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006 <br />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 I❑ <br />The project or policy is mandated by another government entity or other legal <br />requirement. <br />........ .................................................... ................. ............ ................ ............Criterion B IThe <br />❑✓ ;another <br />project or policy meets a need or provides a service that is not served by <br />government entity or that is traditionally served by municipal <br />governments. <br />............. ............................... .................. ................. <br />---------- --------------------............... <br />Criterion C � <br />............... ....... ....................................................................................... .................................................................. ......... ....................................................................................................................................................................... ................................... <br />The project or policy was started in a previous year. <br />Criterion D I❑ <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 ❑ ;The <br />project is a necessary repair or replacement of existing infrastructure or <br />facilities. <br />Criterion F I❑ <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 ❑ ;The <br />project or policy would have direct positive economic development impacts, <br />and is supported by the business community as a priority. <br />Criterion J <br />❑✓ <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 />3 P a g e <br />003 <br />