HomeMy WebLinkAbout07 10 2017 Capital Improvement Program PresentationJuly 10, 2017
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Provide an overview of the Capital
Improvement Program.
Provide details of the 2018 CIP including
any significant shifts in years from the
2017-2021 CIP Plan
Purpose
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The CIP is a multi-year planning document.
It identifies projects for the next five years.
The purpose of the CIP is to assure that
funds are available when projects are
required to meet community needs.
What is CIP?
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Facilities Management Plan
Equipment Replacement Plan
Park Plan
PIR Plan for Street Overlay Projects
Technology Plan
Transportation Plan
Water Plan
Sewer Plan
Storm Water/Water Quality
Multi-Year Plans Included in CIP
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For each plan, staff forecasts estimated
costs (uses of funds) and possible funding
sources (sources of funds).
The approved CIP does not constitute final
project or purchase approval.
What is CIP? (continued)
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Facilities -$873,703
▪Fire Station #1 SCBA Packs and Fill Stations
▪Fire Station #1 Parking Lot & Sidewalk
▪Fire Station #1 Carpet, doors, etc.
‣The 2017 -2021 Facilities Plan assumes the
issuance of Capital Improvement Plan bonds in
an amount not to exceed $1.9 million
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2018 Projects
Vehicles and Equipment -$1,394,027
▪Fire Pumper
▪Public Works 5 Ton, Single Axle Truck
▪Public Works Sweeper
▪Police Patrol Squad
‣The annualized cost of the equipment
replacement is $875,000. The financing plan
includes an increase in the tax levy from
$375,000 in 2017 to $550,000 in 2018.
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2018 Projects (Cont.)
Revolving Park Equipment Fund (Fund 430)
Existing Park Improvements–$368,184
▪Capital & Park Amenity Replacements
▪Trail, Sidewalk and Boardwalk Replacements
‣The financing plan includes an increase in the
tax levy from $30,000 in 2017 to $130,000 in
2018. This is to meet our trail and sidewalk
replacement needs.
2018 Projects (Cont.)
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Capital Park Fund (Fund 225)
‣Revenues are primarily from park dedication fees. Use
of funds in the Capital Park Fund is restricted by
statute.
‣The next neighborhood park development is not
scheduled until 2019.
2018 Projects (Cont.)
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Public Improvement Revolving (PIR) Fund
For Mill and Overlay Projects (Fund 450)
‣The 2018 project includes approximately four
miles of streets in the Willows area. As we
develop the budget, staff will evaluate the
project expenditures and funding sources.
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2018 Projects (Cont.)
Technology -$196,400
▪Laserfiche Upgrade
▪Cartegraph Upgrade
▪Production equipment for City Council control
room
2018 Projects (Cont.)
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Streets Transportation Plan-$21,347,745
▪CSAH 42 and Highway 13
▪Park Avenue (Shift from 2017 to 2018)
▪Franklin Trail from Summer Street to CSAH 44
▪Green Heights /Pershing area Improvements
▪Huron Street Area Improvements
The timing of following projects in the 2017-2021 CIP plan may be
moved:
▪Rolling Oaks Improvement Project
▪Possibly Duluth and TH 13 improvements
2018 Projects -Public Works
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Transportation Plan
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Source Amount
MSA (200,000)
Tax Levy (3,430,000)
Special Assessment (1,702,895)
Water Fund (1,844,500)
Sewer Fund (1,200,000)
Storm Water Fund (491,843)
Total $(8,869,238)
Water -$4,319,480
▪SMSC Joint Water Facility Capital Costs for Filter Cells
($1,500,000 funded from the Water Storage Fund)
▪Watermain replacements associated with street projects
($1,844,500)
▪AMRS Replacement ($850,000)
Sanitary Sewer -$2,131,297
▪Sewer replacements associated with street projects
($1,200,000)
▪AMRS Replacement ($850,000)
2018 Projects (Cont.)
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Storm Water/Water Quality -$601,843
▪Storm Sewer Replacements associated with
street projects ($491,843)
▪Stormwater System Maintenance and
Retrofits
2018 Projects (Cont.)
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1)Transportation plan
▪Project priorities
▪Project financing (debt and/or
rate increase for sewer fund)
Issues
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2)Water Plan
▪Update to SMSC water purchase
agreement. The Water Plan will
need to be updated for any
revision to the rates for water
purchased from the SMSC.
Issues (Cont.)
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3)Tax Levy/Fund Balance Impact
▪Staff will prepare financial
information related to the
impact of the proposed 2018
projects.
Issues (Cont.)
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CIP Workshop 7.10.2017
Tax Levies:2017 2018 $ Change
Equipment Revolving Fund 375,000 550,000 175,000
Revolving Park Equip Fund 213,406 368,184 154,778
Facilities Management Fund - - -
Debt Service 3,646,956 3,426,683 (220,273)
CIP Impact on the 2018 Tax Levy 4,235,362 4,344,867 109,505
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Shifting Duluth/TH13 project to 2018 may impact the 2019
debt levy.
CIP Workshop 7.10.2017
CITY OF PRIOR LAKE
PROPERTY TAX PROJECTION SUMMARY- PRELIMINARY CIP IMPACT ONLY
2017 2018 2019 2020 2021
Debt:
Existing CIP 258,087 554,914 (369,054) (275,795) 12,313
New CIP - - 566,000 303,000 437,000
GESP lease payment 30,000 15,614 - - -
EDA Lease Revenue - - -
Market Referendum (66,700) (790,801) 7,200 7,000 11,720
Change in Debt Levy 221,387 (220,273) 204,146 34,205 461,033
Tax Levies:
Equipment Revolving Fund 375,000 550,000 600,000 600,000 600,000
Revolving Park Equip Fund 213,406 368,184 469,292 563,276 657,649
Facilities Management Fund - - - 30,000 80,000
Debt Service 3,646,956 3,426,683 3,630,829 3,665,034 4,126,067
Breakdown of Change in Levies:
Equipment Revolving Fund 50,000 175,000 50,000 - -
Revolving Park Equip Fund 213,406 154,778 101,108 93,984 94,373
Facilities Management Fund - - - 30,000 50,000
Debt 221,387 (220,273) 204,146 34,205 461,033
CIP Impact on Tax Levy - Preliminary 484,793 109,505 355,254 158,189 605,406
Projected
Tonight –CIP Overview
Next steps:
‣Update plans based on council
discussion and new information
‣Public Presentation-August 07, 2017
Council Discussion
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