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Home My WebLink About8A Capital Imp Project Draft I: _...._._..... I AGENDA #: PREPARED BY: SUBJECT: DATE: INTRODUCTION: DISCUSSION: 8A RALPH TESCHNER FINANCE DIRECTOR CONSIDER APPROVAL OF 1995-1999 CAPITAL IMPROVEMENT PROGRAM JULY 18, 1994 Annually the City prepares a capital improvement program which is designed to identify infrastructure improvements which are necessary as a result of primarily two factors; community growth and replacement consideration. Attached is the 1995-99 CIP (Capital Improvement Program) which contains those improvements necessary to maintain a progressive community. Such projects include not only city initiated improvements but anticipated County and State road improvements as well. In some cases they involve a financial responsibility on behalf of Prior Lake while in others they may not. In addition, capital equipment purchases have been reinstated into the CIP this year because equipment certificates are anticipated to be issued next year. Also included is a condensed project summary sheet (see yellow attachment entitled "Reference Summary") that presents a list of projects by year along with a financing source recap. This capsule summary should be helpful for the Council to refer back and forth between years as a quick reference guide. It is important for the Council to recognize that the document is a flexible planning tool that is affected by a number of governmental agencies plus a significant impact by the Shakopee Mdewakanton Dakota Community. The Council should critically review those proposed projects for 1995. These improvements selected for bonding will affect the property taxes in 1996. 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 should be eliminated now so they do not generate public expectation or demand and also to avoid unnecessary staff effort and expense. Engineering will follow up the Council decision with respect to project delineation by preparing a feasibility report soon after. Adequate lead time is extremely important for surveying, right of way acquisition and 'engineering to obtain the best possible bids which is generally early in the year. 4629 Dakota St. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245 AN EQUAL OPPORTUNITY EMPLOYER 'T r .' . ALTERNATIVES: Subsequent years in the CIP are more important from a plan perspective than an implementation schedule. However, of equal importance is to balance the tax resources as much as possible. Under the project levy column of the Reference Summary, where the financing sources are outlined, is the cumulative property tax impact by dollar and percentage. The major projects proposed for 1995 and their individual associated tax impact are as follows: Project Description Project Levy City Tax Impact Priority Titus Street Improvements $18,000 Grainwood Crossing Restrooms $30,000 Lakefront Park Paving $150,000 Ridgemont Avenue $160,000 CSAH 42 west ofCSAH 18 $200,000 Street Overlay Program $480,000 $ 0.60 - 0.09% M1 $ 1.01 - 0.15% HI $ 5.03 - 0.77% M2 $ 5.36 - 0.82% H2 $ 6.70 - 1.03% HI $16.08 - 2.46% HI $34.78 - 5.32 % Totals ... $1,038,000 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 home in 1994 to be approximately $120,000 which is revised upwards from last year's amount of $110,000. The new typical value has been utilized for purposes of calculating the following tax impact. (A 1995 base tax of $654.02, which was adjusted to include the tax increase for the $800,000 General Obligation Improvement bonds recently approved, 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 elp. Also this model assumes an annual 3% tax capacity valuation growth.) Project Year and Levy Amount Tax Impact 1995 ... $1,038,000 1996... $ 980,000 1997 ... $ 920,000 1998 ... $ 660,000 1999... $ 715,000 $34.78 - 5.32% $31.92 - 4.63% $29.06 - 4.03% $20.33 - 2.71 % $21.34 - 2.77% Each of the above amounts represent first year tax increases which gradually slide downwards over the the ten year term of the bond issues due to valuation growth. Therefore the beginning tax base of $654.02 would actually increase to $782.54 by the year 2000. The total increase of $128.52 represents an annualized percentage increase during the course of the 1995-99 CIP of 3.93%. The appropriate department heads will present project summation of those improvements which would come under their departmental responsibility. The Council should carefully examine the proposed projects, focusing particularly upon those scheduled for 1995. RECOMMENDATION: ACTION REQUIRED: REVIEWED BY: A94II.WRT The following alternatives are available for Council consideration: 1. Provide direction to the staff to modify the proposed program to mitigate annual tax increases while insuring appropriate maintenance of public infrastructure. 2. Amend the 1995-1999 Capital Improvement Program as per Council determination. 3. Approve the proposed 1995-1999 Capital Improvement Program as submitted. 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. The August 1st Council meeting looks to be a long meeting. If the Council wishes to study the CIP in more detail it would be appropriate to establish a workshop to further this matter. In either event, it is necessary for the Engineering department to begin the feasibility study as soon as possible for those ~ects schyduled for 1995. , ( I nqcti'\5to \aff ~garding the 1995-1999 Capital Improvement Program. .1t L,"' I f/., l---- Project Description L 2. Fire DeoartInent. (Equipment) Bunker Turnout Gear Pumper Fire Truck Park Deoarlment. (Equipment) Tractor (60 HP) Dump Truck (Tandem) Toro Mower (16') (Developments) Basketball Courts Open Air Park Shelters (5) Grainwood Crossing Restrooms Neighborhood Parks; Carriage Hills Woodridge Estates Westbury Ponds Lakefront Park Paving (Trails) Knob Hill Wilds (Land) 3. 4. 5. 6. 7. 8, 9, 10. II. 12. Public Works: (Equipment) 13. Wing & Plow 14. Tractor Backhoe 15. Front-end Loader 16. VacuunVJetterTruck (Facility) 17. Sand/Salt Storage Facility 18. Maintenance Building (Improvements) 19. Repaint Signals (CSAH 42/44) 20. Televise & Seal Sanitary 21. TItus Street Improvements 22. Pike Lake Trail 23. CSAH 21/42 Watennain 24. Ridgemont Avenue 25. Street Overlay Program 26. CSAH 42 west of CSAH 18 27. CSAH 83 Water Resource: (Improvements) 28. Fish Point Park Drainage Channels Totals... Financing Source Summary: Project Levy. Equipment Certificates GenerallUtility Fund Balance Contributions Capital Park Fund Operating Budget MSA Funds Trunk Reserve Fund Developer Special Assessments Utility Fund Intergovernmental · 1996 Taxes Cll'Ol.WRT REFERENCE SUMMARY 1995 CIP PROJECTS Project Amount Tax Impact DoUarPercentage 5,000.00 o.b. 190,000.00 e.f 36,000.00 eJ 65,000.00 e.f 67,000.00 e.f 10,000,00 c.p. 25,000.00 c.p. 30,000.00 1.01 30,000.00 c.p, 150,000.00 4.03 12,000.00 c.p. 50,000.00 c.p. -% 0.15% 0.77% 15,000.00 eJ. 75,000.00 f.b, 100,000.00 e.f. 180,000.00 f.b. 100,000.00 u.f. 2,650,000.00 u.f. 18,000.00 o.b. 30,000.00 o.b. 45,000.00 .60 0.09% 325,000.00 s.a. 330,000.00 I.r. 265,000.00 5.36 0.82% 1,200,000.00 16.08 2.46% 1,200,000.00 6.70 1.03% 4,000,000.00 d.c. 70.000 00 o.b. $11,473,000.00 1,038,000,00 473,000.00 355,000.00 105,000.00 122,000.00 123,000.00 200,000.00 330,000.00 400,000.00 977,000.00 2,750,000.00 4.600.000 00 $11,473,000.00 34.78 5.32% Legend c.p.-capital park e.f.-equipment fund f.b.-fund balance o.b.-operating budget s.a.-special assessments I.r.-trunk reserve u.f.-utility fund .- '"1'-''' _ . CIPOI.WRT Project Description I. 2. 3. Fire Deoarlment: (Equipment) Bunker Turnout Gear Bulk Tank Truck Pumper Fire Truck (Facility) Satellite Fire Station 4, 5. 6, 7. 8. 9. 10. II. Park Denarlment. (Developments) Basketball Courts Open Air Park Shelters (5) Neighborhood Parks; Memorial Park Restrooms The Pond Irrigation The Pond Field ExpansionlLighting Lakefront Park Expansion Public Works: (Improvements) Televise & Seal Sanitary Street Overlay Program CSAH 44 12. 13. 14. 15. Water Resource' (Improvements) Fish Point Park Water Quality Imp. Totals... Financing Source Summary Project Levy Referendum Contributions Capital Park Fund Operating Budget MSA Funds Special Assessments Intergovernmental REFERENCE SUMMARY 1996 CIP PROJECTS Project Amount 5,000.00 100,000,00 160,000.00 TBD 10,000.00 25,000.00 30,000.00 50,000.00 100,000.00 325,000.00 400,000.00 30,000.00 1,500,000.00 1,450,000.00 30 000 00 $4,215,000.00 Project Amount 980,000.00 1,085,000.00 5,000.00 60,000.00 65,000.00 170,000.00 900,000.00 950 000 00 $4,215,000.00 Tax Impact Dollar Percentage 31.92 4,63% <,_..~..--"." -.........--....'..-.... YT 2. 3. 4. 5. 6. 7. 8. 9. CIPOl.WRT Project Description 1. Fire Deoarlment: ( Equipment) Bunker Turnout Gear Park D~Oarlment: (Developments) Basketball Courts Open Air Park Shelters (5) Neighborhood Parks; Public Works: (Equipment) Leak Detection Sensors (Improvements) Televise & Seal Sanitary Fish Point Road to CSAH 21 Street Overlay Program CSAH 21 north ofCSAH 82 10. 11. Water Resource: (Improvements) Pond Dredging Sand Point Park Water Quality Imp. Totals... Financing Source Summary Project Levy Contributions Collector Street Fund Capital Park Fund Operating Budget MSA Funds Special Assessments Intergovernmental REFERENCE SUMMARY 1997 CIP PROJECTS Project Amount 5,000.00 10,000.00 25,000.00 30,000.00 15,000.00 30,000.00 345,000.00 1,550,000.00 2,350,000.00 20,000.00 30.000.00 $4,410,000.00 Project Amount 920,000.00 5,000.00 55,000.00 60,000.00 100,000.00 690,000.00 930,000.00 I 650 000 00 $4,410,000.00 Tax Impact Dollar PerCentage 29.06 4.03% 'T T" T' . CIPOI.WRT Project Description 1. Fire Deoartment: (Equipment) Bunker Turnout Gear 2. 3. 4. Park Deoartment: (Developments) Basketball Courts Open Air Park Shelters (5) Neighborhood Parks; 5. 6. 7, Public Works: (Improvements) Televise & Seal Sanitary Street Overlay Program CSAH 42 west to city limits 8. Water Resource: (Improvements) Pond Dredging Financing Source Summary Project Levy Contributions Operating Budget Capital Park Fund Special Assessments Intergovernmental Totals... REFERENCE SUMMARY 1998 CIP PROJECTS Project Amount 5,000.00 10,000.00 25,000.00 50,000.00 30,000.00 1,350,000.00 2,210,000.00 20.000.00 $3,700,000.00 Project Amount 660,000.00 5,000.00 55,000.00 80,000.00 810,000.00 2.090.000 00 $3,700,000.00 Tax Impact Dollar Percentage 20.33 2.71 % . Project Description Fire Deoartment: (Equipment) I. Bunker Turnout Gear 2, Pumper Fire Truck Park Deoartment. (Developments) 3. Basketball Courts 4. Open Air Park Shelters (5) 5. Neighborhood Parks; Public Works' (Improvements) 6. Televise & Seal Sanitary 7. Street Overlay Program 8. New Municipal Well 9. Carriage Hill Road Extension 10, T.H. 13 Channelization Water Resource: (Improvements) II. Pond Dredging Totals... Financing Source Summary Project Levy Equipment Certificates Contributions Operating Budget Collector Street Fund Capital Park Fund MSA Funds Trunk Reserve Fund Special Assessments Intergovernmental CIPOI.WRT REFERENCE SUMMARY 1999 CIP PROJECTS Project Amount 5,000.00 200,000.00 10,000.00 25,000.00 50,000.00 30,000.00 1,785,000.00 400,000.00 450,000.00 5,500,000.00 35.000.00 $8,490,000.00 Project Amount 715,000.00 200,000.00 5,000.00 55,000.00 75,000.00 80,000.00 375,000.00 400,000.00 1,070,000.00 5.500.000.00 $8,490,000.00 Tax Impact Dollar Percentage 21.34 2.77% .._..._H........ -,...,..,,--'~~ 91 MEMORANDUM TO: FROM: DATE: Mayor and City Council Frank Boyles, City Manager July 18, 1994 Resolution 94-39 for Agenda Item 78 (Carriage Hills) SUBJECT: Attached is Resolution 94-39 for inclusion with Item 78 for the July 18 meeting. This item was not completed by Engineering prior to the time the agenda packets were delivered. RS9439. WRT 4629 Dakota St. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245 AN EQUAL OPPORTUNITY EMPLOYER - RESOLUTION 94-39 RESOLUTION RELATING TO PARKING RESTRICTIONS ON S.A.P. 201-106-03 ON CARRIAGE HILLS PARKWAY FROM CSAH 21 TO PIKE LAKE TRAIL IN THE CITY OF PRIOR LAKE, MINNESOTA MOTION BY: SECONDED BY: WHEREAS, the "City" has planned the improvement of MSAS 106 (Carriage Hills Parkway) from CSAH 21 to Pike Lake Trail; WHEREAS, the "City" will be expending Municipal State Aid Funds on the improvement of this Street, and; WHEREAS this improvement does not provide adequate width for parking on both sides of the sU'eet; and approval of the proposed construction as a Municipal State Aid SU'eet project must therefore be conditioned upon certain parking restrictions. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA, that the "City" shall ban the parking of motor vehicles on both sides on MSAS 106 (Carriage Hills Parkway) from CSAH 21 to Pike Lake Trail. Passed and adopted this _ day of , 1994, YES NO Andren Greenfield Kedrowski Schenck Scott Andren Greenfield Kedrowski Schenck Scott Frank Boyles City Manager City of Prior Lake { Seal} 4629 Dakota St. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245 AN EQUAL OPPORTUNITY EMPLOYER T T