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HomeMy WebLinkAbout2020-2029 CIP - Council Workshop PPT - 2019.06.17-6Andy Brotzler Cathy Erickson Steve Fraser Lori Olson Rick Steinhaus 2020-2024 CAPITAL IMPROVEMENT PROGRAM June 17, 2019 Workshop Purpose The purpose of this meeting is to review the proposed 2020- 2024 Capital Improvement Program (CIP). 2020-2024 CIP Process May 20:Long-Range Planning Workshop June 17:Capital Plans Review I July 15:Capital Plans Review II August 5:Public Hearing and Adopt 2020-2024 CIP 2040 Vision and Strategic Plan High Value City Services •Financial sustainability for all funds •Design a comprehensive funding strategy for capital needs 2040 Vision and Strategic Plan Transportation & Mobility •Maintain quality local street system based on a financially stable plan that meets OCI targets •Promote neighborhood connectivity and safety •Integrate trails to link neighborhoods with city and regional assets. •Collaboration with state and county projects Today’s Topics Capital Plans Review I: ▪Equipment Replacement Plan ▪Park Plan ▪Facilities Management Plan ▪Technology Plan July 15 CIP Topics Capital Plans Review II: ▪Transportation Plan ▪Street Overlay Plan ▪Water Plan ▪Sewer Plan ▪Storm Water Plan ▪Financial Impacts Equipment Replacement Plan ▪Reviewed equipment condition for safety, functionality, and effectiveness of repairs/refurbishing ▪Updated base vehicle costs and inflationary factors ▪Staff shifted replacement years, where possible to smooth the levy impact. Equipment Replacement Plan The annualized cost of the equipment replacement is about $1M. The updated financing plan includes: ▪a phased increase in the tax levy of $25,000/year to plan for our replacement needs ▪bonding in 2021 of $1,075,000 for replacement of a Fire pumper and PW equipment/loader ▪Bonding in 2026 for a Light Rescue Pumper Truck Equipment Replacement Plan Significant plan changes: ▪Public Works-Cost increases on two trucks. The Water Utility Truck and two trailers have been pushed to 2021 ▪Police encrypted radios by 2021-$216,000 ▪New items added in future years include a dump truck in 2029, three Picks Up’s in 2022, 2025 & 2028, and two lawn mowers in 2022 and 2024. Equipment Replacement Plan Park Plan –New ▪Master Park Plan to be completed by the end of 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 new park location. ▪Staff reviews opportunities for developers to install new neighborhood parks and credits the cost against their park dedication fees rather than having City staff construct the parks. Park Plan –New ▪Current plan estimates completion of a new park every two years. ▪Updated Master Parks Plan to provide a guide for funding sources and uses including a potential Parks bonding referendum Park Plan –Replacement ▪Updated Master Park Plan will include a sustainability study that includes existing, as well as new parks and a trail gaps analysis ▪The plan includes a phased increase in the tax levy of $25,000/year to plan for our trail replacement needs ▪The plan includes a one time increase of $125,000 in 2024 for capital replacement projects Park Plan Facilities Management Plan ▪Plans for major maintenance and replacements ▪A phased increase in the tax levy to plan for our facility project/replacement needs ▪Issue Bonds –2024 and 2026 Facilities Management Plan Technology Plan Technology Plan What’s Next? May 20:Long-Range Planning Workshop June 17:Capital Plans Review I July 15:Capital Plans Review II August 5:Public Hearing and Adopt 2020-2024 CIP Questions/Discussion