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HomeMy WebLinkAbout7B 2016-2020 CIP & Street Reconstruction Plan o pRIo4 ti 4646 Dakota Street SE Prior Lake, MN 55372 41zivNESOKt. CITY COUNCIL AGENDA REPORT MEETING DATE: AUGUST 10, 2015 AGENDA#: 7B PREPARED BY: LARRY POPPLER, CITY ENGINEER/ INSPECTIONS DIRECTOR KATY GEHLER, PUBLIC WORKS/NATURAL RESOURCES DIRECTOR CATHY ERICKSON, ACCOUNTING MANAGER PRESENTED BY: LARRY POPPLER, KATY GEHLER, CATHY ERICKSON AGENDA ITEM: CONDUCT A PUBLIC HEARING TO CONSIDER APPROVAL OF THE 2016-2020 CAPITAL IMPROVEMENT PROGRAM (CIP) AND STREET RECONSTRUCTION PLAN AND CONSIDER APPROVAL OF TWO RESOLUTIONS RELATING TO THE CAPITAL IMPROVEMENT PROGRAM (CIP): 1) APPROVING THE 2016-2020 CAPITAL IMPROVEMENT PROGRAM; 2) APPROVING THE STREET RECONSTRUCTION PLAN DISCUSSION: Introduction The purpose of this agenda item is for the City Council to conduct a public hearing on the proposed projects within the 2016-2020 Capital Improvement Program (CIP) and Street Reconstruction Plan. Because the Street Reconstruction Plan proposes to utilize bonds issued under State Statute 475.58 for street reconstruction, a public hearing for purposes of reviewing the street reconstruction plan is required. For the purposes of this agenda item and the public hearing the CIP includes the Street Re- construction Plans as a part of the overall City Transportation Plan. History One of the city's primary functions is to provide, maintain and operate the infrastruc- ture our community needs to achieve its long term goals. The Capital Improvement Program is the city's singular most important long term financial planning tool in- tended to accomplish this objective. The CIP is updated on an annual basis. The CIP is designed to identify infrastruc- ture improvements and the associated funding sources needed due to ongoing maintenance, repair and community growth. Such projects include City-initiated im- provements, county and state road improvements and improvements requested by developers. The following long-term planning documents are also part of the CIP: • Transportation Plan (2016-2025)— identifies the major roadway improvements involving both new and reconstruction projects that need to be coordinated with Scott County. • Equipment Replacement Plan (2016-2027) - identifies the City's vehicle and equipment needs and establishes a regular replacement schedule. • Park Plan (2016-2040)— identifies the equipment replacement demands for about 50 neighborhood parks. • Technology Plan (2015-2025)— identifies hardware and software needs and establishes a regular replacement schedule. • Facilities Management Plan (2016-2035)— identifies major repairs or improve- ments to all City-owned buildings. • Water Plan (2016-2025)— identifies major replacements or additional infrastruc- ture needed to supply water to the City. • Sewer Plan (2016-2025)— identifies major replacements or additional infra- structure needed to collect and discharge sanitary waste from to the City. • Storm Water Management Plan (2016-2025)— identifies major repairs or addi- tional water quality projects treat storm water discharge from to the City. Each plan in the CIP was reviewed with the City Council over a series of Council workshops held on June 8, June 22 and July 13, 2015. Staff provided a detailed overview of the 2016 projects and highlights for the major projects scheduled for 2017-2020 previously at city council workshops. During the Council work sessions, guidance was provided to staff regarding change in the overall tax levy and planned 2016 utility rates. This guidance was used in developing the financial analysis. In order to balance the City's needs and the impact on the tax levy and user rates, ad- justments to the plans were made. Most commonly the changes involved moving projects back in the CIP Schedule. Of course such action has the short term benefit of reducing the cost for that year but experience teaches that construction costs es- calate at a rate greater than the cost of living. Changes are detailed below in the Is- sues section. On July 20, 2016, the Planning Commission reviewed the proposed CIP and adopted a resolution finding that the capital improvements identified in the 2016- 2020 Capital Improvement Program were in compliance with the Comprehensive Plan. A copy of the resolution is attached with this agenda report. Current Circumstances A public hearing is being held today for the purpose of receiving public input on the 2016-2020 CIP. 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 2016 of the 2016-2020 CIP will be incorporated into the 2016 budget. The improvements that are funded in full or partially by tax levies have a direct im- pact on the level of property taxes payable in future years. Bond proceeds are uti- lized to cash flow 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. Conclusion The City Council should hear the staff report regarding the CIP. Following Council questions to staff, the public hearing should be opened by motion and second and remain so until all persons desiring to be heard have spoken. The public hearing 2 should be closed by motion and second, questions raised by the audience should be answered. The Council should then deliberate. Following deliberations the city council could either: 1.)Adopt both the resolution approving the 2016-2020 CIP and Street Reconstruction Plan as proposed, or 2.) Direct the staff to make revisions to one or both documents and the return to the August 24 meeting for city council ac- tion. ISSUES: Subsequent years in the CIP are important from a planning perspective. Our objec- tive 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 Council will be able to issue Street Reconstruction bonds for these projects should it desire. It should be noted that if within 30 days of the Public Hearing a pe- tition signed by at least 5% of the votes cast in the last municipal election is re- ceived the City may only issue Street Reconstruction Bonds after approval of a ref- erendum in accordance with State Statute. This does not affect the issuance of 429 Bonds for reconstruction projects. Approval of the CIP does not constitute final project or purchase approval. Projects or purchases identified in 2016 will be incorporated into the development of the 2016 budget. Projects and all purchases over $20,000 will come back to the City Council for subsequent approvals. All future bonding decisions are made by the City Council, as well. Following Council approval of the Capital Improvement Program, Engineering staff will prepare a feasibility report (if applicable) for those transportation projects identi- fied for next year. Adequate lead time is important for surveying, right-of-way acqui- sition and engineering to obtain the best possible bids, which has generally oc- curred when the City is able to put projects out for bid early in the year. All of the projects included in the CIP will come before the City Council several times prior to final approval. FINANCIAL In reviewing the 2016-2020 Capital Improvement Program, the City Council should IMPACT: consider the annual tax impact of the scheduled projects. The 2016-2020 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 $24,934,020 in bonding for projects in the Transportation Plan for 2016-2020, and the following major facility repairs, equipment replacements and water/sewer plan capital projects by year: Major Facil- Equipment Water& Year ity Repairs ReplacementsSewer Plan 2016 960,000 400,000 950,000 2017 - - 2018 500,000 600,000 2019 - - 15,218,380 2020 - - 3 Major projects scheduled for 2016 which involve a property tax levy (payable 2017) are listed below: Project Description Project Levy 150th and TH 13 $350,000 Duluth Avenue/TH 13 Signal 774,020 Manitou Road 750,000 Appaloosa Trail/Highland Ct 120,000 Raspberry Ridge/Hidden Pond/Black Oak/Timberglade 975,000 Total $ 2,969,020 The following chart reflects all bonding requirements referenced in the CIP except: • Bonding, if any, approved by residents by referendum for community park improvements (identified in the Park Plan) beginning in 2020. In addition, the chart does NOT include bonding that may be associated with large projects that haven't been fully vetted such as: • Replacement of the old maintenance shop • Fire Station #3 (west side of city) The following chart reflects the cumulative effect of new debt issued as indicated in the CIP and the retirement of existing debt. The top line is the resulting debt bal- ance at the end of the year. Projected Debt Balances(All Debt) 08.10.2015 $90.0 $80.0 _. _._... __.. New Debt- WTF82;AMRS 170.0 $60-0 Pay off 2006A 550.0 AEscrow)in 2014 0 E f 540.0 : $30.0 $20.0 $10.0 $0.0 �,A ON' tree ti$3 tike tie,9 e ti551, �M1 rye 10°' -Existny Debt tCanm CIP Debt Projected Debt �.New CIP Debt The following chart reflects the cumulative effect of new debt issued as indicated in the proposed CIP and the retirement of existing debt on a per capita basis. 4 Debt Per Capita p 08.10.2015 e $3,000 29,000 0 b $2,500 28,000 p $2,000 27,000 ; 26,000 C $1,500 a a $1,000 25,000 24,000 1 $500 23,000 0 t $0 rE , 22,000 n a2014 2015 2016 : 2017 2018 2019 2020 2021 2022 2023 2024 2025 -e-Debt/Capita 1,500 1,853 1,876 1,814 1,889 2,476 2,248 2,094 1,892 1,674 1,458 1,215 -s-Population 24,201 24,601 24,976 25,351 25,726 26,101 26,4761 26,851 27,226 27,601 27,976'.28,351' Based on Population Growth of 150 permits/year x 2.5 persons per household The impact of the 2016-2020 CIP and other anticipated bond payment adjustments on the debt service property tax levy are reflected in the following tables: Projected Change in Debt Levy 2016 2017 2018 2019 2020 Debt: Existing CIP 460,159 (269,409) (138,466) (697,745) (579,954) New CIP - 519,000 440,000 646,000 561,000 GESP Lease Payment 255,000 280,000 300,614 300,614 300,614 Market Referendum 48,875 (66,700) (790,450) 7,200 7,000 Change in Debt Levy 764,034 462,891 (188,302) 256,069 288,660 GESP Debt Service: To support the GESP debt service payment, $125,000 prop- erty tax levy was reallocated from the Facilities Management Fund to the Debt Ser- vice Fund, and $130,000 will be reallocated from the 2016 General Fund budget for operating/energy savings projected due to the GESP capital improvements. In 2015, Council directed staff to manage bonded indebtedness to a specific dollar amount ($3.2M). The bond payments were structured to allow for this. Staff will evaluate the cash balances in the debt service fund to see if there are opportunities to adjust the debt service levy in 2016 based on anticipated debt service cash flow. Projected Debt Levy 2015 2016 2017 2018 2019 2020 Debt Service 2,913,356 3,677,390 4,140,281 3,951,979 4,208,048 4,496,708 Each year, certain bond issues mature and the corresponding debt service pay- ments 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 or- der to address maintenance issues in a more reasonable time frame and in accord- ance with our OCI objectives. The amount of debt service dropping off each year is less than the amount that we are adding for new CIP projects in 2016 and 2017. This results in an increase in the debt service property tax levy. 5 The debt associated with Market Referendum bonds which funded park improve- ments and construction of the fire stations typically incrementally increases each year. The final payment for the park improvements occurs in 2017 and significantly decreases the debt schedule in 2018. In 2019, debt service increases again with the new water treatment facility and AMRS. The debt service for 2016 is already established. The Council approved of the sale of bonds for the 2015 projects (TH13/150th Street, 2015 Reconstruction Project, Mushtown/Maple/Panama, and Credit River Road) at the council meeting on April 27, 2015. The first levy associated with this bond issue will be in 2016. City staff will review debt service fund revenue/cash to potentially allow for a portion of the 2016 levy to be reduced. The proposed CIP projects will impact the debt service levy beginning in 2017. The anticipated bond payments on debt issued in conjunction with these projects along with payment adjustments on current bonds and the GESP lease payment would re- sult in an increased debt service levy as noted in the table above. This projected debt service levy estimate for years 2017-2020 is based on ten year level annual debt service payments. The Council can choose to manage the annual debt service in various ways. Staff recommends continued discussion and direction from Council on the debt service policy and options the City could use to smooth annual debt service payments. For example, instead of managing to a specific dol- lar amount, the City could look at the 2015 debt service as a percentage of tax ca- pacity, and manage future debt to that percentage. This would allow for an increase in the actual dollar amount of the debt service levy, but only as tax capacity in- creases. As tax capacity increases there will likely be an increased demand on the CIP plan, and the debt service could be adjusted accordingly. The table below summarizes the projected tax levy impact by component based on the proposed 2016-2020 CIP. Tax Levies: Projected CIP Tax Levy 2015 2016 2017 2018 2019 2020 Equipment Revolving Fund 250,000 400,000 600,000 600,000 600,000 600,000 Revolving Park Equip Fund - - 125,000 150,000 175,000 Facilities Management Fund - - - 30,000 - Debt Service 2,913,356 3,677,390 4,140,281 3,951,979 4,208,048 4,496,708 Transportation Plan The Transportation Plan utilizes multiple funding sources to support roadway and utility construction projects including Municipal State Aid, Street Oversizing and Trunk Funds, Water Fund, Sewer Fund, Water Quality Fund, special assessments and bond proceeds. Grant funding is pursued whenever possible. The City works cooperatively with other agencies such as Scott County, MNDOT, and SMSC to co- ordinate the timing and funding of these projects. 6 City Staff presented the draft Transportation Plan on June 22, 2015 at the City Council work session. Since the work session, city staff has made the following ad- justments to the Transportation Plan. 1. Moved the Albany/Cates/Five Hawks and Park Avenue projects from 2016 to 2017. 2. Moved the Pershing/Dutch/Dunkirk/Roanoke/Green Hts/Spring project from 2017 to 2018. 3. Adjusted the water utility fund contribution for the Raspberry Ridge project from $1.2 million to $800,000 4. Adjusted the street oversizing for the CSAH 83, Franklin Trail (CR 44 to Summer) and Franklin Trail (TH 13 to CSAH 21 south) These adjustments were made due to funding shortages within the street oversizing fund, water fund, and sanitary sewer fund. The Rolling Oaks project is shown in the Transportation Plan in 2016. A portion of the funding is shown to be provided by a developer. It has been the City Council's direction to explore the completion of the Rolling Oaks project to coincide with de- velopment as it provides the best value. If a developer does not come forward in 2016, this project could be shifted to a future year. Equipment Replacement Plan The Equipment Replacement Plan (ERP) utilizes general tax levies to support re- placement of the City's equipment and vehicle fleet. Prior CIPs reflected incremen- tal annual increases over the program's 12-year term. The Plan reflects an in- crease in the annual levy of$150,000 which is what was anticipated in the prior year's plan. The ERP also includes annual transfers from the Water Fund, Sewer Fund and Storm Water Fund. The transfers from the Water Fund and Sewer Funds are peri- odically increased because a significant portion of the equipment also serves the Water and Sewer departments. Funding for the replacement of two 5-ton trucks in 2016 and fire trucks in 2018 and 2021 is assumed to be provided by issuing bonds or equipment certificates. For fu- ture CIPs, the City Council should contemplate the funding philosophy associated with major replacements or acquisitions such as building up a fund balance reserve, issuing debt or a combination of the two. Park Plan The Park Equipment Replacement Plan has been renamed to "Park Plan" to more accurately represent the various components of our parks; including buildings/struc- tures, park equipment, trails, sidewalks and boardwalks, and natural areas. The Park Plan summary has been modified to reflect these categories of amenities, as well. The Park Plan includes funding for trail, sidewalk and boardwalk replace- ments. In addition it identifies the potential for a major community park referendum in 2020. 7 Technology Plan The Technology Plan (TP) identifies the existing inventory, acquisition date, life ex- pectancy and value of hardware on a long term basis (10 years). The Plan also identifies potential future investments in software. The Technology Plan reflects $657k and $1.2M in hardware and software expendi- tures, respectively, for years 2016 through 2025. The software figure includes the maintenance and upgrades of existing software and approximately $270k for pro- posed new software over this same period. The Technology Plan utilizes multiple funding sources including contributions from the Water Fund and Sewer Fund. The General Fund currently has funds allocated for capital purchases in the Technology Department. Additional funds will need to be budgeted using general tax levies. Two years ago, Council members indicated that the use of General Fund reserves should only be for major software purchases such as the Financial System, permit- ting software, time tracking software, etc. Facilities Management Plan The Facilities Management Plan (FMP) identifies the existing inventory, installation date, life expectancy and value of equipment on a long term basis (25 years) for all of our facilities. The FMP provides a schedule for MAJOR repairs, replacements and upgrades. It does not cover minor expenses for repairs and maintenance. Those will continue to be funded through the operating budgets. The FMP was amended at the end of 2014 to reflect the City's Energy Savings Project. The FMP utilizes multiple funding sources including general tax levies, periodic transfers from the General Fund, annual transfers from the Water Fund and Sewer Fund and bond proceeds. Current and Proposed Rates The following table shows the current and proposed rates which are the basis for the revenues in each of the water, sewer and storm water operating plans. The rates were adjusted per Council directive to mirror the targeted minimum fund bal- ance reserves. 2015 2016 2017 2018 2019 2020 Water<25000 $ 4.15 $ 4.40 $ 4.90 $ 5.05 $ 5.20 $ 5.35 Water>25000 $ 5.72 $ 6.06 $ 6.75 $ 6.95 $ 7.16 $ 7.38 Sewer-MCES $ 2.16 $ 2.21 $ 2.26 $ 2.31 $ 2.36 $ 2.41 Sewer-City $ 2.02 $ 2.02 $ 2.52 $ 3.02 $ 3.11 $ 3.20 Storm Water $ 13.38 $ 13.52 $ 13.65 $ 13.79 $ 13.93 $ 14.07 CFAC-Water $ 5.00 $ 5.00 $ 5.00 $ 5.00 $ 5.00 $ 5.00 CFAC-Sewer $ 5.00 $ 5.00 $ 5.00 $ 5.00 $ 5.00 $ 5.00 ALTERNATIVES: The following alternatives are available to the City Council: 8 1. Approve resolutions approving 1) 2016-2020 CIP and 2) Street Reconstruction Plan as proposed or with changes; 2. Table the Resolution(s) to the August 24 meeting for a specific reason. 3. Deny the Resolution(s) and provide staff with additional direction. RECOMMENDED Alternative#1 MOTION: REPORTS 1. Planning Commission Resolution ATTACHED 2. 2016-2020 CIP Documents a. Demands vs. Funding Sources (1 page) b. Project Detail (5 pages) c. Projects by Department (6 pages) d. Projects by Funding Source (3 pages) e. Transportation Plan (1 page) f. Map of Proposed Transportation Projects (1 page) g. Equipment Replacement Plan (1 page) h. Park Plan (1 page) i. Technology Plan (1 page) j. Facilities Management Plan (1 page) k. Water Operating Plan (1 page) I. Sanitary Sewer Operating Plan (1 page) m. Water Quality Operating Plan (1 page) 9 6001PRI04. ra 4646 Dakota Street SE 4trivivEsdcls Prior Lake, MN 55372 RESOLUTION 15-xxx A RESOLUTION APPROVING THE 2016-2020 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 August 10, 2015, the City Council of Prior Lake conducted a Public Hearing on the 2016-2020 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 2016-2020 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: 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 10th DAY OF AUGUST 2015. VOTE Hedberg Keeney McGuire Morton Thompson Aye E ❑ ❑ ❑ ❑ Nay ❑ ❑ ❑ ❑ ❑ Absent ❑ ❑ ❑ ❑ ❑ Abstain E ❑ ❑ ❑ ❑ Frank Boyles, City Manager 2 EXTRACT OF MINUTES OF A MEETING OF THE CITY COUNCIL OF THE CITY OF PRIOR LAKE, MINNESOTA HELD: August 10, 2015 Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Prior Lake, Minnesota, was duly called and held at the City Hall in Prior Lake, Minnesota, on August 10, 2015, at 7:00 p.m., for the purpose of adopting a street reconstruction plan and approving the issuance of general obligation street reconstruction plan bonds. The following members were present: and the following were absent: Member introduced the following resolution and moved its adoption: RESOLUTION 15- RESOLUTION ADOPTING A STREET RECONSTRUCTION PLAN AND APPROVING THE ISSUANCE OF GENERAL OBLIGATION BONDS BE IT RESOLVED by the City Council of the City of Prior Lake, Minnesota(the "City"), as follows: WHEREAS, pursuant to Minnesota Statutes, Section 475.58, subd. 3b (the "Street Reconstruction Act"),the City has prepared a 2016-2020 street reconstruction plan dated August 10, 2015 (the "Street Reconstruction Plan")which sets forth various street reconstruction plan projects to be undertaken in the City within the next five years (the "Street Reconstruction Plan Projects"). The Street Reconstruction Plan recommends the issuance of general obligation street reconstruction bonds under the Street Reconstruction Act in the approximate principal amount of$5,669,020 (the "Street Reconstruction Bonds")to finance a portion of the costs of the Street Reconstruction Plan Projects; and WHEREAS,pursuant to the Street Reconstruction Act, the City is authorized to issue and sell obligations for street reconstruction under the circumstances and within the limitations set forth in the Street Reconstruction Act. The Street Reconstruction Act provides that a street reconstruction plan may be financed with bonds issued by the City, following a public hearing and the adoption of such plan, and other proceedings conducted in accordance with the requirements of the Street Reconstruction Act; and WHEREAS, on August 10, 2015 the City Council held a public hearing on the adoption of the Street Reconstruction Plan and the issuance of the Bonds after publication of the notice of public hearing for the Street Reconstruction Plan not less than 10 days nor more than 28 days prior to the date thereof in the City's official newspaper; and 5648227v1 WHEREAS, all parties who appeared at the hearing were given an opportunity to express their views with respect to the proposal to adopt the Street Reconstruction Plan and to undertake and finance a portion of the Street Reconstruction Projects with Street Reconstruction Bonds and any written comments submitted prior to the hearing were considered. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Prior Lake, Minnesota, as follows: 1. CITY POLICIES AND GOALS. The financing of the Street Reconstruction Project and the issuance of the Bonds will further the policies and goals of the City as set forth in the Street Reconstruction Plan. 2. ADOPTION OF STREET RECONSTRUCTION PLAN. Based on information received at the public hearing, such written comments (if any) and such other facts and circumstances as the City Council deems relevant, it is hereby found, determined and declared that: (a) the Street Reconstruction Projects proposed in the Street Reconstruction Plan will allow the City to construct and finance various street reconstruction projects; (b) the Street Reconstruction Plan is hereby approved and adopted in the forms presently on file with the City. 3. AUTHORIZATION OF BONDS. The City hereby gives preliminary approval to the issuance of the Bonds, the proceeds of which will be used, together with additional funds of the City to finance costs of various Street Reconstruction Plan Projects and to pay costs of issuance of the Bonds. The City staff is hereby authorized, in consultation with the City's financial advisor and legal counsel, to take all necessary action to call for the sale of the Bonds and to present proposals to this Council for approval at a subsequent meeting. 4. VOTER REFERENDUM CONTINGENCY. Pursuant to the Street Reconstruction Act, if a petition requesting a vote on the question of issuing the Street Reconstruction Bonds, signed by voters equal to five percent of the votes cast in the last municipal general election, is filed within thirty days of the public hearing,the City may issue the Street Reconstruction Bonds only after obtaining the approval of a majority of the voters voting on the question of the issuance of the Street Reconstruction Bonds. The authorizations and approvals contained herein are subject to and contingent upon not receiving such a petition, or, in the event such a petition is filed, the approving vote of a majority of the voters voting on the question of the issuance of the Street Reconstruction Bonds. 2 5648227v1 PASSED AND ADOPTED THIS 10th DAY OF AUGUST 2015 VOTE Hedberg Keeney McGuire Morton Thompson Aye ❑ ❑ ❑ E ❑ Nay ❑ ❑ ❑ ❑ E Absent ❑ ❑ ❑ ❑ ❑ Abstain ❑ ❑ E ❑ ❑ Frank Boyles, City Manager 3 5648227v1 O., PRIOR c CITY OF PRIOR LAKE DEMANDS VS. FUNDING SOURCES v M CAPITAL IMPROVEMENT PROGRAM Draft 8/10/2015 NNF9nt� 2016-2020 1/1/2015 Six-Year Revenue CIP Construction 1/1/2021 Funding Source Balances Projection(Net) Demands Projected Balances Water Fund 3,306,003 20,978,404 21,752,411 2,531,996 Sewer Fund 2,511,458 3,652,804 4,710,504 1,453,758 Water Quality Fund 598,114 2,022,466 1,821,000 799,580 Capital Park Fund 690,972 3,357,255 3,640,000 408,227 Trunk Reserve Fund 2,212,473 2,995,295 2,800,000 2,407,768 Street Oversize Fund 777,715 410,928 660,000 528,643 Water Storage Fund 942,947 1,872,267 1,754,256 1,060,958 Transit Fund - - - - Revolving Equipment Fund 1,143,573 3,275,049 4,218,172 200,450 Revolving Park Equip Fund 385,444 929,750 596,617 718,577 Cable Franchise Fund 66,092 45,574 47,441 64,225 Facilities Management Fund 618,486 159,687 586,206 191,966 Municipal State Aid - 1,600,000 1,600,000 - Project Tax Levy - 20,904,020 20,904,020 - Special Assessments - 6,490,000 6,490,000 - Referendum 8,772,135 8,772,135 - Intergovernmental - 27,791,153 27,791,153 - Grants or Other Contributions - 1,907,000 1,907,000 - TOTALS $ 13,253,278 $ 107,163,787 $ 110,050,915 $ 10,366,149 OF PWp4 CITY OF PRIOR LAKE PROJECT DETAIL CAPITAL IMPROVEMENT PROGRAM Draft 2016-2020 CIP Cost/Benefit Project Reference Description Purpose Impact Statement Public Works(Parks) Capital Replacement Projects CIP1 Replacement or Renovation of Existing Facilities Replace or renovate significant community park Replacement or renovation would be completed facilities including buildings,parking lots,fields, within the context of full community park needs and lighting. and development Park Amenities Replacement CIP2 Park amenities replacement Replace and renovate park amenities including Replacments necessary to maintain City park regular replacement of park furniture,play system structures,enclosures,shelters,courts,etc. Trail,Sidewalk,and Boardwalk Replacement CIP3 Replace trail,sidewalk and boardwalks N/A N/A Trail and Sidewalk Inventory,condition rating,and priority being analyzed. Natural Area Restoration CIP4 Restoration of natural areas N/A N/A Inventory,Condition Rating,and Privity being completed. Neighborhood Park Development CIP5 Neighborhood Park Development Construction of neighborhood parks to support The Comprehensive Plan and Park Dedication 2015-Enclave Park,Phase II development. Fees have anticipated the construction of 2017-Undefined Park additional nieghborhood parks to serve growth of 2019-Undefined Park the community. Existing Trail&Sidewalk Gap Priorities CIP6 Replace trail,sidewalk and boardwalks N/A N/A Trail and Sidewalk Gaps Analysis in progress New Development Trail Alignments CIP7 Construction of new trail segments in newly To ensure a connected network of trails and The Comprehensive Plan,Trail and sidewalk developing areas. sidewalks for transportation and recreational Gaps Study and Park Dedication Fees Study have purposes. anticipated the development of additional trails to serve the growing and changing needs of the community. Community Park Development and Renovation CIPS Development of new community parks Construction of community parks to support The Comprehensive Plan,Master Park Plan and communities recreational needs. Park Dedication Fees Study have anticipated the development of additional community parks to serve the growing and changing needs of the community. Page 1 0/5 u of rWOA CITY OF PRIOR LAKE PROJECT DETAIL CAPITAL IMPROVEMENT PROGRAM Draft 2016-2020 ~IN.01' CIP Cost/Benefit Project Reference Description Purpose Impact Statement Public Works(Streets) Street Reconstruction(Co.Rd.) CIPS 2016-Duluth Ave/TH 13 Signal These are Scott County or MNDOT projects. City These County or State Highway Improvement will participate in storm sewer and other Projects will restore the driving surface and improvements on a cost sharing basis through a improve storm drainage in these respective areas. cooperative agreement. 2016-150th/TH 13(additional funding in 2016) 2017-CR42/TH13 2017-CSAH 83 2019-TH 13/CR 21/Main Ave/Arcadia Signal Street Improvements(City) CIP10 2016-Manitou Road,Raspberry Ridge/Hidden To rehabilitate,reconstruct,or construct streets to Improved streets will reduce maintenance for the Pond/Black Oak/Timberglade,Appaloosa/Highland, extend usuable life or reconstruct streets to a 7- streets and for vehicles. Rolling Oaks,Stemmer Ridge Road ton or 9-ton standard. 2017-Albany/CJ Circle/Five Hawks/Cates,Park, Balsam/Sunrise/Spruce,Sycamore, Franklin Trail(Summer to CR 44) 2018-Arcadia Avenue(Colorado to Pleasant and Gross to TH 13),Duluth Ave(Anna to Arcadia), Pershing/Dunkirk/Dutch/Roanoke/Green Hts/Spring, Balsam/Sunrise/Spruce,Huron/Wildwood/Woodside, Franklin Trail(TH 13 to CR 21 south) 2019- Arcadia(Pleasant to Gross,Gross),Hidden Oaks/Timberview/Timber,Fish Point Road(CR 44 to TH 13),Miller/Omega/Glory,Fish Pt Road(Fawn Meadows to CR 21) 2019-Knollridge/Hawk RidgeNiewcrest/Lake Haven/Shady Cove/Lake Bluff/Fremont Cir/Fremont St/Crystal,Frost Pt,Northwood Rd(Fremont to Knollridge and Knollridge to CSAH 12) Page 2 of 5 OF PR/p� 40141°4' CITY OF PRIOR LAKE PROJECT DETAIL '' CAPITAL IMPROVEMENT PROGRAM Draft 2016-2020 4i�'NF4�' CIP Cost/Benefit Project Reference Description Purpose Impact Statement Public Works(Water) Meter Replacement Program CIP11 Replacement of Automatic Meter Reading System The AMRS is nearing the end of its life and will Battery failures may begin in the existing AMR (AMRS)starting in 2019. need to be considered starting in 2018. In system in 2018. The City will want to consider addition,water meters deteriorate with age, how the system will be replaced prior to significant resulting in inaccurate readings. American Water failures. In addition,replacement of any meters Works replacement guidelines estimate a 15-year will show a decrease in apparent loss and in life on residential meters. increase in revenue. Wells CIP12 Wells Construct Well No.10 to maximize source water Wells are needed to provide City firm pumping 2015-Replace Well#7 to the current water treatment plant. Renovate or capacity and to utilize the Water Treatment 2016-Well#10 Reconstruct Well#7. Facility at full capacity - Watermain Improvements CIP13 No projects currently planned for 2015-2019 Replace old watermain. Proactive replacement of deteriorated watermain to avoid costly emergency repairs due to leaks and breaks. Water Treatment CIP14 Water plan update will define future treatment needs. Replacement of existing equipment at Water Replacement of key equipment necessary as it 2015-2019 Annual Equipment Replacement Treatment Facility. Additional treatment and reaches its life expectancy. Additional capacity 2019-Water Treatment Plant#2 storage capacity at WTF#2. needed with current water supply deficit. Pressure Reducing Valves CIP15 No projects currently planned for 2015-2019 Reduce pressure in lower service areas of the Reducing pressure in the distribution system will Prior Lake community. assist in water conservation and water loss. Water Storage CIP16 No projects currently planned for 2015-2019;water Increase water storage on west side of lake. plan update will define future needs. 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. Page 3 of 5 of n". CITY OF PRIOR LAKE PROJECT DETAIL pg CAPITAL IMPROVEMENT PROGRAM Draft 2016-2020 CIP Cost/Benefit Project Reference Description Purpose Impact Statement Public Works(Sanitary Sewer) Sanitary Improvement CIP17 No projects currently planned for 2015-2019 Improve sanitary sewer main line which services Reduction of infiltration and settlements in sanitary Commercial area,reduce infiltration issues and sewer which could be cause for sanitary back-ups improve flow and impede flow design of main line pipe Inflow/Infiltration Prevention CIP18 Sanitary Sewer Lining Reduce water infiltration into collection system Reduction of lift station pumping and treatment flow costs to Blue Lake from Met Council Sewer System Equipment Replacement CIP19 Replacement of equipment associated with lift To replace vital equipment in lift stations to Reduce risk of failures creating sanitary sewer stations,etc.(pumps and controls) minimize risk of failure. backups and emergency situations. Public Works(Stormwater) Stormwater Infrastructure Maintenance CIP20 Maintaining existing structural stormwater practices Maintenance,retrofit and creation of other Using a targeted maintenance and retrofit and adding new treatment.(locations vary) structural practices such as;sump manholes, program to continually renew and improve the bioretention,infiltration and filtration. overall water quality system effectivness and cost efficiency. Pond Maintenance&Retrofit CIP21 Maintaining existing stormwater treatment ponds and Maintenance,retrofit and creation of storm water Using a targeted maintenance and retrofit maximinzing treatment(locations vary). ponds to restore and enhance overall system program to continually renew and improve the treatment efficiency. overall water quality system effectivness and cost efficiency. Stormwater Improvements CIP22 2016-Repair of Cates Creek Dam completed in Address flooding of street,washout of dam,and Minimize street flooding,risk of dam failure and conjunction with Albany reconstruction. lack of treatment. improve overall convenance efficiency and treatment capacity. Page 4 of 5 of nu% CITY OF PRIOR LAKE PROJECT DETAIL CAPITAL IMPROVEMENT PROGRAM Draft 2016-2020 �MNl4�� CIP Cost/Benefit Project Reference Description Purpose Impact Statement Transit Transit Capital CIP23 No projects currently planned for 2015-2019 N/A N/A Vehicles&Equipment Equipment Replacement Plan CIP24 Replace vehicles and equipment as identified in the To identify the City's vehicle and equipment needs Maximize the useful life of the City's vehicles and replacement schedule. and establish a regular replacement schedule. equipment. Facilities Facilities Management Plan CIP25 Repair or replace major components in City-owned To identify major repairs or improvements to all Maximize the useful life of the major components facilities. City-owned facilities. in City-owned facilities. Technology Technology Plan CIP26 Replace hardware and software as identified in the To identify hardware and software needs and Maximize the useful life of the City's hardware. replacement schedule. establish a regular replacement schedule. Upgrade software to utilize technology currently available in order to deliver services in a cost- effective manner. Page 5 of 5 OF PRlpR CITY OF PRIOR LAKE PROJECTS BY DEPARTMENT 60 CAPITAL IMPROVEMENT PROGRAM Draft 8/10/2015 2016 -2020 'MMHes�* Project 2016 2017 2018 2019 2020 Total Public Works(Parks) Capital Replacement Projects 43,163 112,326 145,547 122,796 172,785 596,617 Revolving Park Equipment Fund 43,163 112,326 145,547 122,796 172,785 596,617 Park Amenities Replacement 127,314 131,133 135,067 139,119 143,293 675,927 General Fund-Parks Division 127,314 131,133 135,067 139,119 143,293 675,927 Trail,Sidewalk,and Boardwalk Replacement 100,000 200,000 300,000 400,000 500,000 1,500,000 General Fund-Parks Division 100,000 200,000 300,000 400,000 500,000 1,500,000 Natural Area Restoration - - - - - - General Fund-Parks Division - - - - - - Revolving Park Equipment Fund - - - - - - Neighborhood Park Development 170,000 - - 170,000 - 340,000 Capital Park Fund 170,000 - - 170,000 - 340,000 Existing Trail&Sidewalk Gap Priorities - - - - - - General Fund-Parks Division - - - - - - New Development Trail Alignments - - - - - - Capital Park Fund - - - - - - Community Park Development and Renovation - - - - 11,972,135 11,972,135 Capital Park Fund - - - - 3,200,000 3,200,000 Referendum - - - - 8,772,135 8,772,135 Public Works(Parks)Total 440,477 443,459 580,614 831,916 12,788,213 15,084,679 Page 1 of 6 oe micki. CITY OF PRIOR LAKE PROJECTS BY DEPARTMENT 4. 11) 0 Of CAPITAL IMPROVEMENT PROGRAM Draft 8/10/2015 2016-2020 4.hvHssoth Project 2016 2017 2018 2019 2020 Total Public Works(Streets) Street Improvements(Partnership Projects) 4,631,560 13,728,507 - 9,931,265 - 28,291,332 Project Levy 1,124,020 - - 1,250,000 - 2,374,020 Special Assessments - - - - - - State/Federal 3,207,540 150,000 - 4,000,000 - 7,357,540 County - 12,278,507 - 4,181,265 - 16,459,772 Other Municipality - 900,000 - - - 900,000 Grant or Other Contribution - - City MSA Funds 200,000 200,000 - 500,000 - 900,000 Street Oversize Funds 100,000 - - - - 100,000 Trunk Reserve Funds - - - - - - Water Quality Fund - - - - - - Water Fund - 100,000 - - - 100,000 Sewer Fund - - - - - - Capital Park Fund 100,000 100,000 Street Improvements(City Jurisdiction) 6,935,000 7,315,000 11,876,000 6,966,000 3,990,000 37,082,000 Project Levy 1,845,000 3,670,000 4,280,000 3,425,000 2,850,000 16,070,000 Special Assessments 1,020,000 1,130,000 2,890,000 1,290,000 160,000 6,490,000 Grant or Other Contribution 260,000 - 886,000 761,000 - 1,907,000 City MSA Funds - - 300,000 - 400,000 700,000 Street Oversize Funds 460,000 - 100,000 - - 560,000 Trunk Reserve Funds 1,800,000 - - - - 1,800,000 Water Quality Fund 200,000 105,000 175,000 100,000 65,000 645,000 Water Fund 1,050,000 1,635,000 1,845,000 1,000,000 350,000 5,880,000 Sewer Fund 300,000 775,000 1,400,000 390,000 165,000 3,030,000 Public Works(Streets)Total 11,566,560 21,043,507 11,876,000 16,897,265 3,990,000 65,373,332 Page 2 of 6 CITY OF PRIOR LAKE PROJECTS BY DEPARTMENT I6 1 CAPITAL IMPROVEMENT PROGRAM Draft 8/10/2015 2016 -2020 MMNese. Project 2016 2017 2018 2019 2020 Total Public Works(Water) Meter Replacement Program - - - 1,000,000 - 1,000,000 Water Fund - - - 1,000,000 - 1,000,000 Sewer Fund - - - - - Wells 950,000 - - 2,724,000 - 3,674,000 Water Fund 950,000 - - 2,724,000 - 3,674,000 Watermain Improvements - - - - - - Water Fund - - - - - - Water System 100,000 103,000 106,090 11,603,652 112,551 12,025,293 Water Fund 100,000 103,000 106,090 10,603,652 112,551 11,025,293 Trunk Reserve Fund 1,000,000 1,000,000 Pressure Reducing Valves - - - - - - Trunk Reserve Fund - - - - - - Water Storage - - - 1,754,256 - 1,754,256 Water Storage Fund - - - 1,754,256 - 1,754,256 Public Works(Water)Total 1,050,000 103,000 106,090 17,081,908 112,551 18,453,549 Page 3 of 6 O* PRI0� CITY OF PRIOR LAKE PROJECTS BY DEPARTMENT CAPITAL IMPROVEMENT PROGRAM Draft 8/10/2015 2016 -2020 MrNN85dC* Project 2016 2017 2018 2019 2020 Total Public Works(Sanitary Sewer) Meter Replacement Program 1,000,000 1,000,000 Sewer Fund - - - 1,000,000 - 1,000,000 Sanitary Improvement - - - - - - Sewer Fund - - - - - Inflow/Infiltration Prevention - - - 150,000 154,500 304,500 Sewer Fund - - - 150,000 154,500 304,500 Sewer System Equipment Replacement 57,216 58,932 60,700 62,521 64,397 303,766 Sewer Fund 57,216 58,932 60,700 62,521 64,397 303,766 Public Works(Sanitary Sewer)Total 57,216 58,932 60,700 1,212,521 218,897 1,608,266 Public Works(Storm Water) Stormwater Infrastructure Maintenance 85,000 85,000 85,000 85,000 85,000 425,000 Water Quality Fund 85,000 85,000 85,000 85,000 85,000 425,000 Pond Maintenance&Retrofit 25,000 300,000 25,000 300,000 25,000 675,000 Water Quality Fund 25,000 300,000 25,000 300,000 25,000 675,000 Stormwater Improvements 75,000 - - - - 75,000 Water Quality Fund 75,000 - - - - 75,000 Public Works(Storm Water)Total 185,000 385,000 110,000 385,000 110,000 1,175,000 Page 4 of 6 di PR/0R CITY OF PRIOR LAKE PROJECTS BY DEPARTMENT v CAPITAL IMPROVEMENT PROGRAM Draft 8/10/2015 2016-2020 Project 2016 2017 2018 2019 2020 Total Transit Transit Capital - - - - - Transit Fund - - - - - Transit Total - - - - - - Vehicles&Equipment Equipment Replacement Plan 1,186,956 940,145 1,487,751 778,748 824,571 5,218,171 Revolving Equipment Fund 786,956 940,145 887,751 778,748 824,571 4,218,171 Project Levy 400,000 - 600,000 - - 1,000,000 Vehicle&Equipment Total 1,186,956 940,145 1,487,751 778,748 824,571 5,218,171 Facilities Facilities Management Plan 1,091,197 214,655 585,912 89,963 64,479 2,046,206 Facilities Management Fund 131,197 214,655 85,912 89,963 64,479 586,206 Project Levy 960,000 - 500,000 - - 1,460,000 Facilities Total 1,091,197 214,655 585,912 89,963 64,479 2,046,206 Technology Technology Plan 242,816 264,794 236,391 212,893 134,818 1,091,713 General Fund 209,059 241,330 169,321 173,804 104,400 897,914 Water Fund 12,196 5,126 28,357 20,530 6,910 73,119 Sewer Fund 15,196 5,126 28,357 18,559 4,999 72,237 Water Quality Fund - 1,000 - - - 1,000 Cable Franchise Fund 6,365 12,213 10,355 - 18,508 47,441 Technology Total 242,816 264,794 236,391 212,893 134,818 1,091,713 GRAND TOTALS 15,820,221 23,453,494 15,043,457 37,490,215 18,243,527 110,050,915 Page 5 of 6 OF ?Rip* (. c CITY OF PRIOR LAKE PROJECTS BY DEPARTMENT CI CAPITAL IMPROVEMENT PROGRAM Draft 8/10/2015 2016-2020 4MNEsol" Project 2016 2017 2018 2019 2020 Total TOTALS BY FUNDING SOURCES Project Levy 4,329,020 3,670,000 5,380,000 4,675,000 2,850,000 20,904,020 Special Assessments 1,020,000 1,130,000 2,890,000 1,290,000 160,000 6,490,000 Referendum 8,772,135 8,772,135 Grants or Other Contributions 260,000 - 886,000 761,000 - 1,907,000 State 3,207,540 150,000 - 4,000,000 - 7,357,540 County - 12,278,507 - 4,181,265 - 16,459,772 Other Municipality 900,000 900,000 City MSA Funds 200,000 200,000 300,000 500,000 400,000 1,600,000 Capital Park Fund 170,000 100,000 - 170,000 3,200,000 3,640,000 Street Oversize Fund 560,000 - 100,000 - - 660,000 Trunk Reserve Funds 1,800,000 - - 1,000,000 - 2,800,000 Water Quality Fund 385,000 491,000 285,000 485,000 175,000 1,821,000 Water Fund 2,112,196 1,843,126 1,979,447 15,348,182 469,461 21,752,411 Sewer Fund 372,412 839,058 1,489,057 1,621,080 388,897 4,710,504 Water Storage Fund - - - 1,754,256 - 1,754,256 Transit Fund - - - - - - General Fund-Park Dept 227,314 331,133 435,067 539,119 643,293 2,175,927 General Fund-Technology Dept 209,059 241,330 169,321 173,804 104,400 897,914 Revolving Equipment Fund 786,956 940,145 887,751 778,748 824,571 4,218,172 Revolving Park Equipment Fund 43,163 112,326 145,547 122,796 172,785 596,617 Cable Franchise Fund 6,365 12,213 10,355 - 18,508 47,441 Facilities Management Fund 131,197 214,655 85,912 89,963 64,479 586,206 15,820,221 23,453,494 15,043,457 37,490,215 18,243,527 110,050,915 Page 6 of 6 CC-"I;34) CITY OF PRIOR LAKE PROJECTS BY FUNDING SOURCE CAPITAL IMPROVEMENT PROGRAM Draft 8/10/2015 2016-2020 Project 2016 2017 2018 2019 2020 Total Project Levy Street Reconstruction(Co. Rd.) 1,124,020 - - 1,250,000 - 2,374,020 Street Improvements(City) 1,845,000 3,670,000 4,280,000 3,425,000 2,850,000 16,070,000 Equipment Replacement Plan 400,000 - 600,000 - - 1,000,000 Facilities Management Plan 960,000 - 500,000 - - 1,460,000 4,329,020 3,670,000 5,380,000 4,675,000 2,850,000 20,904,020 Special Assessments Street Reconstruction(Co. Rd.) - - - - - - Street Improvements(City) 1,020,000 1,130,000 2,890,000 1,290,000 160,000 6,490,000 1,020,000 1,130,000 2,890,000 1,290,000 160,000 6,490,000 Referendum Community Park Development and Renovation - - - - 8,772,135 8,772,135 - - - - 8,772,135 8,772,135 Grants or Other Contributions Street Improvements(Partnership Projects) - - - - - - Street Improvements(City) 260,000 - 886,000 761,000 - 1,907,000 260,000 - 886,000 761,000 - 1,907,000 State Street Reconstruction(Co.Rd.) 3,207,540 150,000 - 4,000,000 - 7,357,540 3,207,540 150,000 - 4,000,000 - 7,357,540 County Street Reconstruction(Co. Rd.) - 12,278,507 - 4,181,265 - 16,459,772 12,278,507 - 4,181,265 - 16,459,772 Other Municipality Street Improvements(Partnership Projects) - 900,000 - - - 900,000 - 900,000 - - - 900,000 City MSA Funds Street Reconstruction(Co. Rd.) 200,000 200,000 - 500,000 - 900,000 Street Improvements(City) - - 300,000 - 400,000 700,000 200,000 200,000 300,000 500,000 400,000 1,600,000 Capital Park Fund Neighborhood Park Development 170,000 - - 170,000 - 340,000 New Development Trail Alignments - - - - - - Community Park Development and Renovation - - - - 3,200,000 3,200,000 Street Improvements(Partnership Projects) 100,000 100,000 170,000 100,000 - 170,000 3,200,000 3,640,000 Page 1 of 3 oQ PxroR CITY OF PRIOR LAKE PROJECTS BY FUNDING SOURCE 1 CAPITAL IMPROVEMENT PROGRAM Draft 8/10/2015 2016-2020 Project 2016 2017 2018 2019 2020 Total Street Oversize Fund Street Reconstruction(Co.Rd.) 100,000 - - - - 100,000 Street Improvements(City) 460,000 - 100,000 - - 560,000 560,000 - 100,000 - - 660,000 Trunk Reserve Fund Street Reconstruction(Co. Rd.) - - - - - - Street Improvements(City) 1,800,000 - - - - 1,800,000 Water Treatment 1,000,000 1,000,000 Pressure Reducing Valves - - - - - - 1,800,000 - - 1,000,000 - 2,800,000 Water Quality Fund Street Reconstruction(Co. Rd.) - - - - - - Street Improvements(City) 200,000 105,000 175,000 100,000 65,000 645,000 Stormwater Infrastructure Maintenance 85,000 85,000 85,000 85,000 85,000 425,000 Pond Maintenance&Retrofit 25,000 300,000 25,000 300,000 25,000 675,000 Stormwater Improvements 75,000 - - - - 75,000 Technology Plan - 1,000 - - - 1,000 385,000 491,000 285,000 485,000 175,000 1,821,000 Water Fund Street Reconstruction(Co. Rd.) - 100,000 - - - 100,000 Street Improvements(City) 1,050,000 1,635,000 1,845,000 1,000,000 350,000 5,880,000 Meter Replacement Program - - - 1,000,000 - 1,000,000 Wells 950,000 - - 2,724,000 - 3,674,000 Watermain Improvements - - - - - - Water System 100,000 103,000 106,090 10,603,652 112,551 11,025,293 Technology Plan 12,196 5,126 28,357 20,530 6,910 73,119 2,112,196 1,843,126 1,979,447 15,348,182 469,461 21,752,411 Sewer Fund Street Reconstruction(Co. Rd.) - - - - - - Street Improvements(City) 300,000 775,000 1,400,000 390,000 165,000 3,030,000 Meter Replacement Program - - - 1,000,000 - 1,000,000 Sanitary Improvement - - - - - - Inflow/Infiltration Prevention - - - 150,000 154,500 304,500 Sewer System Equipment Replacement 57,216 58,932 60,700 62,521 64,397 303,766 Technology Plan 15,196 5,126 28,357 18,559 4,999 72,237 372,412 839,058 1,489,057 1,621,080 388,897 4,710,504 Page 2 of 3 di PR/pR F CITY OF PRIOR LAKE PROJECTS BY FUNDING SOURCE CAPITAL IMPROVEMENT PROGRAM Draft 8/10/2015 2016-2020 Project 2016 2017 2018 2019 2020 Total Water Storage Fund Water Storage - - - 1,754,256 - 1,754,256 - - - 1,754,256 - 1,754,256 Transit Fund Transit Capital - - - - - - General Fund Capital Replacement Projects Park Amenities Replacement 127,314 131,133 135,067 139,119 143,293 675,927 Trail,Sidewalk,and Boardwalk Replacement 100,000 200,000 300,000 400,000 500,000 1,500,000 Natural Area Restoration - - - - - - Existing Trail&Sidewalk Gap Priorities - - - - - - Technology Plan 209,059 241,330 169,321 173,804 104,400 897,914 436,373 572,463 604,388 712,923 747,693 3,073,841 Revolving Equipment Fund Equipment Replacement Plan 786,957 940,145 887,751 778,748 824,571 4,218,172 786,957 940,145 887,751 778,748 824,571 4,218,172 Revolving Park Equipment Fund Capital Replacement Projects 43,163 112,326 145,547 122,796 172,785 596,617 Park Amenities Replacement Trail,Sidewalk,and Boardwalk Replacement Natural Area Restoration - - - - - - 43,163 112,326 145,547 122,796 172,785 596,617 Cable Franchise Fund Technology Plan 6,365 12,213 10,355 - 18,508 47,441 6,365 12,213 10,355 - 18,508 47,441 Facilities Management Fund Facilities Management Plan 131,197 214,655 85,912 89,963 64,479 586,206 131,197 214,655 85,912 89,963 64,479 586,206 15,820,221 23,453,494 15,043,457 37,490,215 18,243,527 110,050,915 Page 3 of 3 " e.g`gggg-i �ggggggg5 ggggggl ggggRgg`si ggggl a4 1;4. gg#^. =g gi :fig§^@.3 ^mE- Emgo$emas2 - gsama"rgi R8g_ Ft E S i e c. 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I • i s rg: a s` ;v i_ g _ 93 8 y s n_ !I A_ oa erca• 3E$i:S? . el II z ,64 a p .1i :i-ii ear E �.11s frill ll 1 =� 3 'Y < ffip = s :. m < a' i = pm $ € is Via'll t)> : ar � am8RRik #i R s - sR CITY OF PRIOR LAKE Proposed 8.10.2015 a , 2016.2020 STREET RECONSTRUCTION PLAN Year Improvement Project Type Length Pavement Utility MSA Street Tee Bond Water Sewer Water aln Sanitary Storm Grant or Other Total City Municipal County Slate Federa TOTAL PROJECT w Mlles OCI' OCI' On00 izln9 Levy Type Utility Fund Utility Fund Quality Trunk56Fund Trunk Fund Toms Fund Contribution Cost Cost Cost Cwt Cost COST 2016 Duluth Avenue/TN 13 Signal Partnership 0.1 NA NA 200,000 - 774,020 Recon - - - - 974,020 - - 207,540 - 1,101,560 2016 Asa Tn./Highland Ct 119961 Pavement/Resurl 031 35 85 - - 120000 Recon - - - 120,000 - - - 120,000 2018 Project TMMs 0.41 _ { 200,000_5 - ! 894,020 II - { - - i - 3 - S - { - { 1,004,020 0 - { 8 207,90 { - $ 1,501,580 2017 Park Avenue(1985) Pavement/Rehab 014 30 78 - - 250,000 Recon 40,000 - - - - - 290.000 - - - - 290,000 2017 CSAR 42/TH 13 Partnership NA NA NA 200,000 - Recon 100,000 - . - - - - 300.000 900,000 11 420,507 150,000 - 2 778,507 2017 GSM(83 Partnership NA NA NA - 100,000 - Recon - - - - - - . 100.000 - 050,000 - 950,000 2017 Balsam/Spruce/Spruce Ct 119061 Pavement/Rehab 059 26 78 - - 1,000,000 Recon - - - - - - 1,000000 - - - '000 000 2017 P7060e Totals , 0.59 5 200,000...5 106000 $ 1,250,000 $ 140.00 { - { - 8 - { - $ - { - { 1,990,00 0 900,000 8 12,270,507 { 190,000 { - 8 10.011,107 2018 - 450,000 - - 450 000 Mg Prefect TOWS 0 .{ - ! - .$ - $ - ! - { { - { • ! - 8 - 8 450,400 { $ - ! - s - $ 450.01 2019 Fish Point Road(Farm Meadows to CR 211 Pavement/Rehab 0.28 39 70 - - 600,000 Recon - - • - - - - 60,00 - - - - 60,000 2019 Millers/Ome0al5lory(1982) Pavement/Rehab 031 32 79 - - 525,000 Recon - - • - 525,00 - - - - 525,00 2019 CR 21/TH13/Main Avel Arcadia Signal PartMrehly NA NA NA 500,00 - 1,250,00 Recon .- - - 1750,000 - 4,181,285 4000,00 - 9031,265 2011 Preyat Totals. - 0.0 { $00,00 1 • $ 2,378,00 { - i - 8 - $ - i - $ $ - { 2,171,000...5 - I 4,181,216_0 4,10,00,i _5 11,058,205 Knollrldgellawk RId0eMewereet(19911)Lake Hawn/Shady 2020 Cove/Lake BIu01200)Fromont Cir/Fremont StCrystal(1986) Pevement/Resurt 057 43 05 - - 250,000 Olson - - • - - - - 250,000 - - - - 250,000 2020 Northwood Roed OFremsnt to Knoll0dgal(19941 Pavement/Rehab 052 38 M - 000,000 Recon - 900,000 _ - - - 90,000 2020 0,o(26 015010 { • $ - 0 1,10,000 8 - 8 - 8 - $ - $ 5 0 - 8 /,150.000 $ - { - { - i 8 1,159,00 Program Totals _ $ 900,000 $ 100.000 $ 5,669,020 $ 140,000 $ - $ - $ - $ - $ - $ - $ 7,259,020$ 900,000 $15,459,772 5 4,357,540 $ - $ 26,976,332 a�a,1 !I 5) i 1„ j 1 '1 PV�� �� 3211H > s+ u�''� ayrj , S i =< 1 =S :,,....,„,,,-,•?,-.) 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ICC)7 , =�i„�, , H1aON �= I, _...__}�-,, ¢i¢ PQO .-� pJ4/ Zt ” Z'11,/81V1ONVOt �'N; w O t '(''' • ii'�.. \ �i1 a p u z �(�CqT 13/MVH-`f' ° 5 a 2 O..il_MN atsNOIaO I i (��y,2• Cal7 ! .] j(Y;( JI;'f' (I ,&a OF PR/04, CITY OF PRIOR LAKE DRAFT 08.10.2015 ' 2016-2027 EQUIPMENT REPLACEMENT PLAN u m 4fINNEs02 2016-2027 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Totals Use of Funds: Fire Dept Total $ 103,000 $ 59,410 $ 633,782 $ 63,028 $ 49,791 $ 656,729 $ 75,391 $ 76,006 $ - $ - $ 802,856 $ 79,843 $ 2,599,836 Police Dept Total 84,117 152,239 150,250 184,583 126,941 114,032 142,665 112,109 120,692 180,085 168,184 171,804 1,707,701 Public Works Dept Total 999,839 728,496 703,719 531,136 647,840 352,122 502,357 759,065 397,402 691,219 849,848 1,066,366 8,229,408 Total Use of Funds $1,186,956 $ 940,145 $1,487,751 $ 778,748 $ 824,571 $1,122,883 $ 720,413 $ 947,181 $ 518,093 $ 871,304 $1,820,888 $1,318,013 $ 12,536,945 Source of Funds: Interest Earnings(2%) 15,067 11,305 7,948 5,262 5,285 4,009 10,142 11,246 8,037 13,346 12,553 (7,249) - Annual Equipment Levy 400,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 7,000,000 General Fund Contribution - - - - - - - - - - - - - Water Fund Contribution 60,000 65,000 65,000 70,000 70,000 75,000 75,000 80,000 80,000 80,000 80,000 80,000 880,000 Sewer Fund Contribution 60,000 65,000 65,000 70,000 70,000 75,000 75,000 80,000 80,000 80,000 80,000 80,000 880,000 Water Quality Fund Contribution 21,000 21,000 5,500 5,500 5,500 5,500 5,500 5,500 5,500 5,500 5,500 5,500 97,000 Forfeiture Funds/Donations 32,782 - - 19,105 - - - - - 42,773 42,773 42,773 180,206 Auction Proceeds 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 120,000 Bond Proceeds 400,000 - 600,000 - - 660,000 - - - - - - 1,660,000 Total Source of Funds $ 998,849 $ 772,305 $1,353,448 $ 779,867 $ 760,785 $1,429,509 $ 775,642 $ 786,746 $ 783,537 $ 831,619 $ 830,826 $ 811,024 $ 10,817,206 Change in Fund Balance $ (188,106) $ (167,840) $ (134,303) $ 1,119 $ (63,786) $ 306,626 $ 55,228 $ (160,435) $ 265,444 $ (39,685) $ (990,063) $ (506,988) $ (1,719,739) Beginning Fund Balance $ 753,366 $ 565,260 $ 397,420 $ 263,117 $ 264,237 $ 200,450 $ 507,076 $ 562,305 $ 401,870 $ 667,314 $ 627,630 $ (362,433) Ending Fund Balance $ 565,260 $ 397,420 $ 263,117 $ 264,237 $ 200,450 $ 507,076 $ 562,305 $ 401,870 $ 667,314 $ 627,630 $ (362,433) $ (869,421) Use of Funds-2016-2020 CIP 1,186,956 940,145 1,487,751 778,748 824,571 1,122,883 720,413 947,181 518,093 871,304 1,820,888 1,318,013 Use of Funds-2015-2019 CIP 1,104,265 693,932 1,339,883 664,939 713,439 962,943 603,206 1,004,787 442,573 587,737 1,639,346 Change from 2015 to 2016 82,691 246,213 147,868 113,808 111,132 159,940 117,206 (57,605) 75,521 283,566 181,542 1,318,013 Change from: Fire (44,239) 59,410 43,053 30,951 49,791 59,703 36,896 (114,009) (49,581) (159,859) 51,286 (990,403) (187,547) Police (68,050) 58,619 67,749 83,850 69,363 21,493 49,810 (11,401) 55,888 75,931 (56,754) 251,899 251,899 Public Works 194,979 128,183 37,065 (993) (8,022) 78,744 30,501 67,804 69,214 367,494 187,010 1,666,346 1,151,980 82,691 246,213 147,868 113,809 111,132 159,940 117,207 (57,606) 75,521 283,566 181,542 927,842 1,216,332 Page 1 of 1 4� RIp6 2 • 7� DRAFT 01.13.1015 6 6` 016 IE 2016-OF 2060 PRPARKOR PLANLAK 06694316.6 2016.2040 2016 2017 2018 2019 3460 2021 2022 2023 2021 2035 2023 2027 .2026 2029 2030 2031 2032 2033 2034 2035 2033 2037 2030 2039 2010 TOTAL Pa.Seulacemenl c0E13 95.33+ U20°(Undo, 7.133 t 111,3x3 116.617 $ 134119 s 119 01; b 2 f 142392 152020 034650 M1.278 103,116 171,009 176.232 161,019 186.365.3 550 5 2 3 00]513 1204202 210.431 ]16.744 $ 331963 229.943 201'263 3 6251.M6 /7331.237 t5s 1,ea.5X0,..1Pad,/Ms.(Replacements 1062.343 3 7301,023 303.190310 t 136.067 430:300 530922 356.113 672.603 030057 5 709.709 732897 10600 892.406 66,43. rvamul7263 022134 2 270.72 3 243.403 f 000.374 3 301.072 3 014070 E 633,270 3 727,349 3 1.601.2131 0 1.367,205 4 1.109.333 3 1.132.783 3 ?135,201 0 1,131.012 E 1.035.532 0 941.757 6 1491.266 0 1824,980 3 1.843.860 3 1.101674 3 1.766.106 3 0.100362 2 1461479 3 7,110,383 0 7 240.376 3 2120317 3 26.161,429 Trail end mem 130.000 1 - 170.000 - 170.0001 _ 1 - 170,030 - 170000 - - 00 New pwelopme707.(eU092772740 • - - f 5 E E S EY sl e ; 7 3 1,;73.1r,2836]20 12]9363 3 1152- 133 20 12164 087]8] 3 1553266 3 1,034989 f 12198 3 1,1013] 3 ?638505 5 7160062 5 1.64415 3 1110333 S 1210 3] 3 x12201] 3 38,0314.29 T°4 U1.07 Funm f 140477 3 203494 1 0660,614 11616 f 618.011 E 1,053,370 E 13,eee ; 1 5 { � 783 E � f 7151.12 3 �83 { 4 E 5 S ewrmsm P.M., 601 0 830.111 3 0613,233 3 N f 601941 12190 Nat 700103 f 174166 s 620,150 $ 40640 f 378,61 i 272621 b 320 3 2�N4 3 ?01&136 $ 1.04&623 a 1.070022 E 1,140.283 s 1.H7.374 3 19x.020 1,000497.kom 094 91246 3333 3 144917 132706 174,706 35.907 S 3370601 70001 3 333,12 3 303560 70970 333,002 316.201 111,231 ]0.376 870 3 710000 730363 4 400433 19370 3 982343 091423 Fm422um0o702040 2 244477 3 330159 2 600314 0 $41419 0 674038 3 ?053270 3 727,202 2 ?301.201 s 1.301.303 0 1,274403 5 1.132783 $ ?3.4,201 3 1.15l.812 a 1286.642 3 002197 3 ?551,214 3 ?024.109 a ?273610 3 1.181.374 3 ?936.205 0 ?400.333 0 1.054475 3 1.110.303 E 1.010375 2 2130.011 3 93162103 Net so2ma(Um)31Fun4.0 - I - 2 6 • { - s s - . 3 (1,904440) 111 Invent, 0 0 s MI Tslland in progress Revolvinp Perk Equipment Fund($430) Use 61Funds: 83 2 112430 2 45517 3 12;1%i 19105 x067 F 3637 S _ 3 0 lr 7404 ummFuda 4;183 112]x6 146.61> 12418 172)43 3 372207 37067 3 37&601 3 683121 3 36, 17..319 783383 3 >nm 3 14641 1111,47 061359 895.077 01378 3 126.831 3 750355 3 133,833 48&383 3 94102 3 982.341 7.494,003 Sources of Fumes. Merest 493 1 2 1M 331 0.3301 3433 2203 195.1851 10,623) ID.ceel 09.27x1 1z?2021 31.406) .1869440707 .7noz31677 3 3111 6004017,2e 110.000 1030019 3408340 1001. -11277 11.003 34 14,417 160,090 173,000 200 000 200 OW 210,000 x1000 no mo x20,000 290 000 300 000 305,000 310,000 315 MO 120,000 3,775,000 420,000 Taal Sours.°Fula. ,203 111,357 244288 281,217 180,013 2M,312 218.417 228.086 230,078 227,017 264460 237,093 2649]] 263,670 270,283 213.433 211,173 239,635 219,374 280034 280,723 283,002 2515,691 200308 305,208 3 s,t8630D 222222(7222224s�f 174.730 1 7,37 2 60.961 $ 189,450 0 16.601 0 2.300 S 14610 0 1150404E 0 1303,0471 3 1320,0431$ (119461L5 _)700.904)5 043201 9 79.120 5 103.070 $ (313,0231_4 1077,904)2 11,7 a 83.043 2 1405,4311 3 113 3111 3 _11203921 2 285.034 0 100.004 0 (077.4451 0 I1.000,3141 (963,6127 3 Beginning Fund 3010134 0 497112 3 402.07 1 013.361 f 702416 $ 71203 2 720A17 2 9044375 3 004.075 5 703.802 3 350,035 3 350336 6 220201 2 34.201 0 t 490 2 11.150)4 (333.1981 0 470)a 4003)2 171370 2 (047356)3 1704200)3 (501.3231 2 (4300.9 1)6 06.151x1 5 113$2.0201 3 (?x204313)2 17034.320)22 (736.1191 0 012,110) Ending 6.Nn1 9 391.090 0 4207 1 613,13 3 702.316 3 420 f4 3 61 f 1 ,92,34)$ 034.722)0 11417110) ' f 1,133 3 s 613.203 5 0 E f 712.700 3 ] b 706,103 E 778,706 3 E 6 B E 1 8 982827 $ 029,211 E 906,043 $ 17. 1,048,823 5 LO 2 3 1,1 1.113.674 5 1,13,874 3 20,1019306 110.000 3 110.000 1 0 3 m f 1 w 1 E E 3 40,027 f b 3 3 361601 8 s E 300,00D 305,000 310,000 315.00D b 0,3,000 420.000 Park 3Eq el Fpmx-1.069434283 9413PEF Taal 3 337,314 1 441,133 3 0694,3] 3 7,118 1 14,203 3 013,14 3 396,8 9 5 922708 $ 949,001 3 970.191 3 1,020,766 a 1,037.100 3 1,083,211 3 0118,001 a 3,114631 3 1.1728 210 000 215,000 220A0D 250.000 255.000 200.000 20.000 270 000 31 3 3, S 1,242,800 3 1,270843 3 1,311,10 285.000 280,000 90 3 1,34,0x3 4 1,363022 1 1,420,303 f 1454,074 3 1,403,671 3 23342,270 43202007112 Perk 40107644020 Needs'•Lame sae projects de,,opingnew c2mmmtky perk 22442023 or!Meting 10 serve changelg and 1P272440201'2n3y needs Fundingbom referendum,donatim0,of olheryrojeclP06dn41s. cag14 Fat(r 4sp.umenu a Renovation UMW. 3233376 0233.376 30 .034202020 Band 9/131 Beach 5104,401 _ 5144481 134 P0Ma ..._.- 5183.31 395294 321.018 Thwn0.74unlanm4 3161.64 - _ - _ 3307,802 2101.64 w•tm 3184.4111 5104,461 Park 40*74004 00(30402• 37527661 csm0614161 Park 35,067389 5730,044 La130,034 _ -. _.. Ra in.Farm Pan 31,54322 31,324.022 Thomas 07301590 $1.420.82101.428321 31.247.004 Tna.39433334202 Must 31,4671. 1 _ TOTAL 1357,61261408114 NEEDS 83x4199 commonly 3 - f 3 3 3 11,12,15 • 4 98,296 1 3 - 3 - S s 327,862 3 19300122 o PoRI* Ft CIT2016Y-OF2025 PRIOR LAKETECHNOLOGY PLAN Draft 08/10/2015 o M0NNEscilr 2016-2025 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Totals Use of Funds: Hardware Administration $ 2,900 $ 8,633 $ 4,952 $ - $ 1,313 $ 1,353 $ 2,914 $ 9,003 $ 5,913 $ - $ 36,981 Building Inspection/Engineering 7,720 7,540 3,827 1,275 1,313 - 8,199 9,003 4,569 1,523 44,969 Community/Economic Development 3,000 1,202 - 7,651 - - 4,180 1,435 - 9,136 26,605 Finance 3,600 1,202 1,238 1,275 2,985 - 5,067 1,435 1,478 1,523 19,804 Fire - 3,278 1,238 - 1,791 - - - 5,510 - 11,817 Police 7,971 12,239 8,441 19,244 10,030 - 6,967 5,741 12,095 22,563 105,291 Public Works 12,925 9,466 4,952 5,796 3,940 2,706 6,967 4,306 5,913 6,921 63,893 Cable Television 6,365 12,213 10,355 - 18,508 - 3,800 - 9,071 - 60,313 Printers/Scanners 2,122 25,060 27,800 1 - 22,139 26,748 8,090 2,688 - 114,648 Network Infrastructure 19,184 14,184 2,620 - - - 10,768 11,091 67,196 - 125,042 Miscellaneous 424 1,093 - 33,847 7,761 4,305 - - - - 47,430 Total Hardware $ 66,211 $ 96,109 $ 65,423 $ 69,090 $ 47,643 $ 30,502 $ 75,610 $ 50,103 $ 114,434 $ 41,665 $ 656,792 Software Existing/Maintenance/Upgrades $ 78,614 $ 90,791 $ 133,715 $ 111,228 $ 83,474 $ 85,516 $ 87,619 $ 89,784 $ 92,015 $ 93,929 $ 946,685 Proposed Software 97,992 77,894 37,253 32,574 3,700 3,811 3,926 4,043 4,165 4,290 269,649 Total Software $ 176,606 $168,685 $ 170,968 $ 143,803 $ 87,174 $ 89,327 $ 91,544 $ 93,828 $ 96,180 $ 98,219 $ 1,216,334 Total Use of Funds $ 242,817 $264,794 $ 236,391 $ 212,893 $ 134,817 $ 119,830 $ 167,154 $ 143,931 $ 210,614 $ 139,884 $ 1,873,126 Source of Funds: General Fund $ 209,060 $241,329 $ 169,322 $ 173,804 $ 104,400 $ 111,307 $ 150,294 $ 134,713 $ 193,875 $ 128,165 $ 1,616,268 Water Fund 12,196 5,126 28,357 20,530 6,910 4,938 6,530 4,609 3,834 7,036 100,066 Sewer Fund 15,196 5,126 28,357 18,559 4,999 3,585 5,137 4,609 3,834 4,683 94,085 Water Quality Fund - 1,000 - - - - 1,393 - - - 2,393 Cable Franchise Fund 6,365 12,213 10,355 - 18,508 - 3,800 - 9,071 - 60,312 Total Source of Funds $ 242,817 $264,794 $ 236,391 $ 212,893 $ 134,817 $ 119,830 $ 167,154 $ 143,931 $ 210,614 $ 139,884 $ 1,873,126 Net Source(Use)of Funds $ (0) $ (0) $ (0) $ (0) $ 0 $ 0 $ (0) $ 0 $ (0) $ (0) $ 0 6.,--i-R-) CITY OF PRIOR LAKE 2016-2031 FACILITIES MANAGEMENT PLAN Draft 07.13.2015 'rNa[S 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 Totals Use of Funds: City Hall - - - - - 303,610 - - 255,374 - 699,287 - - - 134,795 60,927 1,453,994 Police Station 44,558 - - - - 168,262 - - 309,638 - 524,584 - - - 134,795 116,023 1,297,861 Fire Station#1 360,706 - 493,620 67,998 64,479 - - - 102,890 - - 12,336 - - 292,057 - 1,394,086 Fire Station#2 20,369 - - - - - - 40,154 29,029 - 255,385 - 153,286 - - - 498,223 Library&Club Prior - 79,961 - 21,965 - - - - 137,580 - - 228,210 - 285,482 - - 753,198 Maintenance Center 619,950 114,081 87,227 - - 299,136 5,700 - 40,317 - 304,200 209,205 5,445 17.231 47,320 1,322 1,751,136 Water Treatment Facility - - 5,065 - - - - 138,997 40,317 - - 266,916 450,501 61,135 - - 962,931 Transfer to GESP Debt Service Fund 45,614 20,614 Pike Lake Buildings - - - - - - - - - - - - - - - - - Old Maintenance Shop NO SIGNIFICANT REPAIRS OR REPLACEMENTS PLANNED FOR THESE FACILITIES - - - - - - - 16220 Main Avenue - - - - - • - - - - - - - - 16244 Main Avenue - - - - - • - - - • - - - - - - Total Use of Funds 1,091,197 214,655 585,912 89,963 64,479 771,008 5,700 179,152 915.147 - 1,783,456 716,667 609,232 363,848 608,967 178,273 8,111,428 Source of Funds: Interest Earnings(2%) 8,029 6,666 3,639 3,160 3,226 3,839 3,371 6,238 6,233 4,048 7,664 6,126 4,277 8,256 9,259 84,031 Transfer from General Fund - - - - - - - - - - - - - - - TransferfromWaterFund 45,000 46,350 47,741 49,173 50,648 52,167 53,732 55.344 57,005 58,715 60,476 62,291 64,159 66,084 68,067 - 836,951 Transfer from Sewer Fund 10,000 10,300 10,609 10,927 11,255 11,593 11,941 12,299 12,668 13,048 13,439 13,842 14,258 14.885 15,126 - 185,989 Annual Property Tax Levy - 30,000 30,000 80,000 80,000 105,000 130,000 105,000 275,000 275,000 275,000 325,000 325,000 - 2,035,000 Capital Facility Charge - - - - - - - - - - - - - - - - Bond Proceeds 960,000 - 500,000 - - 600,000 - - 600,000 - 1,350,000 - - - - - 4,010,000 Other'') - - - - - - - - - - - 266,916 450,501 - - - 717,417 Bond Proceeds-Referendum - - - - - - - - - - - - - - - - - Total Source of Funds 1,023,029 63,316 561,988 93,260 95,129 747,599 149,044 178,881 805,905 180,810 1,706,579 624,175 808,194 414,025 417,452 - 7.869,389 Change In Fund Balance (68,168) (151,340) (23,923) 3,297 30,650 (23,409) 143,344 (271) (109,242) 180,810 (78,877) (92,492) 198,963 50,178 (191,518) (178,273) (242,039) Beginning Fund Balance 401,450 333,282 181,942 158,018 161,316 191,966 168,558 311,901 311,630 202,389 383,199 306,322 213,831 412,793 462,971 271,455 Ending Fund Balance 333,282 181,942 158.018 161,316 191,966 168,558 311,901 311,630 202,389 383,199 306,322 213,831 412,793 462,971 271.455 93,182 GESP Debt Service Fund(F562) Use of Funds: Lease payment (300,614) (300,614) (300,614) (300,614) (300,814)_ (300,614) (300,614) (300,614) (300,614) (300,614) Total Use of Funds (300,614) (300,614) (300,614) (300,614) (300,614) (300,614) (300,614) (300,614) (300,614) (300.614) Sources of Funds: General Fund Energy/Oper Savings 130,000 130,000 130,000 130,000 130,000 130,000 130,000 130.000 130,000 130,000 Transfer from Facilities Mngt Fund 45,614 20,614 - - - - - - - - Debt Levy 125,000 150,000 170,614 170,614 170,614 170.614 170,614 170,614 170,614 170,614 Total Source of Funds 300,614 300,614 300,614 300,614 300,614 300,614 300,614 300,614 300,614 300,614 Change In Fund Balance $ 0 $ 0 $ - $ - $ - $ - $ - - - - Shifts to Account for GESP OLA(2015-2019)Proposed Tax Levy 125,000 150,000 175,000 200,000 200,000 250,000 250,000 275,000 300,000 275,000 NEW(2016-2020)Debt Levy $ 125,000 $ 150,000 $ 170,614 $ 170,614 $ 170,614 $ 170,614 $ 170,614 $ 170,614 $ 170,614 $ 170,614 NEW Operational Savings $ 130,000 $ 130,000 $ 130,000 $ 130,000 $ 130,000 $ 130,000 $ 130,000 $ 130,000 $ 130,000 $ 130,000 Shift to Debt Levy $ 255,000 $ 280,000 $ 300,614 $ 300,614 $ 300,614 $ 300,614 $ 300,614 $ 300,614 $ 300,614 $ 300,614 OF PRlp4, CITY OF PRIOR LAKE Draft 08/10/2015 u g 2016-2025 WATER OPERATING PLAN M/NNE5o4l" 2016-2025 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Totals Use of Funds: Operations&Maintenance $ 2,030,315 $ 2,131,831 $ 2,238,422 $ 2,350,344 $ 2,467,861 $ 2,591,254 $ 2,720,816 $ 2,856,857 $ 2,999,700 $ 3,149,685 25,537,085 Capital Projects 2,100,000 1,838,000 1,951,090 18,081,908 462,551 $ 940,927 $ 944,405 $ 947,987 $ 951,677 $ 955,477 29,174,024 Interfund Transfer 298,516 301,426 329,748 332,123 323,828 $ 332,305 $ 339,462 $ 348,233 $ 353,289 $ 362,451 3,321,381 Debt Service 542,144 660,552 665,772 673,831 1,681,009 $ 1,704,623 $ 1,719,248 $ 1,747,063 $ 1,766,172 $ 1,809,894 12,970,308 Total Use of Funds 4,970,975 4,931,809 5,185,032 21,438,206 4,935,249 5,569,110 5,723,932 5,900,141 6,070,838 6,277,507 71,002,798 Source of Funds: Water Usage Charge 3,825,462 4,299,060 4,513,819 4,737,471 4,970,363 5,212,853 5,465,313 5,728,128 6,001,698 6,286,436 51,040,604 Other Revenues 188,853 192,630 196,483 200,412 204,421 208,509 212,679 216,933 221,271 225,697 2,067,888 Bond Proceeds 950,000 - - 15,218,380 - - - - - - 16,168,380 Trunk Fund Contribution - - - 2,754,256 - - - - - - 2,754,256 Total Source of Funds 4,964,315 4,491,690 4,710,301 22,910,519 5,174,784 5,421,362 5,677,992 5,945,061 6,222,969 6,512,133 69,276,872 Change in Fund Balance $ (6,660) $ (440,119) $ (474,730) $ 1,472,314 $ 239,535 $ (147,748) $ (45,940) $ 44,920 $ 152,131 $ 234,626 $ (1,725,926) Beginning Fund Balance $ 1,741,656 $ 1,734,996 $ 1,294,877 $ 820,147 $ 2,292,461 $ 2,531,996 $ 2,384,248 $ 2,338,309 $ 2,383,229 $ 2,535,360 Ending Fund Balance $ 1,734,996 $ 1,294,877 $ 820,147 $ 2,292,461 $ 2,531,996 $ 2,384,248 $ 2,338,309 $ 2,383,229 $ 2,535,360 $ 2,769,986 04 YRIp+P _u �s CITY OF PRIOR LAKE Draft 08/10/2015 (" "�' 2016-2025 SANITARY SEWER OPERATING PLAN M9NNEsd<n 2016-2025 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Totals Use of Funds: Operations&Maintenance $ 1,036,842 $ 1,067,948 $ 1,099,986 $ 1,132,986 $ 1,166,975 $ 1,201,984 $ 1,238,044 $ 1,275,185 $ 1,313,441 $ 1,352,844 11,886,235 MCES Fees 1,318,153 1,369,485 1,429,847 1,492,232 1,556,701 1,623,315 1,692,138 1,763,237 1,836,679 1,912,533 15,994,320 Capital Improvement Projects 357,216 833,932 1,460,700 1,602,521 383,897 650,464 657,228 664,194 671,370 678,761 7,960,283 Interfund Transfer 301,516 311,496 316,587 326,789 332,114 342,563 348,128 358,820 364,651 370,611 3,373,275 Debt Service - - - - 117,231 117,231 117,231 117,231 117,231 117,231 703,383 Total Use of Funds 3,013,727 3,582,861 4,307,120 4,554,528 3,556,917 3,935,557 4,052,769 4,178,667 4,303,371 4,431,979 39,917,495 Source of Funds: Wastewater Collection Revenue 2,779,409 3,158,206 3,566,811 3,731,176 3,901,699 4,078,601 4,262,108 4,452,457 4,649,892 4,854,664 39,435,023 Other Revenues 60,180 61,384 62,611 63,863 65,141 66,444 67,772 69,128 70,510 71,921 658,954 Bond Proceeds - - - 1,000,000 - - - - - - 1,000,000 Total Source of Funds 2,839,589 3,219,590 3,629,422 4,795,039 3,966,840 4,145,044 4,329,881 4,521,585 4,720,402 4,926,585 41,093,977 Change in Fund Balance $ (174,139) $ (363,271) $ (677,698) $ 240,512 $ 409,923 $ 209,488 $ 277,112 $ 342,918 $ 417,032 $ 494,605 $ 1,176,482 Beginning Fund Balance $ 2,018,432 $ 1,844,293 $ 1,481,022 $ 803,324 $ 1,043,836 $ 1,453,759 $ 1,663,247 $ 1,940,359 $ 2,283,277 $ 2,700,308 Ending Fund Balance $ 1,844,293 $ 1,481,022 $ 803,324 $ 1,043,836 $ 1,453,759 $ 1,663,247 $ 1,940,359 $ 2,283,277 $ 2,700,308 $ 3,194,914 oQ ParoR � CITY PRIOR LAKE Draft 08/10/2015 -2 2016 2025 WATER QUALITY OPERATING PLAN 2016-2025 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Totals Use of Funds: Operations&Maintenance $ 444,280 $ 412,186 $425,283 $ 423,576 $ 432,069 $ 440,770 $ 449,683 $ 488,815 $ 468,172 $ 477,763 $ 4,919,159 Capital Projects 406,000 496,500 290,500 490,500 180,500 525,500 251,893 525,500 250,500 525,500 4,631,481 Total Use of Funds 850,280 908,686 715,783 914,076 612,569 966,270 701,576 994,315 718,672 1,003,263 9,550,640 Source of Funds: Interest Earnings(2%) $ 11,962 $ 7,028 $ 7,026 $ 6,181 $ 9,627 $ 9,532 $ 15,992 $ 15,841 $ 21,590 $ 21,971 $ 132,299 Charges for Services 838,332 859,416 881,030 903,188 925,903 949,190 973,062 997,535 1,022,623 1,048,342 10,216,386 Grants - - - - - - - - - - 95,000 Total Source of Funds 850,294 866,442 888,056 909,369 935,530 958,722 989,054 1,013,375 1,044,213 1,070,313 $10,443,685 Change in Fund Balance $ 14 $ (42,245) $172,273 $ (4,706) $ 322,961 $ (7,548) $ 287,477 $ 19,060 $ 325,540 $ 67,050 $ 893,046 Beginning Fund Balance $ 351,283 $ 351,297 $309,053 $ 481,326 $ 476,619 $ 799,580 $ 792,032 $ 1,079,510 $1,098,569 $ 1,424,110 Ending Fund Balance $ 351,297 $ 309,053 $481,326 $ 476,619 $ 799,580 $ 792,032 $1,079,510 $ 1,098,569 $ 1,424,110 $ 1,491,160 Proposed Utility Rate I Billing Cycle $ 13.52 $ 13.65 $ 13.79 $ 13.93 $ 14.07 $ 14.21 $ 14.35 $ 14.49 $ 14.64 $ 14.78