EXHIBIT E

CAPITAL IMPROVEMENTS ELEMENT AMENDED

EXCEPT AS INDICATED, THE REMAINDER OF THE CAPITAL IMPROVEMENTS ELEMENT REMAINS UNCHANGED AS ENACTED.

EXCEPT AS INDICATED, THE REMAINDER OF THE CAPITAL IMPROVEMENTS ELEMENT REMAINS UNCHANGED AS ENACTED.

Policy 8.1.1.6- Capital projects shall be evaluated for possible addition to the Capital Improvement Program schedule of projects relative to identified appropriate and legally available revenue sources using as a guide the degree of compliance with the following criteria for programming public capital expenditures:

  1. The elimination of public health and safety hazards;
  2. Replacement or rehabilitation of facilities and the elimination of existing capacity deficiencies necessary to maintain level of service standards;
  3. Necessity for compliance with statutory or regulatory requirements;
  4. Provision of capacity for redevelopment and new development, based upon projected growth patterns;
  5. Implementation of the City’s Water Supply Facilities Work Plan;
  6. Coordination of improvement programs with State agencies, such as the St. Johns River Water Management District, providing facilities within the City;
  7. Provision of capacity within the service areas and urban centers established in the facility elements of this Plan;
  8. Compliance with and support of locational policies established in the Future Land Use, public facilities, and other elements of this Plan;
  9. Improved efficiency/cost-effectiveness of City operations;
  10. Cost impacts to annual operating budgets; and
  11. Possible availability of private funds such as, and by way of example, potential collaborative funding by the Palm Coast Community Service Corporation and developer contributions in the context of public/private partnerships.

Policy 8.1.2.2 - This CIE shall be addressed and updated on an annual basis by the City upon adoption of each fiscal year's budget and the CIE and the CIP shall be harmonized and consistent with one another and shall guide the capital improvements program of the City.The adopted CIE shall be consistent with the CIP and shall be implemented through annual budget adoptions.

Policy 8.1.2.3 – The CIP shall be updated annually, by December 1, to reflect the adopted budget and include those projects identified in the first five years of the Water Supply Facilities Work Plan.

Policy 8.1.2.5 6 – The City shall manage debt issuance and obligations according to sound public fiscal management principles, including the following:

  1. Debt issuance will be included in the City’s long-term capital plan.
  2. The City will only issue debt to fund capital expenditures that have an expected life greater than five (5) years.
  3. Debt may not be issued for a period of more than thirty (30) years or the expected useful life of the asset being funded, whichever is less.
  4. TotalCity debt will not exceed fifteen percent (15%) of the taxable value of property located within the City, provided, however, that this policy shall not apply to the fiscal operations of the City’s utility systems.
  5. Credit enhancement will be utilized when necessary to lower total borrowing costs.

Policy 8.1.3.2 – For the purposes of approving new development subsequent to adoption of this Plan, all adopted public facility LOS standards and schedules of capital improvements shall be applied and evaluated in any new development reviews and approvals consistent with policies of the Implementation Element. As part of this evaluation, the availability of water supplies shall be assessed in any new development review and approval. A final Development Order shall be issued only if this evaluation finds that the needed public facilities that meet the adopted LOS standards and water supplies are available or are assured to be available concurrent with the impacts of the development. Preliminary development orders shall only be issued with the condition that no rights to obtain final development orders or development permits, nor any other rights to develop the subject property are granted or implied by the City's approval of the preliminary development order.

Exhibit 8.1 – Levels of Service (LOS) Standards

  1. Potable Water: 125 gallons per capita per day based on an equivalent residential unit (ERU) of 2.4 persons per capita/day; minimum pressure shall be held at 20 pounds per square inch; and storage capacity shall be 5025% of the average daily flowmaximum-day water demand.