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Below please find a set of criteria developed by the administration and reviewed by the Finance Committee. It <br />is recommended that you evaluate your budget submission against these criteria and be sure that it meets at least <br />one, if not several of the criteria on the list. <br />City of Lakewood Project -Based Capital Investment Criteria <br />Criterion A ❑ <br />The project or policy is mandated by another government entity or other legal <br />requirement. <br />Criterion B ® <br />The project or policy meets a need or provides a service that is not served by <br />another government entity or that is traditionally served by municipal <br />governments. <br />Criterion C ❑ <br />The project or policy was started in a previous year. <br />Criterion D : ❑ <br />The project or policy provides an important health and /or safety benefit, and /or it <br />creates a potential hazard or liability of not corrected. <br />Criterion E El <br />The project is a necessary repair or replacement of existing infrastructure or <br />facilities. <br />Criterion F ❑ <br />The project or policy cost will be offset by operating cost savings, increased <br />productivity, and /or increased revenues, or creates a cost/loss by not doing it since <br />it will be preventative in nature. <br />Criterion G ❑ <br />The project or policy should be used by or directly serve at least 33% of residents. <br />Criterion H ❑ <br />The project or policy advances community vision or other objectives put forward <br />by a study, plan, or task force. <br />Criterion I ❑ <br />The project or policy would have direct positive economic development impacts, <br />and is supported by the business community as a priority. <br />Criterion 7 ® <br />The City has the financial capacity to sustain or maintain this policy or project <br />over the long term (10 years or more). This policy or project will not create an <br />acute, unfunded financial burden on future City budgets for maintenance or <br />continuation of the policy or project. <br />Thank you! Please submit this form to: <br />Maureen Bach, Acting Cleric of Council <br />Maureen.bach@lakewoodoh.net <br />003 Rase 9020 -18 - as substituted by Finance 10/1118 <br />