HomeMy WebLinkAbout10B - 2006-2010 CIP 16200 Eagle Creek Avenue S.E.
Prior Lake, MN 55372-1714
- STAFF AGENDA REPORT
MEETING DATE:
AGENDA #:
PREPARED BY:
AGENDA ITEM:
INTRODUCTION:
DISCUSSION:
MAY 16, 2005
10B
RALPH TESCHNER, FINANCE DIRECTOR
CONSIDER APPROVAL OF A RESOLUTION APPROVING THE 2006-
2010 CAPITAL IMPROVEMENT PROGRAM (CIP)
This agenda item is an informational hearing on the proposed projects
within the 2006-2010 Capital Improvement Program. A "public hearing" is
not required by state statute, however the aforementioned hearing will
provide our residents an opportunity to make recommendations and
comment on particular projects. At the conclusion, a resolution adopting the
2006 CIP may be considered by the City Council.
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 2006-2010 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 of the projects.
On March 28, 2005 the Prior Lake Planning Commission reviewed the
2006-2010 Capital Improvement Program. The Commission did not suggest
any changes or revisions to the draft CIP. The Commission found that the
CIP was consistent with City of Prior Lake 2020 Comprehensive Plan.
www. cityofpriorlake, com
Phone 952.447.4230 / Fax 952.447.4245
On May 2, 2005 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. Feedback from the council workshop
included the following schedule changes:
Fire Department
..... ..............................................................................................
...............................
............. L ........... : ................................................................................
Pubhc Works Department
2009.
There was consensus by the Council with respect to the 2006 proposed
projects with the program improvements for the remaining years supported
by the council as a whole.
Current Circumstances
At the conclusion of the work session, Staff updated the CIP document to
reflect the major change regarding the satellite fire station as a result of the
increasing response time being experienced by the volunteer fire personnel
in getting to the central fire station. Such times were approaching 12-14
minutes. In addition the financing of the fire station is anticipated to be
funded through the issuance of lease purchase bonds that allows for a
quicker turn around time for completing construction once the land is
dedicated as part of the Jeffers plat.
Enclosed is a revised Capsule Project Summary that presents a list of all the
proposed 2006-10 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 2006. Those improvements
selected for bonding will affect the property taxes payable in 2007. 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 2006) should be eliminated now so they do not generate
public expectation and also to avoid unnecessary City effort and expense.
Issues
Historically the TH13 intersections have been a high priority of the Council
for obvious reasons. However, due to the commitment of our future
municipal state aid funds for the Ring Road, downtown redevelopment and
major county road cooperative project involving CSAH 12 and the general
lack of state funding the remaining intersection improvements such as at
Oakland Beach, and 150th Street and CSAH 21 corridor improvements are
H:\CIP\Cipagenda.doc 2
16200 Eagle Creek Avenue S.E.
Prior Lake, MN 55372-1714
RESOLUTION 05-XX
RESOLUTION APPROVING THE
2006-2010 CAPITAL IMPROVEMENT PROGRAM
MOTION BY:
SECOND BY:
WHEREAS,
The purpose of a Capital Improvement Program is to protect the infrastructure of the
City of Prior Lake by establishing a replacement plan for existing infrastructure and
to identify those improvements necessary to accommodate the growth of the
community; and
WHEREAS,
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
WHEREAS,
The establishment of a Capital Improvement Program will provide appropriate
information to manage capital change within the City of Prior Lake; and
WHEREAS,
It is intended for the Capital Improvement Program to be established for a period of
five (5) years and to be updated annually; and
the City Council carefully reviewed each element of the Capital Improvement
Program at a work session on May 2, 2005 and suggested amendments to the
document.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE:
1. That the recitals set forth above are incorporated herein.
2. The 2006-2010 Capital Improvement Program is hereby approved.
Passed and adopted this 16th day of May 2005.
YES
Haugen Haugen
Fleming Fleming
LeMair LeMair
Petersen Petersen
Zieska Zieska
NO
{Seal}
City Manager
City of Prior Lake
www. cityotpriorlake, com
H:\CIP\CIP06res.doc Phone 952.447.4230 / Fax 952.447.4245
CAPSULE PROJECT SUMMARY
5~3~05
2006 CIP PROJECTS
Project Description
Project Amount
Fire Department
(Buildings & Plant)
Joint Training facility land acquisition
Satellite Fire Station
1,440,000.00
1,500,000.00
Park Department
(Develo.~ment)
3. Park Entrance Signs
4. Pleasure Rink Lights - Jeffers Pond & Stemmer
5. Tree Planting Program
6. Backstops - Jeffers & Stemmer
7. Basketball Courts - Northwood, Jeffers, Stemmer
8. Park Appurtenant Equipment
9. Picnic Shelters (2) - Jeffers Pond & Stemmer
10. Playground Equipment - Jeffers Pond & Stemmer
(Trails)
11. Jeffers and Stemmer Ridge
5,000.00
10,000.00
10,000.00
15,000.00
15,000.00
15,000.00
40,000.00
80,000.00
130,000.00
Public Works
(Buildings & Plant)
12. Brine Production Building
13. Lift Station Telemetry
14. Lift Station AUAR study
15,000.00
20,000.00
100,000.00
15. Lift Station Renovation 180,000.00
16. Municipal Well - Cardinal Ridge 735,000.00
17. Ground Water Storage 2,000,000.00
18. Water Filtration Plant 11,000,000.00
(ImProvements)
19. Street Oveday (Upper Willows, Blind Lake area) 100,000.00
20. Trunk Watermain (CSAH 18) 100,000.00
21. CSAH 12 (Stemmer phase1) 175,000.00
22. McKenna Road Re-alignment 250,000.00
23. Prior Lake Outlet Channel Repairs 300,000.00
24. CSAH 82 Reconstruction 3,340,000.00
Water Resources
(Improvements)
25. Undesirable Fish Containment Program 5,000.00
26. Pondweed Removal Program 5,000.00
27. Lake Bank Stabilization 15,000.00
28. Storm Water Pond Dredging ;~0.000.00
Totals ... 21,630,000.00
Financing Source Summary
$ Project Tax Levy 0.00
o.b. Operating Budget 285,000.00
g.c. Grant/Contributions 75,000.00
g.f. General Fund 90,000.00
u.f. Sewer & Water Utility Fund 240,000.00
s.w. Storm Water Utility Fund 205,000.00
c.p. Capital Park Fund 320,000.00
t.r. Trunk Reserve Fund 3,135,000.00
s.o. Street Oversize Fund 325,000.00
i.g. Intergovernmental 1,255,000.00
s.b. Scott County Bonds (City share) 1,200,000.00
c.b. G.O. CIP Bonds 1,500,000.00
w.r. Water Revenue Bonds 13.000.000-00
Totals ... 21,630,000.00
Financing
185,000.00
1,255,000.00
1,500,000.00
5,000.00
10,000.00
10,000.00
15,000.00
15,000.00
15,000.00
40,000.00
80,000.00
30,000.00
15,000.00
20,000.00
25,000.00
75,O00.0O
180,000.00
735,000.00
2,000,000.00
11,000,000.00
City Cost
Tax Impact
Dollar percentage
o.b.
i.g.
c.b.
c,p.
c.p.
c.p.
c.p.
c.p.
c.p.
c.p.
c.p.
c.p.
u.f.
u.f.
u.f.
g.c.
u.f.
t.r.
w,r.
w.r.
100,000.00 o.b.
100,000.00 t.r.
50,000.00 t.r.
125,000.00 s.o.
50,000.00 t.r.
200,000.00 s.o.
300,000.00 t.r.
1,200,000.00 20.75 2.37%
90,000.00 g.f.
150,000.00 s.w.
1,900,000.00 t.r.
5,000.00 s.w.
5,000.00 s.w.
15,000.00 s.w.
;~0.000.00 s.w.
21,630,000.00
Project Amount Tax Impact
Dollar percentage
$0.00 0.00%
$20.75 2.37%
CAPSULE PROJECT SUMMARY
5~3~05
2007 CIP PROJECTS
Project Description
Park Department
1. Park Entrance Signs
2. Tree Planting Program
3. Backstops - Busse
4. Basketball Courts - Busse & Rice Lake
5. Park Appurtenant Equipment
6. Picnic Shelters (2) - Busse & Rice Lake
7. Playground Equipment- Busse & Rice Lake
8. Watzl's Beach restroom/concession remodel
(Trails)
9. CSAH 21, Busse, Rice Lake
Project Amount
Public Works
(Buildings & Plant.)
10. Lift Station Telemetry
11. Lift Station Renovation
12. Municipal Well - Busse property
(Improvements)
13. Street Overlay (Sand Point area I)
14. CSAH 12 - Hwy 13 intersection leg
5,000.00
10,000.00
10,000.00
10,000.00
15,000.00
40,000.00
80,000.00
150,000.00
110,000.00
15. Carriage Hills Parkway (east of Knob Hill)
16. Itasca Avenue Trunk Water Line
17. Stemmer Ridge Road extension (phase I)
20,000.00
180,000.00
850,000.00
100,000.00
300,000.00
18. CSAH 21/Fish Point Road signal-intersection
Water Resources
(Im.Drovement$)
19. Undesirable Fish Containment Program
20. Pondweed Removal Program
21. Lake Bank Stabilization
22. Storm Water Pond Dredging
23. Woodside Road Pond
24. Storm Drainage Improvements
200,000.00
400,000.00
630,000.00
1,700,000.00
$
S.W.
c.p.
t.r.
S.O.
m.s.
s.a.
i.g.
Totals ...
Financing Source Summary
Project Tax Levy
Operating Budget
Sewer & Water Utility Fund
Storm Water Utility Fund
Capital Park Fund
Trunk Reserve Fund
Street Oversize Fund
Municipal State Aid
Special Assessments
Intergovernmental
5,000.00
5,000.00
15,000.00
30,000.00
60,000.00
80.000.00
5,005,000.00
Project Amount
600,000.00
100,000.00
775,000.00
195,000.00
430,000.00
1,230,000.00
575,000.00
100,000.00
400,000.00
600,000.00
Totals ... 5,005,000.00
Financing
5,000.00
10,000.00
10,000.00
10,000.00
15,000.00
40,000.00
80,000.00
150,000.00
110,000.00
20,000.00
180,000.00
850,000.00
100,000.00
75,000.00
100,000.00
125,000.00
200,000.00
400,000.00
250,000.00
380,000.00
600,000.00
400,000.00
600,000.00
100,000.00
5,000.00
5,000.00
15,000.00
30,000.00
60,000.00
80.000.00
5,005,000.00
Tax Impact
Dollar
$10.00
City Cost
Tax Impact
Dollar Percentage
c.g.
c.p.
c.p.
c.p.
c.p.
c.p.
c.p.
c.p.
c.p.
c.p.
u.f.
o.b.
m.s.
S.O.
S.O.
u.f.
S.O.
t.r.
10.00
s.a.
i.g.
u.f.
1.12%
S.W,
S.W.
S.W.
S.W.
S.W.
S.W.
percentage
1.12%
Project Description
CAPSULE PROJECT SUMMARY
5~3~05
2008 CIP PROJECTS
Fire Department
(Bu~Tdinos & Plant)
110' Ladder Platform Truck
Project Amount
Park Department
(DeveloDment)
2. Park Entrance Signs
3. Tree Planting Program
4. Backstops - Hawk Ridge
5. Basketball Courts - Hawk Ridge
6. Park Appurtenant Equipment
7. Picnic Shelters - Hawk Ridge
8. Playground Equipment - Hawk Ridge & Watzl's
9. White Tail Island Park Gazebo
10. White Tail Island Park Boardwalk
11. Hockey rink - Lakefront Park
(Trails)
12. Hawk Ridge
1,000,000.00
Public Works
(Buildings & Plant)
13. Lift Station Standardization Upgrade
14. Lift Station Renovation
15. Municipal Well - Credit River
(Im_~rovernents)
16. Traffic/Feasibility Study (TH 13 & 150th Street)
5,000.00
10,000.00
10,000.00
5,000.00
15,000.00
20,0OO.OO
65,000.00
20,000.00
60,000.00
75,000.00
30,000.00
17. Street Overlay (Sand Point area II)
18. Fish Point Road extension to CSAH 21
40,000.00
140,000.00
850,000.00
90,000.00
19. Stemmer Ridge Road extension (phase II)
100,000.00
250,000.00
20. Brooksville Hills I Street Reconstruction
630,000.00
Water Resources
(Improvements)
21. Undesirable Fish Containment Program
22. Pondweed Removal Program
23. Lake Bank Stabilization
24. Storm Water Pond Dredging
25. Prior Lake Alum Treatment
2,100,000.00
$
c.p.
t.r.
s.o.
s.a.
i.g.
c.b.
Financing Source Summary
Project Tax Levy
Operating Budget
Sewer & Water Utility Fund
Storm Water Utility Fund
Capital Park Fund
Trunk Reserve Fund
Street Oversize Fund
Special Assessments
Intergovernmental
G.O. CIP Bonds
Totals ...
Totals ...
5,000.00
5,000.00
15,000.00
30,000.00
50.000.00
5,620,000.00
Project Amount
825,000.00
100,000.00
830,000.00
180,000.00
315,000.00
1,280,000.00
480,000.00
550,000.00
60,000.00
1.000.000.00
5,620,000.00
10
Financing
City Cost
Tax Impact
Dollar Percentaae
1,000,000.00 c.b.
5,000.00 c.p.
10,000.00 c.p.
10,000.00. c.p.
5,000.00 c.p.
15,000.00 c.p.
20,000.00 c.p.
65,000.00 c.p.
20,000.00 c.p.
60,000.00 c.p.
75,000.00 c.p.
30,000.00 c.p.
40,000.00 u.f.
140,000.00 u.f.
850,000.00 t.r.
30,000.00 s.o.
60,000.00 i.g.
100,000.00 o.b.
50,000.00 t.r.
200,000.00 s.o.
250,000.00 s.o.
380,000.00 t.r.
825,000.00 13.75
550,000.00 s.a
650,000.00 u.f.
75,000.00 s.w.
1.52%
5,000.00 s.w.
5,000.00 s.w.
15,000.00 s.w.
30,000.00 s.w.
50.000.00 s.w.
5,620,000.00
Taxlmpact
Dollar Percentage
$13.75 1.52%
Project Description
CAPSULE PROJECT SUMMARY
5~3~05
2009 CIP PROJECTS
Park Department
(DeveloDrnent.)
1. Park Entrance Signs
2. Tree Planting Program
3. Backstops - Campbell Lake
4. Basketball Courts- Campbell Lake
5. Park Appurtenant Equipment
6. Picnic Shelters (2) - Spring Lake Township
7. Playground Equipment (2) - Spring Lake Township
8. White Tail Island Park Boardwalk
9. Athletic Field Complex improvements @
*** Spring Lake
*** Sand Point Beach & Campbell Lake Pavilions
(Trails)
10. Fremont Avenue
Project Amount
Public Works
(Buildings & Plant.)
11. Lift Station Renovation
12. Municipal Well- annexation area
(Improvements)
13. Street Overlay (Carriage Hills area I, Raspberry)
14. Trunk Watermain (CSAH 18)
15. Trunk Sewer & Watermain (CSAH 18/42 quad.)
16. CSAH 21 N. Coop Share
5,000.00
15,000.00
10,000.00
10,000.00
20,000.00
40,000.00
80,000.00
50,000.00
5,000,000.00
85,000.00
17. Industrial Park Sewer & Water Extension
125,000.00
860,000.00
100,000.00
100,000.00
300,000.00
790,000.00
Water Resources
(Improvements)
18. Undesirable Fish Containment Program
19. Pondweed Removal Program
20. Lake Bank Stabilization
21. Storm Water Pond Dredging
Totals ...
Financing Source Summary
$ Project Tax Levy
o.b. Operating Budget
g.f. General Fund
u.f. Sewer & Water Utility Fund
s.w. Storm Water Utility Fund
c.p. Capital Park Fund
t.r. Trunk Reserve Fund
m.s. Municipal State Aid
s.a. Special Assessments
r.b. G.O. Referendum Bonds
Totals ...
2,200,000.00
5,000.00
5,000.00
15,000.00
30.000.00
9,845,000.00
Project Amount
0.00
100,000.00
90,000.00
125,000.00
55,OO0.0O
315,000.00
1,860,000.00
300,000.00
2,000,000.00
9,845,000.00
Financing
5,000.00
15,000.00
10,000.00
10,000.00
20,000.00
40,000.00
80,000.00
50,000.00
5,000,000.00
85,000.00
125,000.00
860,000.00
100,000.00
100,000.00
300,000.00
90,000.00
300,000.00
400,000.00
200,000.00
2,000,000.00
5,000.00
5,000.00
15,000.00
30.000.00
9,845,000.00
Tax Impact
Dollar
$0.00
City Cost
Tax Impact
Dollar percentage
c,p.
c.p.
c.p.
c.p.
c.p.
c.p.
c.p.
c.p.
r.b.
c.p,
u.f.
o.b.
t.r.
t.r.
g.f.
m.s.
t.r.
t.r.
s.a.
s.w.
s.w.
s.w.
s.w.
Percentage
0.00%
11
Project Description
Economic Development Authority
Downtown Redevelopment
CAPSULE PROJECT SUMMARY
513105
2010 ClP PROJECTS
Project Amount
1,400,000.00
Park Department
2. Park Entrance Signs
3. Tree Planting Program
4. Backstops - Meadow Lawn
5. Basketball Courts - Meadow Lawn
6. Park Appurtenant Equipment
7. Picnic Shelters (2) - Meadow Lawn & Indian Ridge
8. Playground Equipment- Meadow Lawn
9. Frisbee Golf course @ The Ponds
(Trails.)
10. Meadow Lawn
Public Works
(Buildings & Plant)
11. Lift Station - Meadow View Development
12. Municipal Well - annexation area
(Im.~rovements_)
13. Street Overlay (Carriage Hills area II)
14. CSAH 12 Reconstruction
5,000.00
15,000.00
10,000.00
5,000.00
20,000.00
40,000.00
40,000.00
20,000.00
30,000.00
200,000.00
885,000.00
100,000.00
2,640,000.00
15. Brooksville Hills II Street Reconstruction
2,100,000.00
Water Resources
(Im.~rovements.)
16. Undesirable Fish Containment Program
17. Pondweed Removal Program
18. Lake Bank Stabilization
19. Storm Water Pond Dredging
20. Storm Drainage Improvements
Financing Source Summary
Totals ...
Financing
City Cost
Tax Impact
Dollar Percentage
200,000.00 u.f.
400,000.00 s.a.
800,000.00 s.o.
5,000.00 c.p.
15,000.00 c.p.
10,000.00 c.p.
5,000.00 c.p.
20,000.00 c.p.
40,000.00 c.p.
40,000.00 c.p.
20,000.00 c.p.
c.p.
30,000.00 c.p.
200,000.00 t.r.
885,000.00 t.r.
100,000.00 o.b.
90,000.00 g.f.
300,000.00 s.a.
350,000.00 u.f.
800,000.00 m.s.
1,100,000.00 t.r.
825,000.00 13.25
550,000.00 s.a
650,000.00 u.f.
75,000.00 s.w.
5,000.00 5,000.00 s.w.
5,000.00 5,000.00 s.w.
15,000.00 15,000.00 s.w.
30,000.00 30,000.00 s.w.
80.000.00 80.000.00 s.w.
7,645,000.00 7,645,000.00
$ Project Tax Levy 825,000.00
o.b. Operating Budget 100,000.00
g.f. General Fund 90,000.00
u.f. Sewer & Water Utility Fund 1,200,000.00
s.w. Storm Water Utility Fund 210,000.00
c.p. Capital Park Fund 185,000.00
t.r. Trunk Reserve Fund 2,185,000.00
s.o. Street Oversize Fund 800,000.00
m.s. Municipal State Aid 800,000.00
s.a. Special Assessments
Totals ... 7,645,000.00
Project Amount Tax Impact
[)ollar Percentage
$13.25 1.44%
1.44%
12
CAPSULE PROJECT SUMMARY
513105
2006-10 CIP PROJECT FINANCING SOURCE TOTALS
Financing Source
Amount
$ Project Tax Levy 2,250,000.00
o.b. General Fund Operating Budget 685,000.00
g.i. General Fund Balance 270,000.00
u.i. Sewer & Water Utility Fund 3,170,000.00
s.w. Storm Water Utility Fund 845,000.00
c.p. Capital Park Fund 1,565,000.00
s.o. Street Oversize Fund 2,180,000.00
t.r. Trunk Reserve Fund 9,690,000.00
m.s. Municipal State Aid Fund 1,200,000.00
s.a. Special Assessments 4,200,000.00
g.c. Grant/Contributions 75,000.00
i.g. Intergovernmental 1,915,000.00
w.r. Water Revenue Bonds 13,000,000.00
c.b. G.O. CIP Bonds 2,500,000.00
s.b. G.O. County Bonds 1,200,000.00
r.b. G.O. Referendum Bonds 5,000,000.00
Totals ...
49,745,000.00
13
FINANCING FUNDS PROJECTIONS
513105
(Needs vs. Available Dollars)
2005-2010
Financin,q Source Reques,t,
1/1/05 Fund Six-Year Revenue CIP Construction 1/1/10 Projected
Balances Proiection Demands* Cash Balances
GeneralFund $ 4,689,000.00 $ 1,500,000.00 $ 1,555,000.00 $ 4,634,000.00
Sewer/Water Utility Fund
Storm Water Utility Fund
$ 2,800,000.00 $ 4,000,000.00 $ 4,950,000.00 $ 1,850,000.00
$ 162,000.00 $ 2,139,000.00 $ 1,935,000.00 $ 366,000.00
Capital Park Fund $ 1,414,000.00 $ 2,813,000.00 $ 2,835,000.00 $ 1,392,000.00
Trunk Reserve Fund $ 3,735,000.00 $ 9,048,000.00 $ 10,190,000.00 $ 2,593,000.00
Street Oversize Fund $ 147,000.00 $ 3,045,000.00 $ 2,537,000.00 $ 655,000.00
Municipal State Aid Fund -$
1,319,000.00 $ 3,000,000.00 $ 1,200,000.00 $ 481,000.00
Project Tax Levy --- $ 4,750,000.00 $ 4,750,000.00
Special Assessments
$ 5,075,000.00 $ 5,075,000.00
Grants/Contributions --- $ 75,000.00 $ 75,000.00
Intergovernmental --- $ 1,915,000.00 $ 1,915,000.00
G.O. Referendum Bonds
$ 5,000,000.00 $ 5,000,000.00
Water Revenue Bonds
$ 13,000,000.00 $ 13,000,000.00
G.O. Building Bonds
$ 2,500,000.00 $ 2,500,000.00
TOTALS... $ 11,628,000.00 $ 57,860,000.00 $ 57,517,000.00 $ 11,971,000.00
FOOTNOTES:
CIP Ext~enditures.:
*Construction demands ...
includes Yr. 2005 General Fund $500,000 transfer to Building Fund
includes Yr. 2005 CIP plus encumbered Ring Road & CSAH 42 close-out projects & $866,000
from Capital Park for Spring Lake Park parcel
includes $875,000 annual debt service for Enterprise Fund water treatment plant revenue bonds
includes operating 2005-10 budget estimate of $940,000 for Water Quality
flcvenue Growth Assumptions (six years):
General Fund ...
S/W Utility Fund ...
Stormwater Utility Fund ...
Capital Park ...
Trunk Reserve Fund ...
Street Oversize Fund ...
MSA Fund ...
1/1/05 fund balance plus $1,500,000
1/1/05 fund balance plus $4,000,000
1/1/05 fund balance plus $325,000/yr. + $9,000 annual increment increases (250 permits)
1/1/05 fund balance + 750 new lots (adj. 50% for land dedication) ~ $3,750.00
1/1/05 fund balance plus 600 ac. ~ $11,330/ac. + 1500 permits ~ $1500.00
3/1/05 fund balance plus 600 ac. ~ $4920/ac. plus $19,000 grant, $74,000 MSA
1/1/05 Construction balance of-$1,319,000 + $500,000 annual
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