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072 <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❑ The project or policy is mandated by another government entity or other legal <br />requirement. <br />---------------------- ---------------- -------------- ---------------- --------------- ...... *"'** ------------ ------------------- * ------------------- -------------------- ------ --------------------- -------------------------------------- ------------------------- -------------------------------- ---------------------------------- ------------------ --------------- <br />Criterion B 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 � The project or policy was started in a previous year. <br />Criterion D ❑ ;The <br />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 />The project is a necessary repair or replacement of existing infrastructure or <br />facilities............. <br />Criterion ... ......................... .............. ............ .......... ........................................................ <br />F ❑ <br />� <br />....................... .................................... .................................................... ....... .................................... ....... ............... ...... ....... .............. . ...................... .......................................... ........................................... ....... <br />The project or policy cost will be offset by operating cost savings, increased <br />;productivity, <br />and/or increased revenues, or creates acost/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 />� <br />The project or policy advances community vision or other objectives put forward <br />j <br />by a study, plan, or task force. <br />.............................................................. ...... ........ ...................................................................................................................................................................... <br />Criterion I ❑ <br />� :and <br />­­ ............................. ............................................................................................................................................................................................. ................................................ <br />The project or policy would have direct positive economic development impacts, <br />.................. <br />by the business community as a priority. <br />is su........................................... <br />.......... ........... ......... ....... ----------- ....... ........ ..................................................................................... <br />Criterion J ;The <br />❑✓ <br />.......pported ............. ................ ............... .......................................... ......... ................... .......................... .............................................................. .............................................................................. ................... <br />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 />3Page <br />