HomeMy WebLinkAbout08 16 2021 2022-2026 CIP - Council Meeting
2022-2026 CAPITAL
IMPROVEMENT PROGRAM PUBLIC HEARING
August 16, 2021
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Conduct a public hearing on the proposed projects within the 2022-2026 Capital Improvement Program, Street Reconstruction Plan and Facilities Capital Improvement Plan
Public hearing required by state statute when planning to issue bonds
Approval of the Street Reconstruction Plan requires a super majority (4 of 5 council members) for approval.
Approval of the Capital Improvement Plan for facilities requires a simple majority (3 of 5 council members) for approval.
Purpose
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The CIP is the Capital Improvement Program
The CIP is a multi-year planning document. It is a five-year plan that includes estimated project costs and funding sources.
What is the CIP?
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2022-2026 CIP Schedule
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Multi-Year Plans Included in CIP
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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Park Plan
The Park Master Plan final approval is still pending. The purpose of the plan is to look at proposed changes and updates to existing parks, as well as the City’s future needs and new
park locations.
Parks Master Plan will provide a guide for funding sources and uses.
The plan includes a phased increase in the tax levy to accommodate our capital maintenance and replacement needs.
Current plan includes completion of a new park every other year starting in 2023
New parks are developer-funded through park land donation and/or Park Dedication Fees
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Park Plan
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Park Plan
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Utility Plans - Water Fund
Capital Project Summary
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Utility Plans - Sewer Fund
Capital Project Summary
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Utility Plans - Storm Water Fund
Capital Project Summary
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Equipment Replacement Plan
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Facilities Management Plan
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Pavement Management Plan
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Pavement Management Plan
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If the franchise fee funding source dedicated to pavement management is approved, Staff anticipates that the 2024/2025 projects will include the Wilds/Jeffers Developments mill and overlay
and the Wilds Parkway reclamation.
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Transportation Plan - $31M
MSA/MSA Bonds - $7.8M
Bonding - $14.0M
Water Fund – $3.9M
Sewer Fund – $2.4M
Storm Water Fund – $700k
Street Oversize Fund - $1.2M
County - $1.1M
Street Overlay - $5M
Franchise fees - $3.5M
Assessment revenue - $700k
Bonding - $800k
Public Works - Streets
Five-Year Funding Sources
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Technology - $340,000
2023-2026:
Poll Pads/Tabulators
Projector
Video Camera Computer
Copiers/Printers
Network Switch
Council Chambers Equipment
Technology - 2022-2026 Total Projects
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Financial Impacts
Projected five-year annual change in Total CIP Tax Levies:
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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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Financial Impacts - Debt
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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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Council Questions
Public Hearing
Plan Adoption - August 16, 2021
Council Discussion
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