News Release News Release The City of Palo Alto
Communications Department
650-329-2607
250 Hamilton Ave
Palo Alto, CA 94301

3/6/2008

FOR IMMEDIATE RELEASE
PRESS RELEASE 03/06/2008
Subject :

City Updates Its General Fund Infrastructure Plan
Contact : Michael Sartor, Assistant Director, Public Works    650-329-2270
Palo Alto, CA –On March 18, 2008, the Finance Committee will review the City’s General Fund Infrastructure Management Plan (IMP). Staff has updated the infrastructure inventory to incorporate new and existing infrastructure projects in a comprehensive, prioritized plan. 
 
While the Adopted 2007-12 budget plan will appropriate $50.6 million towards facility improvements, a cost of more than $156 million has been identified to address critical infrastructure needs over the next five years, leaving nearly $100 million of improvements unfunded.

All cities and governmental agencies throughout the country, including the State of California, are struggling with funding improvements or replacements to their aging infrastructure, especially in light of systemic funding challenges and reduced operating budgets. Palo Alto recognized this significant challenge before many agencies did and in 1998 commissioned an infrastructure management study to address it.

"In the last ten years, we’ve invested close to $100 million into upgrading Palo Alto’s facilities and made significant progress on our infrastructure plan," stated Frank Benest, City Manager. "As we update the plan and begin to implement the next ten-year phase of facility improvements, it is important to realize that we will still have a backlog of critical facility improvements."

The City Manager Report (CMR 167:08) with its attachments has been posted now at http://www.cityofpaloalto.org/knowzone/reports/cmrs.aspin order to allow additional time for review before the March 18 meeting.



###