HomeMy WebLinkAbout06 21 2021 2022-2026 CIP - Council WorkshopAndy Brotzler
Cathy Erickson
Steve Fraser
Lori Olson
Rick Steinhaus
2022-2026 CAPITAL
IMPROVEMENT PROGRAM
June 21, 2021
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2022-2026 CIP Schedule
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2022-2026 CIP Schedule
Equipment Replacement Plan
Park Plan
Facilities Management Plan
Technology Plan
Pavement Management Plan
Water Financial Plan
Sanitary Sewer Financial Plan
Water Quality Financial Plan
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Equipment Replacement Plan
Reviewed equipment for condition, safety, functionality, and effectiveness of repairs and refurbishing
Updated vehicle costs and inflationary factors
Shifted replacement years whenever possible to smooth the levy impact
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Equipment Replacement Plan
The annualized cost of the equipment replacement is about $1.1M. The updated financing plan includes:
An incremental tax levy increase to accommodate our replacement needs
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Equipment Replacement Plan
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Equipment Replacement Plan
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Park Plan – New Parks
The Park Master Plan final approval is still pending. 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
locations.
Parks Master Plan will provide a guide for funding sources and uses, including a potential bonding referendum
The plan includes a phased increase in the tax levy to accommodate our capital maintenance and replacement needs
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Capital Park Fund
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Revolving Park Fund
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Facilities Management Plan
Plans for major maintenance and replacements
The plan includes a phased increase in the tax levy to accommodate our facility maintenance and replacement needs
Issue Bonds in 2024 and 2026
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Facilities Management Plan
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Technology Plan
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Transportation Plan Map
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Transportation Plan
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Street Overlay Plan
Reflects update of gas & electric franchise fee
Incremental increase in annual overlay to $1.5M by 2026
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Water Fund
Financial Management Plan
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Water Fund
Capital Project Summary
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Sewer Fund
Financial Management Plan
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Sewer Fund
Capital Project Summary
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Stormwater Fund
Financial Management Plan
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Storm Water Fund
Capital Project Summary
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Combined Impact – All Funds
Sample Bill
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Financial Impacts
Annual projected total CIP tax levy by component
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Debt Projection
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Debt Projection
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Debt Projection
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The tax levy and debt service impacts of the CIP have been incorporated into the long-range financial plan.
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Next steps:
Budget Workshop – August 2, 2021
CIP Public Hearing – August 16, 2021
Franchise Fees Ordinance Public Hearing – September 7, 2021
September 20 – Adopt Preliminary Budgets and Preliminary Tax Levy
Council Discussion
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Questions/Discussion
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Replacement Plan – Police
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Replacement Plan - Fire
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