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HomeMy WebLinkAbout6A PowerPoint CIP 2020-2024 Capital Improvement Progam PPTAugust 5, 2019 1 Conduct a presentation of the 2020-2024 Capital Improvement Program (CIP) Proposed projects Financial Plan Purpose 2 The CIP is a multi-year planning document. It identifies projects for the next five years. Some projects are more developed than others. Some projects are dependent on partners including the County, MNDOT, SMSC, etc. What is CIP? 3 Transportation Plan Street Overlay Plan Equipment Replacement Plan Park Plan Facilities Management Plan Technology Plan Water Plan Sewer Plan Storm Water/Water Quality Plan Multi-Year Plans Included in CIP 4 Master Park Plan to be completed by the end of 2019. Review of current parks as well as the City’s future needs and new park location. 2020-2024 Total Projects Public Works/Parks -$2.5 million 5 Current Parks : ▪Capital project and park amenity replacements. ▪Trail and sidewalk replacements ▪The plan includes a phased increase in the tax levy from $100,000 in 2019 to $300,000 in 2024 to fund annual trail replacement. 2020-2024 Total Projects Public Works/Parks –(cont.) 6 New Parks : ▪Evaluate needs with new development for consistency with Master Park Plan 2020-2024 Total Projects Public Works/Parks –(cont.) 7 Transportation Plan -$26.4M ▪MSA -$2M ▪Bonding $14.6M ▪Water Fund –$4.5M ▪Sewer Fund –$3.2M ▪Storm Water Fund –$1.9M ▪Trunk Fund (Sewer) -$60k ▪County -$162k Street Overlay -$5.8M ▪Bonding -$2.5M 2020-2024 Total Projects Public Works/Streets -$32.2 million 8 Water -$7.4 million ▪Watermain replacements associated with street projects ($4,500,000) ▪Well Equipment Replacement ($212,000) ▪Water Equipment Replacement Plan ($598,000) ▪Water Storage Tower reconditioning ($2,100,000) Sanitary Sewer -$4.8 million ▪Sewer replacements associated with street projects ($3.200,000) ▪Inflow/Infiltration Prevention & Concrete Sewer Lining Replacement ($1,300,000) ▪Sewer System Equipment Replacement ($285,000) 2020-2024 Total Projects Public Works/Utility Funds 9 Storm Water/Water Quality -$2.3million ▪Storm Sewer Replacements associated with street projects ($1,900,000) ▪Stormwater Pond Maintenance ($200,000) ▪Stormwater Infrastructure Repairs and Improvements ($240,000) 10 2020-2024 Total Projects Public Works/Utility Funds (cont.) Transportation Plan Map 11 ‣Three to four miles of overlay planned per year ‣Fourteen streets identified for 2020 Street Overlay Plan 12 Vehicles and Equipment -$5.6 million 2020: ▪Encrypted Radios (Police) ▪9 Ton Dump Truck Tandem Axle (Parks) ▪1.5 Ton Dump Truck (Streets) ▪1 Ton Dump Truck for Locates (Streets) 2021-2024: ▪Pumper Truck (Fire) ▪Loader (Public Works) ▪Tractor (Parks) ▪Truck –Boom (Parks) ▪Tractor (Parks) ▪Sidewalk Machine (Parks) ▪Lite Rescue (Fire) ▪Heavy Rescue Refurbish (Fire)13 2020-204 Total Projects (Cont.) Facilities -$1.7 million 2020: ▪Library/Club Prior Carpet 2021-2024: ▪Fires Station #1 Epoxy Flooring ▪City Hall & Police Station Carpet, Wall Covering & HVAC ▪Water Treatment Facility Ventilators, Carpet & HVAC ▪City Hall & Police Station Roofing ▪Library & Club Prior Parking Lot ▪Fire Station #1 Turnout Lockers, Windows & Doors ▪Maintenance Center Crane & Auto Gate 14 2020-2024 Total Projects (Cont.) Technology -$323,000 2020: ▪Website redesign ▪Server and Storage Area Network Replacement 2021-2024: ▪Police interview room update/replace video cameras/server/video storage. ▪Utility Billing System replacement ▪Computer Replacement ▪Copiers/Printers 2020-2024 Total Projects (Cont.) 15 •Utility rate study is underway. o Review all rates o Establish a base rate to cover fixed costs o Evaluate our tiered rate structure o Goal to encourage water conservation •Planned utility billing system upgrade - 2020 Utility Plans –Changes 16 Water rates impacts:‣Utility replacements associated with street projects in the transportation plan ($4.5M) ‣AMRS contract costs -portion paid with cash vs bonding Utility Plans –Financial Impact 17 Sewer rate impacts:‣Utility replacements associated with street projects in the transportation plan ($3.2M) ‣AMRS contract costs -portion paid with cash vs bonding ‣Fee charged by the Metropolitan Council to treat the City’s sewer. ▪The proposed cost increase is 7.34% ▪It is based on a rate increase and anticipated sewer flow increase. Utility Plans –Financial Impact 18 Projected Change in Utility Fees: Impact of CIP –Average User Utility Bill 20 Based on 8,000 gallons / cycle Projected five-year annual change in Total CIP Tax Levies: Annual projected total CIP tax levy by component Financial Impacts -Debt 23 Financial Impacts -Debt 24 Property Tax Projection Summary 25 Property Tax Projection Summary 26 2019 2020 Budget Planning Year 2021 2022 2023 2024 CURRENT YEAR TAX LEVIES ANNUAL % CHANGE General Fund 4.7%7.60%7.15%4.56%5.74%5.47% Debt Service Fund 3.8%1.83%6.71%4.26%1.67%9.71% Equip Revolv Fund 9.1%4.17%4.00%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%107.50%-43.78%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%8.25%5.82%4.92%4.70%6.60% TAX CAPACITY TAX RATE 33.020%32.828%33.323%33.703%34.348%35.748% Annual % Change -0.58%1.51%1.14%1.91%4.08% MARKET VALUE TAX RATE 0.006768%0.006471%0.006454%0.006234%0.006308%0.006474% Annual % Change -2.24%-4.38%-0.26%-3.41%1.19%2.62% ▪Changes from June & July workshops are incorporated into the updated CIP. ▪Council Questions ▪Plan Adoption -August 5, 2019 Council Discussion 27