The Town of Watertown’s major building projects and equipment purchases for the next five years were laid out in the Capital Improvement Plan, released this week by Town Manager Michael Driscoll.
The Fiscal 2017-21 CIP includes nearly $140 million, which is nearly $2 million more than the Fiscal 2016-20 CIP, Driscoll said at Tuesday’s Town Council meeting. The FY17-21 plan would required more than $40 million in bonding.
The Council will discuss the CIP at its next meeting on Feb. 9. See the entire Capital Improvement Plan here in a 32-page document.
The budget for the school projects is $9.7 million, Driscoll said, including $658,600 split between the five Watertown Public Schools, the Phillips School and other district projects.
The plan calls for $88.7 million in funds for street and sidewalk improvements over the five years.
The CIP includes $16 million in projects for which the funding is yet to be determined. This includes:
- a Watertown Square parking structure
- renovation or reuse of the former Police Station
- design and renovation of Coolidge Square
- renovation or reuse of the former North and East Branch Libraries
- Renovation of the Multi-Service Center
- information technology improvements
Many of the projects on the proposed CIP came from a facilities assessment study done in 2008 by B. Goba & Associates. Driscoll said the Town Council’s Fiscal 2017 budget goals to conduct another facilities assessment study.