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003 <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 />The project or policy is mandated by another government entity or other legal <br />requirement. <br />Criterion B <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 />.............................. .............................. <br />Criterion C <br />�........ <br />.................... ......... ....... <br />............... ----------------- ............................ ....... ...... ....... ....... ..................... ....... ....... .............. ...... .......... <br />� The project or policy was started in a pr...... --------- .........evious ........... ........year. <br />Criterion D <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 />;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 />Criterion G <br />❑ <br />The project or policy should be used by or directly serve at least 33 /o of residents. <br />.......... <br />Criterion H <br />� <br />............ <br />The proj...... ...... ........ect or policy advances community vision or other objectives put forward <br />by a study, plan, or task force. <br />Criterion I <br />❑ <br />The project or policy would have direct positive economic development impacts, <br />and is supported by the business community as a priority. <br />........ ------- ................ --------- ................ ............. ................. ........... ........... -------------- ........... ............ ....... ---------- ......... .................... .... ... <br />Criterion J <br />❑✓ <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 1 P a g e <br />