HomeMy WebLinkAboutIR 0720INFORMAL REPORT TO CITY COUNCIL MEMBERS
No. 23-0720
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To the Mayor and Members of the City Council
June 6, 2023
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SUBJECT: PROPOSED STRATEGIC INVESTMENT PLAN AND CAPITAL
PROJECTS MAPPING
The purpose of this report is to provide the City Council with a brief update regarding two FWLab projects:
1) Strategic Investment Plan, and 2) Capital Projects Mapping Initiative.
Strategic Investment Plan
Pursuant to the May 2 workshop presentation regarding the FWLab, a Strategic Investment Plan will be
developed to inform identification, selection, and prioritization of capital improvements that implement the
City's Comprehensive Plan and departmental master plans. This plan will also inform development of
future bond programs.
The Strategic Investment Plan is expected to focus on the following components: Land Needs
Assessment, Strategic Planning Areas, Infrastructure Needs Assessment, and Strategic Investment
Opportunities Analysis.
Anticipated Contents of the Strategic Investment Plan:
1. Introduction and Context
ISSUED BY THE CITY MANAGER
FORT WORTH, TEXAS
INFORMAL REPORT TO CITY COUNCIL MEMBERS
No. 23-0720
p�T�A4
Grp 4
i {
i7 Y
rF rn
1075
To the Mayor and Members of the City Council
June 6, 2023
Page 2 of 2
SUBJECT: PROPOSED STRATEGIC INVESTMENT PLAN AND CAPITAL
PROJECTS MAPPING
2. Comprehensive Infrastructure Assessment — Summary of City infrastructure conditions based on
available data from City departments.
3. Needs Assessment — Compilation of anticipated infrastructure and facility needs with estimated
timeframes and locations.
4. Strategic Investment Opportunities Analysis — Identification and mapping of areas of strategic
importance for meeting City Council and City management priorities.
5. Conclusion and Recommendations — Summary of findings and recommendations focused on
identifying investment coordination opportunities, highlighting multiple -benefit investments, and
outlining opportunities to support strategic priorities.
Working with City departments and cooperating partners, FWLab will 1) assemble, map, and analyze
strategic economic development and quality of life opportunity areas from adopted plans and other
sources; 2) identify and overlay citywide capital project and service enhancement investment needs; and
3) identify opportunities for impactful economic development, revenue generation, and quality of life
improvements through enhanced strategic focus of City investments.
Through the development and use of a Strategic Investment Plan, FWLab intends to provide valuable
assistance to City Council, City management, and City departments by helping to support coordination
amongst an array of City investments, while enhancing investment alignment with strategic priorities.
Capital Projects Mapping Initiative
In tandem with the Strategic Investment Plan, the Capital Projects Mapping Initiative is intended to provide
a central, web -based map tool for viewing information about a variety of existing and planned capital
projects. Working with City departments, FWLab will develop a comprehensive capital projects viewing
tool that provides City Council, staff, and the public a one -stop opportunity to understand the breadth of
capital projects planned and underway in the City.
Both projects are proposed to begin this fall and continue through FY24.
Should you have any questions, please contact Eric Fladager, Assistant Director, at 817-392-8011.
David Cooke
City Manager
ISSUED BY THE CITY MANAGER
FORT WORTH, TEXAS