HomeMy WebLinkAbout7B Street Reconstruction Plan Amendment Report4646 Dakota Street SE
Prior Lake, MN 55372
CITY COUNCIL AGENDA REPORT
MEETING
DATE:
JANUARY 08, 2018
AGENDA #: 7B
PREPARED
BY:
CATHY ERICKSON, FINANCE DIRECTOR
JASON WEDEL, PUBLIC WORKS DIRECTOR
PRE-
SENTED
BY:
CATHY ERICKSON
AGENDA
ITEM:
CONDUCT A PUBLIC HEARING TO CONSIDER APPROVAL OF A RESOLUTION
APPROVING AN AMENDED 2017-2021 STREET RECONSTRUCTION PLAN
DISCUS-
SION:
Introduction
The purpose of this agenda item is for the City Council to conduct a public hearing on
the proposed amendment to the projects within the 2017-2021 Street Reconstruction
Plan. Since the Street Reconstruction Plan proposes to utilize bonds issued under State
Statutes 475.58, a public hearing for purposes of reviewing the amended street recon-
struction plan is required.
History
The Capital Improvement (CIP) is designed to identify infrastructure improvements and
the associated funding sources needed due to ongoing maintenance, repair and com-
munity growth. The Transportation Plan portion of the Capital Improvement Plan (CIP) is
a long-term (2017-2026) planning document that identifies the major roadway improve-
ments involving both new and reconstruction projects that need to be coordinated with
Scott County. The Street Reconstruction Plan (See pages 22-26 on Attachment 1) is a
part of the overall City Transportation Plan. Resolution 16-110 approving the adoption
of the Reconstruction Plan is also included as Attachment 2
Considering the extent of work planned along the Highway 13 corridor, staff presented a
workshop report on August 7 to discuss shifting the Duluth & Highway 13 project from
2019 to the fall of 2018. Staff presented another workshop update for this project on
12/4/2017 (See Attachment 3).
Current Circumstances
A public hearing is being held today to receive public input on the amendment to the 2017-
2021 Street Reconstruction Plan. The proposed plan amendment is to add the Duluth Ave-
nue and Highway 13 project to 2018. The Transportation Plan funding for this project was
originally planned to be financed with improvement bonds (under State Statutes 429).
Upon further review, Staff is proposing the use of street reconstruction bonds (under State
Statutes 475.58) to finance the project.
The tax levy impact of the project is estimated to be between $1M and 1.3M, depending on
the final design, ROW acquisition, etc. Since this project was not included in the 2017-2021
Street Reconstruction Plan, staff is requesting Council approval to amend the plan to in-
clude the project at an amount of $1,300,000.
2
ISSUES:
FINANCIAL
IMPACT:
ALTERNA-
TIVES:
Conclusion
The City Council should hear the staff report regarding the proposed amendment to the
Street Reconstruction Plan. Following Council questions to staff, the public hearing
should be opened by motion and second and remain open until all persons desiring to
be heard have spoken. The public hearing should be closed by motion and second,
questions raised by the audience should be answered. The Council should then deliber-
ate and consider approving the resolution authorizing the 2017-2021 Amended Street
Reconstruction Plan as presented or with any recommended changes.
There are two key issues relating to the Street Reconstruction Plan and the subsequent is-
suance of Street Reconstruction bonds. The first is the State Legislature changed the re-
quirements for approving a street reconstruction plan. The Street Reconstruction Plan
must be approved by a vote of a two-thirds majority of the members of the governing body
present at the meeting following a public hearing. The prior requirement was for the ap-
proval by all members of the governing body present at the meeting fol-lowing the public
hearing.
The second issue is that if within 30 days of the Public Hearing a petition signed by at least
5% of the votes cast in the last municipal election is received, the City may only issue
Street Reconstruction bonds after approval of a referendum in accordance with State Stat-
ute. By approving the Amended 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.
Approval of the Amended Street Reconstruction Plan does not constitute final project or
purchase approval. Projects and all purchases over $20,000 will come back to the City
Council for subsequent approvals. All future bonding decisions are approved by the City
Council, as well.
The 2017-2021 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 the issuance of about $4 mil-
lion in bonding for projects in the Street Reconstruction Plan of the Transportation Plan for
2017-2021.
See Attachment 4 for the proposed 2017-2021 Amended Street Reconstruction Plan.
The following alternatives are available to the City Council:
1.Motion and Second to close the Public Hearing and approve the 2017-2021
Amended Street Reconstruction Plan as presented or;
2.Motion and Second to close the Public Hearing and Amend Street Reconstruction
Plan and adopt Resolution according to specific Council changes.
RECOM-
MENDED
MOTION:
Alternative #1
3
REPORTS
ATTACHED
1.2017-2021 Street Reconstruction Plan (pages 22-26 of 2017-2021 Capital Improvement
Plan)
2.Resolution 16-110 approving adoption of the Street Reconstruction Plan
3.12/04/2017 Duluth & TH13 Work Session Presentation
4.Proposed 2017-2021 Amended Street Reconstruction Plan
RESOLUTION
RESOLUTION APPROVING AMENDMENT TO
STREET RECONSTRUCTION PLAN AND CONFIRMING INTENT TO ISSUE BONDS
THEREUNDER
WHEREAS, pursuant to Minnesota Statutes, Section 475.58, subdivision 3b (the “Act”), the City
of Prior Lake, Minnesota (the "City") may issue bonds without an election to finance capital expenditures
under an approved street reconstruction plan provided that, among other things, the City adopts the plan
after a public hearing thereon and publishes a notice of its intention to issue the bonds and the date and time
of a hearing to obtain public comment on the matter; and
WHEREAS, the City Council, foll owing a public hearing on August 22, 2016, adopted a street
reconstruction plan and authorized the issuance of general obligation street reconstruction bonds
pursuant to the Act which includes street improvements (the "Plan); and
WHEREAS, there has been presented to the City Council a proposed First Amendment to the
Plan (the “Amendment”); and
WHEREAS, on the date hereof the City Council, pursuant to published notice , held a public
hearing on the Amendment and on the City Council’s intention to issue bonds under the Act as described
in the Amendment ; and
WHEREAS, in considering the Ame ndment, the Council considered for each project and the
overall Plan (including the Amendment) the matters identified in the Act; and
WHEREAS, the Amendment contemplates the issuance of approximately $4,015,000 of bonds
as described therein;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Prior Lake,
Minnesota, as follows:
1. The Amendment is hereby approved and City staff is authorized to take such other action
as may be necessary or appropriate to carry out the Plan, as amende d, in accordance with applicable
law.
2. The City Council ’s intention to issue approximately $4,015,000 general obligation street
reconstruction bonds as described in the Amendment is hereby confirmed; provided, however, that if
a petition requesting a vo te on the issuance of the bonds, signed by voters equal to five percent of the
votes cast in the City in the last municipal general election is filed with the City Clerk by February 7,
2018, the City may issue the bonds only after obtaining approval of a majority of voters voting on the
question of issuing the bonds .
2. The City Co uncil hereby declares its official int ent pursuant to Treasury Reg. 1.150-2 that
the City shall be reimbursed from the proceeds of such bonds for any costs of the improvements
described in the Plan, as amended, which are paid prior to the issuance of the bonds .
Whereupon said resolution was declared duly passed and adopted this 8th day of January 2018.
Adopted this 8th day of January, 2018.
___________________________________________ _________________________________
City Manager Mayor
STATE OF MINNESOTA
COUNTY OF SCOTT ) SS
CITY OF PRIOR LAKE
CERTIFICATE OF CITY CLERK
I, the undersigned duly appointed and acting City Clerk for the City of Prior Lake do hereby certify
that the attached and foregoing Resolution was duly adopted by the Prior Lake City Council at its Regular
Meeting of January 8, 2018, and as recorded in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this ________ day of January 2018.
City Clerk
4646 Dakota Street SE
Prior Lake, MN 55372
Date: August 22, 2016
To: Mayor Hedberg, Council Members and Residents of Prior Lake
From: Frank Boyles, City Manager
Subject: 2017-2021 Capital Improvement Program
One of the most fundamental responsibilities of local government is planning for, constructing and maintaining the
community’s investments including streets, trails, sewer, water, parks and public buildings. Taken together, this
investment in infrastructure is the physical fabric of our community which provides for our public safety and
health.
Prior Lake’s five-year Capital Improvement Program is directly responsive to the City’s 2040 Vision and Strategic
Plan. The Strategic Plan serves as our vision and our “things to do” list. How that list is prioritized, funded and
converted into City projects is determined largely through the five-year Capital Improvement Program (often
referred to as the CIP).
Each year, forecasts for projects that will be needed, estimated costs and possible funding sources are programmed
into the CIP for the next five years. The CIP is updated, evaluated and approved each year by the City Council as
projects are completed and priorities change. The purpose of the CIP is to assure that funds are available when
projects are required to meet community needs.
I encourage you to review the attached 2017-2021 CIP. It contains new and continued projects critical to the
development of our community and achievement of our 2040 Vision and Strategic Plan goals. It reflects an
aggressive approach to upgrading the conditions of our streets and infrastructure in direct response to citizens’
feedback.
All-in-all, the 2040 Vision and Strategic Plan establishes the vision for our community…and the Capital
Improvement Program helps us to achieve it!
2017 – 2021 CAPITAL IMPROVEMENT PROGRAM
Adopted August 22, 2016
by the
PRIOR LAKE CITY COUNCIL
Term Expires
Mayor Kenneth L. Hedberg December 31, 2016
Councilmember Rick Keeney December 31, 2016
Councilmember Mike McGuire December 31, 2018
Councilmember Monique Morton December 31, 2016
Councilmember Annette Thompson December 31, 2018
STAFF
City Manager Frank Boyles
Assistant City Manager Lori Olson
Finance Don Uram/Cathy Erickson
City Engineer Larry Poppler
Public Works Katheryn Gehler
Police Chief Mark Elliott
Fire Chief Doug Hartman
Community Development Dan Rogness
TABLE OF CONTENTS
1. Demands versus Funding Sources
This table shows the impact of the improvements identified in the CIP on
each of the funding sources.
2. Projects by Department
This table categorizes each of the projects by department. The associated
funding source for each project is also shown.
3. Projects by Funding Source
This table categorizes each of the projects by funding source.
4. Project Detail
This table provides a detailed description, purpose, and cost/benefit impact
statement for each of the projects.
5. Transportation Plan (2017-2026)
This table provides a ten-year summary of street improvement projects.
The 2017-2021 Street Reconstruction Plan identifies the projects that could
potentially be funded by street reconstruction bonds.
6. Equipment Replacement Plan (2017-2026)
A table provides a summary of the uses and sources of funds.
Detailed equipment schedules are included for the following departments:
o Fire Department
o Police Department
o Public Works Department
7. Park Equipment Replacement Plan (2017-2026)
This table provides a summary of uses and sources of funds.
It also identifies future community park referendum needs.
8. Technology Plan (2017-2026)
This table provides a summary of uses and sources of funds.
9. Facilities Management Plan (2017-2026)
This table provides a summary of uses and sources of funds.
The 2016-2021 Capital Improvement Plan identifies the projects that could
potentially be funded by capital improvement plan bonds.
10. Enterprise Funds
These tables provide a summary of uses and sources of funds for Water,
Sewer and Storm Water.
11. Debt Analysis & Tax Impact
2017 - 2021 CAPITAL IMPROVEMENT PROGRAM
“COMMUNITY ASSETS - Infrastructure (utilities, parks, roadways, etc.) is the essential
capital cornerstone of a vibrant, quality community. We strive to invest in infrastructure using
specifications which emphasize longevity and cost-effectiveness to maximize productive live.” –
2040 Vision and Strategic Plan
“Community Capital Assets,” one of the seven strategic elements of the 2040 Vision and
Strategic Plan (2040 VSP), represents an area of strategic importance that must be addressed to
make the 2040 VSP a reality.
The Prior Lake Capital Improvement Program (CIP) addresses this vision element by focusing on
long-term planning for the expansion, replacement and/or maintenance of capital assets. Capital
assets refer to infrastructure (water, sewer, storm water, and streets), vehicles and equipment,
park equipment, facilities, and technology software and hardware.
The CIP is reviewed on an annual basis to identify the need for expansion, replacement and/or
maintenance; the timeframe to complete the project; and the appropriate funding source. The
final document reflects the specific goals, policies and priorities of the City Council and the 2040
Vision and Strategic Plan. It is important to note that the CIP is a planning document and
contains estimates for the project and equipment costs. Prior to the implementation of any
individual improvement project, staff must prepare a feasibility study, conduct a public hearing,
request bids for the construction costs, and obtain approval for all phases of the project from the
City Council.
The CIP also includes the following long-term plans: Transportation Plan, Equipment
Replacement Plan, Park Equipment Replacement Plan, Technology Plan, Facilities Management
Plan and plans for each of the three enterprise funds including Water, Sewer, and Storm Water.
A ten (10) year Transportation Plan has been developed in an effort to coordinate city and county
improvements that require a cooperative funding agreement between our two jurisdictions. In
previous documents, a summary was provided that identified the street reconstruction projects.
This year the document includes the full text version of the Street Reconstruction Plan to provide
readers with a better understanding of the proposed projects and associated costs.
The Equipment Replacement Plan serves to identify the City’s equipment needs on a long-term
basis and to provide a regular replacement schedule. The equipment purchases for the Fire, Police
and Public Works departments are processed through a revolving equipment fund. Equipment
purchases that are typically less than $5,000 are incorporated into the annual operating budgets
for the specific departments.
The Park Equipment Replacement Plan identifies the equipment needs for each neighborhood and
community park over the next ten (10) years.
The Technology Plan identifies the hardware and major software needs for each department and
establishes a regular replacement schedule for over the next ten (10) years.
The Facilities Management Plan identifies major repairs or improvements to all City-owned
buildings over the next ten (10) years. Included in this year’s document is a specific Capital
Improvement Plan relating to the issuance of capital improvement plan bonds for certain facility
needs.
The Enterprise Funds plans identify the amount of capital necessary for infrastructure
improvements over the next ten (10) years.
CITY OF PRIOR LAKE DEMANDS VS. FUNDING SOURCES
CAPITAL IMPROVEMENT PROGRAM Adopted 08.22.2016
2017 - 2021
01/01/2016 Six-Year Revenue CIP Construction 01/01/2022
Funding Source Balances Projection (Net)Demands Projected Balances
Water Fund 2,599,745 6,697,742 6,468,722 2,828,765
Sewer Fund 1,598,684 4,585,429 5,038,693 1,145,420
Water Quality Fund 688,972 2,506,156 2,833,715 361,413
Capital Park Fund 451,942 2,210,552 340,000 2,322,494
Trunk Reserve Fund 1,603,263 1,282,058 1,450,000 1,435,321
Street Oversize Fund 670,158 163,089 60,000 773,248
Water Storage Fund 1,139,394 1,209,491 - 2,348,885
Revolving Equipment Fund 753,366 3,598,346 3,858,805 492,907
Revolving Park Equip Fund 392,313 2,318,303 2,421,808 288,808
Cable Franchise Fund 66,685 45,532 14,797 97,420
Facilities Management Fund 401,053 386,968 672,440 115,581
Municipal State Aid - 1,000,000 1,000,000 -
Project Tax Levy - 18,785,000 18,785,000 -
Special Assessments - 5,749,143 5,749,143 -
Referendum - - -
Intergovernmental - 40,790,575 40,790,575 -
Grants or Other Contributions - 260,000 260,000 -
General Fund - Technology 308,947 308,947
TOTALS $10,365,575 91,897,330 90,052,644 12,210,261
CITY OF PRIOR LAKE PROJECTS BY DEPARTMENT
CAPITAL IMPROVEMENT PROGRAM Adopted 08.22.2016
2017 - 2021
CIP
Project Reference 2017 2018 2019 2020 2021 Total
Public Works (Parks)
Capital Replacement Projects CIP1 50,000 100,776 97,762 87,500 77,500 413,538
Revolving Park Equipment Fund 50,000 100,776 97,762 87,500 77,500 413,538
Park Amenities Replacement CIP2 133,406 137,408 141,530 145,776 150,149 708,270
Revolving Park Equipment Fund 133,406 137,408 141,530 145,776 150,149 708,270
Trail, Sidewalk, and Boardwalk Replacement CIP3 30,000 130,000 230,000 330,000 430,000 1,150,000
Revolving Park Equipment Fund 30,000 130,000 230,000 330,000 430,000 1,150,000
Natural Area Restoration CIP4 - - - - - -
Revolving Park Equipment Fund - - - - - -
Existing Trail & Sidewalk Gap Priorities CIP5 - - - 150,000 - 150,000
Revolving Park Equipment Fund - - - 150,000 - 150,000
Neighborhood Park Development CIP6 - - 170,000 - 170,000 340,000
Capital Park Fund - - 170,000 - 170,000 340,000
New Development Trail Alignments CIP7 - - - - - -
Capital Park Fund - - - - - -
Community Park Development and Renovation CIP8 - - - - - -
Capital Park Fund - - - - -
Referendum - - - - - -
Public Works (Parks) Total 213,406 368,184 639,292 713,276 827,649 2,761,808
Page 1 of 6
CITY OF PRIOR LAKE PROJECTS BY DEPARTMENT
CAPITAL IMPROVEMENT PROGRAM Adopted 08.22.2016
2017 - 2021
CIP
Project Reference 2017 2018 2019 2020 2021 Total
Public Works (Streets)
Street Improvements (Partnership Projects)CIP9 15,120,000 12,778,507 10,647,268 4,729,800 - 43,275,575
Project Levy 75,000 - 675,000 1,050,000 - 1,800,000
Special Assessments - - - 175,000 - 175,000
State/Federal 75,000 150,000 - 205,000 - 430,000
County 14,795,000 11,428,507 9,972,268 3,099,800 - 39,295,575
Other Municipality 165,000 900,000 - - - 1,065,000
Grants or Other Contributions - - - - -
City MSA Funds - 200,000 - 200,000 - 400,000
Street Oversize Funds - - - - - -
Trunk Reserve Funds - - - - - -
Water Quality Fund - - - - - -
Water Fund 10,000 100,000 - - - 110,000
Sewer Fund - - - - - -
Capital Park Fund - - - - - -
Street Improvements (City Jurisdiction)CIP10 8,271,863 8,469,738 1,950,000 5,623,018 5,111,739 29,426,358
Project Levy 3,420,000 3,280,000 1,500,000 2,695,000 2,640,000 13,535,000
Special Assessments 1,910,945 1,602,895 120,000 1,207,607 732,696 5,574,143
Grants or Other Contributions - - - - 260,000 260,000
City MSA Funds - - 200,000 - 400,000 600,000
Street Oversize Fund - - - - 60,000 60,000
Trunk Reserve Fund - - - - 200,000 200,000
Water Quality Fund 371,418 491,843 40,000 291,411 304,044 1,498,715
Water Fund 1,794,500 1,695,000 50,000 1,039,000 350,000 4,928,500
Sewer Fund 775,000 1,400,000 40,000 390,000 165,000 2,770,000
Public Works (Streets) Total 23,391,863 21,248,245 12,597,268 10,352,818 5,111,739 72,701,933
Page 2 of 6
CITY OF PRIOR LAKE PROJECTS BY DEPARTMENT
CAPITAL IMPROVEMENT PROGRAM Adopted 08.22.2016
2017 - 2021
CIP
Project Reference 2017 2018 2019 2020 2021 Total
Public Works (Water)
Meter Replacement Program CIP11 850,000 - - - - 850,000
Water Fund 850,000 - - - - 850,000
-
Wells CIP12 - - - - - -
Water Fund - - - - - -
Watermain Improvements CIP13 - - - - - -
Water Fund - - - - - -
Trunk Reserve Fund - - - - - -
Water System CIP14 353,000 106,090 1,109,273 112,551 115,927 1,796,841
Water Fund 103,000 106,090 109,273 112,551 115,927 546,841
Trunk Reserve Fund 250,000 - 1,000,000 - - 1,250,000
Pressure Reducing Valves CIP15 - - - - - -
Trunk Reserve Fund - - - - - -
Water Storage CIP16 - - - - - -
Water Storage Fund - - - - - -
Public Works (Water) Total 1,203,000 106,090 1,109,273 112,551 115,927 2,646,841
Page 3 of 6
CITY OF PRIOR LAKE PROJECTS BY DEPARTMENT
CAPITAL IMPROVEMENT PROGRAM Adopted 08.22.2016
2017 - 2021
CIP
Project Reference 2017 2018 2019 2020 2021 Total
Public Works (Sanitary Sewer)
Meter Replacement Program CIP 11 850,000 - - - - 850,000
Sewer Fund 850,000 - - - - 850,000
Sanitary Improvement CIP17 - - - - 600,000 600,000
Sewer Fund - - - - 600,000 600,000
Inflow / Infiltration Prevention CIP18 - - 150,000 154,500 159,135 463,635
Sewer Fund - - 150,000 154,500 159,135 463,635
Sewer System Equipment Replacement CIP19 60,589 62,407 64,279 66,208 68,194 321,677
Sewer Fund 60,589 62,407 64,279 66,208 68,194 321,677
Public Works (Sanitary Sewer) Total 910,589 62,407 214,279 220,708 827,329 2,235,312
Public Works (Storm Water)
Stormwater Infrastructure Maintenance CIP20 60,000 60,000 60,000 60,000 20,000 260,000
Water Quality Fund 60,000 60,000 60,000 60,000 20,000 260,000
Pond Maintenance & Retrofit CIP21 300,000 25,000 300,000 25,000 300,000 950,000
Water Quality Fund 300,000 25,000 300,000 25,000 300,000 950,000
Stormwater Improvements CIP22 25,000 25,000 25,000 25,000 25,000 125,000
Water Quality Fund 25,000 25,000 25,000 25,000 25,000 125,000
Public Works (Storm Water) Total 385,000 110,000 385,000 110,000 345,000 1,335,000
Page 4 of 6
CITY OF PRIOR LAKE PROJECTS BY DEPARTMENT
CAPITAL IMPROVEMENT PROGRAM Adopted 08.22.2016
2017 - 2021
CIP
Project Reference 2017 2018 2019 2020 2021 Total
Vehicles & Equipment
Equipment Replacement Plan CIP23 860,704 1,408,336 836,856 1,006,203 1,136,706 5,248,805
Revolving Equipment Fund 860,704 743,336 836,856 1,006,203 411,706 3,858,805
Project Levy - 665,000 - - 725,000 1,390,000
Vehicle & Equipment Total 860,704 1,408,336 836,856 1,006,203 1,136,706 5,248,805
Facilities
Facilities Management Plan CIP24 852,139 950,352 89,963 68,979 771,008 2,732,440
Facilities Management Fund 232,139 110,352 89,963 68,979 171,008 672,440
Project Levy 620,000 840,000 - - 600,000 2,060,000
Facilities Total 852,139 950,352 89,963 68,979 771,008 2,732,440
Technology
Technology Plan CIP25 116,170 60,631 87,748 93,178 32,779 390,506
General Fund - Technology 78,390 53,561 58,766 85,451 32,779 308,947
Water Fund 18,890 - 14,491 - - 33,381
Sewer Fund 18,890 - 14,491 - - 33,381
Water Quality Fund - - - - - -
Cable Franchise Fund - 7,070 - 7,727 - 14,797
Technology Total 116,170 60,631 87,748 93,178 32,779 390,506
GRAND TOTALS 27,932,872 24,314,242 15,959,679 12,677,712 9,168,137 90,052,644
Page 5 of 6
CITY OF PRIOR LAKE PROJECTS BY DEPARTMENT
CAPITAL IMPROVEMENT PROGRAM Adopted 08.22.2016
2017 - 2021
CIP
Project Reference 2017 2018 2019 2020 2021 Total
TOTALS BY FUNDING SOURCES
Project Levy 4,115,000 4,785,000 2,175,000 3,745,000 3,965,000 18,785,000
Special Assessments 1,910,945 1,602,895 120,000 1,382,607 732,696 5,749,143
Referendum - - - - - -
Grants or Other Contributions - - - - 260,000 260,000
State/Federal 75,000 150,000 - 205,000 - 430,000
County 14,795,000 11,428,507 9,972,268 3,099,800 - 39,295,575
Other Municipality 165,000 900,000 - - - 1,065,000
City MSA Funds - 200,000 200,000 200,000 400,000 1,000,000
Capital Park Fund - - 170,000 - 170,000 340,000
Street Oversize Fund - - - - 60,000 60,000
Trunk Reserve Fund 250,000 - 1,000,000 - 200,000 1,450,000
Water Quality Fund 756,418 601,843 425,000 401,411 649,044 2,833,715
Water Fund 2,776,390 1,901,090 173,764 1,151,551 465,927 6,468,722
Sewer Fund 1,704,479 1,462,407 268,770 610,708 992,329 5,038,693
Water Storage Fund - - - - - -
General Fund - Technology 78,390 53,561 58,766 85,451 32,779 308,947
Revolving Equipment Fund 860,704 743,336 836,856 1,006,203 411,706 3,858,805
Revolving Park Equipment Fund 213,406 368,184 469,292 713,276 657,649 2,421,808
Cable Franchise Fund - 7,070 - 7,727 - 14,797
Facilities Management Fund 232,139 110,352 89,963 68,979 171,008 672,440
27,932,872 24,314,242 15,959,679 12,677,712 9,168,137 90,052,644
Page 6 of 6
CITY OF PRIOR LAKE PROJECTS BY FUNDING SOURCE
CAPITAL IMPROVEMENT PROGRAM Adopted 08.22.2016
2017 - 2021
Project 2017 2018 2019 2020 2021 Total
Project Levy
Street Reconstruction (Co. Rd.)75,000 - 675,000 1,050,000 - 1,800,000
Street Improvements (City)3,420,000 3,280,000 1,500,000 2,695,000 2,640,000 13,535,000
Equipment Replacement Plan - 665,000 - - 725,000 1,390,000
Facilities Management Plan 620,000 840,000 - - 600,000 2,060,000
4,115,000 4,785,000 2,175,000 3,745,000 3,965,000 18,785,000
Special Assessments
Street Reconstruction (Co. Rd.)- - - 175,000 - 175,000
Street Improvements (City)1,910,945 1,602,895 120,000 1,207,607 732,696 5,574,143
1,910,945 1,602,895 120,000 1,382,607 732,696 5,749,143
Referendum
Community Park Development and Renovation - - - - - -
- - - - - -
Grants or Other Contributions
Street Improvements (Partnership Projects)- - - - - -
Street Improvements (City)- - - - 260,000 260,000
- - - - 260,000 260,000
State/Federal
Street Reconstruction (Co. Rd.)75,000 150,000 - 205,000 - 430,000
75,000 150,000 - 205,000 - 430,000
County
Street Reconstruction (Co. Rd.)14,795,000 11,428,507 9,972,268 3,099,800 - 39,295,575
14,795,000 11,428,507 9,972,268 3,099,800 - 39,295,575
Other Municipality
Street Improvements (Partnership Projects)165,000 900,000 - - - 1,065,000
165,000 900,000 - - - 1,065,000
City MSA Funds
Street Reconstruction (Co. Rd.)- 200,000 - 200,000 - 400,000
Street Improvements (City)- - 200,000 - 400,000 600,000
- 200,000 200,000 200,000 400,000 1,000,000
Capital Park Fund
Neighborhood Park Development - - 170,000 - 170,000 340,000
New Development Trail Alignments - - - - - -
Community Park Development and Renovation - - - - - -
Street Improvements (Partnership Projects)- - - - - -
- - 170,000 - 170,000 340,000
Page 1 of 3
CITY OF PRIOR LAKE PROJECTS BY FUNDING SOURCE
CAPITAL IMPROVEMENT PROGRAM Adopted 08.22.2016
2017 - 2021
Project 2017 2018 2019 2020 2021 Total
Street Oversize Fund
Street Reconstruction (Co. Rd.)- - - - - -
Street Improvements (City)- - - - 60,000 60,000
- - - - 60,000 60,000
Trunk Reserve Fund
Street Reconstruction (Co. Rd.)- - - - - -
Street Improvements (City)- - - - 200,000 200,000
Water Treatment 250,000 - 1,000,000 - - 1,250,000
Pressure Reducing Valves - - - - - -
250,000 - 1,000,000 - 200,001 1,450,000
Water Quality Fund
Street Reconstruction (Co. Rd.)- - - - - -
Street Improvements (City)371,418 491,843 40,000 291,411 304,044 1,498,715
Stormwater Infrastructure Maintenance 60,000 60,000 60,000 60,000 20,000 260,000
Pond Maintenance & Retrofit 300,000 25,000 300,000 25,000 300,000 950,000
Stormwater Improvements 25,000 25,000 25,000 25,000 25,000 125,000
Technology Plan - - - - - -
756,418 601,843 425,000 401,411 649,044 2,833,715
Water Fund
Street Reconstruction (Co. Rd.)10,000 100,000 - - - 110,000
Street Improvements (City)1,794,500 1,695,000 50,000 1,039,000 350,000 4,928,500
Meter Replacement Program 850,000 - - - - 850,000
Wells - - - - - -
Watermain Improvements - - - - - -
Water System 103,000 106,090 109,273 112,551 115,927 546,841
Technology Plan 18,890 - 14,491 - - 33,381
2,776,390 1,901,090 173,764 1,151,551 465,927 6,468,722
Sewer Fund
Street Reconstruction (Co. Rd.)- - - - - -
Street Improvements (City)775,000 1,400,000 40,000 390,000 165,000 2,770,000
Meter Replacement Program 850,000 - - - - 850,000
Sanitary Improvement - - - - 600,000 600,000
Inflow / Infiltration Prevention - - 150,000 154,500 159,135 463,635
Sewer System Equipment Replacement 60,589 62,407 64,279 66,208 68,194 321,677
Technology Plan 18,890 - 14,491 - - 33,381
1,704,479 1,462,407 268,770 610,709 992,330 5,038,693
Page 2 of 3
CITY OF PRIOR LAKE PROJECTS BY FUNDING SOURCE
CAPITAL IMPROVEMENT PROGRAM Adopted 08.22.2016
2017 - 2021
Project 2017 2018 2019 2020 2021 Total
Water Storage Fund
Water Storage - - - - - -
- - - - - -
General Fund
Technology Plan 78,390 53,561 58,766 85,451 32,779 308,947
78,390 53,561 58,766 85,451 32,779 308,947
Revolving Equipment Fund
Equipment Replacement Plan 860,704 743,336 836,856 1,006,203 411,706 3,858,805
860,704 743,336 836,856 1,006,203 411,706 3,858,805
Revolving Park Equipment Fund
Capital Replacement Projects 50,000 100,776 97,762 87,500 77,500 413,538
Park Amenities Replacement 133,406 137,408 141,530 145,776 150,149 708,270
Trail, Sidewalk, and Boardwalk Replacement 30,000 130,000 230,000 330,000 430,000 1,150,000
Natural Area Restoration - - - - - -
Existing Trail & Sidewalk Gap Priorities - - - 150,000 - 150,000
213,406 368,184 469,292 713,276 657,649 2,421,808
Cable Franchise Fund
Technology Plan - 7,070 - 7,727 - 14,797
- 7,070 - 7,727 - 14,797
Facilities Management Fund
Facilities Management Plan 232,139 110,352 89,963 68,979 171,008 672,440
232,139 110,352 89,963 68,979 171,008 672,440
27,932,872 24,314,242 15,959,679 12,677,712 9,168,137 90,052,644
Page 3 of 3
CITY OF PRIOR LAKE PROJECT DETAIL
CAPITAL IMPROVEMENT PROGRAM Adopted 08.22.2016
2017 - 2021
CIP Cost / Benefit
Project Reference Description Purpose Impact Statement
Public Works (Parks)
Capital Replacement Projects CIP1 Replacement or Renovation of Existing Facilities
including buildings, parking lots, fields, and lighting.
To replace and renovate park facilities that have
served their useful life and need to be replaced or
rehabilitated to ensure safety of use.
Replacement or renovation would be completed
within the context of full community park needs
and development.
Park Amenities Replacement CIP2 Park amenity replacements including regular
replacement of park furniture, play structures,
enclosures, shelters, courts, etc.
To replace and renovate park amenities that have
served their useful life and need to be replaced or
rehabilitated to ensure safety of use.
Replacements necessary to maintain City park
system.
Trail, Sidewalk, and Boardwalk Replacement CIP3 Replace trail, sidewalk and boardwalks.
Trail and Sidewalk Inventory, condition rating, and
priority being analyzed.
To replace trails, sidewalks or boardwalks that
have a degraded pavement surface, ADA
compliance issues or have other structural
defects.
Improved trail, sidewalk and boardwalk surfaces
will improve the user experience and limit any
potentially liability for ADA claims.
Natural Area Restoration CIP4 Restoration of natural areas
Inventory, Condition Rating, and Priority being
completed.
N/A N/A
Existing Trail & Sidewalk Gap Priorities CIP5 Replacement of trails, sidewalk and boardwalks.
Trail and Sidewalk Gaps Analysis in progress.
N/A N/A
Neighborhood Park Development CIP6 Neighborhood Park Development
2019 - Undefined Park
2021 - Undefined Park
Construction of neighborhood parks to support
development.
The Comprehensive Plan and Park Dedication
Fees have anticipated the construction of
additional neighborhood parks to serve growth of
the community.
New Development Trail Alignments CIP7 Construction of new trail segments in newly
developing areas.
To ensure a connected network of trails and
sidewalks for transportation and recreational
purposes.
The Comprehensive Plan, Trail and sidewalk
Gaps Study and Park Dedication Fees Study
have anticipated the development of additional
trails to serve the growing and changing needs of
the community.
Community Park Development and Renovation CIP8 Development of new community parks.Construction of community parks to support
communities recreational needs.
The Comprehensive Plan, Master Park Plan and
Park Dedication Fees Study have anticipated the
development of additional community parks to
serve the growing and changing needs of the
community.
Page 1 of 4
CITY OF PRIOR LAKE PROJECT DETAIL
CAPITAL IMPROVEMENT PROGRAM Adopted 08.22.2016
2017 - 2021
CIP Cost / Benefit
Project Reference Description Purpose Impact Statement
Public Works (Streets)
Street Reconstruction (Project Partnerships)CIP9 2017 - County Wide Flashing Yellow Signal
Conversion
2017 - CSAH 83
These are Scott County or MNDOT projects. City
will participate in storm sewer and other
improvements on a cost sharing basis through a
cooperative agreement.
These County or State Highway Improvement
Projects will restore the driving surface and
improve storm drainage in these respective
areas.
2018 - CR42/TH13
2019 - CR 21 / TH 13 / Main Ave / Arcadia Signal
2019 - CSAH 21 Bridge Deck Replacement
2020 - Duluth Avenue / TH 13 signal / Village Lake
Roundabout
2020 - CSAH 21 and CSAH 87
Street Improvements (City Jurisdiction)CIP10 2017 - Albany/CJ Circle/Five Hawks/Cates, Park,
Balsam/Sunrise/Spruce, Sycamore, Franklin Trail (TH
13 to CR 21 south)
To rehabilitate, reconstruct, or construct streets to
extend useable life or reconstruct streets to a 7-
ton or 9-ton standard.
Improved streets will reduce maintenance for the
streets and for vehicles.
2018 - Pershing/Dunkirk/Dutch/Roanoke/Green
Hts/Spring, Huron/Wildwood/Woodside/Santee,
Franklin Trail (CR 44 to Summer)
2019 - Arcadia Ave. (Colorado to Pleasant), Fish Pt
Road (Fawn Meadows to CR 21)
2020 - Hidden Oaks/Timberview/Timber,
Millers/Omega/Glory, Fish Point Road (CR 44 to TH
13)
2021 - Northwood Road (Fremont to Knollridge),
Northwood Road (Knollridge to CSAH 12),
Knollridge/Hawk Ridge/Viewcrest/Lake Haven/Shady
Cove/Lake Bluff/Fremont Cir/Fremont St/Crystal, Frost
Point Circle, Rolling Oaks
Public Works (Water)
Meter Replacement Program CIP11 Replacement of Automatic Meter Reading System
(AMRS).
The AMRS is nearing the end of it's life and has
started showing signs of MTU failures. In
addition, water meters deteriorate with age,
resulting in inaccurate readings. American Water
Works replacement guidelines estimate a 15-year
life on residential meters.
Battery failures may begin in the existing AMR
system in 2017. The City will want to consider
how the system will be replaced prior to
significant failures. In addition, replacement of
any meters will show a decrease in apparent loss
and in increase in revenue.
Wells CIP12 Construction of additional Wells for source water.
NO additional wells needed with JPA with SMSC.
Provide additional source water.Wells are needed to provide City firm pumping
capacity and to utilize the Water Treatment
Facility at full capacity.
Page 2 of 4
CITY OF PRIOR LAKE PROJECT DETAIL
CAPITAL IMPROVEMENT PROGRAM Adopted 08.22.2016
2017 - 2021
CIP Cost / Benefit
Project Reference Description Purpose Impact Statement
Watermain Improvements CIP13 Watermain replacements outside of replacements that
are completed in conjunction with street projects.
No projects currently planned for 2017-2021
Proactive replacement of deteriorated or
undersized watermain. New watermain to
provide looping and system redundancies.
Reduces the potential for costly emergency
repairs due to leaks and breaks.
Water System CIP14 Additional treatment capacity to accommodate
demand growths within the City. Replacement of
equipment at the Water Treatment Plant.
2017 - 2021 Annual Equipment Replacement
Joint Agreement with SMSC to provide future finished
water.
Replacement of existing equipment at Water
Treatment Facility.
Replacement of key equipment necessary as it
reaches its life expectancy. Additional capacity
needed with current water supply deficit.
Pressure Reducing Valves CIP15 No projects currently planned for 2017-2021.Reduce pressure in service areas that have a
lower elevation within the Prior Lake community.
Reducing pressure in the distribution system will
assist in water conservation and water loss.
Water Storage CIP16 Additional water storage facilities.
Joint Agreement with SMSC to provide additional
storage.
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.
Providing water pressure and fire flows to meet
ISO and Ten State Standards ensures fire
protection for properties within the community
and better ISO ratings.
Public Works (Sanitary Sewer)
Meter Replacement Program CIP11 Replacement of Automatic Meter Reading System
(AMRS).
The AMRS is nearing the end of it's life and has
started showing signs of MTU failures. In
addition, water meters deteriorate with age,
resulting in inaccurate readings. American Water
Works replacement guidelines estimate a 15-year
life on residential meters.
Battery failures may begin in the existing AMR
system in 2017. The City will want to consider
how the system will be replaced prior to
significant failures. In addition, replacement of
any meters will show a decrease in apparent loss
and in increase in revenue.
Sanitary Improvement CIP17 Sanitary Sewer replacements outside of replacements
that are completed in conjunction with street projects.
2021 Raspberry Ridge Sewer Rehabilitation.
Improve sanitary sewer main line which services
Commercial area, reduce infiltration issues and
improve flow.
Reduction of infiltration and settlements in
sanitary sewer which could be cause for sanitary
back-ups and impede flow design of main line
pipe.
Inflow / Infiltration Prevention CIP18 Sanitary Sewer rehabilitation or replacement.
Resume in 2019
Repairs or replacement of Sewers to reduce
water infiltration into collection system.
Reduction of lift station pumping and treatment
flow costs to the Met Council.
Page 3 of 4
CITY OF PRIOR LAKE PROJECT DETAIL
CAPITAL IMPROVEMENT PROGRAM Adopted 08.22.2016
2017 - 2021
CIP Cost / Benefit
Project Reference Description Purpose Impact Statement
Sewer System Equipment Replacement CIP19 Replacement of equipment associated with lift
stations, etc. (pumps and controls)
To replace vital equipment in lift stations to
minimize risk of failure.
Reduce risk of failures creating sanitary sewer
backups and emergency situations.
Public Works (Stormwater)
Stormwater Infrastructure Maintenance CIP20 Maintaining existing structural stormwater practices
and adding new treatment. (locations vary)
Maintenance, retrofit and creation of other
structural practices such as; sump manholes,
bioretention, infiltration and filtration.
Using a targeted maintenance and retrofit
program to continually renew and improve the
overall water quality system effectiveness and
cost efficiency.
Pond Maintenance & Retrofit CIP21 Maintaining existing stormwater treatment ponds and
maximizing treatment (locations vary).
Maintenance, retrofit and creation of storm water
ponds to restore and enhance overall system
treatment efficiency.
Using a targeted maintenance and retrofit
program to continually renew and improve the
overall water quality system effectiveness and
cost efficiency.
Stormwater Improvements CIP22 Repair of Cates Creek Dam completed in conjunction
with Albany reconstruction.
Address flooding of street, washout of dam, and
lack of treatment.
Minimize street flooding, risk of dam failure and
improve overall conveyance efficiency and
treatment capacity.
Vehicles & Equipment
Equipment Replacement Plan CIP23 Replace vehicles and equipment as identified in the
replacement schedule.
To identify the City’s vehicle and equipment
needs and establish a regular replacement
schedule.
Maximize the useful life of the City's vehicles and
equipment.
Facilities
Facilities Management Plan CIP24 Repair or replace major components in City-owned
facilities.
To identify major repairs or improvements to all
City-owned facilities.
Maximize the useful life of the major components
in City-owned facilities.
Technology
Technology Plan CIP25 Replace hardware and software as identified in the
replacement schedule.
To identify hardware and software needs and
establish a regular replacement schedule.
Maximize the useful life of the City's hardware.
Upgrade software to utilize technology currently
available in order to deliver services in a cost-
effective manner.
Page 4 of 4
CITY OF PRIOR LAKE Adopted 8/22/2016
2017-2026 TRANSPORTATION PLAN
Year Improvement Project Type Length Pavement Utility MSA Street Tax Bond Assessments Water Sewer Stormwater/Watermain Sanitary Storm Grant or Other Total City Municipal County State Federal TOTAL PROJECT
Miles OCI*OCI*Oversizing Levy Type Utility Fund Utility Fund Water Quality Trunk Fund Trunk Fund Trunk Fund Contribution Cost Cost Cost Cost Cost COST
2017 County Wide Flashing Yellow Signal Conversion Partnership NA NA NA 75,000 Recon 75,000 165,000 795,000 75,000 1,110,000
2017 CSAH 83 Partnership NA NA NA - - - Recon - 10,000 - - - - - - 10,000 - 14,000,000 - - 14,010,000
2017 Franklin Trail (TH 13 to CR 21 South)Pavement/Recon 0.42 30 35 - - 1,300,000 429 610,561 510,000 330,000 115,842 - - - - 2,866,403 - - - - 2,866,403
2017 Albany/CJ Circle/ Five Hawks/Cates (1972)Pavement/Recon 0.45 23 41 - - 690,000 429 354,173 525,000 185,000 121,259 - - - - 1,875,432 - - - - 1,875,432
2017 Park Avenue (1985)Pavement/Rehab 0.14 24 78 - - 150,000 429 100,000 49,500 - - - - - 299,500 - - - - 299,500
2017 Balsam/Sunrise/Spruce (1982)Pavement/Recon 0.36 19 50 - - 460,000 429 308,338 400,000 210,000 100,007 - - - - 1,478,346 - - - - 1,478,346
2017 Balsam/Spruce/Spruce Ct (1986)Pavement/Rehab 0.59 19 78 - - 600,000 429 400,000 - - - - - - - 1,000,000 - - - - 1,000,000
2017 Sycamore (1985)Pavement/Recon 0.19 32 47 - - 220,000 429 137,873 310,000 50,000 34,309 - - - - 752,182 - - - - 752,182
2017 Project Totals 2.15 -$ -$ 3,495,000$ 1,910,945$ 1,804,500$ 775,000$ 371,418$ -$ -$ -$ -$ 8,356,863$ 165,000$ 14,795,000$ 75,000$ -$ 23,391,863$
2018 CSAH 42/TH 13 Partnership NA NA NA 200,000 - - Recon - 100,000 - - - - - - 300,000 900,000 11,428,507 150,000 - 12,778,507
2018 Franklin Trail (CR 44 to Summer) (1972)Pavement/Recon 0.33 17 26 - 1,050,000 429 489,727 360,000 330,000 89,590 - - - - 2,319,317 - - - - 2,319,317
2018 Pershing/Dunkirk/Dutch/Roanoke/Green Hts/Spring (1985)Pavement/Recon 0.76 26 34 - - 1,130,000 429 576,492 560,000 520,000 212,238 - - - - 2,998,730 - - - - 2,998,730
2018 Huron/Wildwood/Woodside/Santee (1986)Pavement/Recon 0.72 18 25 - - 1,100,000 429 536,676 775,000 550,000 190,015 - - - - 3,151,691 - - - - 3,151,691
2018 Project Totals 1.81 200,000$ -$ 3,280,000$ 1,602,895$ 1,795,000$ 1,400,000$ 491,843$ -$ -$ -$ -$ 8,769,738$ 900,000$ 11,428,507$ 150,000$ -$ 21,248,245$
2019 Fish Point Road (Fawn Meadows to CR 21)Pavement/Rehab 0.28 28 78 - - 600,000 Recon - - - - - - - 600,000 - - - - 600,000
2019 Arcadia Avenue (Colorado to Pleasant)Road Extension NEW NA NA 200,000 - 900,000 429 120,000 50,000 40,000 40,000 - - - 1,350,000 - - - - 1,350,000
2019 CSAH 21 Bridge Deck Replacement Partnership NA NA NA - - 175,000 Recon - - - - - - - - 175,000 - 700,000 - - 875,000
2019 CR 21/ TH 13 / Main Ave / Arcadia Signal Partnership NA NA NA - 500,000 Recon - - - - - - - - 500,000 - 9,272,268 - 9,772,268
2019 Project Totals 0.28 200,000$ -$ 2,175,000$ 120,000$ 50,000$ 40,000$ 40,000$ -$ -$ -$ -$ 2,625,000$ -$ 9,972,268$ -$ -$ 12,597,268$
2020 Hidden Oaks/Timberview/Timber (1986)Pavement/Recon 0.4 22 39 - - 705,000 429 248,154 400,000 100,000 112,230 - - - - 1,565,384 - - - - 1,565,384
2020 Millers/Omega/Glory (1982)Pavement/Rehab 0.31 25 79 - - 390,000 429 210,000 39,000 - - - - - 639,000 - - - - 639,000
2020 Fish Point Road (CR 44 to TH 13)Pavement/Recon 0.66 22 40 - - 1,600,000 429 749,453 600,000 290,000 179,180 - - - - 3,418,634 - - - - 3,418,634
2020 CSAH 21 and CSAH 87 Partnership NA NA NA - - 350,000 Recon - - - - - - - - 350,000 - 3,099,800 - - 3,449,800
2020 Duluth Avenue / TH 13 Signal / Village Lake Roundabout Partnership 0.1 NA NA 200,000 - 700,000 429 175,000 - - - - - - - 1,075,000 - - 205,000 - 1,280,000
2020 Project Totals 1.47 200,000$ -$ 3,745,000$ 1,382,607$ 1,039,000$ 390,000$ 291,411$ -$ -$ -$ -$ 7,048,018$ -$ 3,099,800$ 205,000$ -$ 10,352,818$
2021 Northwood Road (Fremont to Knollridge) (1994)Pavement/Rehab 0.52 29 84 - - 900,000 Recon - - - - - - - 900,000 - - - - 900,000
2021 Northwood Road (Knollridge to CSAH 12) (1994)Pavement/Recon 0.6 16 79 400,000 - 1,320,000 429 202,230 190,000 50,000 158,346 - - - - 2,320,576 - - - - 2,320,576
2021
Knollridge/Hawk Ridge/Viewcrest (1998) Lake Haven/Shady
Cove/Lake Bluff(2000)Fremont Cir/Fremont St/Crystal (1986)Pavement/Resurf NA 37 85 - - 170,000 429 80,000 - - - - - - - 250,000 - - - - 250,000
2021 Frost Point Circle (1974)Pavement/Recon 0.17 24 35 - - 250,000 429 180,465 160,000 115,000 45,698 - - - - 751,163 - - - - 751,163
2021 Rolling Oaks Utility Extension 0.25 0 0 - 60,000 - 429 270,000 - - 100,000 100,000 100,000 - 260,000 890,000 - - - - 890,000
2021 Project Totals 1.54 400,000$ 60,000$ 2,640,000$ 732,696$ 350,000$ 165,000$ 304,044$ 100,000$ 100,000$ -$ 260,000$ 5,111,739$ -$ -$ -$ -$ 5,111,739$
2022 CSAH 17 (CSAH 42 to CSAH 82)Partnership NA NA NA - - 300,000 Recon - - - - - - - - 300,000 1,200,000 16,193,306 - - 17,693,306
2022 Street Reconstruction Non-Specific Pavement/Recon 2 - - 2,850,000 429 1,340,768 825,000 425,000 361,152 - - - - 5,801,920 - - - - 5,801,920
2022 Project Totals -$ -$ 3,150,000$ 1,340,768$ 825,000$ 425,000$ 361,152$ -$ -$ -$ -$ 6,101,920$ 1,200,000$ 16,193,306$ -$ -$ 23,495,226$
2023 Street Reconstruction Non-Specific Pavement/Recon 2 - - 2,850,000 429 1,340,768 825,000 425,000 361,152 - - - - 5,801,920 - - - - 5,801,920
2023 Project Totals -$ -$ 2,850,000$ 1,340,768$ 825,000$ 425,000$ 361,152$ -$ -$ -$ -$ 5,801,920$ -$ -$ -$ -$ 5,801,920$
2024 Street Reconstruction Non-Specific Pavement/Recon 2 - - 2,850,000 429 1,340,768 825,000 425,000 361,152 - - - - 5,801,920 - - - - 5,801,920
2024 Project Totals -$ -$ 2,850,000$ 1,340,768$ 825,000$ 425,000$ 361,152$ -$ -$ -$ -$ 5,801,920$ -$ -$ -$ -$ 5,801,920$
2025 Street Reconstruction Non-Specific Pavement/Recon 2 - - 2,850,000 429 1,340,768 825,000 425,000 361,152 - - - - 5,801,920 - - - - 5,801,920
2025 Project Totals -$ -$ 2,850,000$ 1,340,768$ 825,000$ 425,000$ 361,152$ -$ -$ -$ -$ 5,801,920$ -$ -$ -$ -$ 5,801,920$
2026 Street Reconstruction Non-Specific Pavement/Recon 2 - - 2,850,000 429 1,340,768 825,000 425,000 361,152 - - - - 5,801,920 -$ -$ -$ -$ 5,801,920
2026 Project Totals 2,850,000$ 1,340,768$ 825,000$ 425,000$ 361,152$ -$ -$ -$ -$ 5,801,920$ -$ -$ -$ -$ 5,801,920$
Program Totals 1,000,000$ 60,000$ 29,885,000$ 12,452,983$ 9,163,500$ 4,895,000$ 3,304,475$ 100,000$ 100,000$ -$ 260,000$ 61,220,958$ 2,265,000$ 55,488,881$ 430,000$ -$ 119,404,839$
CITY OF PRIOR LAKE, MN
2017 to 2021 STREET RECONSTRUCTION PLAN
August 22, 2016
City of Prior Lake
2017-2021 Street Reconstruction Plan
Page 2 of 5
City of Prior Lake , MN
2017-2021 Street Reconstruction Plan
I. Introduction
The City of Prior Lake (the “City”) historically has conducted street maintenance and
reconstruction as part of its annual operational budget or as part of a street improvement
capital improvement project. The maintenance and reconstruction has included seal
coating, mill and overlay, complete reconstruction, and other such items incidental to the
maintenance of city streets. The City finds that it does not always have the resources for
reconstructing streets as quickly as required, due to increased need for major
reconstruction projects.
Due to this fact, the City has in the past and plans to in the future finance a portion of its
street reconstruction through the issuance of General Obligation Street Reconstruction
Bonds.
II. Statutory Authority and Requirements
Minnesota Statutes, Section 475.58, Subd. 3b (the “Act”) authorizes Minnesota cities to
adopt a Street Reconstruction Plan. The Plan must cover at least a five-year period and set
forth the streets to be reconstructed, the estimated costs, and any planned reconstruction of
other streets in the municipality over the next five years.
Street Reconstruction Bonds can be used to finance the reconstruction and bituminous
overlay of existing city streets. Eligible improvements may include turn lanes and other
improvements having a substantial public safety function, realignments, other
modifications to intersect with state and county roads, and the local share of state and
county road projects. Except in the case of turn lanes, safety improvements, realignments,
intersection modifications, and the local share of state and county road projects, street
reconstruction does not include the portion of project cost allocable to widening a street or
adding curbs and gutters where none previously existed. Street Reconstruction Bonds are
subject to the debt limit.
The Act sets forth specific requirements for the issuance of Street Reconstruction Bonds,
which are as follows:
The projects financed under this authority must be described in a street reconstruction
plan, as described above.
The city must publish notice of and hold a public hearing on the proposed plan and
the related issuance of bonds. The notice must be published at least ten days but not
more than 28 days prior to the hearing date.
City of Prior Lake
2017-2021 Street Reconstruction Plan
Page 3 of 5
The plan and the issuance of bonds must be approved by a vote of all of the members
of the governing body present at the meeting.
The issuance of bonds is subject to a reverse referendum. An election is required if
voters equal to 5% of the votes cast in the last municipal general election file a petition
with the city clerk within 30 days of the public hearing. If the city decides not to
undertake an election, it may not propose the issuance of Street Reconstruction Bonds
for the same purpose and in the same amount for a period of 365 days from the date of
receipt of the petition. If the question of issuing the bonds is submitted and not
approved by the voters, the provisions of section 475.58, subdivision 1a, shall apply
(no resubmission for same purpose/amount for 180 days).
III. History and Existing Street Reconstruction Bonds
At the time of the approval of this Street Reconstruction Plan, the City has the
following outstanding Street Reconstruction Bonds issued under Chapter 475 .
IV. Net Debt Limits
Minnesota Statutes Section 475.53, Subd. 1 states that no municipality, except a school
district or a city of the first class, shall incur or be subject to a net debt in excess of three
percent of the market value of taxable property in the municipality.
Bonds issued under the authority granted by this Street Reconstruction Plan are subject to
the net debt limit restriction described above. The net debt capacity for the City is shown
on the next page under Statutory Debt Limit.
Bond Issue Amount Outstanding
$1,400,000 G.O. Street Reconstruction Bonds, Series 2007B $ 330,000
$3,240,000 G.O. Bonds, Series 2011A 295,000
$5,780,000 G.O. Bonds, Series 2011B 400,000
$3,240,000 G.O. Bonds, Series 2013A 425,000
$2,665,000 G.O. Bonds, Series 2014A 1,985,000
$2,490,000 G.O. Taxable Bonds, Series 2015B 2,330,000
$3,505,000 G.O. Bonds, Series 2016A 350,000
Total Outstanding Street Reconstruction Bonds $ 6,115,000
City of Prior Lake
2017-2021 Street Reconstruction Plan
Page 4 of 5
Statutory Debt Limit1
Minnesota Statutes, Section 475.53 states that a city or county may not incur or be subject to a net debt in
excess of three percent (3%) of its estimated market value. Net debt is, with limited exceptions, debt paid
solely from ad valorem taxes.
Computation of Legal Debt Margin as of May 2, 2016:
The City is proposing to issue an amount not to exceed $2,680,000 in General Obligation Street
Reconstruction Bonds between August 22, 2016 and August 22, 2021. (The maximum amount
includes estimated cost of issuance of bonds and rounding.) The proposed bond issuance is
within the current City's Legal Debt Margin.
1 Effective June 2, 1997 and pursuant to Minnesota Statutes 465.71, any lease revenue or public project revenue bond
issues/agreements of $1,000,000 or more are subject to the statutory debt limit. Lease revenue or public project
revenue bond issues/agreements less than $1,000,000 are not subject to the statutory debt limit.
$2,981,761,500
x 0.03
$ 89,452,845
( 1,535,000)
( 330,000)
( 295,000)
( 3,780,000)
( 8,240,000)
( 425,000) ( 1,985,000) ( 2,330,000) ( 760,000)
($ 19,680,000)
2015/2016 Estimated Market Value
Multiplied by 3%
Statutory Debt Limit
$6,260,000 G.O. Refunding Bonds, Series 2005A
$1,400,000 G.O. Street Reconstruction Bonds, Series 2007B
$3,240,000 G.O. Bonds, Series 2011A
$5,780,000 G.O. Bonds, Series 2011B
$9,825,000 G.O. Capital Improvement Plan Bonds, Series 2012A
$3,240,000 G.O. Bonds, Series 2013A
$2,665,000 G.O. Bonds, Series 2014A
$2,490,000 Taxable G.O. Bonds, Series 2015B
$3,630,000 G.O. Bonds, Series 2016A
Less outstanding debt applicable to debt limit:
Legal debt margin $ 69,772,845
City of Prior Lake
2017-2021 Street Reconstruction Plan
Page 5 of 5
V. Proposed Street Reconstruction and Cost Estimate
The City’s Street Reconstruction Plan, as detailed in Table A, includes all street
reconstructions to be undertaken between August 22, 2016 and August 22, 2021 and
financed in whole or part through the issuance of General Obligation Street Reconstruction
Bonds. The City reserves the right to adjust the amount of annual spending between years,
as long as the overall 2017-2021 Street Reconstruction Plan is not increased.
CITY OF PRIOR LAKE 2017-2022 STREET
RECONSTRUCTION PLAN
Amounts
August 22, 2016 through August 22, 2017
County wide flashing yellow signal conversion $75,000
TOTAL 2017 $75,000
August 23, 2017 through August 22, 2018
TOTAL 2018 $0
August 23, 2018 through August 22, 2019
Fish Point Road (Fawn Meadows to CR 21) Reconstruction $600,000
CSAH 21 Bridge Deck Replacement $175,000
CR 21 / TH 13 / Main Ave Reconstruction and / Arcadia Signal $500,000
TOTAL 2019 $1,275,000
August 23, 2019 through August 22, 2020
CSAH 21 and CASH 87 Reconstruction $350,000
TOTAL 2020 $350,000
August 23, 2020 through August 22, 2021
Northwood Road (Fremont to Knollridge) (1994) Reconstruction $900,000
TOTAL 2021 $900,000
GRAND TOTAL (3/30/17 THROUGH 3/30/22)$2,600,000
Bond Issuane Costs, Capitalized Interest, and Rounding $80,000
GRAND TOTAL $2,680,000
TABLE A
Adopted 8/22/2016
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Use of Funds:
Fire Dept Total -$ 694,890$ 61,193$ 48,341$ 724,546$ 140,062$ 73,792$ 386,365$ -$ 880,265$
Police Dept Total 112,700 270,784 171,887 175,579 191,667 96,320 167,672 182,837 105,252 196,884
Public Works Dept Total 748,004 442,663 603,776 782,283 220,493 629,444 623,530 386,409 753,478 582,429
Total Use of Funds 860,704$ 1,408,336$ 836,856$ 1,006,203$ 1,136,706$ 865,827$ 864,994$ 955,611$ 858,730$ 1,659,578$
Source of Funds:
Interest Earnings (2%)10,594 7,912 8,116 7,143 2,502 9,858 8,279 6,884 3,650 2,288
Annual Equipment Levy 375,000 550,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000
General Fund Contribution - - - - - - - - - -
Water Fund Contribution 160,000 70,000 70,000 70,000 75,000 75,000 80,000 80,000 80,000 80,000
Sewer Fund Contribution 160,000 70,000 70,000 70,000 75,000 75,000 80,000 80,000 80,000 80,000
Water Quality Fund Contribution 21,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000
Forfeiture Funds / Donations - 28,644 13,113 - - - - - - -
Auction Proceeds - 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000
Bond Proceeds - 665,000 - - 725,000 - - - - 840,000
Total Source of Funds 726,594$ 1,418,556$ 788,229$ 774,143$ 1,504,502$ 786,858$ 795,279$ 793,884$ 790,650$ 1,629,288$
Change in Fund Balance (134,110)$ 10,220$ (48,627)$ (232,060)$ 367,796$ (78,969)$ (69,715)$ (161,727)$ (68,080)$ (30,290)$
Beginning Fund Balance 529,688$ 395,578$ 405,798$ 357,171$ 125,111$ 492,907$ 413,938$ 344,223$ 182,496$ 114,416$
Ending Fund Balance 395,578$ 405,798$ 357,171$ 125,111$ 492,907$ 413,938$ 344,223$ 182,496$ 114,416$ 84,126$
CITY OF PRIOR LAKE
2017 - 2026 EQUIPMENT REPLACEMENT PLAN
Page 1 of 1
CITY OF PRIOR LAKE Adopted 8/22/2016
2017 - 2026 PARK PLAN
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
General Fund (F101)
NO CAPITAL ACTIVITIY
Capital Park Fund (F225)
Use of Funds:
Neighborhood Park Development 170,000 170,000 170,000 170,000
New DevelopmentTrail Alignments - - - - - - - - - -
Community Park Development 3,200,000
Total Use of Funds -$ -$ 170,000$ -$ 170,000$ -$ 170,000$ -$ 3,370,000$ -$
Sources of Funds:
Interest Earnings (2%)10,175 18,479 26,949 32,187 40,931 46,450 55,479 61,288 70,614 12,726
Park Dedication Fees 405,000 405,000 405,000 405,000 405,000 405,000 405,000 405,000 405,000 405,000
Total Source of Funds 415,175 423,479 431,949 437,187 445,931 451,450 460,479 466,288 475,614 417,726
Change in Fund Balance 415,175$ 423,479$ 261,949$ 437,187$ 275,931$ 451,450$ 290,479$ 466,288$ (2,894,386)$ 417,726$
Beginning Fund Balance 508,772$ 923,947$ 1,347,426$ 1,609,375$ 2,046,562$ 2,322,494$ 2,773,943$ 3,064,422$ 3,530,711$ 636,325$
Ending Fund Balance 923,947$ 1,347,426$ 1,609,375$ 2,046,562$ 2,322,494$ 2,773,943$ 3,064,422$ 3,530,711$ 636,325$ 1,054,051$
Revolving Park Equipment Fund (F430)
Use of Funds:
Capital Replacement Projects 50,000$ 100,776$ 97,762$ 87,500$ 77,500$ 13,178$ 332,619$ 257,658$ 43,856$ 266,333$
Park Amenity Replacements 133,406 137,408 141,530 145,776 150,149 154,654 159,294 164,072 168,995 174,064
Trail, Sidewalk, and Boardwalk Replacement 30,000 130,000 230,000 330,000 430,000 530,000 545,900 562,277 579,145 596,520
Natural Area Restoration - - - - - - - - - -
Existing Trail and Sidewalk Gap Priorities - - - 150,000 - 65,000 - 265,000 - -
Total Use of Funds 213,406 368,184 469,292 713,276 657,649 762,832 1,037,813 1,249,007 791,996 1,036,917
Sources of Funds:
Interest Earnings (2%)8,003 8,163 8,327 8,493 5,663 5,776 4,592 4,684 477 1,487
Previous General Fund Tax Levy 213,406 368,184 469,292 563,276 657,649 697,832 1,037,813 984,007 791,996 1,036,917
Tax Levy - - - - - - 50,000 50,000 50,000
Total Source of Funds 221,409 376,348 477,619 571,769 663,312 703,608 1,042,405 1,038,691 842,473 1,088,404
Change in Fund Balance 8,003$ 8,163$ 8,327$ (141,507)$ 5,663$ (59,224)$ 4,592$ (210,316)$ 50,477$ 51,487$
Beginning Fund Balance 400,159$ 408,162$ 416,326$ 424,652$ 283,145$ 288,808$ 229,584$ 234,176$ 23,859$ 74,337$
Ending Fund Balance 408,162$ 416,326$ 424,652$ 283,145$ 288,808$ 229,584$ 234,176$ 23,859$ 74,337$ 125,823$
Community Park Referendum Needs* - Large scale projects developing new community park facilities or renovating existing facilities to serve changing and expanding community
needs. Funding from referendum, donations, or other project partners.
Capital Facility Replacements & Renovation
Lakefront $257,325
Memorial
Sand Point Beach
The Ponds $185,848
Thomas Ryan Memorial $210,442
Watzl
Park Development Projects*
Spring Lake Park Athletic Fields $8,835,969
Campbell Lake Park
Lakefront Park $846,321
Radanke Farm Park
Thomas Ryan Park $1,656,164
The Ponds Athletic Fields $1,445,619
Vierling Community Park
TOTAL REFERENDUM NEEDS -$ -$ -$ -$ -$ -$ -$ -$ 13,437,688$ -$
Adopted 8/22/2016
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Use of Funds:
Hardware
Administration 6,100$ 15,605$ 5,000$ 7,988$ 7,393$ 6,997$ 6,911$ 15,507$ 5,000$ 8,172$
Building Inspection/Engineering 2,400 2,323 1,122 1,133 - 7,567 2,548 3,645 1,191 1,203
Community/Economic Development 1,100 - 6,733 - 1,041 2,207 1,168 - 7,147 -
Finance - 2,222 1,122 2,576 - 3,363 - 2,359 1,191 2,734
Fire - 1,111 - 10,200 - - - 1,179 - -
Police 7,000 11,918 19,790 8,345 3,954 5,360 7,431 15,117 14,619 9,187
Public Works 4,100 6,666 6,835 2,267 5,411 10,615 5,095 7,719 7,255 2,406
Cable Television 11,250 9,292 - 15,558 - 3,153 2,654 7,237 7,580 -
Printers/Scanners 9,500 34,088 867 1,010 22,576 33,313 - 7,719 1,083 6,507
Network Infrastructure 12,908 10,939 11,267 20,362 28,915 12,311 12,681 66,668 13,453 23,153
Miscellaneous 500 505 29,784 6,697 3,642 1,997 - - - -
Total Hardware 54,858$ 94,668$ 82,519$ 76,136$ 72,932$ 86,884$ 38,487$ 127,151$ 58,519$ 53,362$
Software
Existing / Maintenance / Upgrades 118,150$ 123,891$ 152,660$ 126,640$ 129,472$ 132,286$ 136,025$ 139,878$ 143,003$ 153,316$
Proposed Software 107,404 34,522 29,761 71,829 826 851 877 903 930 930
Total Software 225,554$ 158,413$ 182,421$ 198,469$ 130,299$ 133,138$ 136,902$ 140,781$ 143,933$ 154,246$
Total Use of Funds 280,412$ 253,081$ 264,940$ 274,605$ 203,231$ 220,022$ 175,389$ 267,932$ 202,452$ 207,609$
Source of Funds:
General Fund 170,136$ 183,099$ 171,228$ 191,390$ 137,895$ 136,319$ 99,916$ 188,121$ 117,654$ 124,199$
Water Fund 48,763$ 30,139$ 47,817$ 34,435$ 32,443$ 37,311$ 35,587$ 36,041$ 39,601$ 42,319$
Sewer Fund 48,763$ 30,139$ 45,471$ 32,786$ 32,443$ 42,776$ 35,587$ 36,041$ 37,111$ 40,569$
Water Quality Fund 1,500$ 412$ 424$ 437$ 450$ 463$ 1,645$ 492$ 506$ 521$
Cable Franchise Fund 11,250$ 9,292$ -$ 15,558$ -$ 3,153$ 2,654$ 7,237$ 7,580$ -$
Total Source of Funds 280,412$ 253,081$ 264,940$ 274,605$ 203,231$ 220,022$ 175,389$ 267,932$ 202,452$ 207,609$
Net Source (Use) of Funds -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Operating Budget 164,242$ 192,450$ 177,192$ 181,427$ 170,452$ 189,862$ 175,389$ 214,325$ 202,452$ 198,313$
Capital Improvement Plan 116,170$ 60,631$ 87,748$ 93,178$ 32,779$ 30,160$ -$ 53,607$ -$ 9,296$
Source of Funds (Operating Budget):
General Fund 91,746$ 129,537$ 112,463$ 105,938$ 105,115$ 113,947$ 99,916$ 134,514$ 117,654$ 114,903$
Water Fund 29,873$ 30,139$ 33,326$ 34,435$ 32,443$ 33,417$ 35,587$ 36,041$ 39,601$ 42,319$
Sewer Fund 29,873$ 30,139$ 30,980$ 32,786$ 32,443$ 38,882$ 35,587$ 36,041$ 37,111$ 40,569$
Water Quality Fund 1,500$ 412$ 424$ 437$ 450$ 463$ 1,645$ 492$ 506$ 521$
Cable Franchise Fund 11,250$ 2,222$ -$ 7,830$ -$ 3,153$ 2,654$ 7,237$ 7,580$ -$
Total Source of Funds: Op. Budget 164,242$ 192,450$ 177,192$ 181,427$ 170,452$ 189,862$ 175,389$ 214,325$ 202,452$ 198,313$
Source of Funds (CIP):
General Fund 78,390$ 53,561$ 58,766$ 85,451$ 32,779$ 22,372$ -$ 53,607$ -$ 9,296$
Water Fund 18,890$ -$ 14,491$ -$ -$ 3,894$ -$ -$ -$ -$
Sewer Fund 18,890$ -$ 14,491$ -$ -$ 3,894$ -$ -$ -$ -$
Water Quality Fund -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Cable Franchise Fund -$ 7,070$ -$ 7,727$ -$ -$ -$ -$ -$ -$
Total Source of Funds: CIP 116,170$ 60,631$ 87,748$ 93,178$ 32,779$ 30,160$ -$ 53,607$ -$ 9,296$
CITY OF PRIOR LAKE
2017 - 2026 TECHNOLOGY PLAN
CITY OF PRIOR LAKE
2017 - 2026 FACILITIES MANAGEMENT PLAN Adopted 8/22/2016
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Use of Funds:
City Hall - - - - - 303,610 - - 255,374 - 699,287
Police Station 44,558 - - - - 168,262 - - 309,638 - 524,584
Fire Station #1 - 17,484 859,410 67,998 64,479 - - - 102,890 - -
Fire Station #2 20,369 - - - - - - 40,154 29,029 - 255,385
Library & Club Prior - 79,961 - 21,965 - - - - 137,580 - -
Maintenance Center 615,176 114,081 85,876 - 4,500 299,136 5,700 - 40,317 - 307,052
Water Treatment Facility - - 5,065 - - - - 138,997 40,317 - -
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 - - - - - - - - - -
Other(1)620,000
Total Use of Funds 725,717 852,139 950,352 89,963 68,979 771,008 5,700 179,152 915,147 - 1,786,307
Source of Funds:
Interest Earnings (2%)8,021 7,167 3,801 2,837 2,296 2,801 2,312 5,157 5,130 2,923 6,517
Transfer from General Fund - - - - - - - - - - -
Transfer from Water Fund 45,000 46,350 47,741 49,173 50,648 52,167 53,732 55,344 57,005 58,715 60,476
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
Annual Property Tax Levy - - - 30,000 80,000 80,000 105,000 130,000 105,000 275,000
Capital Facility Charge - - - - - - - - - - -
Bond Proceeds - 620,000 840,000 - - 600,000 - - 600,000 - 1,350,000
Other(1)620,000 - - - - - - - - - -
Bond Proceeds - Referendum - - - - - - - - - - -
Total Source of Funds 683,021 683,817 902,150 62,937 94,199 746,561 147,984 177,800 804,803 179,686 1,705,432
Change in Fund Balance (42,696) (168,322) (48,201) (27,026) 25,220 (24,447) 142,284 (1,352) (110,344) 179,686 (80,875)
Beginning Fund Balance 401,053 358,357 190,035 141,834 114,808 140,028 115,581 257,865 256,513 146,169 325,855
Ending Fund Balance 358,357 190,035 141,834 114,808 140,028 115,581 257,865 256,513 146,169 325,855 244,980
CITY OF PRIOR LAKE Adopted 8/22/2016
2017 - 2026 WATER OPERATING PLAN
2017-2026
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Totals
Use of Funds:
Operations & Maintenance 2,256,529$ 2,369,356$ 2,487,824$ 2,612,215$ 2,742,826$ 2,879,967$ 3,023,965$ 3,175,163$ 3,333,922$ 3,500,618$ 28,382,384
Capital Projects 3,026,390 1,901,090 1,173,764 1,151,551 465,927$ 948,299$ 947,987$ 951,677$ 955,477$ 959,392$ 12,481,554
Interfund Transfer 391,300 306,391 311,593 316,918 327,367$ 332,932$ 343,624$ 349,455$ 355,415$ 361,506$ 3,396,501
Debt Service 549,797 637,622 645,986 654,050 670,520$ 679,450$ 710,020$ 715,435$ 729,712$ 731,307$ 6,723,899
Total Use of Funds 6,224,017 5,214,458 4,619,166 4,734,734 4,206,640 4,840,648 5,025,596 5,191,730 5,374,526 5,552,823 50,984,338
Source of Funds:
Water Usage Charge 4,005,333 4,169,827 4,340,607 4,517,907 4,701,967 4,893,036 5,091,373 5,297,244 5,510,927 5,732,708 48,260,929
Other Revenues 192,630 196,483 200,412 204,421 208,509 212,679 216,933 221,271 225,697 230,211 2,109,245
Bond Proceeds 850,000 - - - - - - - - - 850,000
Trunk Fund Contribution 250,000 - 1,000,000 - - - - - - - 1,250,000
Total Source of Funds 5,297,963 4,366,309 5,541,019 4,722,328 4,910,476 5,105,715 5,308,305 5,518,515 5,736,624 5,962,919 51,220,174
Change in Fund Balance (926,054)$ (848,149)$ 921,854$ (12,406)$ 703,836$ 265,067$ 282,709$ 326,785$ 362,098$ 410,096$ 235,836$
Beginning Fund Balance 2,989,685$ 2,063,631$ 1,215,482$ 2,137,336$ 2,124,930$ 2,828,765$ 3,093,833$ 3,376,542$ 3,703,327$ 4,065,425$
Ending Fund Balance 2,063,631$ 1,215,482$ 2,137,336$ 2,124,930$ 2,828,765$ 3,093,833$ 3,376,542$ 3,703,327$ 4,065,425$ 4,475,521$
CITY OF PRIOR LAKE Adopted 8/22/2016
2017 - 2026 SANITARY SEWER OPERATING PLAN
2016-2025
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Totals
Use of Funds:
Operations & Maintenance 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$ 1,393,429$ 12,242,822
MCES Fees 1,382,757 1,435,229 1,489,461 1,545,507 1,603,424 1,663,271 1,725,109 1,788,999 1,855,005 1,923,193 16,411,956
Capital Improvement Projects 1,704,479 1,462,407 268,770 610,708 992,329 663,043 666,173 673,408 680,861 688,536 8,410,714
Interfund Transfer 355,250 269,259 273,347 277,525 286,793 291,141 300,579 305,118 309,748 314,469 2,983,228
Debt Service - 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 900,000
Total Use of Funds 4,510,434 4,366,881 3,264,564 3,700,715 4,184,530 3,955,499 4,067,046 4,180,966 4,298,457 4,419,628 40,948,720
Source of Funds:
Wastewater Collection Revenue 3,327,824 3,456,366 3,589,499 3,727,383 3,870,184 4,018,071 4,171,223 4,329,820 4,494,052 4,664,114 39,648,536
Other Revenues 61,384 62,611 63,863 65,141 66,444 67,772 69,128 70,510 71,921 73,359 672,133
Bond Proceeds 850,000 - - - - - - - - - 850,000
Total Source of Funds 4,239,207 3,518,977 3,653,362 3,792,524 3,936,627 4,085,844 4,240,351 4,400,331 4,565,973 4,737,473 41,170,669
Change in Fund Balance (271,227)$ (847,904)$ 388,799$ 91,809$ (247,903)$ 130,345$ 173,304$ 219,365$ 267,515$ 317,845$ 221,949$
Beginning Fund Balance 2,031,846$ 1,760,619$ 912,714$ 1,301,513$ 1,393,322$ 1,145,420$ 1,275,765$ 1,449,069$ 1,668,434$ 1,935,950$
Ending Fund Balance 1,760,619$ 912,714$ 1,301,513$ 1,393,322$ 1,145,420$ 1,275,765$ 1,449,069$ 1,668,434$ 1,935,950$ 2,253,795$
CITY OF PRIOR LAKE Adopted 8.22.2016
2017-2026
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Totals
Use of Funds:
Operations & Maintenance 493,186$ 500,283$ 498,576$ 507,069$ 515,770$ 524,683$ 543,815$ 543,172$ 552,763$ 562,590$ 5,621,159$
Capital Projects 756,418 601,843 425,000 401,411 649,044 431,152 706,152 431,152 706,152 706,152 5,995,220
Total Use of Funds 1,249,604 1,102,126 923,576 908,480 1,164,814 955,835 1,249,967 974,324 1,258,915 1,268,742 11,616,379
Source of Funds:
Interest Earnings (2%)13,779$ 17,098$ 9,915$ 6,545$ 7,435$ 9,431$ 7,228$ 10,197$ 8,235$ 12,885$ 107,377$
Charges for Services 876,673 916,517 958,173 1,001,722 1,047,250 1,094,848 1,144,609 1,196,631 1,251,018 1,307,877 11,159,959
Grants - - - - - - - - - - 95,000
Total Source of Funds 890,452 933,615 968,088 1,008,267 1,054,685 1,104,279 1,151,837 1,206,828 1,259,252 1,320,762 11,362,336$
Change in Fund Balance (359,152)$ (168,510)$ 44,512$ 99,787$ (110,128)$ 148,443$ (98,131)$ 232,504$ 338$ 52,020$ (254,043)$
Beginning Fund Balance 854,905$ 495,752$ 327,242$ 371,754$ 471,541$ 361,413$ 509,856$ 411,725$ 644,229$ 644,567$
Ending Fund Balance 495,752$ 327,242$ 371,754$ 471,541$ 361,413$ 509,856$ 411,725$ 644,229$ 644,567$ 696,586$
2017 - 2026 WATER QUALITY OPERATING PLAN
Page 1 of 4
DEBT ANALYSIS AND TAX IMPACT
In reviewing the Capital Improvement Program (CIP), the City Council considers the level of debt as well
as the annual tax impact of the scheduled projects.
As of 12/31/2015, the City of Prior Lake had $45,594,450 in debt. The following chart reflects the type
of debt that comprised the $45.59M:
Debt Type Amount Purpose
G.O. Special Assessment
Bonds
16,370,000 Street Improvement Projects
G.O. Tax Increment 225,000 Tax Increment Project
G.O. Bonds (MV) 4,915,000 Referendum Projects (Park & Fire
Stations)
G.O. Bonds 330,000 Street Reconstruction Project
G.O. Revenue Bonds 12,650,000 Water Treatment Facility (includes
advanced refunding – 5,360,000)
G.O. Capital Improvement
Bonds
8,240,000 City Hall & Police Station
G.O. Capital Improvement
Bonds
290,000 Scott County
Cooperative Agreement
Energy Lease Loan Payable
(GESP)
2,574,450 Guaranteed Energy Savings Program
projects
Total $ 45,594,450
The 2017-2021 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. Over the 5-year period, the CIP anticipates issuing about $21.1M in bonding for transportation
projects, $2.06M for major facility repairs, and $1.39M for equipment replacement. The source of
repayment for these bonds will come from a property tax levy and special assessments. The water/sewer
plan has programmed the replacement of the meter reading system in 2017. Bonds totaling about $1.7M
will be issued to pay for this capital project. Repayment will be from water and sewer revenues.
Year
Major
Facility
Repairs
Equipment
Replacements
Water Plan
(funded by
Water
Revenues)
Sewer Plan
(funded by
Sewer
Revenues)
2017 620,000 665,000 850,000 850,000
2018 - - - -
2019 840,000 - - -
2020 - - - -
2021 600,000 725,000 - -
Page 2 of 4
Major projects scheduled for 2017 which involve a property tax levy (payable 2018) are listed below:
Project Description Project Levy
County Wide Flashing Yellow Signal Conversion 75,000
Franklin Trail (TH 13 to CR 21 South) 1,300,000
Albany/CJ Circle/Five Hawks/Cates/Park 840,000
Balsam/Sunrise/Spruce/Spruce Ct 1,060,000
Sycamore 220,000
Total $ 3,495,000
There is one facility-related project scheduled for 2016 which would be funded with bonds in 2017 and
the debt service paid with a tax levy starting in 2018:
Project Description Project Levy
Facility Repairs $ 620,000
Total $ 620,000
There are equipment replacements scheduled for 2017 which would be funded with debt and the debt
service paid with a tax levy:
Project Description Project Levy
Equipment Replacement $ 665,000
Total $ 665,000
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 balance at the end of the year. The bottom
line is simply the retirement of existing debt, if no new CIP were added.
$0.0
$5.0
$10.0
$15.0
$20.0
$25.0
$30.0
$35.0
$40.0
$45.0
$50.0
(i
n
m
i
l
l
i
o
n
s
)
Projected Debt Balances (All Debt)
Existing Debt Projected Debt
Pay off
2007A
2015A-
$10M
2015B -
$2.49M
Page 3 of 4
The following chart details the annual CIP debt by funding source.
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.
Based on Population Growth of 120 permits/year x 2.5 persons per household
$-
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
$7,000,000
$8,000,000
$9,000,000
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
CIP Debt by Funding Source
Tax Levy Assessments Facilities Mgmt Fund Revolving Equipment Fund Water Fund Sewer Fund
YE
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Debt/Capita 1,500 1,820 1,648 1,412 1,481 1,385 1,415 1,388 1,339 1,271 1,215 1,128
Population 24,201 25,049 25,367 26,247 26,547 26,847 27,147 27,447 27,747 28,047 28,347 28,647
21,000
22,000
23,000
24,000
25,000
26,000
27,000
28,000
29,000
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
$1,800
$2,000 P
o
p
u
l
a
t
i
o
n
D
e
b
t
/
C
a
p
i
t
a
Debt Per Capita
Page 4 of 4
The impact of the 2017-2021 CIP and other anticipated bond payment adjustments on the debt service
property tax levy are reflected in the following tables:
The debt service for 2017 is already established. The Council approved of the sale of bonds for the 2016
projects (TH13/150th Street, Manitou Road, and equipment purchases) at the council meeting on April 11,
2016. The first levy associated with this bond issue will be in 2017. The 2017 projected debt levy below
includes $255,000 for the GESP lease, which is not bonded indebtedness.
Each year, certain bond issues mature and the corresponding debt service payments 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 and as a result the amount of debt service dropping off each year is
less than the amount that we are adding for new CIP projects. This results in an increase in the debt
service property tax levy.
The debt associated with Market Referendum bonds which funded park improvements 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.
This debt service estimate for years 2017-2021 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. The table below summarizes the projected CIP tax levy by component.
2017 2018 2019 2020 2021
Debt:
Existing CIP 258,087 213,124 (368,007) (281,570) 12,103
New CIP - 494,000 574,000 261,000 449,000
GESP Lease Payment 30,000 15,614 (0) - -
Market Referendum (66,700) (790,801) 7,200 7,000 11,720
Change in Debt Levy 221,387 (68,063) 213,193 (13,570) 472,823
2017-2021 CIP Projected Change in Debt Levy
2016 2017 2018 2019 2020 2021
3,425,569 3,646,956 3,578,893 3,792,086 3,778,516 4,251,339
2017-2021 CIP
Debt Service
Projected Debt Levy
Tax Levies:2017 2018 2019 2020 2021
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 50,000
Debt Service 3,646,956 3,578,893 3,792,086 3,778,516 4,251,339
Total CIP Tax Levies 4,235,362 4,497,077 4,861,378 4,971,792 5,558,988
2017-2021 CIP Projected CIP Tax Levy
Duluth Avenue/Trunk Highway
13 Intersection Improvement
Project
December 4, 2017
EXISTING CONDITIONS
Purpose:
➢Provide a safe intersection
for all motorists and
pedestrians
➢Improve traffic flow and
reduce delay
➢Maintain access to local
businesses
➢Minimize impacts to adjacent
properties
➢Complete improvements
prior to TH13 reconstruction
in 2019
EXISTING CONDITIONS
CURRENT STATUS
➢Feasibility Report complete and accepted by City Council
on January 26, 2015
➢Design for original improvements (not including mini
roundabout) were completed in 2015
➢Appraisals for original project completed in 2015
➢Project delayed due to tax levy impacts
➢Applied for and received $294,100 in Cooperative
Agreement funding in 2017
➢Requested additional funding from MnDOT to facilitate
construction in 2018 and have received verbal confirmation
for minimum of $710,000 and up to $866,160.
CURRENT PLANS
FUNDING
Funding:August 2017 December 2017
Special Assessments $ 266,000 $ 0
Tax Levy $1,064,000 $ 970,000
MSAS (State Aid)$ 400,000 $ 400,000
MnDOT $ 350,000 $ 710,000
Total $2,080,000 $2,080,000
Issues: 1. Need to confirm MnDOT contribution. Could range
from $710,000 to $866,160.
2. Special assessments need to be 20% of City portion
of project cost for GO Improvement Bonds which
would be $162,768 to $194,000 depending on
MnDOT funding.
FUNDING OPTIONS
Assessments (429):
➢Update feasibility report
➢Order public hearing
➢Hold public hearing
➢Order improvements
➢Assessment hearing
No Assessments (475):
➢Update 5-year Street Reconstruction Plan
➢Public hearing
➢Wait 30 days (subject to reverse referendum)
➢Order improvements
NEXT STEPS
➢Update 2015 construction documents
➢Add design for mini roundabout
➢Confirm property impacts
➢Update title work and appraisals
➢Meet with property owners
➢Negotiate right-of-way acquisition
➢Finalize construction documents
➢Hold public hearing (475 process)
➢Wait 30 days for reverse referendum
➢Order project
➢Bid
➢Construction
QUESTIONS?
DRAFT
CITY OF PRIOR LAKE, MN
2017 to 2021 AMENDED STREET RECONSTRUCTION PLAN
ORIGINAL PLAN ADOPTED: AUGUST 22, 2016
AMENDED PLAN ADOPTED: _________________, 2018
City of Prior Lake
2017-2021 Street Reconstruction Plan
Page 2 of 7
City of Prior Lake , MN
2017-2021 Amended Street Reconstruction Plan
I. Introduction
The City of Prior Lake (the “City”) historically has conducted street maintenance and
reconstruction as part of its annual operational budget or as part of a street improvement
capital improvement project. The maintenance and reconstruction has included seal
coating, mill and overlay, complete reconstruction, and other such items incidental to the
maintenance of city streets. The City finds that it does not always have the resources for
reconstructing streets as quickly as required, due to increased need for major
reconstruction projects.
Due to this fact, the City has in the past and plans to in the future finance a portion of its
street reconstruction through the issuance of General Obligation Street Reconstruction
Bonds.
The City adopted the 2017 to 2021 Street Reconstruction Plan on August 22, 2016 (the
“Original Plan”. The 2017 to 2021 Amended Street Reconstruction Plan (the “Amended
Plan”) was adopted on _______________, 2018, following a public hearing.
II. Statutory Authority and Requirements
Minnesota Statutes, Section 475.58, Subdivision 3b (the “Act”) authorizes Minnesota cities to
adopt a Street Reconstruction Plan. The Plan must cover at least a five-year period and set
forth the streets to be reconstructed, the estimated costs, and any planned reconstruction of
other streets in the municipality over the next five years.
Street Reconstruction Bonds can be used to finance the reconstruction and bituminous
overlay of existing city streets. Eligible improvements may include turn lanes and other
improvements having a substantial public safety function, realignments, other
modifications to intersect with state and county roads, and the local share of state and
county road projects. Except in the case of turn lanes, safety improvements, realignments,
intersection modifications, and the local share of state and county road projects, street
reconstruction does not include the portion of project cost allocable to widening a street or
adding curbs and gutters where none previously existed. Street Reconstruction Bonds are
subject to the debt limit.
The Act sets forth specific requirements for the issuance of Street Reconstruction Bonds,
which are as follows:
City of Prior Lake
2017-2021 Street Reconstruction Plan
Page 3 of 7
• The projects financed under this authority must be described in a street reconstruction
plan, as described above.
• The city must publish notice of and hold a public hearing on the proposed plan and
the related issuance of bonds. The notice must be published at least ten days but not
more than 28 days prior to the hearing date.
• The Original Plan approved on August 22, 2016 was approved by a vote of all of the
members of the governing body present at the meeting following a public hearing.
• The Amended Plan must be approved by a vote of a two-thirds majority of the
members of the governing body present at the meeting following a public hearing.
• The issuance of bonds is subject to a reverse referendum. An election is required if
voters equal to 5% of the votes cast in the last municipal general election file a petition
with the city clerk within 30 days of the public hearing. If the city decides not to
undertake an election, it may not propose the issuance of Street Reconstruction Bonds
for the same purpose and in the same amount for a period of 365 days from the date of
receipt of the petition. If the question of issuing the bonds is submitted and not
approved by the voters, the provisions of section 475.58, subdivision 1a, shall apply
(no resubmission for same purpose/amount for 180 days).
III. History and Existing Street Reconstruction Bonds
At the time of the approval of the Original Plan , the following Street Reconstruction
(issued under Chapter 475) were outstanding:
At the
time
of the
appro
val of the Amended Plan, the following Street Reconstruction Bonds (issued under Chapter
475) were outstanding:
Bond Issue Amount Outstanding
$1,400,000 G.O. Street Reconstruction Bonds, Series 2007B $ 330,000
$3,240,000 G.O. Bonds, Series 2011A 295,000
$5,780,000 G.O. Bonds, Series 2011B 400,000
$3,240,000 G.O. Bonds, Series 2013A 425,000
$2,665,000 G.O. Bonds, Series 2014A 1,985,000
$2,490,000 G.O. Taxable Bonds, Series 2015B 2,330,000
$3,505,000 G.O. Bonds, Series 2016A 350,000
Total Outstanding Street Reconstruction Bonds $ 6,115,000
Bond Issue Amount Outstanding
$3,240,000 G.O. Bonds, Series 2011A $ 205,000
$5,780,000 G.O. Bonds, Series 2011B 290,000
City of Prior Lake
2017-2021 Street Reconstruction Plan
Page 4 of 7
IV. N
et
Debt
Limit
s
Min
nesota Statutes Section 475.53, Subd. 1 states that no municipality, except a school district
or a city of the first class, shall incur or be subject to a net debt in excess of three percent of
the market value of taxable property in the municipality.
Bonds issued under the authority granted by this Street Reconstruction Plan are subject to
the net debt limit restriction described above. The net debt capacity for the City at time of
approval of the Original Plan is shown below under Statutory Debt Limit.
Statutory Debt Limit1
Minnesota Statutes, Section 475.53 states that a city or county may not incur or be subject to a net debt in
excess of three percent (3%) of its estimated market value. Net debt is, with limited exceptions, debt paid
solely from ad valorem taxes.
Computation of Legal Debt Margin as of May 2, 2016:
At
time
of the
appro
val of
the
Origi
nal
Plan,
the
City
appro
ved
the
issuan
ce of an amount not to exceed $2,680,000 in General Obligation Street Reconstruction Bonds
1 Effective June 2, 1997 and pursuant to Minnesota Statutes 465.71, any lease revenue or public project revenue bond
issues/agreements of $1,000,000 or more are subject to the statutory debt limit. Lease revenue or public project
revenue bond issues/agreements less than $1,000,000 are not subject to the statutory debt limit.
$3,240,000 G.O. Bonds, Series 2013A 325,000
$2,665,000 G.O. Bonds, Series 2014A 1,605,000
$2,490,000 G.O. Taxable Bonds, Series 2015B 1,860,000
$3,505,000 G.O. Bonds, Series 2016A 320,000
Total Outstanding Street Reconstruction Bonds $ 4,605,000
2015/2016 Estimated Market Value $2,981,761,500
Multiplied by 3% x 0.03
Statutory Debt Limit
$ 89,452,845
$6,260,000 G.O. Refunding Bonds, Series 2005A ( 1,535,000)
$1,400,000 G.O. Street Reconstruction Bonds, Series 2007B ( 330,000)
$3,240,000 G.O. Bonds, Series 2011AError! Bookmark not
defined.
( 295,000)
$5,780,000 G.O. Bonds, Series 2011B ( 3,780,000)
$9,825,000 G.O. Capital Improvement Plan Bonds, Series 2012A ( 8,240,000)
$3,240,000 G.O. Bonds, Series 2013A ( 425,000)
$2,665,000 G.O. Bonds, Series 2014A ( 1,985,000)
$2,490,000 Taxable G.O. Bonds, Series 2015B ( 2,330,000)
$3,630,000 G.O. Bonds, Series 2016A ( 760,000)
Less outstanding debt applicable to debt limit:
($ 19,680,000)
Legal debt margin
$ 69,772,845
City of Prior Lake
2017-2021 Street Reconstruction Plan
Page 5 of 7
between August 22, 2016 and August 22, 2021. (The maximum amount included estimated cost
of issuance of bonds and rounding.) The not to exceed bond issuance amount was within the
City's Legal Debt Margin.
At time of approval of the Amended Plan the City’s Statutory Debt Limit is as follows:
Computation of Legal Debt Margin as of January 2, 2018:
The
Ame
nded
Plan
provi
des
for
the
issua
nce of
a not
to
excee
d amount of $4,015,000 in General Obligation Street Reconstruction Bonds between
August 22, 2016 and August 22, 2021. (The maximum amount includes estimated cost
of issuance of bonds and rounding). The proposed bond issuance is within the current
City’s Legal Debt Margin, as of the date of adoption of the Amended Plan.
V. Proposed Street Reconstruction and Cost Estimate
The Original Plan is detailed in Table A. The Amended Plan is detailed in Table B. The City
reserves the right to adjust the amount of annual spending between years, as long as the
overall 2017 to 2021 Street Reconstruction Plan is not increased.
2016/2017 Estimated Market Value $3,076,199,800
Multiplied by 3% x 0.03
Statutory Debt Limit
$ 92,285,994
$3,240,000 G.O. Bonds, Series 2011AError! Bookmark not
defined.
( 205,000)
$5,780,000 G.O. Bonds, Series 2011B ( 3,400,000)
$9,825,000 G.O. Capital Improvement Plan Bonds, Series 2012A ( 7,395,000)
$3,240,000 G.O. Bonds, Series 2013A ( 325,000)
$2,665,000 G.O. Bonds, Series 2014A ( 1,605,000)
$2,490,000 Taxable G.O. Bonds, Series 2015B ( 1,860,000)
$3,630,000 G.O. Bonds, Series 2016A ( 675,000)
$4,505,000 G.O. Bonds, Series 2017A ( 370,000)
Less outstanding debt applicable to debt limit:
($ 15,835,000)
Legal debt margin
$ 76,450,994
City of Prior Lake
2017-2021 Street Reconstruction Plan
Page 6 of 7
CITY OF PRIOR LAKE 2017-2022 STREET
RECONSTRUCTION PLAN
Amounts
August 22, 2016 through August 22, 2017
County wide flashing yellow signal conversion $75,000
TOTAL 2017 $75,000
August 23, 2017 through August 22, 2018
TOTAL 2018 $0
August 23, 2018 through August 22, 2019
Fish Point Road (Fawn Meadows to CR 21) Reconstruction $600,000
CSAH 21 Bridge Deck Replacement $175,000
CR 21 / TH 13 / Main Ave Reconstruction and / Arcadia Signal $500,000
TOTAL 2019 $1,275,000
August 23, 2019 through August 22, 2020
CSAH 21 and CASH 87 Reconstruction $350,000
TOTAL 2020 $350,000
August 23, 2020 through August 22, 2021
Northwood Road (Fremont to Knollridge) (1994) Reconstruction $900,000
TOTAL 2021 $900,000
GRAND TOTAL (3/30/17 THROUGH 3/30/22)$2,600,000
Bond Issuane Costs, Capitalized Interest, and Rounding $80,000
GRAND TOTAL $2,680,000
TABLE A
City of Prior Lake
2017-2021 Street Reconstruction Plan
Page 7 of 7
CITY OF PRIOR LAKE 2017-2021 AMENDED STREET
RECONSTRUCTION PLAN
Amounts
August 22, 2016 through August 22, 2017
County wide flashing yellow signal conversion $75,000
TOTAL 2017 $75,000
August 23, 2017 through August 22, 2018
Duluth Avenue / TH 13 Signal $1,300,000
TOTAL 2018 $1,300,000
August 23, 2018 through August 22, 2019
Fish Point Road (Fawn Meadows to CR 21) Reconstruction $600,000
CSAH 21 Bridge Deck Replacement $175,000
CR 21 / TH 13 / Main Ave Reconstruction and / Arcadia Signal $500,000
TOTAL 2019 $1,275,000
August 23, 2019 through August 22, 2020
CSAH 21 and CASH 87 Reconstruction $350,000
TOTAL 2020 $350,000
August 23, 2020 through August 22, 2021
Northwood Road (Fremont to Knollridge) (1994) Reconstruction $900,000
TOTAL 2021 $900,000
GRAND TOTAL (3/30/17 THROUGH 3/30/22)$3,900,000
Bond Issuance Costs, Capitalized Interest, and Rounding $115,000
GRAND TOTAL $4,015,000
TABLE B