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Home My WebLink About9A - 2011-2015 CIP MEETING DATE: AGENDA #: PREPARED BY: PRESENTED BY: AGENDA ITEM: DISCUSSION: 4646 Dakota Street SE Prior Lake, MN 55372 CITY COUNCIL AGENDA REPORT JUNE 21, 2010 9A JERIL YN ERICKSON, FINANCE DIRECTOR STEVE ALBRECHT, PUBLIC WORKS DIRECTOR JERIL YN ERICKSON, FINANCE DIRECTOR STEVE ALBRECHT, PUBLIC WORKS DIRECTOR CONSIDER APPROVAL OF TWO RESOLUTIONS: 1) APPROVING THE 2011-2015 CAPITAL IMPROVEMENT PROGRAM (CIP); AND 2) APPROVING THE STREET RECONSTRUCTION PLAN Introduction The purpose of this agenda item is for the City Council to consider two resolutions approving the 2011-2015 CIP and the Street Reconstruction Plan. Historv City staff updates the CIP on an annual basis. The CIP is designed to identify infrastructure improvements needed due to ongoing maintenance and repair and community growth and the associated funding sources. Such projects include City-initiated improvements, county and state road improvements and improvements requested by developers. The 2011-2015 CIP ($25.4 million) is similar in scope to the 2010-2014 CIP ($27.8 million). The 2011-2015 CIP only reflects the City's share of other governmental agency projects. A Council workshop was held on April 5, 2010 to discuss the CIP. A draft copy of the 2011-2015 Capital Improvement Program was distributed for review in conjunction with that workshop. The CIP included a summary of demands versus funding sources which reflected the projected cash balances after taking into account conservative revenue projections, CIP construction demands and 2010 construction obligations. Projects were presented by department, funding source, and provided detail on each project. Included with the CIP were the following long-term planning documents: . Equipment Replacement Plan (2011-2022) - identifies the City's vehicle and equipment needs and establishes a regular replacement schedule. . Park Equipment Replacement Plan (2011-2036) - identifies the equipment replacement demands for 46 neighborhood parks. . Transportation Plan (2011-2020) - identifies the major roadway improvements involving both new and reconstruction projects that need to be coordinated with Scott County. Staff provided a detailed overview of the 2011 projects and highlights for the major projects scheduled for 2012-2015 previously at a city council workshop. The impact of the bonds that would be required to support the1 O-year R\CoLlncil\2010 Agenda Reports\06 2110\CIP Agenda.docR:\Council\201 0 Agenda Reports\06 21 1 O\CIP Agenda.doc transportation plan including street reconstruction was graphically shown from an annual debt levy perspective as well. On April 12, 2010 the Prior Lake Planning Commission reviewed the 2011-2015 Capital Improvement Program (CIP). The Commission found that the CIP was consistent with the goals and objectives of the City of Prior Lake Comprehensive Plan. On June 7, 2010 the City Council held a public hearing for the CIP and Street Reconstruction Plan. No public comments were received at the hearing and the City Council directed staff to prepare resolutions to be considered at the June 21st City Council meeting. Current Circumstances It is important for the Council to recognize that the CIP is a flexible planning tool that is affected by the actions of a number of governmental agencies (State, County and Shakopee Mdewakanton Sioux Community). The projects that are reflected in year 2011 of the 2011-2015 CIP will be incorporated into the 2011 budget. The improvements that are funded in full or partially by tax levies have a direct impact on the level of property taxes payable in future years. Bond proceeds are utilized to cashflow the project and debt levies are adopted to repay the debt service. Actions by the school district and the county will also influence the level of taxes through their annual levies and periodic referenda and bond issues. A copy of the final proposed CIP has been included with this agenda report. It reflects the deletion of two projects that were noted in the June 7, 2010 agenda report: 1) GIS Data and 2) construction of Stonebriar Park play equipment in 2011. Conclusion The City Council should approve the 2011-2015 CIP and Street Reconstruction Plan as proposed. ISSUES: 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 has generally occurred when the City is able to put projects out for bid early in the year. Subsequent years in the CIP are 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. By approving the Street Reconstruction Plan as part of the Transportation Plan the City will be able to issue Street Reconstruction bonds for these projects. It should be noted that if within 30 days of the Public Hearing a petition signed by at least 5% of the votes cast in the last municipal election is received the City may only issue Street Reconstruction Bonds after approval of a referendum in accordance with State Statute. This does not affect the issuance of 429 Bonds for reconstruction projects. R:\Collncil\2010 Agenda Reports\06 2110\CIP Agenda.doc 2 FISCAL IMPACT: In reviewing the final proposed 2011-2015 Capital Improvement Program, the Council should consider the annual tax impact of the scheduled projects. While state levy limits have been imposed through 2011, a special exception exists for debt levies associated with capital improvement program financing. The major projects proposed for 2011 involving a property tax levy (payable 2012) are listed below: I Project Description Boudins Area Street Reconstruction (Phase 1) CR21/Arcadia Intersection - ROW & Construction I Total Project Levy $ 840,000 910,000 $1,750,000 The 2011-2015 CIP includes projects that are funded by bond proceeds. Bonds are issued for the project costs that the City is funding through tax levies as well as the costs that are specially assessed to property owners. The CIP anticipates $12,022,000 in bonding for projects in the Transportation Plan for 2011-2015 and $1,500,000 for a 500,000 gallon water storage unit in 2013. The following chart reflects all bonding requirements referenced in the CIP and Transportation Plan. It does NOT include the bonding that may be presented to residents by referendum for major fire equipment purchases (identified in the Equipment Replacement Plan) and community park improvements (identified in the Park Equipment Replacement Plan) beginning in 2018. The following chart reflects the cumulative effect of new debt issued and the retirement of existing debt. The top line is the resulting debt balance at the end o..!.- the ~.ear. $40.0 Projected Debt Balances 06.07.2010 $5.0 """-"~' $35.0 $30.0 ............. ' , .~ $25.0 ~ c ~$20.0 'E :E$15.0 $10.0 $0.0 "C) ,," ",,'l- ,,~ "I>. ,,'=> ,,'0 ,,'\ 'l-C) 'l-C) 'l-" 'l-C) 'l-C) 'l-C) 'l-C) 'l-C) I _Existing Debt __NewCIP Debt ",,'0 ""C!! n'\''l-C) 'l-" 'l-" ~ The impact of the 2011-2015 CIP and other anticipated bond payment adjustments on the debt service property tax levy is reflected in the following table: R:\CoLlncil\2010 Agenda Reports\06 2110\CIP Agenda.doc 3 Projected Change in Debt Levy Totals I 2011 - 2011 2012 2013 2014 2015 2015 Debt: Existing CIP (60,589) (52,438) (58,638) (109,837) (158,037) (439,539) New CIP 109,000 210,000 154,000 240,000 240,000 953,000 EDA Lease Revenue 15,000 15,000 15,000 15,000 15,000 75,000 Market Referendum 20,463 27,162 34,325 (160,057) 41,363 (36,744) Chan!je in Debt Levy 83,874 199,724 144,687 (14,894) 138,326 551,717 Each year, certain bond issues mature and the corresponding debt service payments are eliminated. In the early 2000s, the level of bonding was lower due to the capital improvement projects being much smaller in scope. Current projects are larger due to the fact that we have accelerated the street reconstruction plan in order to address maintenance issues in a more reasonable time frame. Therefore, the amount of debt service dropping off each year is less than the amount that we are adding for new CIP projects. This results in an increase in the debt service property tax levy. The table also reflects the debt associated with the EDA Lease Revenue bond which funded the construction of city hall and the police station incrementally increases each year. The debt associated with Market Referendum bonds which funded park improvements and construction of the fire stations also incrementally increases each year. In 2013, the bonds for fire station #1 mature which results in a reduction in debt levy in 2014. The debt service for 2011 is already established. Bonds were issued in 2010 for the CR12 Phase III, CR21 Extension, CR42/McKenna Intersection Signal, and Shady Beach, Rustic Road and Lords Street resurfacing projects. The first levy associated with the 2010 bond issue will be in 2011. The proposed CIP projects will impact the debt service levy beginning in 2012. The anticipated bond payments on debt issued in conjunction with these projects along with payment adjustments on current bonds would result in an increased debt service levy of approximately $199,724 for 2012, $144,687 for 2013, and $138,326 for 2015. The 2014 debt service levy would have increased but, due to the fire station #1 bonds maturing in 2013, the overall impact is a decrease. EauiDment ReDlacement Plan The Equipment Replacement Plan (ERP) utilizes general tax levies to support replacement of the City's equipment and vehicle fleet. Whereas historically, the Police Department equipment inventory was included with the ERP for informational purposes only, it is now included in the proposed 2011-2022 ERP as a planned use of funds. As a result, the purchase of police squad cars will be funded by the Revolving Equipment Replacement Fund instead of the General Fund. The property tax levy reflects incremental annual increases over the program's 12-year term. The ERP also has as one of its funding sources an annual transfer from the Water & Sewer Fund. This transfer is incrementally increased every other year because a significant portion of the equipment also serves the Water and Sewer departments. R\CoLlncil\2010 Agenda Reports\06 2110\CIP Agenda.doc 4 Park EauiDment ReDlacement Plan The Park Equipment Replacement Plan (PERP) utilizes general tax levies to support the ongoing repairs and maintenance reflected in the General Fund Parks Department budget. The PERP reflects a decrease in 2011 and incremental increases between $15,000 and $50,000 for years 2012 through 2015 based on the current equipment replacement philosophy. Staff, along with the Parks Advisory Committee, will be evaluating this philosophy over the next 12-24 months to determine if it should be adjusted to meet changing demographics in the community. In 2009, the Revolving Park Equipment Fund was established with a $100,000 transfer from the General Fund to fund future park maintenance expenditures. The 2010 budget included a $100,000 transfer. Beginning in 2011, staff recommends that the transfer be reduced to $50,000. This reduced level of funding is sufficient to meet the maintenance needs currently projected by city park staff. Other Lona-Term Plans Three other long-term plans were briefly discussed during the April 5, 2010 workshop: the Water Plan, the Sanitary Sewer Plan, and the Water Quality Plan. These plans will be presented to the City Council later this year and incorporated into the Capital Improvement Program at that time. Approval of the CIP does not constitute final project approval. All of the projects included in the CIP will come before the City Council several times prior to final approval. All future bonding decisions are approved by the City Council, as well. ALTERNATIVES: The following alternatives are available to the City Council: 1. Approve a resolution approving the 2011-2015 CIP. 2. Approve a resolution approving the Street Reconstruction Plan. 3. Table the Resolution(s) for a specific reason. 4. Deny the Resolution(s) and provide staff with additional direction. Alternatives #1 and #2. ~ C1I,I( ~g~/I~~!ty Manager R\CoLlncil\2010 Agenda Reports\06 2110\CIP Agenda.doc 5 4646 Dakota Street SE Prior Lake, MN 55372 RESOLUTION 10-xxx A RESOLUTION APPROVING THE 2011-2015 CAPITAL IMPROVEMENT PROGRAM Motion By: Second By: WHEREAS, The purpose of the Capital Improvement Program (CIP) is to protect the infrastructure of the City of Prior Lake by establishing a replacement plan for existing infrastructure and by identifying those improvements necessary to accommodate the growth of the community; and WHEREAS, The CIP is a flexible planning document that attempts to balance the financial resources of the City with its needs; and WHEREAS, It is intended for the CIP to be established for a period of five (5) years and to be updated annually; and WHEREAS, On June 7, 2010, the City Council of Prior Lake conducted a Public Hearing on the 2011- 2015 CIP and offered opportunity for public testimony on the capital spending priorities of the City Council; and WHEREAS, The City reasonably expects to reimburse the expenditures made for certain costs of the projects included in the CIP from the proceeds of bonds. NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA as follows: 1. The recitals set forth above are incorporated herein. 2. The City has determined to make a declaration of official intent ("Declaration") to reimburse certain estimated costs for projects included in the CIP from proceeds of bonds in accordance with the Internal Revenue Service Reimbursement Regulations (Treasury Reg. 1.150-2). 3. The 2011-2015 Capital Improvement Program is hereby approved. 4. The City may declare other separate statements of reimbursement intent in connection with specific public improvements projects as they are initiated under Minnesota Statutes Chapters 429 and 444, or for other capital projects, with the understanding that such additional declarations of reimbursement intent will supplement this resolution. All reimbursed expenditures will be capital expenditures, costs of issuance of the bonds, or other expenditures eligible for reimbursement under Section 1.150-2( d)(3) of the Reimbursement Regulations. 5. This Declaration has been made no later than 60 days after payment of any original expenditure to be subject to a reimbursement allocation with respect to the proceeds of bonds, except for the following expenditures: R:\CoLlncil\2010 Agenda Reports\06 2110\CIP Final ResolLltion.doc a. costs of issuance of bonds; b. costs in an amount not in excess of $100,000 or five percent of the proceeds of an issue; or c. "preliminary expenditures" up to an amount not in excess of 20 percent of the aggregate issue price of the issue or issues that are reasonably expected by the City to finance the project for which the preliminary expenditures were incurred. The term "preliminary expenditures" includes architectural, engineering, surveying, bond issuance, and similar costs that are incurred prior to commencement of acquisition, construction or rehabilitation of a project other than land acquisition, site preparation, and similar costs incident to the commencement of construction. 6. This Declaration is an expression of the reasonable expectations of the City based on the facts and circumstances known to the City as the date hereof. The anticipated original expenditures for the Projects and the principal amount of the bonds are consistent with the City's budgetary and financial circumstances. No sources other than proceeds of bonds to be issued by the City are, or are reasonably expected to be reserved, allocated on a long term basis, or otherwise set aside pursuant to the City's budget or financial policies to pay such Project expenditures. 7. This Declaration is intended to constitute a Declaration of the Official Intent for the purposes of the Reimbursement Regulations. PASSED AND ADOPTED THIS 21st DAY OF JUNE, 2010. YES NO I Myser I Erickson I Hedberg I Keeney I Millar Myser Erickson Hedberg Keeney Millar Frank Boyles, City Manager R:\COll nci 1\20 1 0 Agenda Reports\06 2110\CIP final Resollltion.doc 2 4646 Dakota Street SE Prior Lake, MN 55372 RESOLUTION 1 a-xxx A RESOLUTION ADOPTING THE STREET RECONSTRUCTION PLAN AND THE INTENT TO ISSUE GENERAL OBLIGATION STREET RECONSTRUCTION BONDS Motion By: Second By: WHEREAS, The following table identifies the Street Reconstruction Plan financing elements: Year Improvement Total City Estimated Estimated Cost Reconstruction Total Bonding Bonds 2011 Boudins/Rut~ers Area Phase 1 $1,950,000 $0 $1,400,000 1 2011 CR 21/Arcadia Intersection $2,675,000 $910,000 $910,000 I 2012 Industrial Park $900,000 $0 $800,000 I 2012 Boudins/RutQers Area Phase 2 $2,180,000 $0 $1,630,000 I 2012 CR21/Fountain Hills Signal $300,000 $100,000 $100,000 I 2013 Main Ave/Ridgemont $1,875,000 $1,100,000 $1,100,000 I 2013 Martindale/Carriage Hills Resurf. $350,000 $300,000 $300,000 I 2013 Mushtown/Panama/Maple $1,475,000 $0 $1,300,000 I 2014 Franklin Trail Resurfacin~ $400,000 $300,000 $300,000 1 2014 Eau Claire /Highland/ $3,320,000 $0 $2,670,000 Marsh/Skyline I 2015 CR 21/Main/Pleasant $3,000,000 $1,455,000 $1,455,000 1 2015 CR 83 CooP AQreement $57,000 $57,000 $57,000 I Total $18,482,000 $4,222,000 $12,022,000 ] ;and WHEREAS, Issuing general obligation bonds is one mechanism to fund street reconstruction projects. Adopting a Street Reconstruction Plan with the intent to issue general obligation street reconstruction bonds does not require the City to utilize this mechanism; and WHEREAS, The total estimated general obligation street reconstruction bonds for the 5-year program is $4,222,000; and WHEREAS, Street reconstruction is necessary to provide residents the opportunity of safe travel while commuting throughout the City. NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA as follows: R:\CoLlncil\2010 Agenda Reports\06 2110\CIP Street Recon ResolLltion.doc 1. The recitals set forth above are incorporated herein. 2. The City Council authorizes the adoption of the Street Reconstruction Plan with the intent to issue general obligation street reconstruction bonds PASSED AND ADOPTED THIS 21st DAY OF JUNE, 2010. YES NO I Mvser I Erickson I Hed ber!j I Keeney I Millar Myser Erickson Hedber!j Keeney Millar Frank Boyles, City Manager R:\CoLlncil\2010 Agenda Reports\06 21 10\CIP Street Recon ResolLltion.doc 2 4646 Dakota Street SE Prior Lake. MN 55372 Date: June 21, 2010 To: Mayor Myser, Council Members and Residents of Prior Lake Frank Boyles, City Mmager U, c.1.. 2011-2015 Capital Improvement pr-:a.l · - From: Subject: One of the most fundamental responsibilities of local government is the construction and maintenance of infrastructure including streets, trails, sewer, water, parks and public buildings. Our 2030 Vision and Strategic Plan acknowledges this fact. Prior Lake's five-year Capital Improvement Program is directly responsive to the City's 2030 Vision and Strategic Plan. The Strategic Plan serves as our vision and our "things to do" list. How that list is prioritized, funded and converted into City projects is determined largely through the five-year Capital Improvement Program (often referred to as the CIP). Each year, forecasts for projects that will be needed, estimated costs and possible funding sources are programmed into the CIP for the next five years. The CIP is updated, evaluated and approved each year by the City Council as projects are completed and priorities change. The purpose of the CIP is to assure that funds are available when projects are contemplated. More importantly, the CIP helps the City Council and staff gauge when funding sources are sufficient to build the infrastructure our community needs. Every year, enhancements are made to the CIP. This year, a debt anal)Csis section was added to provide the user with information regarding the impact on the amount of debt the City will have and the corresponding impact on the property tax levy for debt service. The attached 2011-2015 CIP contains new and continued projects critical to the development of our community and achievement of our 2030 Vision and Strategic Plan goals. It reflects an aggressive approach to upgrading the conditions of our streets and infrastructure in direct response to citizens' feedback. All-in-all, the 2030 Vision and Strategic Plan establishes the vision for our community.. . and the Capital Improvement Program allows us to achieve it! 2011- 2015 CAPITAL IMPROVEMENT PROGRAM Adopted June 21, 2010 by the PRIOR LAKE CITY COUNCIL Mayor Councilmember Councilmember Councilmember Councilmem ber Mike Myser Warren Erickson Ken Hedberg Rick Keeney Steve Millar Term EXDires December 31, 2012 December 31, 2012 December 31, 2010 December 31, 2012 December 31, 2010 CITY MANAGER Frank Boyles FINANCE DIRECTOR Jerilyn Erickson PUBLIC WORKS DIRECTOR / CITY ENGINEER Steve Albrecht 2011 - 2015 CAPITAL IMPROVEMENT PROGRAM "COMMUNITY CAPITAL ASSETS - Quality infrastructure (municipal utilities, parks, buildings, roadways, etc.) is the essential capital cornerstone of a great and vibrant community. Such infrastructure must be completed in a timely manner using specifications which emphasize longevity and cost effectiveness. Once installed, the City must maintain these assets to maximize product life. . The interconnection of infrastructure with neighbors is desirable to protect against system failures and improve cost effectiveness." - 2030 Vision and Strategic Plan "Community Capital Assets," one of the ten vision elements of the 2030 Vision and Strategic Plan (2030 VSP), represents an area of strategic importance that must be addressed to make the 2030 VSP a reality. The Prior Lake Capital Improvement Program (CIP) addresses this vision element by focusing on long-term planning for the. expansion, replacement and/or maintenance of capital assets. Capital assets refer to infrastructure (water, sewer, storm water, streets and transit), vehicles and equipment, and park equipment. The CIP is reviewed on an annual basis to identify the need for expansion, replacement and/or maintenance; the timeframe to complete the project; and the appropriate funding source. The final document reflects the specific goals, policies and priorities of the City Council and the 2030 Vision and Strategic Plan. It is important to note that the CIP is a planning document and contains estimates for the project and equipment costs. Prior to the implementation of any individual improvement project, staff must prepare a feasibility study, conduct a public hearing, request bids for the construction costs, and obtain approval for all phases of the project from the City Council. The CIP also includes the following long-term plans: Transportation Plan, Equipment Replacement Plan, and a Park Equipment Replacement Plan. A ten (10) year Transportation Plan has been developed in an effort to coordinate city and county improvements that require a cooperative funding agreement between our two jurisdictions. The Equipment Replacement Plan serves to identify the City's equipment needs on a long-term basis and to provide a regular replacement schedule. The equipment purchases for the Fire, Police and Public Works departments are processed through a revolving equipment fund. Equipment purchases that are typically less than $5,000 are incorporated into the annual operating budgets for the specific departments. A Park Equipment Replacement Plan identifies the equipment needs for each neighborhood and community park over the next twenty-six (26) years. TABLE OF CONTENTS 1. Demands versus Funding Sources · This table shows the impact of the improvements identified in the CIP on each of the funding sources. 2. Projects by Department · This table categorizes each of the projects by department. The associated funding source for each project is also shown. 3. Projects by Funding Source · This table categorizes each of the projects by funding source. 4. Project Detail · This table provides a detailed description, purpose, and cost/benefit impact statement for each of the projects. 5. 2011 - 2020 Transportation Plan . This table provides a ten-year summary of street improvement projects. 6. 2011 - 2022 Equipment Replacement Plan . A table and chart provide a summary of the uses and sources of funds. Detailed equipment schedules are included for the following departments: o Fire Department o Police Department o Public Works Department . 7. 2011- 2036 Park Equipment Replacement Plan . This summary provides a summary of uses and sources of funds. This summary also identifies future community park referendum needs. . 8. Debt Analysis 9. Future Information CAPITAL IMPROVEMENT PROGRAM Demands vs. Funding Sources 1/1/10 Cash Six-Year Revenue CIP Construction 2010 Construction 1/1/16 Projected Funding Source Balances Projection (Net) Demands Encumbrances Cash Balances Water Fund 3,844,800 (1,447,559) 3,040,000 330,000 (972,759) Sewer Fund 2,545,200 (2,120,792) 1,731,000 - (1,306,592) Water Quality Fund 657,000 941,338 1,711,701 122,000 (235,363) Capital Park Fund 144,000 705,000 255,000 76,000 518,000 Trunk Reserve Fund 1,094,000 1,866,250 130,000 85,000 2,745,250 Street Oversize Fund 513,000 615,000 100,000 20,000 1,008,000 Water Storage Fund 96,000 1,800,000 1,800,000 - 96,000 Transit Fund 1,708,000 (1,979,176) 153,000 40,000 (464,176) Municipal State Aid - 2,600,000 2,135,000 - 465,000 Project Tax Levy - 8,542,000 8,542,000 Special Assessments - 3,480,000 3,480,000 Intergovernmental - 2,315,000 2,315,000 TOTALS $ 10,602,000 $ 17,317,061 $ 25,392,701 $ 673,000 $ 1,853,360 CITY OF PRIOR LAKE PROJECTS BY DEPARTMENT CAPITAL IMPROVEMENT PROGRAM 2011 - 2015 CIP Project Reference 2011 2012 2013 2014 2015 Total All City Departments Fiber Optic Network Connection CIP1 200,000 200,000 Water Storage Fund 200,000 200,000 All City Departments Total - - 200,000 - - 200,000 Public Works (Parks) Field Backstops CIP2 5,000 5,000 10,000 Capital Park Fund 5,000 5,000 10,000 Basketball Courts CIP3 10,000 10,000 20,000 Capital Park Fund 10,000 10,000 20,000 Park Appurtenant Equipment CIP4 10,000 10,000 20,000 Capital Park Fund 10,000 10,000 20,000 Tree Planting CIP5 10,000 10,000 10,000 10,000 40,000 Capital Park Fund 10,000 10,000 10,000 10,000 40,000 Park Signs CIP6 20,000 5,000 25,000 Capital Park Fund 20,000 5,000 25,000 Picnic Shelter CIP7 25,000 25,000 50,000 Capital Park Fund 25,000 25,000 50,000 Play Structures CIP8 45,000 45,000 90,000 Capital Park Fund 45,000 45,000 90,000 Neighborhood Park Replacement CIP9 110,000 150,000 175,000 190,000 240,000 865,000 General Fund-Park Operating 110,000 150,000 175,000 190,000 240,000 865,000 Public Works (Parks) Total 110,000 275,000 285,000 200,000 250,000 1,120,000 Page 1 of 4 CITY OF PRIOR LAKE PROJECTS BY DEPARTMENT CAPITAL IMPROVEMENT PROGRAM 2011 - 2015 CIP Project Reference 2011 2012 2013 2014 2015 Total Public Works (Streets I Utilities) Test Wells CIP10 55,000 55,000 Water Quality Fund 10,000 10,000 Water Fund 45,000 45,000 Meter Replacement Program CIP11 120,000 120,000 120,000 175,000 175,000 710,000 Water Fund 80,000 80,000 80,000 120,000 120,000 480,000 Sewer Fund 40,000 40,000 40,000 55,000 55,000 230,000 Well No. 10 CIP12 600,000 600,000 Water Fund 600,000 600,000 Street Reconstruction (Co. Rd.) CIP13 2,675,000 300,000 1,875,000 - 3,057,000 7,907,000 Project Levy 910,000 100,000 1,100,000 1,512,000 3,622,000 State - 200,000 200,000 County 750,000 - 500,000 1,250,000 City MSA Funds 715,000 200,000 425,000 795,000 2,135,000 Street Oversize Funds 100,000 - - 100,000 Water Quality Fund 100,000 50,000 150,000 300,000 Water Fund 100,000 100,000 100,000 300,000 Sanitary Improvement CIP14 150,000 150,000 Sewer Fund 150,000 150,000 Watermain Improvements CIP15 200,000 340,000 540,000 Water Fund 200,000 340,000 540,000 Water System CIP16 100,000 100,000 Water Storage Fund 100,000 100,000 Inflow !Infiltration Prevention CIP17 150,000 150,000 251,000 551,000 Sewer Fund 150,000 150,000 251,000 551,000 Page 2 of 4 CITY OF PRIOR LAKE PROJECTS BY DEPARTMENT CAPITAL IMPROVEMENT PROGRAM 2011 - 2015 CIP Project Reference 2011 2012 2013 2014 2015 Total Street Improvements (City) CIP18 1,950,000 3,080,000 1,825,000 3,720,000 - 10,575,000 Project Levy 840,000 1,180,000 900,000 2,000,000 4,920,000 SpedalAssessmenffi 560,000 1,250,000 700,000 970,000 3,480,000 Trunk Reserve Funds 50,000 50,000 Water Quality Fund 50,000 100,000 50,000 50,000 250,000 Water Fund 250,000 250,000 125,000 450,000 1,075,000 Sewer Fund 250,000 250,000 50,000 250,000 800,000 Pressure Reducing Valves CIP19 80,000 80,000 Trunk Reserve Fund 80,000 80,000 Water Storage CIP20 1,500,000 1,500,000 Water Storage Fund 1,500,000 1,500,000 Public Works (Streets I Utilities) Total 5,750,000 3,750,000 5,550,000 3,895,000 3,823,000 22,768,000 Public Works (Water Resources) WQ System Maintenance and Retrofits CIP21 350,000 25,000 300,000 40,090 315,000 1,030,000 Water Quality Fund 350,000 25,000 300,000 40,000 315,000 1,030,000 Prior Lake Outlet Channel JPAlMOA CIP22 - 32,500 32,500 38,188 18,513 121,701 Water Quality Fund 32,500 32,500 38,188 18,513 121,701 Public Works (Water Resources) Total 350,000 57,500 332,500 78,188 333,513 1,151,701 Transit CMAO Grant Bus Purchase (City Share) CIP23 153,000 153,000 Transit Fund 153,000 153,000 Transit Total - - 153,000 - - 153,000 GRAND TOTALS 6,210,000 4,082,500 6,520,500 4,173,188 4,406,513 25,392,701 Page 3 of 4 CITY OF PRIOR LAKE PROJECTS BY DEPARTMENT CAPITAL IMPROVEMENT PROGRAM 2011 - 2015 CIP Project Reference 2011 2012 2013 2014 2015 Total TOTALS BY FUNDING SOURCES Project Levy 1,750,000 1,280,000 2,000,000 2,000,000 1,512,000 8,542,000 Special Assessments 560,000 1,250,000 700,000 970,000 - 3,480,000 State 200,000 - - 200,000 County 750,000 - 500,000 1,250,000 City MSA Funds 715,000 200,000 425,000 - 795,000 2,135,000 Capital Park Fund 125,000 110,000 10,000 10,000 255,000 Street Oversize Fund 100,000 - - 100,000 Trunk Reserve Funds 50,000 80,000 - 130,000 Water Quality Fund 510,000 157,500 432,500 128,188 483,513 1,711,701 Water Fund 1,275,000 330,000 305,000 570,600 560,000 3,040,000 Sewer Fund 440,000 440,000 240,000 305,000 306,000 1,731,000 Water Storage Fund 100,000 1,700,000 - 1,800,000 Transit Fund - 153,000 - 153,000 General Fund-Park Operating 110,000 150,000 175,000 190,000 240,000 865,000 6,210,000 4,082,500 6,520,500 4,173,188 4,406,513 25,392,701 Page 4 of 4 Page 1 of 3 CITY OF PRIOR LAKE PROJECTS BY FUNDING SOURCE CAPITAL IMPROVEMENT PROGRAM 2011 - 2015 CIP Project Reference 2011 2012 2013 2014 2015 Total Street Oversize Fund Street Reconstruction (Co. Rd.) CIP13 100,000 - - - - 100,000 100,000 - - - - 100,000 Trunk Reserve Fund Street Improvements (City) C1P18 - 50,000 - - - 50,000 Pressure Reducing Valves CIP19 - - 80,000 - - 80,000 50,000 80,000 - - 130,000 Water Quality Fund Test Wells CIP10 10,000 - - - - 10,000 Street Reconstruction (Co. Rd.) CIP13 100,000 - 50,000 - 150,000 300,000 Street Improvements (City) CIP18 50,000 100,000 50,000 50,000 - 250,000 WQ System Maintenance & Repair CIP21 350,000 25,000 300,000 40,000 315,000 1,030,000 Prior Lake Outlet Channel Repair CIP22 - 32,500 32,500 38,188 18,513 121,701 510,000 157,500 432,500 128,188 483,513 1,711,701 Water Fund Test Wells CIP10 45,000 - - - - 45,000 Meter Replacement Program CIP11 80,000 80,000 80,000 120,000 120,000 480,000 Well No. 10 CIP12 600,000 - - - - 600,000 Street Reconstruction (Co. Rd.) CIP13 100,000 - 100,000 - 100,000 300,000 Watermain Improvements CIP15 200,000 - - - 340,000 540,000 Street Improvements (City) CIP18 250,000 250,000 125,000 450,000 - 1,075,000 1,275,000 330,000 305,000 570,000 560,000 3,040,000 Sewer Fund Meter Replacement Program CIP11 40,000 40,000 40,000 55,000 55,000 230,000 Sanitary Improvement CIP14 150,000 - - - - 150,000 Inflow I Infiltration Prevention CIP17 - 150,000 150,000 - 251,000 551,000 Street Improvements (City) CIP18 250,000 250,000 50,000 250,000 - 800,000 440,000 440,000 240,000 305,000 306,000 1,731,000 Page 2 of 3 CITY OF PRIOR LAKE PROJECTS BY FUNDING SOURCE CAPITAL IMPROVEMENT PROGRAM 2011 - 2015 CIP Project Reference 2011 2012 2013 2014 2015 Total Water Storage Fund Fiber Optic Network Connection CIP1 - - 200,000 - - 200,000 Water System CIP16 - 100,000 - - - 100,000 Water Storage CIP20 - - 1,500,000 - - 1,500,000 100,000 1,700,000 - - 1,800,000 Transit Fund CMAO Grant - 3 Buses (City Share) CIP23 - - 153,000 - - 153,000 153,000 - - 153,000 General Fund-Park Operating Park Equipment Replacement CIP9 110,000 150,000 175,000 190,000 240,000 865,000 110,000 150,000 175,000 190,000 240,000 865,000 6,210,000 4,082,500 6,520,500 4,173,188 4,406,513 25,392,701 Page 3 of 3 Proiect CITY OF PRIOR LAKE CAPITAL IMPROVEMENT PROGRAM 2011 - 2015 All City Departments Fiber Optic Network Connection Public Works (Parks) Field Backstops Basketball Courts Park Appurtenant Equipment Tree Planting Park Signs Picnic Shelter Play Structures Park Equipment Replacement CIP1 CIP2 CIP3 CIP4 CIP5 CIP6 CIP7 CIP8 CIP9 CIP Reference Description Fiber Optic Network Connection between City Hall, Maintenance Center, Water Treatment Facility and Fire Station No.1 Backstops / Aglime: 2012 - Northwoods Meadows 2013 - Enclave at Cleary Lake Basketball Courts: 2012 - Northwood Meadows 2013 - Enclave at Cleary Lake Numerous park benches, grills, drinking fountains, player benches, pcnic tables, play equipment etc. need to be replaced or additional equipment added each year. Tree planting and replacement in parks and parkways Park Entrance Signs: 2012 - Stonebriar, Northwood Meadows and Spring Lake (2) 2013 - Enclave at Cleary Lake Picnic Shelters: 2012 - Northwood Meadows 2013 - Enclave at Cleary Lake Play Structures: 2012 - Northwood Meadows 2013 - Enclave at Cleary Lake Park equipment replacement Page 10'3 Purpose Connect WTF and MC to fiber optic network to increase communications abilities and reliability PROJECT DETAIL Cost I Benefit Impact Statement Will provide reliable connection from City Hall & maintenance center to WTF for SCADA control and information systems Backstops keep balls in the field of play. Aglime Backstops protect spectators and park users is the safety surface materials used on the from equipment used on fields. Aglime is a safe, infields. maintainable material. Basketball hard court surface areas are very popular among neighborhood children and adults. These items are essential elements to each of the parks in the community. An annual Tree Planting and Replacement Program is needed to replace dead trees and enhance other areas. The signs will be constructed of natural, maintenance-free materials and provide park identification. These courts benefit both the youth and adults of the neighborhood. By purchasing these items for our park system in a timely manner, the City is serving its residents efficiently. Trees add value to parks, neighborhoods and the City, as well as providing benefits to wildlife and the environment. The park signs provide identification for residents and visitors of Prior Lake. Picnic shelters provide shelter from the elements These shelters provide shelter and protection for picnics, gatherings, and summer playground from the elements. recreation activities for children. Each year, selected neighborhood and community parks being developed will have modular play structures installed providing safe accessible activities for children. Replace and Renovate park facilities and equipment Play equipment provides active play areas and provides social activities for children. Renovations necessary to maintain City park system CITY OF PRIOR LAKE CAPITAL IMPROVEMENT PROGRAM 2011 - 2015 CIP Reference Proiect Public Works (Streets I Utilities) Test Wells CIP10 Meter Replacement Program CIP11 Well No. 10 CIP12 Street Reconstruction (Co. Rd.) CIP13 Sanitary Improvement CIP14 Watermain Improvements CIP15 Water System CIP16 Inflow /Infiltration Prevention CIP17 Description Purpose Drill Test Wells: Cardinal Ridge Park Monitor stormwater and water quality for City well field PROJECT DETAIL Cost I Benefit Impact Statement Protect City's wellhead Water Meter Replacement Program: SR II meters (1,441) Invensys meters (455) Water meters deteriorate with age, resulting in Implementation of a meter replacement program inaccurate readings. American Water Works will show a decrease in apparent loss and in replacement guidelines estimate a 15-year life on increase in revenue. residential meters. Municipal Well NO.1 0 in Wilderness Ponds Park Construct Well NO.1 0 to provide adequate water supply in case of well failure These are Scott County reconstruction projects. City will participate in storm sewer and other improvements on a cost sharing basis through a 2011 - CR21/Arcadia intersection cooperative agreement. 2012 - CR21/Fountain Hills Signal 2013 - CR44/Main1TH13 intersection 2015 - CR 21/Main Ave/Pleasant, CR 83 Payment Sanitary Sewer improvement project Duluth Avenue easement Improve sanitary sewer main line which services Commercial area, reduce infiltration issues and improve flow Replace CIP watermain along TH 13 from Rustic Replace old watermain Road to Boudins Street Well and water tower control upgrades Improvements will allow staff to coordinate flow to the elevated tanks and make well pump improvements to match the water treatment facility pressure. Sanitary Sewer Lining Reduce water infiltration into collection system Page 2 of 3 Well is needed to provide City firm pumping capacity and to utilize Water Treatment Facility at full capacity These County Highway Improvement Projects will restore the driving surface and improve storm drainage in these respective areas. Reduction of infiltration and settlements in sanitary sewer which could be cause for sanitary back-ups and impede flow design of mllin line pipe Currently, this watermain experiences periodic breaks Altitude valves and well pump modifications will allow staff greater control of the water system. Reduction of lift station pumping and treatment flow costs to Blue Lake from Met Council . CITY OF PRIOR LAKE CAPITAL IMPROVEMENT PROGRAM 2011-2015 Project Street Improvements (City) Pressure Reducing Valves Water Storage Public Works (Water Resources) WQ System Maintenance and Retrofit Prior Lake Outlet Channel JPAlMOA Transit CMAO Grant Bus Purchase CIP Reference CIP18 CIP19 CIP20 CIP21 CIP22 CIP23 Description 2011 - Boudins,Timothy,Denise,Lois,Natalie 2012 - Industrial Park, RutgersfWatersedge/Grayling 2013 - Martindale/Carriage Hills Resurfacing, Mushtown/Maple/Panama 2014 - Franklin Trail Resurfacing, Eau Claire/Highland/Marsh/Skyline Pressure Reducing Valves: 2013 - Carriage Hills Water Storage: 500,000 gallons ground storage Maintaining existing structural stormwater practices and adding new treatment. (locations vary) Prior Lake Outlet Channel maintenance / improvements Purpose To resurface streets to extend usuable life or reconstruct streets to a 7 -ton or 9-ton standard. Reduce pressure in lower service areas of the Prior Lake community. Increase water storage on west side of lake. Maintenance, retrofit and creation of storm water ponds to restore and enhance overall system treatment efficiency. Maintenance, retrofit and creation of other structural practices such as; sump manholes, bioretention, infiltration and filtration. To provide maintenance repairs and upgrades for the Prior Lake Outlet Channel. This project is a cooperative effort between the SMSC, PLSLWD, Prior Lake andShakopee. Purchase of 3 additional coach buses for transit Expansion of BlueXpress service to provide purposes. more frequent runs and more routes. Page 3 of 3 PROJECT DETAIL Cost I Benefit Impact Statement Improved streets will reduce maintenance for the streets and for vehicles. Reducing pressure in the distribution system will assist in water conservation and water loss. Increase water storage to provide adequate supply for high usage periods, fire protection and system pressure. Provides better water quality by increasing ability to circulate system. Using a targeted maintenance and retrofit program to continually renew and improve the overall water quality system effectivness and cost efficiency. Outlet channel repairs will prevent erosion and restore channel capacity. Additional transit capacity will help reduce congestion on regional roads and will help to improve air quality. City of Prior Lake 2011-2020 Transportation Plan ! Year ! Improvement MSA Street Oversizina Tax Lew Bond Assessments Tvoe Utility Fund Water Qualitv Trunk Fund County/ State/Other Total City Cost 2011 BoudinslTimothy/Denise/Lois/Natalie $ $ - $ 840,000 429 $ 560,000 $ 500,000 $ 50,000 $ $ $ 1,950,000 2011 CR 21/Arcadia Intersection 715,000 100.000 910.000 Recon - 100.000 100.000 - 750.000 2.675.000 1IIIIIIr~1l![ m!lmt:~_~ !~I]r~ dllaml 2012 Industrial Park (Rural Street Restoration) 2012 RutgerslWatersedge/Grayling 2012 CR21/Fountain Hills SiQnal $ $ $ 200,000 980,000 429 429 $ 600,000 $ 650,000 $ 50,000 $ 50,000 50,000 $ $ 900,000 2,180,000 300,000 500,000 200.000 2013 Main Ave/TH 13/Ridgemont $ 425,000 $ $ 1,100,000 Recon $ $ 100,000 $ 50,000 $ $ 200,000 $ 1,875,000 2013 Martindale/Carriage Hills Resurfacing - - 300,000 Recon - 50,000 - - - 350,000 2013 Mushtown/Maple/Panama - 600.000 429 700,000 125.000 50.000 1.475.000 r ........... ~ 1!!lr~_,_, "Illll&l......~-i1 I!Ullllllil.DI_I_iE_ ~!. tJIl~ +,.~___ 2014 Franklin Trail Resurfacing 44 to Summer) $ $ $ 300,000 Recon $ $ 100,000 $ 600,000 $ $ $ 400,000 50,000 2015 CR 21/Main Ave/Pleasant $ 795,000 $ - $ 1,455,000 Recon $ - $ 100,000 $ 150,000 $ - $ 500,000 $ 3,000,000 2015 CR 83 CooP AQreement Pa~ment - 57,000 Recon 57.000 lIlY lIIIiI!laRlIIIifl&illm'*'l" .......,""";""~- ~ll_IT!IiI I"". ~~. fa :Jjj -"!WI_I. .~l u;- ~'-- '..1IIlI ~ 2016 City Street Reconstruction $ $ - $ 1,300,000 429 $ 740,000 $ 550,000 $ 55,000 $ - $ $ 2,645,000 2016 CR 12 Phase IV 300,000 - 350,000 429 360,000 500,000 30,000 - - 1,540,000 2016 TH 13/150th Street 500,000 150.000 1.000.000 Recon 150,000 55.000 1.855,000 _~,~""",~!llli liIIIIIIIIIlI"" l~ ~UlIlBI;__:! .- ~~JIID"I~~~ -.. 1-. ~... 2017 CR 42/TH 13 $ 200,000 $ $ 1,000,000 Recon $ 1.000.000 429 $ 100,000 $ 350.000 55,000 $ 55.000 $ $ 1,355,000 600.000 2018 City Street Reconstruction $ $ - $ 1,000,000 429 $ 500,000 $ 350,000 $ 55,000 $ - $ - $ 1,905,000 2018 City Street Reconstruction - 750,000 729 500.000 350.000 55.000 1.655.000 I~-'-...Iliiii.. A -':,~,,~ ~ J-1 ~"~"__I~IIII1I1""!I-II.~~~"'-' "'-IIiJ! 1111 .. l!lJllt_ 2019 City Street Reconstruction 2019 Resurfa~inQ ProQram (50% State Aid SO $ $ - $ 1,200,000 429 $ 680,000 $ 400,000 $ 55,000 $ - $ $ 2,335,000 400.000 400.000 Recon - 100.000 - - - 900.000 ro'l1llltD:lli, "II Ilh..O.'~JIliDlr'_\l~~,~~_!JJ~J U.j.II):~llr :~ 1$ $ 2,100.000 429 $ 840.000 $ 900.000 $ 120.000 $ - $ - $ 3.960.000 :jr)_.:B~ .......~__ rtllw.pi I i~ -. r ..... Street Reconstruction 1$ III 1$ 3,535,000 $ 250,000 $ 18,642,000 $ 7,700,000 $ 5,925,000 $ 1,085,000 $ 50,000 $ 1,450,000 $ 38,637,000 CITY OF PRIOR LAKE 2011 - 2022 EQUIPMENT REPLACEMENT PLAN 2011 - 2022 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Totals Use of Funds: Fire Dept Total 90,000 44,885 28,646 - - 35,940 73,617 1,000,000 36,681 - 550,000 - 1,859,768 Police DeptTotal 73,500 75,000 76,500 78,000 109,500 106,000 82,500 84,000 103,500 87,000 88,500 90,000 1,054,000 Public Works Dept Total 530.256 277.321 168.723 434,044 686,901 571.294 710.943 624.104 151.119 565,540 370.421 238,387 5,329,055 Total Use of Funds 693,756 397,206 273,869 512,044 796,401 713,234 867,060 1,708,104 291,300 652,540 1,008,921 328,387 8,242,822 Source of Funds: Interest Earnings (2%) 26,348 20,400 20,464 23,396 22,223 16,139 12,197 5,500 2,048 7,263 5,557 7,890 169,423 Annual Equipment Levy 270,000 280,000 290,000 320,000 350,000 380,000 390,000 400,000 410,000 420,000 430,000 440,000 4,380,000 Enterprise Fund Contribution 100,000 100,000 110,000 110,000 120,000 120,000 130,000 130,000 140,000 140,000 140,000 140,000 1,480,000 Bond Proceeds - Referendum - - - - - - - 1,000.000 - - 550,000 - 1,550,000 Total Source of Funds 396,348 400,400 420,464 453,396 492,223 516,139 532,197 1,535,500 552,048 567,263 1,125,557 587,890 7,579,423 Change in Fund Balance (297,408) 3,194 146,595 (58,648) (304,179) (197,095) (334,863) (172,604) 260,748 (85,277) 116,636 259,503 (663,399) Beginning Fund Balance 1,317,398 1,019,990 1,023,184 1,169,778 1 ,111 ,130 806,951 609,857 274,994 102,390 363,137 277,860 394,496 Ending Fund Balance 1,019,990 1,023,184 1,169,778 1,111,130 806,951 609,857 274,994 102,390 363,137 277,860 394,496 653,999 Page 10f7 $1.000,000 $900,000 $800,000 $700,000 - $600,000 $500,000 - $400,000 $300,000 $200,000 $100,000 - Equipment Replacement Plan $0 2011 _20J2 20J3_2_0~2_Q~5_2_0.16_2_0~2_0.18_20_19_2020 2021 . Firn O'ptT ola' . P,bli' Wo~, O'pl To'" · por;oo O'ptTo'" l 2022 Page 2 of 7 FIRE DEPARTMENT 2011 - 2022 EQUIPMENT INVENTORY Life Current Equipment Description EouiD # YEAR SERIAL # COST Mil E1HR Exot. Value 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Zodiak Rescue Boat 9290 1991 XDC2453F $ 16,000 15 $ 36,700 $ 90,000 $ $ $ $ $ $ $ $ $ $ $ -Peterbilt Pumper 9220 1993 1XPBHA8X1PD332698 244,000 51,107 25 320,000 550,000 -Peterbilt Rescue 9215 1993 1XPBH78XXPD332699 218,000 41,470 25 300,000 450,000 -Peterbilt Pumper 9221 1996 1XPGHA8X7TN412503 204,085 25,374 25 320,000 550,000 Scotty Trailer-Smoke House N/A 1997 1 SSTT1PT2V11SS246 24,780 20 30,900 38,003 Ford F-350 Crew Cab 9270 2000 1 FTSW31 S3YEE27499 41,076 18,603 12 42,308 44,885 Polaris 500 6x6/ATV 9275 2000 4XALL50A2YD418369 8,000 48 15 25,000 Peterbilt Tanker 9260 2001 2NPNHZ8XX1 M498712 145,000 7,526 25 156,817 Ford F-350 9271 2001 1 FTSX31 S71 ED79752 25,452 33,662 12 26,215 28,646 Ford Expedition 9200 2003 1 FMPU16L83LB71121 25,390 102,842 12 26,151 Ford F-150 Super Cab 9201 2004 1 FTPW14544KD62092 29,223 59,331 12 30,099 35,940 Ford F-350 Super Cab 9202 2005 1 FTPW14595KE56227 28,957 44,767 12 28,957 35,613 Peterbuilt Pumper 9222 2007 2NPLHZ8X37M682390 319,890 13,255 25 319,890 Ford F-350 Super Cab 9272 2007 1 FTWX31Y28EB35023 23,074 10,981 12 28,113 36,681 E-One 100' Aerial 9280 2007 925,500 5,556 25 925,500 Peterbilt Heavy Rescue 9216 2009 2NPRHN8XXAM794324 424,366 3,125 25 424,366 NEW EQUIPMENT: Rescue Truck (Station #2) Totals $ 90,000 $ 44,885 $ 28,646 $ $ $ 35,940 $ 73,617 $ 1,000,000 $ 36,681 $ $ 550,000 $ *** Referendum Total 2011 - 2022 $ 1,859,768 9220 ; $550,000 (2018) 9215; $450,000 (2018) 9221 ; $550,000 (2021) Research refurbishing options in 2010 Page 3 of7 POLICE DEPARTMENT 2011-2022 EQUIPMENT INVENTORY Equipment Description Equip # YEAR SERIAL # COST Mileaqe 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Ford Crown Victoria 209 2009 2FAHP71V79X131710 24,058 25,000 Ford Crown Victoria 309 2009 2FAHP71V09X131709 18,578 Ford Crown Victoria (M-Squad) 408 2008 2FAHP71V28X161342 76,935 24,500 Ford Crown Victoria (M-Squad) 607 2007 2FAHP71W77X156290 76,422 Ford Crown Victoria (M-Squad)' 706 2006 2FAHP71WX6S145993 92,197 Ford Crown Victoria (M-Squad) 708 2008 2FAHP71V08X161341 49,835 25,000 Ford Crown Victoria (M-Squad) 806 2006 2FAHP71W86X145992 71,282 24,500 Dodge Charger (M-Squad) 808 2008 2BAKA43H98H271257 25,650 25,000 Dodge Charger (M-Squad) 906 2006 2B3LA43H26H406967 80,011 Ford Crown Victoria (M-Squad) 1005 2005 2FAHP71W35X176453 46,240 24,500 , New engine in 2007 TOTAL SQUAD CARS $ 73,500 $ 75,000 $ 76,500 $ 78,000 $ 79,500 $ 81,000 $ 82,500 $ 84,000 $ 85,500 $ 87,000 $ 88,500 $ 90,000 Dodge Sprinter (TCTT) 1108 2008 WDOPF445285312689 $48,000 1,964 $ - $ $ $ $ $ $ $ $ $ $ $ GMC Denali 1202 2002 1 GKEK63U 12J280904 88,764 Ford Ranger 1292 1992 1 FTCR1 OU5NUA67382 51,475 Nissan Murano 1407 2007 JN8AZ08W07W652082 16,796 - 30,000 Dodge Magnum (DARE) 2106 2006 2086V47V86H438151 7,496 25,000 Harley Davidson Motorcycle 2009 $16,000 0 - - 18,000 Speed Sign Trailer 1293 2000 Speed Sign Trailer PD Generator (Cummins-D) 9911 2006 D040627729 TOTAL MISC VEHICLES ( FORFEITURE & OTHER FUNDING)' $ - $ - $ - $ - $ 30,000 $ 25,000 $ - $ - $ 18,000 $ - $ - $ Totals $ 73,500 $ 75,000 $ 76,500 $ 78,000 $109,500 $106,000 $ 82,500 $ 84,000 $103,500 $ 87,000 $ 88,500 $ 90,000 Total 2011 - 2022 $ 1,054,000 , Donations or contributions may defray or pay for replacements in this category. Page 4 of 7 PUBLIC WORKS DEPARTMENT 2011 . 2022 EQUIPMENT INVENTORY 2010 Life Current Equipment Description Eaulp # YEAR SERiAL # Mileaae/Hrs ExDl. Value 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 DUMP TRUCKS Miles Ste~ing Dump (P,W,S) L8511 466 2000 2FZHDJBB5YAB04744 67,643 15 200,000 225,102 Ste~ing Dump (P,W,S) L8511 467 2000 2FZHDJBB7YAB04745 65,170 15 200,000 231,855 Ste~ing Dump (P,W,S) L8511 468 2001 2FZAAWAKX1AF83306 58,704 15 200,000 245,975 Ste~ing Dump (P,W,S) L8511 469 2001 2FZAAWAK11AF83307 57,437 15 200,000 238,810 Ste~ing Dump (P,W,S) L8511 518 2002 2FZAAWAK92AK06805 65,678 15 200,000 245,975 International Dump (P,W,S)(tandem) 465 2003 IHTWXAXT14J083646 61,236 15 207,400 278,728 Ste~ing Dump (P.w.S)(tandem) 519 2008 2FZHAZDE49AAE8498 13,368 15 207,400 PICK UPSNAN Chev. C1500 (112T) 540 1996 1 GCEC14M7TE246454 80,839 12 25,000 26,523 35,644 F350 Ford 4x4 (H) w/Plow' 457 1999 1 FTSF31 F6XED33327 101,093 12 57,000 66,079 F350 Ford 4x4 (H) Utility (crane) 756 1999 1 FDWF37F9XED33326 119,320 10 79,000 81,370 106,169 F350 Ford 4x4 (H)w/plow 543 1999 1FTSF31 FXXEC10484 93,548 12 34,500 38,830 F350 Ford 4x4 (H)w/plow 544 1999 1 FTSF31 F3XEC26476 118,084 12 34,500 36,601 F350 Ford 4x4 (H)w/dump 545 1999 1 FDWF37F4XEE98166 72,653 12 59,000 66,405 F350 Ford 4x4 (H)w/dump/plow' 546 1999 1 FDWF37F9XEE98163 75,391 12 59,000 70,449 F350 Ford 4x4 (H) Utility 750 2000 1 FDWF37S5YEE27427 94,900 10 76,700 106,171 3500 Dodge 4x4 w/dump/plow' 547 2001 BB6MF36W81 M575169 64,350 12 59,000 68,397 F350 Ford 4x4 w/plow' 451 2001 1 FTSF31S51 ED79753 85,795 10 59,800 61,594 82,777 F-550 Bucket truck 549 2002 1 FDAF56F22ED28193 26,013 20 91,200 130,029 F-350 Ford (H) w/piow 548 2003 1 FTSF31 F83EA38823 77,506 12 34,500 45,015 Chev 4x4 1/2 T 758 2004 1 GCEK19T94Z315464 66,152 10 25,000 28,982 F-550 w/plow 452 2005 1 FDAF57975ED-26435 36,090 12 57,000 70,103 Ford Ranger 508 2005 1 FTZR45E55-PA97395 47,468 10 18,500 21,447 Chev 4x4 1/2 T 541 2006 1 GCEK19Z16Z265893 32,965 10 25,000 31,669 F550 Ford 4x4 w/plow 459 2008 1 FDAF57R18EE 18372 13,233 12 57,000 76,603 F3504x4 (club cab)w/plow 453 2009 1 FTWW31 R69EA63787 9,056 12 42,400 58,692 F350 4x4 (4 door) 494 2009 1 FTWX31 R39EA63789 8,930 12 33,200 45,957 F350 4x4 utility w/plow 762 2009 1 FTWF31 R89EA63788 5,216 10 59,800 78,025 , Replaced with F550 w/plow 2 New engine _ body refurbished , New engine - body refurbished 'Replaced w/utility box UTILITY EQUIPMENT Serco Extend-A-Jet 770 1990 EMSP-6.91101 455 20 57,900 63,269 Ford L8000 Tanker 521 1991 1 FDYK82A3MV A35699 45,950 15 144,400 172,421 Jet-Vac 784 2002 2FZHA T AK62AK46319 49,027 20 260,000 Portable 10" pump DNR 27977-078 30 21,300 Valve Exerciser 763 2007 21984 20 56,775 JLG Electric Lift 551 2007 200152825 20 15,000 EMERGENCY POWER Cat D80-6 Towable 742 2007 D4B00613 72 15 39,000 55,605 Cat 80KW Towable 747 2006 D4P00357 358 15 39,000 53,985 Cat 200KW Towable (Booster station) 777 1996 085Z13104 130 20 94,000 Cat 80KW Towable 776 1996 2021765 3,706 15 39,000 40,170 Cat 75KW Estate 778 2002 NPF01467 220 30 94,000 Cal40KW Lime 749 2004 E4724B1/001 105 30 27,000 Cat 40KW Franklin T~ 748 2004 F5283A 1/001 100 30 27,000 Cal300KW (Wells 8 & 9) 746 2006 KPS01979 0 30 72,400 Cat 100KW Main!. Ctr 745 2006 N4E00311 16 30 36,000 Waler Treatment Facility 744 2009 SXC02940 0 30 325,000 Onan 100EN FS #1 9211 1996 G940549015 346 30 35,000 FS #2 Cal Gen 9212 2008 N6D00424 17 30 35,000 PD Gen 9911 2007 46385148 639 60 35,000 City Hall Gen 9913 2008 N3C00696 70 30 28,000 Pag& 5 0'7 PUBLIC WORKS DEPARTMENT 2011 - 2022 EQUIPMENT INVENTORY 2010 Life Current Equipment Description Equip # YEAR SERIAL # Mileage/Hrs Expt. Value 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 TRAILERS Homemade Trailer 530 1986 DPSMN960962 12 7,219 9,145 Homemade Trailer 480 1988 12 7,300 Towmaster Trailer 479 1999 4KNUT2020XL 161258 12 10,500 10,815 JAA 22' Trailer 533 2000 00082264ROB 12 7,300 7,745 Towmasler Tandem Trailer 482 2004 4KNFZ19244L 163143 12 7,900 9,433 Feathe~ile Trailer 761 2006 4U01ST9256A028847 12 5,980 7,575 Haulin Trailer 554 2006 5NHVHA0156W045768 12 4,000 5,067 Towmasler Trailer 531 2008 4KNUC18218L 162564 12 7,000 9,407 Towmaster Trailer 532 2007 4KNUC18288L 162562 12 7,000 9,407 LOADERS/SKID STEERS JCB Traclor Backhoes 785 1995 SLPZ14TCSE0436049 4,084 13 115,000 118,450 Melroe Bobcat S 185 w/broom 781 2004 525015713 2,717 6 55,000 58,350 69,672 Melroe Bobcat S250 w/blower 501 2006 530912105 2,686 6 60,000 60,000 73,792 Case Loader 721 E w/plow & wing 488 2007 N7F200557 1,049 14 127,403 Cal Loader 938G w/plow & wing 789 2001 00938GJGW502904 4,140 14 156,000 170,465 Cat 257B 502 2008 CAT0257BVSCK07556 1,127 6 35,315 39,747 47,460 S Will be replaced w/used backhoe ~ Hammer Hoe (new) ~ Plate compactor (new) STREETS/SIDEWALKS Tymco Sweeper" 471 2007 1 HTMPAFN07H433838 14,143 15 158,500 Elgin Sweeper 472 2003 S9112D 3,082 14 147,000 180,791 Holder Sidewalk Plow 506 2009 4DB070947 251 14 80,000 101,342 40" Bituminous Mill 664 2000 231611255 12 25,000 26,523 Erskine Fronl Blower 665 2002 207600168 10 9,400 9,972 11,908 Direclional Safety Sign 664 2003 1A9A5465522228069 20 28,800 Pavement router 454 2003 3112109081 500 20 25,800 Crack Seal Equip 473 2003 03-110-119 426 20 7,000 Stone AP41 00 Roller 474 2009 72009191 15 23,400 Message Board for Utility Truck 128006 20 10,000 Box Broom 664 1996 714400101 15 6,200 6,386 S Research resloration ~ptions ANTI-ICING EQUIPMENT Brine Production 2004 SB600 6 9,800 Critical Spol Sprayer 492 2004 15 6,320 8,246 Single Axle Slide-In 493 2007 15 12,000 17,109 Storage Tanks 2007 10 22,000 27,057 Slide-in Sander 455 2003 13839 10 11,900 13,003 Slide-in Sander 490 2006 123148 10 11,900 14,209 Liquid Anli-Ice Unil 495 2009 10 17,200 22,442 TURF CARE JR Turf Truckster Striper 535 1998 98002740 1,646 20 18,000 22,802 Cushman Field Groom w/atch 537 2003 LM21013 1,467 10 18,900 21,272 Cushman Truckster 538 2005 2300977 1,513 10 18,000 20,667 Kubota 539 2007 KRTV110071011057 581 10 20,000 24,597 T oro 580D 504 2001 210000239 4,967 10 77,200 79,516 72" 328D Toro Diesel w/blower 523 2003 230000114 2,348 8 32,500 34,479 42,405 Case CX100 Traclor 507 2000 C100AS4JJE1014819 3,193 11 48,000 52,451 Seed-A-Valor 665 2000 4 8 10,600 12,657 Aerator AE80 665 1998 445 10 9,700 9,991 Goosen Rake-N-Vac 665 1992 RVT#I-12000 15 17,500 19,696 Sovema Tiller 665 1993 15 7,200 MilIcreek Top Dresser 665 1995 21934 10 7,100 7,991 Dilch Mower 665 2006 RBF-1295 15 16,500 22,840 T oro 5700D Sprayer 536 2004 24000016 1,182 10 25,500 32,303 Jacobson HR 9016 503 2008 705291855 810 10 68,400 66,647 Jacobson Turf Cat 524 2008 628-DT 870 8 27,900 33,314 Toro 325D 525 2009 290000139 503 8 27,900 34,313 Taro 325D 526 2009 280000303 435 8 27,900 34,313 John Deere 5525 Tractor 505 2009 L V5525H456371 631 11 28,100 37,764 Page 6 of7 PUBLIC WORKS DEPARTMENT 2011 - 2022 EQUIPMENT INVENTORY 2010 Life Current Equipment Description EauiD # YEAR SERIAL # Mileaae/Hrs EXDt. Value 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 TREE CARE Vermeer 1250A Chipper 510 1999 1VRN1416XW1007408 1,820 13 28,400 30,130 Rayco Stump Grinder 550 2007 1R91209127M210026 75 15 17,000 Tree Spade 509 2008 NOVAK 20 39,700 Aerovator Seeder 512 2008 29 15 6,500 BUILDING DEPARTMENT Ford Crown Victoria7 205 2005 2FAHP71W95X166042 69,676 15 12,000 Ford Focus 398 2009 1 F AHP34N09W259206 5,964 10 15,000 ENGINEERING DEPARTMENT Suburban' 399 1999 1 GNFK16R6XJ351846 46,036 15 38,000 25,000 Ford Crown Victoria" 405 2005 2FAHP71W75X166041 96,077 10 12,000 REFURBISHING 10,000 15,000 15,000 15,000 20,000 20,000 20,000 FUTURE ADDITIONS Used 112 Ton Pick Up (Parks) 10 20,000 Stainless slide-in sander 10 11,900 13,795 Hot patch unit (cost share w/SMSC) trade in exlsling unit 10 26,000 26,780 Slide in anti-deice liquid slide in (1850 gal) 10 12,800 13,184 Totals $ 530,256 $ 277,321 $168,723 $ 434,044 $ 686,901 $ 571,294 $ 710.943 $ 624,104 $ 151,119 $ 565,540 $ 370,421 $ 238,387 7 Will be replaced wilh used economy car , Will be replaced with a 1/2 Ion pickup Total 2011 - 2022 $ 5,329,055 " Will be replaced with used economy car Page 70t7 CITY OF PRIOR LAKE 2011 - 2036 PARK EQUIPMENT REPLACEMENT PLAN 2011 2012 2013 2014 2015 2016 General Fund - Parks Department Use of Funds: 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2011 - 2036 TOTAL Parks DeptTotal(l) $ 101,709 $ 148,653 $ 169,331 $ 182,536 $ 238,171 $ 223,318 $ 337,954 $ 256,466 $ 439,475 $ 1,444,108 $ 370,004 $ 1,021,454 $ 602,736 $1,067,726 $ 1,144,646 $ 453,392 $ 378,853 $ 606,199 $ 560,538 $ 1,898,928 $ 539,301 $ 473,803 $ 749,365 $ 677,628 $ 369,746 $ 836,518 $ 15,292,559 Sources of Funds: Tax Levyl') 110,000 Referendum or Privale Fundingl') Revolving Park Equip Fund Contribution Total Source of Funds 110,000 175,000 190,000 240,000 150,000 250,000 150,000 175,000 190,000 240,000 250,000 Change in Fund Balance $ 8,291 $ 1,347 $ 5,669 $ 7,464 $ 1,829 $ 26,682 $ Revolving Park Equipment Fund Use of Funds: Transfer to General Fund $ Tolal Use of Funds $ $ $ $ $ $ 182,954 $ 91,466 $ 264.475 $ 182,954 91,466 264,475 199,108 $ 175,004 $ 116.454 $ 147,736 $ (107,f74) $ 199,108 175,004 116,454 147,736 (107,274) Sources of Funds: Interesl Earnings (2%) General Fund Contribution Tax Levy Total Source of Funds 7,348 50,000 4,040 50,000 5,121 50,000 6,223 50,000 8,495 50,000 9,665 50,000 54,040 55,121 56,223 57,348 58,495 59,665 Change In Fund Balance $ 54,040 $ 55,121 $ 56,223 $ 57.348 $ 58,495 $ 59,665 $ (72,097) $ 22,950 $1144,600) $ (77.125) $ (49,564) $ 12,996 $ (13,027) $ 246.722 $ (130,264) $ (56,615) $ 31.793 $ 50,082 $ (118,255) $ (29,010) $ (69,964) $ 9.135 $(251,244) $(169,532) $ 149,960 $ (298,813) $ 155,000 182.~54 337,954 100,000 110,858 10,858 165,000 91.466 256,466 $ 105.000 114,416 9,416 175,000 264.475 439,475 $ 110,900 119,875 185,000 1,060,000 199.108 1,444,108 $ 9,875 6,983 195,000 175.004 370,004 $ 120.000 125,440 205,000 700,000 116.454 1,021,454 $ 5,440 125.000 129,449 215,000 240,000 147,736 602,736 $ 4,449 130.000 134,709 225,000 950,000 (107,P41 1,067,726 $ 4,709 4,448 115.000 121,983 13~,000 139,448 Beginning Fund Balance $ 202,000 $ 256,040 $ 311,161 $ 367,384 $ 424,732 $ 483,226 $ 542,891 $ 470,794 $ 493,744 $ 349,144 $ 272,019 $ 222,455 $ 235,451 $ 222,424 $ Ending Fund Balance $ 256,040 $ 311,161 $ 367,384 $ 424,732 $ 483,226 $ 542,891 $ 470,794 $ 493,744 $ 349,144 $ 272,019 $ 222,455 $ 235,451 $ 222,424 $ 469,146 $ Interest Rate Total Funding from Tax Levies: General Fund - Operating Budget General Fund - Contribution 10 RPEF Park Equipment Revolving Fund Debt Levy - Referendum $ 110,000 $ 150,000 $ 175,000 $ 190,000 $ 240,000 $ 250,000 $ 155,000 $ 165,000 $ 175,000 $ $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ $ $ $ 100,000 105,000 110,000 185,000 $ 195,000 $ 205,000 $ . .$ 115,000 120,000 125,000 1.060.000 700,000 $ 1,360,000 $ 315,000 $ 1,030,000 Total $ 160,000 $ 200,000 $ 225,000 $ 240,000 $ 290,000 $ 300.000 $ 255,000 $ 270,000 $ 285.000 $ 215,000 $ 130,000 240.000 $ 585,000 $ 225,000 $ $ $ 135,000 950,000 $ 1,310,000 $ 235,000 630,000 279,646 1,144,646 $ 245,000 208,392 453,392 $ 255,000 123.853 378,853 $ 265,000 230,000 111.199 606,199 $ 275,000 285,538 560,538 $ 279,646 $ 208,392 $ 123,853 $ 111,199 $ 285,538 $ 279,646 208,392 123,853 111,199 285,538 .9,363 140,()QO 149,383 145,000 151,778 6,778 150,000 155,645 5,645 6,281 160,000 167,283 7,283 469,'146 $ 338,882 $ 282,268 $ 314,060 $ 364,143 $ 338,882 $ 282,268 $ 314,060 $ 364,143 $ 245,887 $ 155,000 161,281 235,000 $ 245,000 $ 255,000 $ 265,000 $ 275,000 $ $ $ $ $ $ 140,000 145,000 150,000 155,000 160,000 630,pOO 230.()QO 1,005,000 $ 3~0,000 $ 405,000 $ 650,000 $ (1) Includes costs for communily parks as noted in "Community Park Referendum Needs." (2) Includes planned incremental increases per council discussion but at a lower amount due to lower projected needs. (3) Consider referendum or privale funding for these improvemenls. 2011 2012 2013 2014 2015 2016 LAKEFRONT . Play Structure - Hockey Rinks - Parking / Roadway MEMORIAL - Parking . - Pla~ Structure THE PONDS - Play Structure - Parking / Roadway SAND PT. BEACH - Concession . - Parking / Roadwa~ THOMAS RYAN MEMORIAL - Ballfield Renovation - Play Structure - Parking WATZL'S BEACH - Concession $ $ $ $ $ $ Total Annual Costs $ $ $ $ $ $ $ 2017 $ $ 2018 $ $ $ $ 2019 2020 $ $ 545,000 515,000 $ 1,060.000 $ COMMUNITY PARK REFERENDUM NEEDS 2021 2022 2023 2024 2025 $ $ $ $ $ 375,000 700,000 240,000 85,000 720,000 145,000 255.000 $ 700,000 $ 240,000 $ 950,000 $ 630,000 $ 2026 2027 $ $ 2028 $ $ 230,000 $ 230cOOO $ 285,000 1,415,000 198.928 1,898,928 $ 295,000 244.301 539,301 $ 305,000 168.803 473,803 $ 315,000 434..365 749,365 $ 325,000 352.628 677,628 $ 335,000 34.746 369,746 $ 345,000 491,518 836,518 $ 198,928 $ 244,301 $ 168,803 $ 434.365 $ 352,628 $ 34.746 $ 491,,518 $ 198,928 244,301 168,803 434,365 352,628 34,746 491,518 165.000 169,918 4,918 170.000 174,338 4,338 175.000 177,938 2,936 180,000 183,121 3,121 185,000 183,096 (1,904) (5,295) 195,000 192,705 245,887 $ 216,878 $ 146,914 $ 156,049 $ (95,195) $(264,727) $ (114,767) 216,878 $ 146,914 $ 156,049 $ (95,195) $(264,727) $(114,767) $ (413,580) 190,pOO 164,705 285,000 $ 295,000 $ 305,000 $ 315,000 $ 325,000 $ 335,000 $ $ $ $ $ $ $ 170,000 175,000 180,000 185,000 190,000 165,000 1.~15.oo0 435,000 $ 1,865pOO $ 465,000 $ 480,000 $ 495,000 $ 510,000 $ 525,000 $ 2029 2030 $ $ 875,000 540,000 $ 1,415,000 $ 2031 2032 $ $ 2033 $ $ 2034 $ $ 2035 $ 345,000 $ 195,000 540,000 $ (2,295) 6,115,000 5,225,000 4,003,!I40 15,343,840 $ 51,282 4,003,!I4O 4,003,840 138,260 300,000 2,950,000 , 3,388,260 1615,580). 6,115,000 300,000 2,950,000 5,225.!,00 . 14,590,000 2036 $ $ TOTAL $ 375,000 875,000 85,000 255.000 240,000 720,000 545,000 145,000 515,000 230,000 540,000 700,000 $ 5,225,000 DEBT ANALYSIS In reviewing the 2011-2015 Capital Improvement Program, the City Council has considered the annual tax impact of the scheduled projects. While state levy limits have been imposed through year 2011, a special exception exists for debt levies associated with capital improvement program financing. Major projects scheduled for 2011 which involve a property tax levy (payable 2012) are listed below: I Pro.iect Description Boudins Area Street Reconstruction (Phase 1) CR21/Arcadia Intersection - ROW & Construction I Total Pro.iect Levy I $ 840,000 910,000 $1,750,000 I The 2011-2015 CIP includes projects that are funded by bond proceeds. Bonds are issued for the project costs that the City is funding through tax levies as well as the costs that are specially assessed to property owners, The CIP anticipates $12,022,000 in bonding for projects in the Transportation Plan for 2011- 2015 and $1,500,000 for a 500,000 gallon water storage unit in 2013. The following chart reflects all bonding requirements referenced in the CIP and Transportation Plan. It does NOT include the bonding that may be presented to residents by referendum for major fire equipment purchases (identified in the Equipment Replacement Plan) and community park improvements (identified in the Park Equipment Replacement Plan) beginning in 2018. As of 12/31/2009, the City of Prior Lake had $37,520,000 in debt. The following chart reflects the type of debt that comprises the $37M: I Debt Type G.O. Special Assessment Bonds G,O, Tax Increment G.O, Bonds (MY) Amount Purpose $ 7,265,000 Street Improvement Projects G.O, Bonds Revenue Bonds G.O. Revenue Bonds 325,000 Tax Increment Project (EDA) 9,170,000 Referendum Projects (Park & Fire Stations) 1,165,000 I Street Reconstruction Project 9,465,000 I City Hall & Police Station (EDA) 9,100,000 Maintenance Facility & Water Treatment Facility 1,030,000 Scott County Cooperative Agreement G.O. Capital Improvement Bonds I Total $ 37,520,000 I In May, 2010, the City issued $1,235,000 in General Obligation Special Assessment Bonds. Page 1 of 3 The following chart reflects the cumulative effect of new debt issued and the retirement of existing debt. The top line is the resulting debt balance at the end of the year. Projected Debt Balances 06.21.2010 $40,0 $35,0 -~. ----oiL\, '" , . ----, ~l"" ,......... -,,,. .~ $5.0 $30.0 $25.0 ,-., CJ) c ~ $20.0 E c v$15.0 $10.0 $0.0 ~\'J ~'\ '" '\')" '" '\'" '),,\'J '),,\'J '),," '),," ~~ ",,\':> '),,\'J '),," ~fo '),,\'J ~'\ '),,\'J \'J,\'t:> \'J'\C) 'V 'V \'J '),,\'J'V ~ Existing Oebt~New CIP Oebt......Projected OebG The impact ofthe 2011-2015 crp and other anticipated bond payment adjustments on the debt service propeliy tax levy are reflected in the following table: Projected Chanee in Debt Levy Totals 2011 2012 2013 2014 2015 2011 - 2015 Deht: Existing CIP (60,589) (52,438) (58,638) (I 09,837) (l58,037) (439,539) New C[P 109,000 210,000 154,000 240,000 240,000 953,000 EDA Lease Revenue [5,000 15,000 15,000 15,000 15,000 75,000 Market Referendum 20,463 27,162 34,325 ( 160,057) 41,363 (36,744) Change in Debt Levy 83,874 199,724 144,687 (14,894) 138,326 551,717 I Each year, cel1ain bond issues mature and the corresponding debt service payments are eliminated. In the early 2000s, the level of bonding was lower due to the capital improvement projects being much smaller in scope. Current projects are larger due to the fact that we have accelerated the street reconstruction plan in order to address maintenance issues in a more reasonable time frame. Therefore, the amount of debt service dropping off each year is less than the amount that we are adding for new elP projects, This results in an increase in the debt service property tax levy. Page 2 of 3 The table also reflects the debt associated with the EDA Lease Revenue bond which funded the construction of city hall and the police station incrementally increases each year. The debt associated with Market Referendum bonds which funded park improvements and construction of the ftre stations also incrementally increases each year. ill 2013, the bonds for ftre station #1 mature which results in a reduction in debt levy in 2014. The debt service for 2011 is already established. Bonds were issued in 2010 for the CR12 Phase III, CR21 Extension, CR42/McKenna illtersection Signal, and Shady Beach, Rustic Road and Lords Street resurfacing projects. The ftrst levy associated with the 2010 bond issue will be in 2011. The CIP projects will impact the debt service levy beginning in 2012. The anticipated bond payments on debt issued in conjunction with these projects along with payment adjustments on current bonds will result in an increased debt service levy of approximately $199,724 for 2012, $144,687 for 2013, and $138,326 for 2015. The 2014 debt service levy would have increased but, due to the ftre station #1 bonds maturing in 2013, the overall impact is a decrease. Page 3 of 3 FUTURE INFORMATION Please incorporate any additional long-term plans approved by the Prior Lake City Council in this section of the Capital Improvement Program.