HomeMy WebLinkAbout10C - 2002-2006 CIP
STAFF AGENDA REPORT
MEETING DATE:
AGENDA #:
PREPARED BY:
AGENDA ITEM:
MAY 21, 2001
10 C
RALPH TESCHNER, FINANCE DIRECTOR
CONSIDER APPROVAL OF A RESOLUTION APPROVING THE 2002-
2006 CAP IT AL IMPROVEMENT PROGRAM (CIP)
DISCUSSION:
History
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, an Equipment Matrix is included which identifies
the City's equipment needs and establishes a regular replacement schedule.
Earlier a draft copy of the 2002-2006 Capital Improvement Program was
distributed for your review so you would have more opportunity to become
familiar with the proposed projects. 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 demands showing the beginning and the ending position of
those capital funds which provide the underlying financing ofthe projects.
On May 7, 2001 a work session was conducted whereby the Council had
the opportunity to review, discuss and provide direction to Staff on specific
items the Council wished to change. There were seven key elements that
were addressed with the remaining program improvements supported by
the council as a whole.
Current Circumstances
At the conclusion of the work session, Staff prepared the following list of
recommended changes to the CIP program and updated the CIP document
to incorporate these amendments:
16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER
r-' T
Economic Developmentw .. . ......,
. Include a general category of "Community Redevelopment" that will
continue beyond the immediate framework of the downtown I
renovation plans subject to a "TBD" project cost in the years 2003 -
! 2006.
:~~;~!<!!~p~i~~~!~iit
.! Delete the water playground equipment scheduled for Sand Point and .
· Watzl's Beach in 2003.
.... ;'Moveti1eskiteboardfacii;tyupfl:oi112004to209~....'. .'.:
.: Change the Northwood park site designation in 2005 to General
~~~~I~l'l~~~q~~~i~i?l'l~i!:~~t~~I?~~~l()l:I:~~l'l?~:>,~t?~~l'l~~~.~~:il'l~?:.
j"'..j5.u.J;iic....iVo.,=jiS...... ............ . ....... ... ..... ..~.
,.............,. ............................................. ..................................... .m.'..... .......... ... .... ... ....... . ........... ........... ....... . ........ ....................................................... .....................................................................................
: .' Move the Ring Road improvement project forward into the 2002 CIP
and increase the improvement project amount by $125,000 from
$1,975,000 to $2,100,000 to include construction of a stormwater
~~~i()l'l~!p()l'l~:......
.! Increase the municipal well cost in 2004 to $750,000.00
~]~~I~t~!~~...pi?P?~.~.~....~~i.~i..t~~~!~i~~!p~~;i!;n."2006.
Also enclosed is a revised Capsule Project Summary which presents a list
of all the proposed 2002-06 CIP projects as amended. 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 2002. Those
improvements selected for bonding will affect the property taxes payable in
2003. 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
2002) should be eliminated now so they do not generate public expectation
and also to avoid unnecessary City effort and expense.
Conclusion
At the meeting the appropriate department heads will be present to answer
further questions about the Capital Improvement Program. Following
Council approval of the Capital Improvement Program, Engineering 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.
H:\CIP\CIPAGEN.DOC
2
FISCAL IMPACT:
ALTERNATIVES:
H:\CIP\CIP AGEN.DOC
1- i
In reviewing the draft 2002-2006 Capital Improvement Program, the
Council should consider the annual tax impact of the scheduled projects.
While state imposed levy limits will probably be in effect for payable 2002,
debt levies associated with our capital improvement program are exempt.
The City Council's property tax reduction goal for next year, which is more
restrictive than the statewide levy limits, limits the number and timing of
tax funded projects in the CIP program.
The major projects proposed for 2002 that involve a property tax levy are
listed below along with their respective tax impact:
::::~~:?I~~:~::P.:~~~:~i.~!i.~~:::::::::::::::::::::::::::::::::::::::::r::::::~:~~f~~!::~~~~:::::I:~:i:~~::!~~:~~:I.I.i.~:~~:~~::::J
i i \ $ \ % [
:"'pIxXe'.Po~~t"ke';d~e'cons.~~.t;.~'~"""r"'''''''''''''''''''''$.640)).0'0..T.....$.1'4...8.4......"......1":"9"3%......[
. ....
........................................................................................................................................................................................................................................
. ....
. ....
L!:~!~~~::::::::::::::::::::::::::::::.::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::.:.:~~~~~~:~:~::I::::~:~A~~~::::::r:::::~:~?~:'?~:::J
Listed below is a year by year tax recap if all the projects that include a tax
levy were implemented. The Scott County Assessor has estimated the
average Prior Lake market value of a home to be approximately $175,000.
This typical value has been utilized for purposes of calculating the
following tax impact.
*(A 2001 base tax of $767.37 [City portion) was utilized to compute the
beginning percentage increases. BudgetalJ! 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
growth.)
Project Year and Levy Amount
Tax Impact
$ %
$14.84 1.93%
$12.69 1.62%
$13.41 1.69%
$11.25 1.39%
$12.93 1.58%
2002
2003
2004
2005
2006
$640,000
$550,000
$600,000
$510,000
$600,000
The annual tax impact is fairly balanced over the course of the CIP years.
As to the Equipment Matrix, the annual property tax remains level over the
matrix years as a result of the Council's efforts to lower property taxes. The
Equipment Matrix also has, as one of its funding sources, an annual transfer
of $50,000 from the Enterprise Fund that is adjusted semi-annually because
a significant portion of the equipment serves the Water and Sewer
departments.
The following alternatives are available for Council consideration:
3
RECOMMENDA TION:
RECOMMENDED
MOTION:
REVIEWED BY:
Attachments:
H:\CIP\CIPAGEN.DOC
1. Approve the proposed 2002-2006 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 2002-2006 Capital Improvement Program as per Council
determination.
Staff recommends Alternative #1. While it is important that the Capital
Improvement Program be adopted expeditiously, it is equally important that
the Council be comfortable and supportive of the proposed projects and
their tax consequences. Once the CIP is approved the Engineering
Department will return to the Council for authorization to begin the
feasibility study for those projects scheduled for 2002.
esolution Approving the 2002-2006 Capital
submitted.
1. A Resol on A rov g the 2002-2006 Capital Improvement Program
2. Revised "C sule Project SummalY"
4
MOTION BY:
WHEREAS,
WHEREAS,
WHEREAS,
WHEREAS,
WHEREAS,
WHEREAS,
RESOLUTION Ol-XX
RESOLUTION APPROVING THE
2002-2006 CAPITAL IMPROVEMENT PROGRAM
SECOND BY:
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
An Equipment Matrix has been incorporated into the Capital Improvement Program
which is intended to identify the City's equipment needs and provide a regular
replacement schedule; and
The Capital Improvement Program is a flexible planning document that attempts to
balance the financial resources of the City with its needs; and
The establishment of a Capital Improvement Program will provide appropriate
information to manage capital change within the City of Prior Lake; and
It is intended for the Capital Improvement Program to be established for a period of
five (5) years and to be updated annually; and
the City Council carefully reviewed each element of the Capital Improvement
Program at a work session on May 7, 2001 suggested amendments to the document.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, that the
2002-2006 Capital Improvement Program is hereby approved.
Passed and adopted this 21st day of May, 2001.
{Seal}
YES
NO
Mader
Ericson
Gundlach
Petersen
Schenck
Mader
Ericson
Gundlach
Petersen
Schenck
City Manager
City of Prior Lake
H.ICIPICIP02RES.DOC
16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER
I I 11
[' -
CAPSULE PROJECT SUMMARY
5/21101
2002 CIP PROJECTS
City Cost
Project Description Project Amount Financing Tax Impact
QQ!@L Percentage
Economic Development Authority
1. Oowntown Reconstruction of Main Avenue "TBO" "TBO"
Park Department
(DeveloDment)
2. Outfield Fencing - Memorial Park 10,000.00 10,000.00 c.p.
3. Park Entrance Signs 10,000.00 10,000.00 c.p.
4. Park Appurtenant Equipment 15,000.00 15,000.00 c.p.
5. Picnic Shelter - Wilds Park 15,000.00 15,000.00 c.p.
6. Basketball Court - OeerfieldlWilds Park 18,000.00 18,000.00 c.p.
7. Parking Lot - Wilds Park 20,000.00 20,000.00 c.p.
8. Portable Bleachers 35,000.00 35,000.00 c.p.
9. Parking Lot Lighting - Ponds Park 40,000.00 40,000.00 c.p.
10. Playgrounds - Oeerfield, Fairway Hghts 60,000.00 60,000.00 C.p.
(Trails)
11. Sand Point, Wilds & Lords Street 50,000.00 50,000.00 c.p.
Public Works
(Buildinos/PlanO
12. Lords Street Bridge Safety Renovation 30,000.00 30,000.00 m.s.
13. Lift Station SCAOA Telemetry System 50,000.00 50,000.00 t.r.
14. Lift Station Renovation 120,000.00 120,000.00 t.r.
15. Water Meter Change-out Program 425,000.00 425,000.00 u.f.
16. Water Tower Painting (Tower St.) 550,000.00 550,000.00 u.f.
(Improvements)
17. Trunk Watermain (Fountain Hills) 30,000.00 30,000.00 t.r.
18. Trunk Watermain (CSAH 21 north of Carriage Hills) 125,000.00 125,000.00 t.r. (*)
19. Trunk Watermain (CSAH 83 south of CSAH 42) 145,000.00 145,000.00 t.r.
20. McKenna Road Street Construction 200,000.00 200,000.00 m.s.
21. Fountain Hills Drive extension (thru Jeffers prop.) 200,000.00 200,000.00 m.s.
22. Trunk S&W Main (CSAH 42 west of CSAH 21 to 83) 700,000.00 700,000.00 t.r.
23. Pixie Point - Green Oaks Street Reconstruction 1,265,000.00 640,000.00 14.84 1.93%
425,000.00 s.a
200,000.00 t.r.
24. Ring Road Construction (Phase 1 ) 2,100,000.00 125,000.00 t.r.
200,000.00 s.a
270,000.00 C.s.
575,000.00 u.f.
930,000.00 m.s.
Water Resources
(/mDrovements)
25. Lake Bank Stabilization (Island View) 20,000.00 20,000.00 S.w.
26. Creekside Circle Channel Stabilization 40,000.00 40,000.00 S.w.
27. Storm Drainage Improvements 80000.00 80 000.00 s.w.
Totals ... 6,353,000.00 6,353,000.00
Financing Source Summary Project Amount Tax Impact
Dollar Percentage
$ Project Tax Levy 640,000.00 $14.84 1.93%
u.f. Sewer & Water Utility Fund 1,550,000.00
s.w. Storm Water Utility Fund 140,000.00
c.p. Capital Park Fund 273,000.00
t.r. Trunk Reserve Fund 1,495,000.00
c.s. Collector Street Fund 270,000.00
m.s. Municipal State Aid 1,360,000.00
s.a. Special Assessments 625 000 00
Totals ... 6,353,000.00
(*) possible construction in 2001
8
CAPSULE PROJECT SUMMARY
5/21/01
2003 CIP PROJECTS
City Cost
Project Description Project Amount Financing Tax Impact
Q.QlJ.aL Percentage
Economic Development Authority
1. Community Redevelopment "TBO" "TBO"
Park Department
(Developmen(J
2. Basketball Court - Boudins 9,000.00 9,000.00 c.p.
3. Batting Cage - Memorial Park 10,000.00 10,000.00 c.p.
4. Park Entrance Signs 10,000.00 10,000.00 c.p.
5. Park Appurtenant Equipment 15,000.00 15,000.00 c.p.
6. Portable Bleachers 15,000.00 15,000.00 c.p.
7. Skateboard/Bike Facility 25,000.00 25,000.00 C.p.
8. Gazebo - Lakefront Park 30,000.00 30,000.00 C.p.
9. Picnic Shelters (3) - Jeffers 60,000.00 60,000.00 C.p.
10. Parking Lot Lighting - Lakefront Park 110,000.00 110,000.00 c.p.
tmi1sl
11. Jeffers Pond Development 75,000.00 75,000.00 c.p.
Public Works
(Buildings/PIanO
12. Aerial Photography Update 30,000.00 30,000.00 t.r.
13. Lift Station Renovation 120,000.00 120,000.00 tr.
14. Water Tower Interior Painting (Crest Ave.) 290,000.00 290,000.00 u.f.
15. Water Meter Change-out Program 425,000.00 425,000.00 u.f.
(ImDrovementsJ
16. 150th Street Overlay (west section) 115,000.00 70,000.00 1.62 0.21%
45,000.00 s.a
17. Carriage Hills Parkway Connection to Sand Pt. 200,000.00 200,000.00 c.S.
18. Fish Point Road West Reconstruction 1,000,000.00 480,000.00 11.07 1.41%
320,000.00 s.a
200,000.00 t.r.
Water Resources
(lmprovementsJ
19. Storm Water Pond Dredging 20,000.00 20,000.00 S.w.
20. Lake Bank Stabilization 30,000.00 30,000.00 S.w.
21. Storm Drainage Improvements 60 000 00 60 000 00 s.w.
Totals ... 2,649,000.00 2,649,000.00
Financing Source Summary Project Amount Tax Impact
.Q.Q.l!.ar Percentage
$ Project Tax Levy 550,000.00 $12.69 1.62%
u.f. Sewer & Water Utility Fund 715,000.00
s.w. Storm Water Utility Fund 110,000.00
c.p. Capital Park Fund 359,000.00
t.r. Trunk Reserve Fund 350,000.00
c.s. Collector Street Fund 200,000.00
s.a. Special Assessments 365 000.00
Totals n. 2,649,000.00
9
IT
CAPSULE PROJECT SUMMARY
5/21/01
2004 CIP PROJECTS
City Cost
Project Description Project Amount Financing Tax Impact
Q.Q1l.aL Percentage
Economic Development Authority
1. Community Redevelopment "TBD" "TBD"
Park Department
(Develoomen{)
2. Park Entrance Signs 10,000.00 10,000.00 c.p.
3. Park Appurtenant Equipment 15,000.00 15,000.00 c.p.
4. Picnic Shelters (2) - Northwood/Cardinal Ridge 35,000.00 35,000.00 c.p.
5. Sand Point Bathhouse Remodel 65,000.00 65,000.00 c.p.
Public Works
(Buildings & Plant)
6. Lift Station Renovation 120,000.00 120,000.00 t.r.
7. Municipal Well 750,000.00 750,000.00 t.r.
(/morovementsJ
8. Trunk Watermain (Fish Point Rd Ex!. to CSAH 21) 50,000.00 50,000.00 t.r.
9. Trunk Watermain (CSAH 42 from CSAH 83 to W. Limit) 125,000.00 125,000.00 t.r.
10. CSAH 12 coop share (storm, curb, lights, trails) 500,000.00 200,000.00 t.r.
300,000.00 c.S.
11. Gateway Shores Street Reconstruction 1,200,000.00 600,000.00 13.41 1.69%
400,000.00 s.a
200,000.00 t.r.
12, TH 13 Intersection Imp. (Ring Road - CSAH 23) 1,775,000.00 60,000.00 s.a
320,000.00 uJ.
195,000.00 c.S.
400,000.00 m.s.
800,000.00 i.g.
Water Resources
(Improvements)
13. Lake Bank Stabilization 20,000.00 20,000.00 S.w.
14. Storm Water Pond Dredging 20,000.00 20,000.00 S.w.
15. Storm Drainage Improvements 40 000.00 40 000.00 s.w.
Totals ... 4,725,000.00 4,725,000.00
Financing Source Summary Project Amount Tax Impact
QQ1lar Percentage
$ Project Tax Levy 600,000.00 $13.41 1.69%
u.f. Sewer & Water Utility Fund 320,000.00
s.w. Storm Water Utility Fund 80,000.00
c.p. Capital Park Fund 125,000.00
t.r. Trunk Reserve Fund 1,245,000.00
c.s. Collector Street Fund 495,000.00
m.s. Municipal State Aid 400,000.00
s.a. Special Assessments 660,000.00
Lg. Intergovernmental 800000.00
Totals ... 4,725,000.00
10
CAPSULE PROJECT SUMMARY
5/21/01
2005 CIP PROJECTS
City Cost
Project Description Project Amount Financing Tax Impact
.QQ11aL Percentage
Economic Development Authority
1. Community Redevelopment "TBO" "TBO"
Fire Department
(Buildinr;s & Plan(J
2. 110' Aerial Ladder Platform Firetruck 900,000.00 900,000.00 g.o.
3. Satellite Fire Station 1,000,000.00 1,000,000.00 g.o.
Park Department
(Develoomen(J
4. Park Entrance Signs 10,000.00 10,000.00 c.p.
5. Park Appurtenant Equipment 15,000.00 15,000.00 C.p.
6. Picnic Shelter - Watzl's Point Beach 20,000.00 20,000.00 c.p.
(Land Acquisition)
7. General Parkland site area 250,000.00 250,000.00 c.p.
Public Works
(Buildings & PlantJ
8. utt Station Renovation 120,000.00 120,000.00 1.r.
9. Water Tower Exterior Painting (Crest Ave.) 300,000.00 300,000.00 uJ.
(/morovements)
10. Trunk Watermain (CSAH 18) 200,000.00 200,000.00 1.r.
11. CSAH 21 N. Coop Share (storm sewer, curb, lights) 500,000.00 200,000.00 1.r.
300,000.00 c.S.
12. 150th S1. Recon (TH 13 to Fairlawn Shores Trl) 1,400,000.00 510,000.00 11.25 1.39%
Mitchell Ponds Street Reconstruction 340,000.00 s.a
250,000.00 m.s.
300,000.00 1.r.
13. TH 13 Intersection Imp. (Boudins, 150th.CSAH 44) 3,150,000.00 1,750,000.00 Lg.
900,000.00 m.s.
500,000.00 c.s.
Water Resources
(/morovements)
14. Lake Bank Stabilization 20,000.00 20,000.00 S.w.
15. Storm Water Pond Dredging 20,000.00 20,000.00 S.w.
16. Storm Drainage Improvements 40 000 00 40000.00 s.w.
Totals ... 7,945,000.00 7,945,000.00
Financing Source Summary Project Amount Tax Impact
QQ!J..ar Percentage
$ Project Tax Levy 510,000.00 $11.25 1.39%
u.f. Sewer & Water Utility Fund 300,000.00
s.w. Storm Water Utility Fund 80,000.00
c.p. Capital Park Fund 295,000.00
t.r. Trunk Reserve Fund 820,000.00
c.S. Collector Street Fund 800,000.00
m.s. Municipal State Aid 1,150,000.00
s.a. Special Assessments 340,000.00
Lg. Intergovernmental 1,750,000.00
g.o. G.O. Referendum Bonds 1 900 000 00
Totals ... 7,945,000.00
11
IT
CAPSULE PROJECT SUMMARY
5/21/01
2006 CIP PROJECTS
City Cost
Project Description Project Amount Financing Tax Impact
QQ.\J.aL Percentage
Economic Development Authority
1. Community Redevelopment "TBD" "TBD"
Park Department
(Develooment!
2. Park Entrance Signs 10,000.00 10,000.00 c.p.
3. Park Appurtenant Equipment 15,000.00 15,000.00 c.p.
Public Works
(Buildings & Plant!
4. Lift Station Renovation 120,000.00 120,000.00 t.r.
(ImorovementsJ
5. Conroy/Shady Beach Street Reconstruction 1,225,000.00 600,000.00 12.93 1.58%
400,000.00 s.a
225,000.00 t.r.
Water Resources
(ImorovementsJ
6. Lake Bank Stabilization 30,000.00 30,000.00 s.w.
7. Storm Water Pond Dredging 20,000.00 20,000.00 s.w.
8. Storm Drainage Improvements 40 000 00 40 000 00 s.w.
Totals ... 1,460,000.00 1,460,000.00
Financing Source Summary Project Amount Tax Impact
Q.Qllar Percentage
$ Project Tax Levy 600,000.00 $12.93 1.58%
s.w. Storm Water Utility Fund 90,000.00
c.p. Capital Park Fund 25,000.00
t.r. Trunk Reserve Fund 345,000.00
s.a. Special Assessments 400000.00
Totals ... 1,460,000.00
12
1.111
CAPSULE PROJECT SUMMARY
5/21/01
2002-06 CIP PROJECT FINANCING SOURCE TOTALS
Financing Source Amount
$ Project Tax Levy 2,900,000.00
u.C. Sewer & Water Utility Fund 2,885,000.00
s.w. Storm Water Utility Fund 500,000.00
c.p. Capital Park Fund 1,077,000.00
t.r. Trunk Reserve Fund 4,255,000.00
c.s. Collector Street Fund 1,765,000.00
m.s. Municipal State Aid Fund 2,910,000.00
s.a. Special Assessments 2,390,000.00
Lg. Intergovernmental 2,550,000.00
g.o. G.O. Referendum Bonds 1.900.000.00
Totals ... 23,132,000.00
13
FINANCING FUNDS PROJECTIONS
5/21/01
(Needs vs. Available Dollars)
2001-2006
1/1/01 Fund Six-Year Revenue CIP Construction 1/1/07 Projected
Financinq Source Request Balances Proiection Oemands* Cash Balances
Sewer/Water Utility Fund $ 4,015,000.00 $ 1,200,000.00 $ 3,110,000.00 $ 2,105,000.00
Storm Water Utility Fund $ 180,000.00 $ 1,005,000.00 $ 690,000.00 $ 495,000.00
Capital Park Fund $ 1,135,000.00 $ 1,840,000.00 $ 1,425,000.00 $ 1,550,000.00
Trunk Reserve Fund $ 2,410,000.00 $ 3,295,000.00 $ 4,405,000.00 $ 1,300,000.00
Collector Street Fund $ 1,660,000.00 $ 600,000.00 $ 1,765,000.00 $ 495,000.00
Municipal State Aid Fund $ 1,345,000.00 $ 2,100,000.00 $ 2,910,000.00 $ 535,000.00
Project Tax Levy $ 3,500,000.00 $ 3,500,000.00
Special Assessments $ 2,765,000.00 $ 2,765,000.00
Intergovernmental $ 2,550,000.00 $ 2,550,000.00
G.O. Referendum Bonds $ 1,900,000.00 $ 1,900,000.00
Water Revenue Bonds $ 6,500,000.00 $ 6,500,000.00
TOTALS... $ 10,745,000.00 $ 27,255,000.00 $ 31,520,000.00 $ 6,480,000.00
FOOTNOTES:
CIP Exnenditures:
*Constluction demands... include YI. 200 I CIP
Revenue Growth Assumntions (six vears):
S/W ... 1/1/01 fund balance plus $1,200,000
Stormwater... 1/1/01 fund balance plus $155,000/yI. + $5,000 annual increment increases
Capital Park... 1/1/01 fund balance plus 1,000 permits @ $850.00 and 600 new lots @ $1,650.00
Trunk Reserve Fund... 1/1/01 fund balance plus 400 ac. @$3500/ac. & $2943/ac. + 1200 pern1its @ $600.00
Collector Street Fund... 1/1/01 fund balance plus 400 ac. @ $1500/ac.
Municipal State Aid... Construction balance of$I,345,000 +1~350,000 annual allocation