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069 <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 />............_....................................................................................................................................... <br />Criterion A <br />. <br />:The proect or -policy is mandated by another government entity or other legal <br />p J pY <br />requirement. .......... ------- ...... ...... ......... ---------- -------- ......... ---------- ................... ......... ........ .......... ........ <br />......._....-------- ------......... .......... ---.- <br />.._.---- .................. .................---------..._. <br />Criterion B <br />-----......-_....-------.........- <br />---- ---.-------- - <br />:The project or policy meets a need or rovides a service that is not served by <br />p J p Y p <br />by <br />another government entity or that is traditionally served municipal <br />governments. <br />.................................................................................................. <br />----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- <br />Criterion C <br />... ............................... .. .............. ............. ....................................................... <br />The project or policy was started in a previous year. <br />........................................................................................._.................................__.._......... <br />Criterion D <br />...._................................_._..............._...............-----........._..............................................._........... . <br />The J ro' ect or olicYp rovides an important health and/or safety benefit, and/or it <br />p p <br />creates a potential hazard or liability of not co.............................................. ............. .rrected. <br />................................................ ........................................... ....................................................................................................................................... <br />.......... .......... ....................................................... <br />Criterion E IThe <br />.................................................. ........... <br />............... .. ............ ................................................................................... <br />p Jro' ect is a necessary repair or replacement of existing infrastructure or <br />facilities. ....................... ...................................... . ............................. ....... .................... ........ ....... ................. .............. ...... ............. ......... ......... <br />........... ...__._._................. .............................. ... <br />Criterion F IThe <br />.............................................. <br />........_........................ ......._......._............_............_._._......._..._..........._..........__...-........ <br />J ro' ect or p olic cost will be offset by operating cost savings, increased <br />p Y <br />doing it <br />roductivi and/or increased revenues, or creates a cost/loss by not since <br />p tY, <br />it will be preventative in nature. <br />....................................................... <br />Criterion G <br />............................ .............-_.--.---------- ..............................---........................_............._-------._--................_..........._..........__........................................--......---................_.........................._............................................... ................................................... <br />The project or policy should be used by or directly serve at least 3 3 % of residents. <br />Criterion H � <br />', The project or policy advances community vision or other objectives put forward <br />force. <br />by a study, plan, or task .......... ....... . ..................................................... <br />......... ........ ...............itive <br />.......... .......... <br />Criterion I...... <br />❑ <br />The project or policy would have direct pos......... <br />economic development impacts, <br />and is supported by the business community as a priority. <br />...................................................................................................................................... .................................. ......................................................................................................... ..................... ....... .................. ............................ <br />Criterion J <br />.......................... <br />The City has the financial capacity to sustain or maintain this policy or project <br />❑✓ <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 />31Page <br />