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057 <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 <br />� <br />❑ <br />The project or policy is mandated by another government entity or other legal <br />requirement. <br />----------------- ------------------ --------------- ------------- --------------------- -------------- ------------------ ------------ ------ -------------- ------------------- <br />Criterion B <br />------------ --------------------------- <br />❑✓ <br />------------------ ------------------- ----------------- <br />The project or policy meets a need or provides a service that is not served by <br />by <br />another government entity or that is traditionally served municipal <br />governments. <br />Criterion C <br />................... ...... <br />� <br />....... ............. .......... project---------------- ....... ........... or po...... ---------licy was started in a previous ye----------------- --------------- ----------- .......... ......... .............. ................... ...... <br />The......... <br />ar. <br />Criterion D i <br />� <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 <br />❑ <br />The project is a necessary repair or replacement of existing infrastructure or <br />facilities. <br />Criterion F <br />� <br />❑ <br />The project or policy cost will be offset by operating cost savings, increased <br />productivity, and/or increased revenues, or creates acost/loss by not doing it since <br />it will be preventative in nature. <br />............................... ......................................... <br />Criterion G............. <br />�............. .......... <br />.......... <br />The pro.................... ****** ......ject......... *"***'**'* or policy................. ***-,* ....................... should be used by or directly serve at leas................... <br />t 33% of residents. <br />Criterion H <br />Criterion I <br />------------------------------------------ <br />TheJ ro' ect or policy advances community vision or other objectives put forward <br />p p <br />11XT a et1iANT Ann nr tnoV fnrrP <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 J IThe 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 1 Pag e <br />