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HomeMy WebLinkAbout8A 2009-2013 Capital Improvement Program (CIP) MEETING DATE: AGENDA #: PREPARED BY: AGENDA ITEM: DISCUSSION: h:\C!P\CIP 4646 Dakota Street S.E. Prior Lake, MN 55372-1714 CITY COUNCIL AGENDA REPORT June 2,2008 8A Ralph Teschner, Finance Director and Steve Albrecht, Public Works Director CONDUCT INFORMATIONAL MEETING AND CONSIDER APPROVAL OF A RESOLUTION APPROVING THE 2009 - 2013 CAPITAL IMPROVEMENT PROGRAM (CIP) Introduction This agenda item is an informational meeting on the proposed projects within the 2009-2013 Capital Improvement Program. A "public hearing" is not required by state statute, however the aforementioned informational meeting will provide our residents an opportunity to make recommendations and comment on particular projects. At the conclusion, a resolution adopting the 2009 CIP may be considered by the City Council. Historv Annually the City prepares a capital improvement program (CIP). The CIP is designed to identify infrastructure improvements and funding sources therefore that are necessary as a result of primarily two factors; community growth and infrastructure maintenance and replacement. Such projects include City initiated improvements, county and state road improvements and improvements requested by developers. In some cases they involve financial responsibility on behalf of Prior Lake, while in others they may not. In addition, the following replacement schedules are included; 1. Equipment Matrix - identifies the City's vehicle equipment needs and establishes a regular replacement schedule. 2. Park Equipment Matrix - identifies the equipment replacement demands for 46 neighborhood parks. 3. Transportation Plan Summary - identifies the major roadway improvements involving both new and reconstruction projects that need to be coordinated with Scott County. Earlier a draft copy of the 2009-2013 Capital Improvement Program was distributed for your review so you would have more opportunity to become familiar with the proposed projects. Also, a presentation was made to the Council at its last council workshop. Within the CIP are condensed project summary sheets (see inserts entitled "Capsule Project Summary") that present a list of projects by year along with a financing source recap, the City's specific share of the project cost and the estimated tax impact of each year's projects. This capsule summary should be helpful for the Council to refer back and forth between years as a quick reference guide. Also included is a condensed financial analysis entitled "Financing Funds Projection" that matches revenue sources with the five year CIP construction www.cityofpriorlake.com Phone 952.447.9800 / Fax 952.447.4245 ISSUES: H\CiP\CiP demands showing the beginning and the ending position of those capital funds which provide the underlying financing of the projects. On April 14, 2008 the Prior Lake Planning Commission reviewed the 2009- 2013 Capital Improvement Program. The Commission did not suggest any changes or revisions to the draft CIP. The Commission found that the CIP was consistent with the goals and objectives of the City of Prior Lake Comprehensive Plan. On May 19, 2008 the Council had the opportunity to review, discuss and provide direction to Staff on specific items the Council wished to change. There was consensus by the Council with respect to the 2009 proposed projects with the program improvements for the remaining years supported by the Council as a whole. As a result of the request by the Rutgers neighborhood petition to move up their project Staff has moved the Rutgers reconstruction project up to 2014 in the Transportation Plan. This change does not effect the five year CIP, but it does however adjust the preliminary project order. Because of the condition of the streets in the Rutgers area, Staff supports the adjustment. Also, the City just received a petition from the Shady Beach neighborhood asking for a 2" bituminous overlay only (see attached petition). This is not a viable consideration because city policy requires concrete curb and gutter for an overlay project. Because Shady Beach is scheduled for complete street reconstruction in 2013 Staff would recommend that the current time table be adhered to. Current Circumstances It is important for the Council to recognize that the document is a flexible planning tool that is affected by the actions of a number of governmental agencies (State, County and Shakopee Mdewakanton Dakota Community). The Council should critically review those projects proposed for 2009. Those improvements selected for bonding will affect the property taxes payable in 2010. Council should remember that the school district and county will also influence the level of taxes through their annual levies and periodic referendums and bond issues. Those programs which are not deemed to be of high priority (particularly in 2009) should be eliminated now so they do not generate public expectation and also to avoid unnecessary City effort and expense. There are no capital park projects identified next year in 2009 because of the general slowdown of development and the associated curtailment of funds that are generated to finance the new neighborhood park improvements. Until such activity picks up and we experience an improvement in the overall economy no capital park expenditures are proposed. Historically the TH13 intersections have been a high priority of the Council for obvious reasons. However, due to the commitment of our future municipal state aid funds for downtown redevelopment and major county road cooperative projects involving CSAH 12, 21 and 42 and the general lack of state funding the remaining TH 13 intersection improvements such as at Main Avenue, Oakland Beach, and 150th Street are not included for the next five- FISCAL IMPACT: H year period. Another primary CIP concern is the timing of projects in the CIP on proposed future parks referendums. Until there is a concerted effort from the vested interests i.e. PLAY, and the various athletic associations and depending upon final recommendations from the Park Advisory Committee regarding the Master Park Plan (MPP) there are two general park referendums proposed. The first is planned for 2019 and the second ten years later. However, the timing of both could easily be modified if community support is generated earlier or if it conflicts with referendums of other entities. Following Council approval of the Capital Improvement Program, Engineering staff will prepare a feasibility report for those projects identified for next year. Adequate lead time is important for surveying, right-of-way acquisition and engineering to obtain the best possible bids, which is generally early in the year. Subsequent years in the CIP are more important from a planning perspective. Our objective in preparing the CIP has been to balance the tax impacts from year to year while addressing infrastructure needs. In reviewing the draft 2009-2013 Capital Improvement Program, the Council should consider the annual tax impact of the scheduled projects. While state levy limits have been imposed for the next three years, a special exception exists for our debt levies associated with capital improvement program financing. The major projects proposed for 2009 involving a property tax levy (payable 2010) are listed below along with their individual tax impact: Proiect DescriDtion L._ Proiect Levv City Tax ImDact* $ % $9.53 1.03% $8.17 I 0.88% Brooksville Hills Street Reconstruction (m J ArcadialCR 21, Fountain Hills/CR 21 $700,000 $600,000 Listed below is a year-by-year tax recap of all the street reconstruction projects. The Scott County Assessor has estimated that the average Prior Lake market value of a home is nearly $300,000. This typical value has been utilized for purposes of calculating the following tax impact. Proiect Year and Levv Amount Tax Imoact $ % $17.70 1.91% $22.80 2.42% $19.80 2.05% $24.90 2.53% $24.00 2.38% 2009* $1,300,000 2010 $1,700,000 2011 $1,500,000 2012 $1,925,000 2013 $1,900,000 *(A 2008 base tax of $925.34 [City portion] was utilized to compute the beginning percentage increases. Budgetary increases are excluded for purposes of comparing the effect of capital dollars only within the context of the CIP. Also this model assumes an annual 2% tax capacity valuation ALTERNATIVES: RECOMMENDED MOTION: Rer;:Jfi Frank BOYle1 Cf ATTACHM~S: H\Cip\CiP agenda doc growth.) As to the Equipment Matrix, the property tax experiences a bi-annual $10,000 step increase over the matrix's 12 year term. The Equipment Matrix also has, as one of its funding sources, an annual transfer of $80,000 from the Enterprise Fund that is adjusted semi-annually as well because a significant portion of the equipment serves the Water and Sewer departments. The following alternatives are available to the City Council: 1. Approve the proposed 2009-2013 Capital Improvement Program as submitted. 2. Provide direction to the staff to modify the proposed program to mitigate annual tax increases while insuring appropriate maintenance of public infrastructure. 3. Amend the 2009-2013 Capital Improvement Program as per Council determination. Alternative #1 . 1. A Resolution Approving the 2009-2013 Capital Improvement Program. 2. Shady Beach petition. 4646 Dakota Street S.E. Prior Lake, MN 55372-1714 RESOLUTION OS-xx RESOLUTION APPROVING THE 2009-2013 CAPITAL IMPROVEMENT PROGRAM MOTION BY: SECOND BY: WHEREAS, The purpose of a Capital Improvement Program is to protect the infrastructure of the City of Prior Lake by establishing a replacement plan for existing infrastructure and to identify those improvements necessary to accommodate the growth of the community; and WHEREAS, Vehicle and Park Equipment Matrix's have been incorporated into the Capital Improvement Program which are intended to identify the City's rolling stock and neighborhood park equipment needs and provide a regular replacement schedule; and WHEREAS, The Capital Improvement Program is a flexible planning document that attempts to balance the financial resources of the City with its needs; and WHEREAS, The establishment of a Capital Improvement Program will provide appropriate information to manage capital change within the City of Prior Lake; and WHEREAS, It is intended for the Capital Improvement Program to be established for a period of five (5) years and to be updated annually; and WHEREAS, The City Council of Prior Lake conducted an informational meeting on the 2009 Capital Improvement Program and offered an opportunity for public testimony on the capital spending priorities of the City Council. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE that: 1. The recitals set forth above are incorporated herein. 2. The 2009-2013 Capital Improvement Program is hereby approved. Passed and adopted this 2nd day of June, 2008. YES NO Haugen Erickson Hedberg LeMair Millar Haugen Erickson Hedberg LeMair Millar H:\CIP\CIP09res.doc City Manager www .citJ6\Wrgfl~Jf~<?ldtffke Phone 952.447.9800 / Fax 952.447.4245 {Seal} PETITION FOR The repair and two inch overlay of blacktop on our street, the beginning of Shady Beach Trail N .E. TO: City of Prior Lake We, the undersigned, request the City of Prior Lake to repair as necessary, then do a two inch overlay on the street known as Shady Beach Trail N.E. from County Road 42 to and including the first 900 right turn where the street goes straight west from house number 14144. We, the undersigned, do not want the entire street torn up to do this work. We definitely do NOT want concrete curb and gutter and sidewalks installed. We like and enjoy the feel of the slight rise on either side (jfthe streeti.o direci. titt: flo\\; of water. We have been more than patient to this point. We have watched the City put patch on patch only to see the same deterioration happen in a very short time again and again. We now need to do the overlay as our property values are being effected. We, ~P:~.f1~ ~ as fOllOWS:. /'''''''-7/''.. Name:,J1ff~k' ~M()/J '-1 Name: ~/' ~ .J-Z: Address:1..4:L45$.. rfi:L FJ.&'d/.AI ~/t&//f,tEAddress: /' 7~//:r 7 S-A~ ,~-> ~({ ~~' ~ /~J-' '\ -" ..... . .- I ., _ '. ",--/",7 . ,.:.- - -..... Name: f M(.. (,'tU;o/lbr Name: ~ C\.~~ f::A\4 11/JL,_ r .~(,- (C :- AddreSSJ{' / 'L ~i.P1J.rI, -p Address: 1'-/ 0,~S :>J..i t'l iILt Be M J"l . .. tl:. ; I ., /~ . /( Name: l,.... / Name: ': I-R:vt, I) JJ[.) 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