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Below please find a set of criteria developed by the administration and reviewed by the Finance Committee. It is recommended that <br />you evaluate your budget submission against these criteria and be sure that it meets at least one, if not several of the criteria on the list. <br />City of Lakewood Project -based Capital Investment Criteria <br />Cr i terion A: <br />11 <br />The project or policy is mandated by another government entity or <br />other legal requirement. <br />Criterian A -1: <br />❑ <br />The project or policy meets a need or provides a service that is not <br />served by another government entity or that is traditionally served <br />by municipal governments. <br />Criterion B: <br />❑ <br />The projector policywas started in a previous year. <br />Criterion C: <br />P <br />The project or policy provides a important health and /or safety <br />benefit, and /or it creates a potential hazard or liability if not <br />corrected. <br />Criterion D: <br />El <br />The project or policy is a necessary repair or replacement of existing <br />, <br />infrastructure or facilities. <br />Criterion E: <br />❑ <br />The project or policy cost will be offset by operating cost savings, <br />increased productivity, and /or increased revenues, or creates a <br />cost /loss by not doing it since it will be preventative in nature. <br />Cr i terion F: <br />El <br />The project or policy should be used by or directly serve at least 33% <br />of residents. <br />Criterion G: <br />❑ <br />The project or policy advances community vision or objectives. <br />(Note: Cite the specific planning objective, study /plan, or community <br />vision element that the Mayor and Council have identified as a <br />priority] <br />Criterion H: <br />❑ <br />The project or policy would have direct positive economic <br />development impacts, and is supported by the business community <br />as a priority. <br />Criterion I: <br />❑ <br />The availability of dedicated funds limited to this specific project. <br />Criterion 1: <br />1 -3 <br />This City has the financial capacity to sustain or maintain this policy <br />or project over the long term (e.g. 10 years or more). This policy or <br />project will not create an acute, unfunded financial burden on future <br />City budgets for maintenance or continuation of the policy or project <br />Criteria met from chart above: A -1, F, G, J <br />Criteria not met: A, B, C, D, E, H, I <br />Thank you! Please submit this form to: <br />Diary Hagan, Clerk of Council, Maty.hagan@lakewoodoh.net <br />Maureen Bach, Legislative Liaison, Maureen.bacli@lakewoodoh.net <br />31 Page <br />