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HomeMy WebLinkAbout1A2 2020-2029 CIP - Council Workshop - 2019.07.15 PPTAndy Brotzler Cathy Erickson 2020-2024 CAPITAL IMPROVEMENT PROGRAM July 15, 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 June Workshop Topics Capital Plans Review I: ▪Equipment Replacement Plan ▪Park Plan ▪Facilities Management Plan ▪Technology Plan Today’s Topics Capital Plans Review II: ▪Transportation Plan ▪Street Overlay Plan ▪Water Plan ▪Sewer Plan ▪Storm Water Plan ▪Financial Impacts Street Facts Preventative Maintenance 77 Miles Rehab./Recon. 7 Miles Resurface 10 Miles Rehab./Recon. 23 Miles Resurface 15 Miles 2.5%1.4% 26.1% 15.8% 27.1% 20.3% 6.8% Distribution of Road Ages Unimproved 0-1970 1970-1980 1980-1990 1990-2000 2000-2010 2010-2020 Distribution of Road Conditions Preventative Maintenance 77 Miles Rehab./Recon. 7 Miles Resurface 10 Miles Network OCI: 64 Total: 109 Miles Does not include gravel roads 0 to 45 21%45 to 65 14% 65 to 100 65% Preventative Maintenance 71 Miles Rehab./Recon. 23 Miles Resurface 15 Miles Street Funding Preventative Maintenance 77 Miles Rehab./Recon. 7 Miles Resurface 10 Miles Transportation Plan Transportation Plan Changes 10 Shifting of projects between years ▪To coincide with Scott County Transportation Plan ▪To moderate the impact on the tax levy and utility user rates ▪To prioritize streets based on current conditions Street Overlay Plan 11 ▪The plan reflects three-four miles of street mill and overlay per year. ▪Increase in the Street Overlay/Resurface assessment, based on increase in the CCI is recommended ▪Funding sources are special assessments and tax levy. Tax levy is reviewed annually & may be reduced based on special assessment prepayments. ▪The 2020 project streets are detailed in the agenda report. Utility Plans 12 •Greater street reconstruction with utilities in 2019 than planned. (CR21/TH13 project: Water -$392,000 / Sewer-$588,000) •Utility reconstruction on private streets: Inguadona area in 2021 ($311,000) Council direction to explore a Special Utility Billing district as a financing source for private street replacement (annual revenue: $200,000) Utility Plans 13 •Utility rate study is underway. o Establish a base rate to cover fixed costs o Evaluate our tiered rate structure •AMRS contract costs fund balance impact •Planned utility billing system upgrade -2020 Water Plan 14 •Watermain replacements associated with five-year transportation plan street projects ($6,200,000) •Water Equipment Replacement Plan ($115,000 annually) Sanitary Sewer Plan 15 Sanitary sewer replacements associated with five-year transportation plan street projects ($3.700,000) Ten-Year Concrete Sewer Lining ($1,900,000) Sewer Equipment Replacement Plan ($62,000 annually) Inflow/Infiltration Prevention ($177,000 annually) Sanitary Sewer Plan 16 •Summer Sewer Lock/Cost Break –average of February and April Billing Cycle Consumption •MCES portion of sewer rate-proposed cost increase of 7.34% Month Billing Cycle Feb Nov 21 - Jan 20 Apr Jan 21 - March 20 June March 21 - May 20 Aug May 21 - July 20 Oct July 21 - Sept 20 Dec Sept 20 - Nov 20 Sanitary Sewer Plan 17 •Current plan –Fund balance drops below desired/recommended level •Council considerations: o Increase the city portion and MCES sewer rates o Issue debt to fund a portion of the 2020/2021 $2.2M capital needs. o Postpone future year project(s) o Consider a combination of the above. Stormwater/Water Quality Plan 18 •Storm Water Quality Improvements associated with five-year transportation plan street projects ($2,500,000) •Pond Maintenance and Retrofits ($200,000) •Experiencing an increase in stormwater management costs due to increased regulations and requirements. Financial Impacts 19 Projected Change in Utility Fees: Impact of CIP –Average User Utility Bill 20 Based on 8,000 gallons / cycle Financial Impacts Projected five-year annual change in Debt Levy Only: 2020 2021 2022 2023 2024 Debt: Existing CIP 56,457 20,251 (23,733) (214,511) (96,115) New CIP - 284,349 423,539 527,288 232,233 Market Referendum 7,639 11,431 1,150 10,770 15,125 Change in Debt Levy 64,096 316,030 400,956 323,547 151,243 2020-2024 CIP Projected Change in Debt Levy Financial Impacts Projected five-year annual change in Total CIP Tax Levies before one-time 2020 equipment and trail levy adds: Tax Levies:2020 2021 2022 2023 2024 Equipment Revolving Fund 25,000 25,000 25,000 25,000 25,000 Revolving Park Equip Fund 29,708 56,000 43,000 31,000 50,000 Facilities Management Fund 30,000 50,000 25,000 35,000 25,000 PIR Fund 35,000 35,000 35,000 - - Debt Service 64,096 316,030 400,956 323,547 151,243 Total CIP Tax Levies 183,804 482,030 528,956 414,547 251,243 2020-2024 CIP Projected Change in CIP Tax Levy Financial Impacts Projected five-year annual change in Total CIP Tax Levies: This includes the following 2020 levy adds: $114k Police radio equipment replacement $90k Parks trail replacement: Tax Levies:2020 2021 2022 2023 2024 Equipment Revolving Fund 139,000 (89,000) 25,000 25,000 25,000 Revolving Park Equip Fund 119,708 (34,000) 43,000 31,000 50,000 Facilities Management Fund 30,000 50,000 25,000 35,000 25,000 PIR Fund 35,000 35,000 35,000 - - Debt Service 64,096 316,030 400,956 323,547 151,243 Total CIP Tax Levies 387,804 278,030 528,956 414,547 251,243 Projected Change in CIP Tax Levy2020-2024 CIP Financial Impacts Annual projected total CIP tax levy by component 2020 2021 2022 2023 2024 Equipment Revolving Fund 739,000 650,000 675,000 700,000 725,000 Revolving Park Equip Fund 409,000 375,000 418,000 449,000 499,000 Facilities Management Fund 30,000 80,000 105,000 140,000 165,000 PIR Fund 130,000 165,000 200,000 200,000 200,000 Debt Service 3,561,284 3,877,314 4,368,672 4,683,507 4,832,440 Total CIP Tax Levies 4,869,284 5,147,314 5,766,672 6,172,507 6,421,440 2020-2024 CIP Tax Levies: Projected CIP Tax Levy This includes the following items: $114k added to 2020 equipment replacement tax levy $90k added to the Parks tax levy for trail replacement Debt Projection 25 Debt Projection 26 Debt Projection 27 28 The tax levy and debt service impacts of the CIP have been incorporated into the long-range financial plan. This will be discussed further as part of Workshop Topic B CITY OF PRIOR LAKE PROPERTY TAX PROJECTION SUMMARY 2019 2020 2021 2022 2023 2024 2019 Budget Planning Year Proj Year 1 Proj Year 2 Proj Year 3 Proj Year 4 PRIOR YEAR TAX LEVIES General Fund 7,779,182 8,146,555 8,886,997 9,603,565 10,044,808 10,622,102 Debt Service Fund 3,370,171 3,497,188 3,561,284 3,877,314 4,278,270 4,601,817 Equip Revolv Fund 550,000 600,000 739,000 650,000 675,000 700,000 Revolv Park Equip Fund 238,184 289,292 409,000 375,000 418,000 449,000 EDA Fund 140,000 150,000 150,000 175,000 176,800 178,600 PIR Fund - 95,000 130,000 165,000 200,000 200,000 Facilities Mgmt Fund - - 30,000 80,000 105,000 140,000 Grand Total 12,077,537 12,778,035 13,906,281 14,925,878 15,897,878 16,891,519 SUMMARY OF CHANGE IN TAX LEVIES GENERAL FUND 367,373 740,442 716,567 441,243 577,294 467,013 DEBT SERVICE FUNDS Existing Debt 120,151 56,457 20,251 (23,733) (214,511) (96,115) Proposed Debt - - 284,349 423,539 527,288 232,233 MV Debt 6,866 7,639 11,431 1,150 10,770 15,125 DEBT SERVICE FUNDS 127,017 64,096 316,030 400,956 323,547 151,243 OTHER FUNDS Equip Revolv Fund 50,000 139,000 (89,000) 25,000 25,000 25,000 Revolv Park Equip Fund 51,108 119,708 (34,000) 43,000 31,000 50,000 EDA Fund 10,000 - 25,000 1,800 1,800 1,800 PIR Fund 95,000 35,000 35,000 35,000 - - Facilities Mgmt Fund - 30,000 50,000 25,000 35,000 25,000 OTHER FUNDS 206,108 323,708 (13,000) 129,800 92,800 101,800 TOTAL CHANGE IN TAX LEVIES 700,498 1,128,246 1,019,597 971,999 993,641 720,056 CURRENT YEAR TAX LEVIES General Fund 8,146,555 8,886,997 9,603,565 10,044,808 10,622,102 11,089,115 Debt Service Fund 3,497,188 3,561,284 3,877,314 4,278,270 4,601,817 4,753,060 Equip Revolv Fund 600,000 739,000 650,000 675,000 700,000 725,000 Revolv Park Equip Fund 289,292 409,000 375,000 418,000 449,000 499,000 EDA Fund 150,000 150,000 175,000 176,800 178,600 180,400 PIR Fund 95,000 130,000 165,000 200,000 200,000 200,000 Facilities Mgmt Fund - 30,000 80,000 105,000 140,000 165,000 Grand Total 12,778,035 13,906,281 14,925,878 15,897,878 16,891,519 17,611,575 CURRENT YEAR TAX LEVIES ANNUAL % CHANGE General Fund 4.7%9.09%8.06%4.59%5.75%4.40% Debt Service Fund 3.8%1.83%8.87%10.34%7.56%3.29% Equip Revolv Fund 9.1%23.17%-12.04%3.85%3.70%3.57% Revolv Park Equip Fund 21.5%41.38%-8.31%11.47%7.42%11.14% EDA Fund 7.1%0.00%16.67%1.03%1.02%1.01% PIR Fund 36.84%26.92%21.21%0.00%0.00% Facilities Mgmt Fund 166.67%31.25%33.33%17.86% Grand Total 5.80%8.83%7.33%6.51%6.25%4.26% Council Considerations: •Transportation Plan projects •Proposed utility rate changes •Financial Impacts Council Discussion 29 Next steps: •Update plans based on council direction and new information •CIP Public Hearing –August 5, 2019 •Budget Workshop-September 3, 2019 Council Discussion 30 Questions/Discussion