HomeMy WebLinkAbout06 18 2018 2019-2028 CIP Report
Phone 952.447.9800 / Fax 952.447.4245 / www.cityofpriorlake.com
4646 Dakota Street SE
Prior Lake, MN 55372
CITY COUNCIL WORKSHOP REPORT
MEETING DATE:
AGENDA ITEM:
JUNE 18, 2018
1B
PREPARED BY: CATHY ERICKSON, FINANCE DIRECTOR
JASON WEDEL, PUBLIC WORKS DIRECTOR & CITY ENGINEER
PRESENTED
BY:
CATHY ERICKSON AND JASON WEDEL
TOPIC: DRAFT 2019 – 2023 CAPITAL IMPROVEMENT PROGRAM
DISCUSSION: Introduction
At the Council workshop on April 2, Staff presented a Five-year Property Tax
projection that included the projects identified in the approved 2017 – 2021 CIP.
The projection will be updated based on the outcome of this year’s CIP process.
This year, the CIP Council Workshops are divided into two parts.
Part 1: The purpose of this workshop is to complete a City Council review and
receive input regarding the proposed 2019-2023 Capital Improvement Program
(CIP) for the following draft plans:
1) Transportation Plan
2) Equipment Replacement Plan
3) Park Plan
4) Facilities Management Plan
5) Street Overlay Plan
Part 2: The remaining CIP draft plans, noted below, will be reviewed at the July 16
Council workshop
1) Utility Capital Projects (which impact the water/sewer/water quality
plans)
2) Water Operating Plan
3) Sanitary Sewer Operating Plan
4) Water Quality Operating Plan
5) Technology Plan
The July 16 Council workshop will also include the financial analysis of the Capital
Improvement Plans. The draft summary documents have been included for City
Council review. The supporting documentation for each of the plans is available if
needed.
History
The City’s Capital Improvement Program (CIP) has become our most important
and impactful financial planning tool for the following reasons:
• It sets forth the actions the City intends to take alone or with others to
restore, build or replace city infrastructure estimated to exceed $400 million.
• It is a multi-year document which divides the financial planning focus over
nine key infrastructure systems.
Staff has sought to be consistent in the update of each of the Plans by using the
following methodologies:
➢ Existing Assets/Amenities
• Replacement year is based on the useful life of the asset;
• Replacement value is based on a current estimated replacement cost
inflated at 3%/year to the scheduled replacement year;
• Replacement is evaluated each year depending on the condition and
safety of the asset, maintenance needed, etc.
➢ Community Growth
Generally speaking, the City has not added capital resources (vehicles,
equipment, technology, etc.) that would be associated with the growth of
the community for several years. We have primarily been trying to
maintain/refurbish/replace our equipment, fleet, parks and buildings versus
adding NEW staff, equipment etc. to meet the growing street, trail and park
needs.
Regarding our water supply infrastructure (source, storage and treatment),
the City entered into a Cooperative Water Agreement with the SMSC in
2017 that supports our anticipated growth. This will be discussed further at
the Capital Plans Review II at the July 16 workshop.
Current Circumstances
1. Transportation Plan
2019-2023
The timing of projects has been adjusted to coincide with the Scott County
Transportation Plan and to moderate the impact on the tax levy and utility user
rates. 2019-2023 bonding is estimated at $14,403,000. This is an estimated
reduction in five-year bonding of $5,440,000. Other changes include:
1. Balancing full reconstruction projects, which include water and sewer utility
replacement, with reclamation projects that only include street work. The
goal is to reduce the annual impact on the water & sewer funds for the full
reconstruction projects
2. Adding assessment funding for reclamation projects.
3. Shifting the Green Heights/Pershing area project from 2019 to 2021. This
project includes a private street (Inguadona). By moving the project to
2021, it allows for additional time to determine the policy and any potential
funding mechanism for private streets with utility replacement.
4. Shifted Fish Point Rd from 2020 to 2019
5. Shifted Northwood Rd area streets from 2021 and 2022
6. Identified the Lakeside and Colorado area street project for 2023
Staff has updated the Plans and will present the 2019-2023 projects at the
workshop for City Council consideration. Attached are the following documents for
Council review and discussion at the workshop:
• The Summary of the Transportation Plan (10-year)
• Transportation Plan Maps
2024-2028
Recognizing that projects shift within our five-year CIP, projects scheduled for 2024
– 2028 show general non-specific information. Staff recommends rehabilitation or
reconstruction of two miles per year. The plan currently includes one and a half
miles per year.
2. Street Overlay Plan
Minnesota Statutes, Section 429.091, Subd. 7a, authorizes the issuance of general
obligation bonds secured by the revenues of a permanent improvement revolving
fund (PIR Fund). In 2017, the Council approved the establishment of the PIR
Fund.
The plan reflects four miles of street overlay annually. W e anticipate that the City
will bond for the special assessment portion of the cost and fund the remainder
with prepayments of special assessments collected from prior year(s)
improvements and an annual tax levy. The fund will be reviewed annually, to
monitor cash flow and determine the tax levy needed. The 2019 project currently
includes Pike Lake Trail from CSAH 42 to Carriage Hills Parkway and streets in the
Wilds neighborhood. A feasibility report will be completed this fall.
3. Equipment Replacement Plan (ERP)
An evaluation of the condition of the City’s fleet is completed annually and the ERP
updated. In 2014 a condition index was developed as a tool in completing this
evaluation in a systematic way using data collected through the fleet management
system.
The cost for several vehicles has been updated based on recent purchases and
other industry changes.
The ERP also includes an inventory and replacement of vehicles/equipment
attachments and the emergency sirens to ensure appropriate funding is identified
for these items as well.
Significant changes from the 2017-2021 CIP:
Water Tanker: The replacement year for the water tanker has been shifted from
2024 to 2019. In previous years, the replacement has been pushed off as staff
tried to smooth the annual equipment expenditures within the confines of the
annual tax levy. The stainless-steel tank baffles have been repaired multiple times.
A refurbish vs replacement is too costly. Credit River and Spring Lake Townships
do not have water hydrants. The water tanker is used to get water to the
townships when needed.
Encrypted Radios: The police department needs to move all radios to encrypted
radios by 2022. Staff recommends purchasing about a quarter of the radios each
year to meet the 2022 deadline. The total cost for forty-four radios is $220,000.
The ERP is the correct plan for funding this type of purchase.
Funding Sources:
The previous financing plan includes a phased increase in the tax levy from
$550,000 in 2018 to $600,000 in 2019. The ERP fund balance is not sufficient to
absorb the cost of the water tanker and the Police radios. Staff is evaluating the
impact on the long-range financial plan of the following:
• Utilize bond proceeds for the water tanker in 2019 ($325,000). A portion of
the cost for the tanker is shared with the townships since it is indispensable
in providing fire service to them.
• Utilize Police forfeiture funds in 2019 to cover a portion of the radio cost.
This would allow us to maintain the 2019 levy request at $600,000. The
city has a Police Forfeiture Fund with a small fund balance. There is
Criminal and DWI designated cash within the Forfeiture Fund. The use of
funds is required to follow State Statute. The ERP plan reflects funding a
quarter of the radio cost from the Police Forfeiture fund (criminal portion).
This would be a qualifying purchase. The remaining radio cost would be
funded from the ERP starting in 2020. The full cost of $220,000 would be
incorporated into the long-term ERP as the forfeiture fund is not an annual
funding source that can be relied on for purchases.
Our goal is to maintain the levy at a level that can absorb an unplanned equipment
failure, or fund an unanticipated equipment need. This is an ongoing challenge as
the equipment tax levy has historically been reduced to achieve an overall tax levy
target.
The major equipment purchases, by year, (>$100,000 or additions) have been
summarized below.
2019
Fire Water Tanker $325,000
Public Works 9 Ton, Dump Tandem Axle $225,000
Parks Tractor $124,000
2020
Parks 9 Ton, Dump Tandem Axle $232,000
2021
Fire Pumper $724,500
Public Works Loader $234,000
2022
Parks Truck-Boom $106,000
Parks Tractor $122,000
2023
Parks Sidewalk Machine $155,000
4. Park Plan
New park capital improvements are planned (budgeted) in the Capital Park Fund
(Fund 225). Existing park capital improvements are planned (budgeted) for in the
Revolving Park Equipment Fund (Fund 430).
A Master Park Plan will be completed by early 2019. The purpose of the plan is to
look at current parks and proposed changes/updates as well as the City’s future
needs and location of new parks. The updated Master Park Plan will also include a
trail maintenance and gaps analysis.
Fund 225 – New park improvements
In accordance with State Statutes, revenues in the Capital Park Fund may only be
used for the acquisition and development or improvement of parks, recreational
facilities, playgrounds, trails, wetlands, or open space based on the approved park
systems plan. The next neighborhood park development is not scheduled until
2019 and every other year thereafter, or as demand dictates. Moving forward we
are working with developers to have them install new neighborhood parks and
crediting the cost against their park dedication fees rather than having City staff
construct the parks. This would ensure that the parks are constructed in a timely
manner prior to homes being constructed which eliminates any miscommunication
with residents on what amenities will be included in the parks. In addition, the
developer can use the completed park improvements to market their
developments.
In 2019, the plan includes expenditures of $250,000 for the Hwy 13 trail gap to be
completed as part of Duluth/TH 13 project. No other plan funding is allocated for
new development trails.
Fund 430 – Existing park improvement:
This plan funds capital replacement projects, park amenities, and trail, sidewalk
and boardwalk replacement. The plan proposes an increase in the tax levy for
trails, etc. of $100,000 annually until 2024 when the levy is proposed at $425,000.
The current plan has significant expenditures slated for 2028 at the community
parks. Modifications to planned future expenditures will be made based on the
updated Master Park Plan.
5. Facility Management Plan
The Facility Replacement Plan (FMP) was developed to plan for major repairs,
replacements and upgrades for all our facilities on a long-term basis (25 years).
The FMP uses standard life expectancy of the facility components and equipment
to determine the appropriate placement in the plan.
2019
Fire Station #1 Hoist/Crane & Misc. $68,000
Library / Club Prior Misc. $22,000
2020
Fire Station #1 Epoxy Flooring $65,000
2021
City Hall Carpet, Wall Coverings, HVAC &
Misc.
$304,000
Police Station Carpet, Wall Coverings, HVAC &
Misc.
$168,000
Maintenance Center Parking Lot, Crane & Misc. $299,000
2022- No significant purchases
2023
Fire Station #1 $12,000
Fire Station #2 $40,000
Water Treatment
Facility
Ventilators, Carpet, HVAC & Misc. $139,000
Staff reviewed the transfers from the utility funds to fund the facility planned
expenditures for the Maintenance Center and the Water Treatment Facility. The
annual transfer from the Water Fund to the FMP has been increased by about
$36,000 to provide funding for the Utility Funds related facility work.
Conclusion
The City Council should provide Staff with comments and input on these
components of the draft CIP so that they can be refined in preparation for the
public review and approval process. If the Council is hesitant about proceeding
with any of the projects that are programmed for 2017, it would be beneficial to
know this at this point in the planning process.
A public hearing before the City Council is scheduled for the proposed CIP on
Monday, August 8.
ISSUES: The City has been working over the last several years to document all of its assets
and plan for major maintenance or replacements. As these documents have been
refined the financial impacts of our needs are putting pressure on our funding
mechanisms given our current funding levels.
FINANCIAL
IMPACT:
Approval of the CIP does not obligate the City to complete the proposed projects or
purchases. The 2019 projects, equipment replacement costs and facility repairs
will be incorporated into the 2019 budget requests for budgeted funds. Further
Council approvals may be necessary to comply with state statutes and the city’s
purchasing policy.
Additional financial information related to the impact of the proposed CIP on debt
levels, fund balance reserves and average utility customer will be distributed at the
2nd CIP workshop in July.
RECOMMENDED
ACTION:
The Council should provide comments on the draft CIP document and its various
elements in order that the approval process can proceed as planned.
CITY OF PRIOR LAKE Draft 6/18/2018
2019-2028 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
2018 CSAH 42/TH 13 Partnership NA NA NA 60,000 - - Recon - - - - - - - 60,000 13,472,468 150,000 - 13,682,468
2018 County Wide Flashing Yellow Signal Conversion NA NA NA 104,670 Recon 104,670 - - 104,670
2018 Duluth Avenue / TH 13 Signal Partnership 0.1 NA NA 400,000 - 929,028 475 163,025 - - - - - - - 1,492,053 - - 710,000 - 2,202,053
2018 Franklin Trail (CR 44 to Summer) (1972)Pavement/Recon 0.33 17 26 - 1,051,348 429 399,036 220,439 378,748 - - - - - 2,049,571 - - - 2,049,571
2018 Huron/Wildwood/Woodside/Santee (1986)Pavement/Recon 0.72 18 25 - - 899,358 429 585,369 556,461 467,176 347,831 - - - - 2,856,195 - - - - 2,856,195
2018 Project Totals 1.15 460,000$ -$ 2,984,404$ 1,147,430$ 776,900$ 845,924$ 347,831$ -$ -$ -$ -$ 6,562,489$ -$ 13,472,468$ 860,000$ -$ 20,894,957$
2019 CR 21/ TH 13 / Main Ave / Arcadia Signal Partnership NA NA NA 1,000,000 - 1,000,000 Recon - 100,000 250,000 - - - - - 2,350,000 - 9,272,268 - 11,622,268
2019 Fish Point Road (Fawn Meadows to CR 21)Pavement/Rehab 0.28 28 78 572,000 429 64,000 636,000 636,000
2019 Project Totals 0.28 1,000,000$ -$ 1,572,000$ 64,000$ 100,000$ 250,000$ -$ -$ -$ -$ -$ 2,986,000$ -$ 9,272,268$ -$ -$ 12,258,268$
-
2020 CSAH 42 (CR83 to CR17)Partnership NA 396,000 - Recon - - - - 162,500 125,000 - - 683,500 - - - - 683,500
2020 Hidden Oaks/Timberview/Timber (1986)Pavement/Recon 0.4 22 39 - - 747,300 429 263,043 424,000 106,000 118,964 - - - - 1,659,307 - - - - 1,659,307
2020 Millers/Omega/Glory (1982)Pavement/Rehab 0.31 25 79 - - 413,400 429 222,600 41,340 - - - - - 677,340 - - - - 677,340
2020 Fish Point Road (CR 44 to TH 13)Pavement/Recon 0.66 22 40 600,000 - 1,096,000 429 794,421 636,000 307,400 189,931 - - - - 3,623,752 - - - - 3,623,752
2020 Colorado Street (Arcadia to Main)Pavement/Recon 0.14 166,140 429 164,720 92,300 71,000 80,940 575,100 575,100
2020 Colorado Street Parking Lot Partnership NA 138,000 429 138,000 162,000 300,000
2020 Project Totals 1.51 996,000$ -$ 2,560,840$ 1,444,783$ 1,193,640$ 484,400$ 389,835$ 162,500$ 125,000$ -$ -$ 7,356,999$ -$ 162,000$ -$ -$ 7,518,999$
2021 Inguadona/Roosevelt/Ramsey/Green Hts Trail/Park (private)Pavement/Recon 0.59 475 702,685$ 608,785$ 150,000$ 1,461,470 - - - - 1,461,470
2021 Pershing/Dunkirk/Dutch/Roanoke/Green Hts/Spring (1985)Pavement/Recon 0.76 26 34 - - 1,306,910 429 666,644 647,460 601,680 245,250 - - - - 3,467,944 - - - - 3,467,944
2021 Park Avenue (1985)Pavement/Rehab 0.14 24 78 - - 168,950 429 115,540 57,225 - - - - - 341,715 - - - - 341,715
- - - - - - - - - -
2021 Project Totals 1.49 -$ -$ 1,475,860$ 782,184$ 1,407,370$ 1,210,465$ 395,250$ -$ -$ -$ -$ 5,271,129$ -$ -$ -$ -$ 5,271,129$
2022 Northwood Road (Fremont to Knollridge) (1994)Pavement/Rehab 0.52 29 84 - - 1,097,600 429 - - - - - - - 1,097,600 - - - - 1,097,600
2022 Northwood Road (Knollridge to CSAH 12) (1994)Pavement/Recon 0.6 16 79 400,000 - 1,611,456 429 246,848 231,840 61,040 193,760 - - - - 2,744,944 - - - - 2,744,944
2022
Knollridge/Hawk Ridge/Viewcrest (1998) Lake Haven/Shady
Cove/Lake Bluff(2000)Fremont Cir/Fremont St/Crystal (1986)Pavement/Rehab NA 37 85 - - 207,200 429 97,664 - - - - - - - 304,864 - - - - 304,864
2022 Frost Point Circle (1974)Pavement/Recon 0.17 24 35 - - 305,760 429 220,304 196,000 140,000 56,000 - - - - 918,064 - - - - 918,064
2022 Project Totals 1.29 400,000$ -$ 3,222,016$ 564,816$ 427,840$ 201,040$ 249,760$ -$ -$ -$ -$ 5,065,472$ -$ -$ -$ -$ 5,065,472$
2023 Martindale/Henning Circle/Hickory Lane Pavement/Rehab 0.6 379,800$ 429 253,200$ 633,000 633,000
2023 Lakeside Avenue (CR21 to Pleasant)Pavement/Recon 0.34 418,860$ 429 415,280$ 232,700$ 179,000$ 204,060$ 1,449,900 1,449,900
2023 Colorado (Duluth to Arcadia)Pavement/Recon 0.08 102,960$ 429 102,080$ 57,200$ 44,000$ 50,160$ 356,400 356,400
2023 Duluth (CR21 to TH13)Pavement/Recon 0.43 522,000$ 429 522,000$ 292,500$ 225,000$ 256,500$ 1,818,000 1,818,000
- - - - - - - - - - - -
2023 Project Totals 1.45 -$ -$ 1,423,620$ 1,292,560$ 582,400$ 448,000$ 510,720$ -$ -$ -$ -$ 4,257,300$ -$ -$ -$ -$ 4,257,300$
2024 Street Reconstruction Non-Specific Pavement/Recon 1.5 - - 2,850,000 429 1,340,768 825,000 425,000 361,152 - - - - 5,801,920 - - - - 5,801,920
2024 Project Totals 1.5 -$ -$ 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 1.5 - - 2,850,000 429 1,340,768 825,000 425,000 361,152 - - - - 5,801,920 - - - - 5,801,920
2025 Project Totals 1.5 -$ -$ 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 1.5 - - 2,850,000 429 1,340,768 825,000 425,000 361,152 - - - - 5,801,920 -$ -$ -$ -$ 5,801,920
2026 Project Totals 1.5 -$ -$ 2,850,000$ 1,340,768$ 825,000$ 425,000$ 361,152$ -$ -$ -$ -$ 5,801,920$ -$ -$ -$ -$ 5,801,920$
2027 Street Reconstruction Non-Specific Pavement/Recon 1.5 - - 2,850,000 429 1,340,768 825,000 425,000 361,152 - - - - 5,801,920 -$ -$ -$ -$ 5,801,920
2027 Project Totals 1.5 -$ -$ 2,850,000$ 1,340,768$ 825,000$ 425,000$ 361,152$ -$ -$ -$ -$ 5,801,920$ -$ -$ -$ -$ 5,801,920$
2028 Street Reconstruction Non-Specific Pavement/Recon 1.5 - - 2,850,000 429 1,340,768 825,000 425,000 361,152 - - - - 5,801,920 -$ -$ -$ -$ 5,801,920
2028 Project Totals 1.5 -$ -$ 2,850,000$ 1,340,768$ 825,000$ 425,000$ 361,152$ -$ -$ -$ -$ 5,801,920$ -$ -$ -$ -$ 5,801,920$
Program Totals 2,396,000$ -$ 24,504,336$ -$ 10,852,183$ 7,836,250$ 4,718,905$ 3,351,325$ 162,500$ 125,000$ -$ -$ 53,946,500$ -$ 9,434,268$ -$ -$ 63,380,768$
CITY OF PRIOR LAKE Draft 6/18/2018
CITY OF PRIOR LAKE
2019 - 2028 STREET OVERLAY PLAN (PIR F450)
2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
PIR Fund (F450)
Use of Funds:
Street Overlay Project 700,000$ 700,000$ 700,000$ 700,000$ 700,000$ 700,000$ 700,000$ 700,000$ 700,000$ 700,000$
Transfer to Debt Service Funds 186,306 297,174 413,043 523,812 559,580 561,343 561,343 561,343 561,343 561,343
Total Use of Funds 886,306$ 997,174$ 1,113,043$ 1,223,812$ 1,259,580$ 1,261,343$ 1,261,343$ 1,261,343$ 1,261,343$ 1,261,343$
Sources of Funds:
Special Assessment Revenue 230,089 356,227 446,498 532,065 574,968 565,754 560,560 560,560 560,560 560,560
Bond Proceeds 490,000 490,000 490,000 490,000 490,000 490,000 490,000 490,000 490,000 490,000
Tax Levy 95,000 175,000 195,000 205,000 205,000 205,000 205,000 210,000 210,000 210,000
Interest Earnings (1.5%)4,231 3,226 3,635 3,967 4,075 4,292 4,347 4,326 4,379 4,433
Total Source of Funds 819,320$ 1,024,453$ 1,135,133$ 1,231,031$ 1,274,043$ 1,265,046$ 1,259,907$ 1,264,886$ 1,264,939$ 1,264,993$
Change in Fund Balance (66,986)$ 27,279$ 22,090$ 7,220$ 14,463$ 3,703$ (1,436)$ 3,543$ 3,596$ 3,650$
Beginning Fund Balance 282,064$ 215,078$ 242,357$ 264,447$ 271,667$ 286,129$ 289,832$ 288,396$ 291,939$ 295,535$
Ending Fund Balance 215,078$ 242,357$ 264,447$ 271,667$ 286,129$ 289,832$ 288,396$ 291,939$ 295,535$ 299,185$
DRAFT 6/18/2018
2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
Use of Funds:
Fire Dept Total 323,575$ 46,933$ 703,443$ 99,698$ 71,643$ -$ -$ 859,846$ -$ -$
Police Dept Total 207,823 198,198 229,505 255,287 92,738 134,056 221,263 155,485 150,519 216,863
Public Works Dept Total 681,625 655,289 466,205 623,779 475,292 472,225 687,144 447,966 699,416 842,373
Total Use of Funds 1,213,023$ 900,419$ 1,399,152$ 978,763$ 639,673$ 606,281$ 908,407$ 1,463,297$ 849,934$ 1,059,237$
Source of Funds:
Interest Earnings (1.5%)7,775 7,015 5,194 7,346 4,504 6,857 10,120 8,901 11,940 11,625
Annual Equipment Levy 600,000 600,000 600,000 600,000 600,000 625,000 625,000 625,000 625,000 625,000
General Fund Contribution - - - .- - - - - -
Water Fund Contribution 70,000 70,000 75,000 75,000 80,000 80,000 80,000 80,000 80,000 80,000
Sewer Fund Contribution 70,000 70,000 75,000 75,000 80,000 80,000 80,000 80,000 80,000 80,000
Water Quality Fund Contribution 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000
Forfeiture Funds / Donations 57,600 - 30,389 - - - - - - -
Watershed District Grant
Auction Proceeds 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000
Bond Proceeds 325,000 725,000 - - - - 840,000 - -
Total Source of Funds 1,162,375$ 779,015$ 1,542,583$ 789,346$ 796,504$ 823,857$ 827,120$ 1,665,901$ 828,940$ 828,625$
Change in Fund Balance (50,648)$ (121,404)$ 143,431$ (189,418)$ 156,831$ 217,576$ (81,286)$ 202,605$ (20,994)$ (230,611)$
Beginning Fund Balance 518,332$ 467,683$ 346,280$ 489,710$ 300,293$ 457,124$ 674,700$ 593,413$ 796,018$ 775,024$
Ending Fund Balance 467,683$ 346,280$ 489,710$ 300,293$ 457,124$ 674,700$ 593,413$ 796,018$ 775,024$ 544,412$
CITY OF PRIOR LAKE
2019 - 2028 EQUIPMENT REPLACEMENT PLAN
Page 1 of 1
CITY OF PRIOR LAKE Draft 06/18/2018
2019 - 2028 PARK PLAN
2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
Capital Park Fund (F225)
Use of Funds:
Neighborhood Park Development 170,000 - 170,000 - 170,000 - 170,000 - 170,000
New DevelopmentTrail Alignments - - - - - - - - - -
Community Park Development 3,200,000
General Parks 50,000
220,000 - 170,000 - 170,000 - 3,370,000 - 170,000 -
Sources of Funds:
Bond Proceeds - Park Referendum
Park Dedication Fees 450,000 450,000 450,000 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Miscellaneous Revenues (including interest)44,000 48,000 56,000 61,000 68,000 74,000 82,000 39,000 46,000 51,000
Total Source of Funds 494,000 498,000 506,000 511,000 518,000 524,000 532,000 489,000 496,000 501,000
Change in Fund Balance 274,000$ 498,000$ 336,000$ 511,000$ 348,000$ 524,000$ (2,838,000)$ 489,000$ 326,000$ 501,000$
Beginning Fund Balance 1,342,454$ 1,616,454$ 2,114,454$ 2,450,454$ 2,961,454$ 3,309,454$ 3,833,454$ 995,454$ 1,484,454$ 1,810,454$
Ending Fund Balance 1,616,454$ 2,114,454$ 2,450,454$ 2,961,454$ 3,309,454$ 3,833,454$ 995,454$ 1,484,454$ 1,810,454$ 2,311,454$
Revolving Park Equipment Fund (F430)
Use of Funds:
Capital Replacement Projects 47,762 13,178 332,619 257,658 43,856 266,333 241,636 1,387,163
Park Amenity Replacements 141,530 145,776 150,149 154,654 159,294 164,072 168,995 174,064 179,286 184,665
Trail, Sidewalk, and Boardwalk Replacement 100,000 200,000 300,000 400,000 412,000 424,360 437,091 450,204 463,710 477,621
Natural Area Restoration - - - - - - - - - -
Existing Trail and Sidewalk Gap Priorities - - - - - - - - - -
Total Use of Funds 289,292 345,776 450,149 567,832 903,913 846,090 649,942 890,601 884,632 2,049,449
Sources of Funds:
Interest Earnings (1.5%)7,310 7,420 7,531 7,644 7,759 7,875 7,993 8,113 8,235 8,358
Tax Levy 289,292 345,776 450,149 567,832 903,913 846,090 649,942 890,601 884,632 849,449
Bond Proceeds 1,200,000
- - ...
Total Source of Funds 296,603 353,196 457,681 575,476 911,672 853,965 657,935 898,714 892,867 2,057,807
Change in Fund Balance 7,310$ 7,420$ 7,531$ 7,644$ 7,759$ 7,875$ 7,993$ 8,113$ 8,235$ 8,359$
Beginning Fund Balance 487,350$ 494,660$ 502,080$ 509,612$ 517,256$ 525,015$ 532,890$ 540,883$ 548,996$ 557,231$
Ending Fund Balance 494,660$ 502,080$ 509,612$ 517,256$ 525,015$ 532,890$ 540,883$ 548,996$ 557,231$ 565,590$
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 $714,494
Memorial
Sand Point Beach
The Ponds $303,152
Thomas Ryan Memorial
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 $1,445,619
Vierling Community Park
TOTAL REFERENDUM NEEDS -$ -$ -$ -$ -$ -$ 13,801,719$ -$ -$ -$
CITY OF PRIOR LAKE
2019 - 2028 FACILITIES MANAGEMENT PLAN Draft 6/18/2018
2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
Use of Funds:
City Hall - - 303,610 - - 255,374 - 699,287 - -
Police Station - - 168,262 - - 309,638 - 513,891 - -
Fire Station #1 67,998 64,479 - - 11,743 110,147 - - 12,336 -
Fire Station #2 - - - - 40,154 29,029 - 255,385 - 153,286
Library & Club Prior 21,965 - - - - 137,580 - - 228,210 -
Maintenance Center - 4,500 299,136 5,700 - 40,317 - 307,052 209,205 5,445
Maintenance Center Roof
Water Treatment Facility - - - - 138,997 40,317 - - 266,916 447,475
Transfer to GESP Debt Service Fund
Pike Lake Buildings - - - - - - - - - -
Old Maintenance Shop - - -
16220 Main Avenue - - - - - - - - - -
16244 Main Avenue - - - - - - - - - -
Other(1)
Total Use of Funds 89,963 68,979 771,008 5,700 190,895 922,404 - 1,775,614 716,667 606,207
Source of Funds:
Interest Earnings (1.5%)4,762 4,908 5,864 6,097 8,859 9,306 8,211 11,609 11,275 6,623
Transfer from General Fund - - - - - - - - - -
Transfer from Water Fund 84,000 86,520 89,116 91,789 94,543 97,379 100,300 103,309 106,409 109,601
Transfer from Sewer Fund 10,927 11,255 11,593 11,941 12,299 12,668 13,048 13,439 13,842 14,258
Annual Property Tax Levy - 30,000 80,000 80,000 105,000 130,000 105,000 275,000 275,000 275,000
Capital Facility Charge - - - - - - - - - -
Bond Proceeds - - 600,000 - - 600,000 - 1,350,000 - -
Other(1)- - - - - - - -
Bond Proceeds - Referendum - - - - - - - - - -
Total Source of Funds 99,690 132,683 786,572 189,827 220,701 849,353 226,559 1,753,358 406,526 405,482
Change in Fund Balance 9,727 63,705 15,564 184,126 29,806 (73,051) 226,559 (22,257) (310,141) (200,725)
Beginning Fund Balance 317,495 327,221 390,926 406,490 590,616 620,422 547,372 773,930 751,674 441,533
Ending Fund Balance 327,221 390,926 406,490 590,616 620,422 547,372 773,930 751,674 441,533 240,807