HomeMy WebLinkAbout07(B) - Public Hearing to Consider the 2025-2029 Capital Improvement Program and Facilities CIP
City of Prior Lake | 4646 Dakota Street SE | Prior Lake MN 55372
CITY COUNCIL AGENDA REPORT
ITEM: 7B
MEETING DATE: August 14, 2024
PREPARED BY: Jason Etter, Senior Accountant
Christine Watson, Public Works Supervisor – Administration
Andy Brotzler, Public Works Director/City Engineer
Cathy Erickson, Finance Director
PRESENTED BY: Andy Brotzler and Cathy Erickson
AGENDA ITEM: 2025-2029 Capital Improvement Program Draft
RECOMMENDED ACTION 1:
The purpose of this agenda item is for the City Council to conduct a public hearing on the
proposed projects within the 2025-2029 Capital Improvement Plan for facilities. The Capital
Improvement Plan for facilities proposes to utilize bonds issued under State Statutes 475.521,
and a public hearing for purposes of reviewing the plans are required. Approval of the Capital
Improvement Plan for facilities requires a simple majority (3 of 5 council members).
RECOMMENDED ACTION 2:
In addition, the Council will be asked to approve the overall five-year (2025-2029) Capital
Improvement Program (CIP) which includes the following long-term planning documents as part
of the CIP:
The following long-term planning documents are part of the CIP: Pavement Management Plan,
Equipment Replacement Plan, Park Equipment Replacement Plan, Technology Plan, Facilities
Management Plan and plans for each of the three enterprise funds including Water, Sewer, and
Storm Water.
BACKGROUND:
The Capital Improvement Program is one of the city’s long-term financial planning tools. The
CIP is updated on an annual basis. The CIP is designed to identify infrastructure improvements
and the associated funding sources needed due to ongoing maintenance, repair, and
community growth. Such projects include city-initiated improvements, county, and state road
improvements.
The plans in the CIP were reviewed with the City Council over the course of four work sessions
held in 2024. At those meetings, Staff provided a detailed overview of the 2025 projects and
highlights of other major projects scheduled for 2025-2029. During the work sessions the
following direction was provided to staff regarding planned projects, tax levy impact, debt
issuance and utility rates.
During the four CIP council work sessions held this year and the City Council provided direction
on the following topics as summarized below:
Item 7B
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• 10-year pavement management funding for water/sewer utility replacement
• Park and Trails Master Plan
• Updated Franchise Fees for Pavement Management project funding
10-year pavement management plan- utility replacement funding: Continue to plan for the 10-
year projects identified in the pavement management plan to ensure that roads are maintained
at the appropriate point in their life cycle. The average annual pavement management funding
level needed beginning in 2025 is $8M. This includes the Water/Sewer/Stormwater funding
needs. Funding for utility funds is achieved through rates charged and/or debt issuance.
Council directed staff to adjust rates in the Sewer and Stormwater funds to eliminate the need
for $4.6M of Sewer Fund debt and $4.8M of Stormwater Fund debt over the 10-year planning
period. To achieve this, the following rate increases will be necessary for 2025 (medium water
user):
Parks and Trails Master Plan:
Continue to plan for the 10-year projects identified in the Parks and Trails Master Plan, including
the major community park improvements for Spring Lake Park and Lakefront Park outlined in the
plan. As part of the city’s financial planning, funding for these park projects is proposed to include
a combination of annual tax levy and debt issuance.
The city is considering future issuance of debt for park and recreation improvements of $60 million
of bonds from years 2026 to 2030 for park and trail improvements, to be financed by a separate
debt levy. The city is in the preliminary planning stage of reviewing whether it will move forward
to seek tax base approval through a voter referendum in November 2025. Therefore, the tax levy
and tax rate implications of potential park improvement bonds are reflected in the city’s CIP and
financial plan for City Council consideration. The bond proceeds from the proposed debt issuance
would provide funding for a variety of improvements potentially including park improvements at
Spring Lake Park, Lakefront Park and neighborhood parks and trails.
Updated Franchise Fees for Pavement Management
Funding for pavement management includes annual gas and electric franchise fee revenue of
about $1M/year. The franchise fees were updated in 2022. Staff proposed to adjust the franchise
fees in 2025 to reflect inflationary increases. The council supported the staff recommendation.
The Commercial Construction Index (CCI) has increased 12% over the past four years, so we are
proposing a 12% increase in the gas and electric franchise fee rates. This would generate about
$190,000 incremental annual revenue for pavement management as noted in the table below.
Fund
2025 Proposed
Rate Increase
Annual
Impact
Monthly
Impact
Water 3.0%17$ 1$
Sewer 10.1%56 5
Stormwater 30.0%38 3
Combined Total 9.0%112$ 9$
Item 7B
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A public hearing for the franchise fee update in the city code will be held on September 10.
Current and proposed monthly gas and electric rates are noted in the table below.
EQUIPMENT REPLACEMENT PLAN (ERP)
An evaluation of the condition of the city’s fleet is completed annually and the ERP is updated. A
Vehicle Replacement Rating (VRR) is used as a tool in completing equipment evaluations in an
objective and systematic way using data collected through the fleet management system. The
ERP also includes an inventory and replacement schedule for equipment attachments and
emergency sirens to ensure appropriate funding is identified for these items as well. The cost for
these items is updated annually based on recent purchases and other industry changes. See
Attachments 1 and 2 for more details.
Funding Sources:
Based on the planned use of funds for equipment replacement, the annual tax levy needs to
increase to meet our needs. The council has directed staff to smooth the levy increase where
possible, so an average annual increase of approx. $70,000 has been built into the plan.
Our goal is to maintain the levy at a level that provides adequate cash flow to cover the next year’s
expenditures, to absorb an unplanned equipment failure, or to fund an unanticipated equipment
need. Our average annual equipment funding need is $1.6 million per year over the next 10 years.
The proposed tax levy funding level for 2025 is $875,000. We will continue to incrementally
increase the property tax levy to get to our annual funding goal. 2025 also includes one-time
transfers in from the utility funds of $342,100 for proposed equipment used by the utility funds in
addition to streets/parks. Debt issuance is proposed in this fund in 2025 and 2028, primarily for
the replacement of a Fire ladder truck and Public Works truck replacements.
See Attachments 1 and 2 for more details.
Item 7B
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PARK PLAN
New Park capital improvements are budgeted in the Capital Park Fund (Fund 225). Existing Park
capital improvements are budgeted in the Revolving Park Equipment Fund (Fund 430).
The Council adopted the Parks and Trails System Plan on March 12, 2024, and amended the
city’s 2040 comprehensive plan on June 11, 2024, to reflect the recently adopted Parks and Trails
System plan. This plan includes current parks and proposed changes/updates as well as the city’s
future needs and location of new parks.
Based on the Parks and Trails System Plan, staff has developed a proposed 10-year plan for
improvements in existing neighborhood parks which includes both maintenance activities and
proposed replacement/redevelopment. As part of the city’s financial planning, funding for these
park projects is proposed to include a combination of annual tax levy and debt issuance. The
proposed debt issuance includes bond proceeds of $60 million of bonds from the years 2026 to
2030 for park and trail improvements. This would provide funding for a variety of park
improvements which could include Spring Lake Park, Lakefront Park and neighborhood parks
and trails.
Fund 225 – New Park improvements
In accordance with State Statutes, revenues in the Capital Park Fund may only be used for the
acquisition and development or improvement of new parks, recreational facilities, playgrounds,
trails, wetlands, or open space based on the approved park systems plan.
Fund 430 – Existing Park replacements/improvements
This plan funds capital replacement projects, park amenities, and trail, sidewalk, and boardwalk
replacement. The plan proposes a phased increase in the tax levy to cover the capital projects in
the plan.
See Attachments 3 through 5 for park plan details.
FACILITY MANAGEMENT PLAN (FMP)
The FMP was developed to plan for major repairs, replacements, and upgrades for all our
facilities. The FMP uses standard life expectancy of the facility components and equipment to
determine the appropriate placement in the plan. The significant facility project costs for City Hall
and the Police Station are included in the FMP including replacement of VAV boxes, chillers, air
handlers, and carpet. Both buildings were built in 2006. Bonding for these major projects is slated
for 2028. An evaluation is underway to determine the remaining useful life of some of the major
facility components such as HVAC systems, roofing, etc.
See Attachments 6 and 7 for facilities plan details.
PAVEMENT MANAGEMENT PLAN – TRANSPORATION AND STREET OVERLAY PROJECTS
The Pavement Management Plan has been updated to identify a combination of mill and overlay,
rehabilitation and reconstruction projects based on an average annual cost of $8M for streets beginning
in 2025.
The projected projects for 2025 – 2029 are noted below.
2025 – Wilds Parkway reclamation
Item 7B
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Based on the existing condition of Wilds Parkway, a mill and overlay project is not a feasible pavement
management strategy. A full-depth removal and replacement of the road and pavement section is
proposed as a rehabilitation project. Also included with this project is the replacement of the existing trail
along the west side of Wilds Parkway from CH 82 to CH 83.
2025 – Lords Street Bridge Rehabilitation
Based on a recent bridge inspection completed by Scott County and additional follow up this past winter,
rehabilitation and replacement of the timber pier caps, pile cap plates, and painting of the pilings is
recommended to extend the life of the bridge.
2025 – Martindale/Henning/Hickory Reclamation
The existing pavement within this rural residential neighborhood continues to deteriorate and nearing the
point where maintenance is becoming unfeasible. A full-depth pavement rehabilitation is proposed for
this area to extend the life of the pavement section.
2026 – Northwood Phase 1
This is proposed to be a full reconstruction with water, sewer, and stormwater improvements. The project
area includes Northwood Rd NW from Spring Lake Rd SW to Fremont Ave NW.
2027 – Northwood Phase 2
This is proposed to be a full reconstruction with water, sewer, and stormwater improvements. The project
area includes Fremont Rd NW as well as numerous side streets adjacent to Fremont Rd NW and
Northwood Rd NW.
2028 – Green Heights
This is proposed to be a full reconstruction with water, sewer, and stormwater improvements. The project
area includes Green Heights Trl SW, Pershing St SW, and other adjacent cross streets.
2029 – Sunset Hills
This is proposed to be a full reconstruction with water, sewer, and stormwater improvements. The project
area includes Sunset Trl SW and Sunray Cir SW.
See Attachments 8 and 9 for further details of the Pavement Management Program.
TECHNOLOGY PLAN
The Technology Plan is used to plan for current and long-range IT capital needs including general
equipment, network infrastructure and software needs. While this plan is reflective of the needs of our
various departments, the actual request could change as part of the budget review process. See
Attachment 10.
UTILITY FUNDS – FINANCIAL MANAGEMENT PLANS
The city’s utility funds finance their portions of the Capital Improvement Program through
transfers-out to other funds and by transactions occurring within the specific utility funds
themselves. The utility funds make transfers-out to the Construction Fund for their portions of the
Pavement Management Plan (PMP) projects. Other items that specifically relate only to that utility
are accounted for within the fund, such as a water tower rehabilitation occurring in the Water fund.
Staff develop a financial management plan for each utility fund that includes planning financing
sources for capital activities.
Item 7B
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The financial management plans for water, sewer and stormwater utility services achieve the
following goals:
• Rate Calculation: Provide a rate calculation that results in equitable and competitive fixed
versus variable portion charge to customers and considers conservation impact of tiers
and block rates.
• Revenue Sufficiency: Focus on revenue sufficiency to provide cash balances that support
the following objectives:
o Revenue to meet current and future obligations.
o Avoid future debt issuance consistent with city objectives.
o Cash on-hand to provide:
• Three-months of operating expense
• Following-year debt service payments
• Following year capital acquisition (planned to be paid from cash)
• Reserves for replacement of infrastructure located under private streets.
• Reserves for future capital improvements
2025 Resident Impact and Sample Bill:
The city plans for annual increases in utility rates to accomplish the objectives discussed above
while moderating the effects on utility users. Based upon the city’s current estimates and water
consumption level and utility replacement component of street projects, utility customers will
experience increases of 6.6% - 10.9% in their 2025 utility bill based on their level of water use.
For the utility funds to support operations and their respective portions of the Capital Improvement
Program, the City Council provided direction to adjust rates to eliminate the need for $4.6M of
Sewer Fund debt and $4.8M of Stormwater Fund debt over the 10-year planning period.
To achieve this, the following rate increases will be necessary for 2025 (medium water user):
Sewer fee details: The increase in sewer fee is due to $5M in planned project spend over the next
3 years as well as the council direction to issue no sewer debt in 2024 and instead increase rates.
The proposed sewer increase for a residential property (median user) at 10.1% would be $56.46
per year or approximately $4.70 per month. This rate increase eliminates $4.6M in proposed debt
in 2024.
Stormwater fee details: Increase in stormwater fee is due to the Council direction in 2021 to add
storm sewer replacement costs on reconstruction projects to the stormwater utility fund
(previously were part of the general levy and assessment cost), as well as adding in funding for
the regional water quality pond project and Prior Lake Outlet Channel lining project. This also
reflects the council’s direction to take on less debt to support the planned projects, so the rates
have been adjusted accordingly. The proposed stormwater increase of 30% for a residential
property equates to $38.36 per year or approximately $3 per month. This rate increase eliminates
$4.8M in proposed debt over a 10-year period.
Fund
2025 Proposed
Rate Increase
Annual
Impact
Monthly
Impact
Water 3.0%17$ 1$
Sewer 10.1%56 5
Stormwater 30.0%38 3
Combined Total 9.0%112$ 9$
Item 7B
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MCES fee details: It should be noted that city utility bills also include an MCES Fee for sewer.
This fee does not support city operations or the Capital Improvement Plan, but rather is a fee
collected by the city from residents to pay the Metropolitan Council’s Environmental Services fee
for regional wastewater treatment. The fee will increase 2.5% for 2025, reflecting the increased
fee that the Metropolitan Council is charging Prior Lake. This fee increase, as well as the utility
rate increases needed to support operations and the Capital Improvement Plan is reflected below.
The projected annual increase for all utility services is shown below:
FINANCIAL IMPACT:
In reviewing the 2025-2029 Capital Improvement Program, the City Council should consider the
level of debt as well as the annual tax impact of the scheduled projects.
As of 12/31/2023, the City of Prior Lake had $28,201,532 in debt. The following chart reflects the
type of debt that comprised the $28.2M:
Total per Year 2024 2025 2026 2027 2028 2029
High User 5,872$ 6,258$ 6,587$ 6,781$ 6,977$ 7,182$
Medium User 1,244$ 1,355$ 1,429$ 1,472$ 1,512$ 1,554$
Low User 800$ 887$ 937$ 964$ 987$ 1,012$
Annual Increase
High User 385$ 329$ 194$ 197$ 204$
Medium User 112$ 74$ 43$ 40$ 42$
Low User 87$ 49$ 27$ 24$ 25$
Annual Percentage Increase
High User 6.6% 5.3% 2.9% 2.9% 2.9%
Medium User 9.0% 5.4% 3.0% 2.7% 2.8%
Low User 10.9% 5.6% 2.9% 2.5% 2.5%
Average 8.8% 5.4% 2.9% 2.7% 2.7%
Item 7B
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The 2025-2029 CIP includes projects that are planned to be funded by bond proceeds/debt.
Bonds are issued for the project costs that the City is funding through tax levies as well as the
costs that are specially assessed to property owners.
The 2025-2029 CIP anticipates the following bonding (debt issuance) needs:
• The city is considering future issuance of debt for park and recreation improvements of
$60 million of bonds from years 2026 to 2030 for park and trail improvements, to be
financed by a separate debt levy. The city is in the preliminary planning stage of reviewing
whether it will move forward to seek tax base approval through a voter referendum in
November 2025. Therefore, the tax levy and tax rate implications of potential park
improvement bonds are reflected in the city’s CIP and financial plan for City Council
consideration.
The 2025-2029 Park Plan includes bonding of $40,000,000 for Park Improvements,
primarily for community parks. The plan reflects bonding for major community park
improvements planned for Spring Lake and Lakefront Parks. The community discussion
of the proposed projects will continue in 2024 and funding options will be evaluated in
early 2025. Estimated funding needs in the five-year plan have been identified as $5M in
2026, $15M in 2027 and $20M in 2028. The five-year financial impact of the potential park
improvement bonding is shown in red on the debt analysis below.
• The Equipment Replacement Plan includes $3,605,000 of bonding for major equipment
replacement expenditures primarily for replacement of a fire ladder truck and Public Works
streets equipment. The city’s financial model reflects a 2025 levy in advance of
approximately $150,000 to reduce this bonding need in 2026. The levy in advance will be
evaluated as part of the annual budget cycle.
• Bonding of $3,180,000 for major park replacement expenditures includes Ponds Park
Phase II in 2025, and replacement for the four Ponds Parking Lots and entrance road in
2028.
Debt Type Amount as of
December 31, 2023 Purpose
G.O. Special Assessments 9,120,000 Street Improvement Projects
G.O. TIF Bonds 30,000 Tax Increment Project
G.O. Bonds (MV)1,985,000 Referendum Project (Fire Station #2)
G.O. Bonds 4,090,000 Street Reconstruction Projects
G.O. Bonds 2,130,000 Public Works Building and CIP
Projects
G.O. Bonds 815,000 Equipment
G.O. Revenue Bonds 5,945,000
Maintenance Facility, Water
Treatment Facility & Utility
Replacement Projects
G.O. Capital Improvement
Bonds 3,645,000 City Hall & Police Station
Energy Lease Loan Payable
(GESP)441,532 Guaranteed Energy Savings Program
Projects
Total 28,201,532
Item 7B
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• The Facilities Plan includes $2,575,000 of bonding for major facility repairs for City Hall
and Police Station replacement of membrane roofing and heating, ventilation, and air
conditioning (HVAC) updates, and parking/safety enhancements.
• The Pavement Management Plan includes bonding of $17,495,000 for transportation plan
projects and street mill & overlay projects. The repayment sources for this bonding include:
o Tax levy
o Project Special Assessment (The city provides the upfront funding for the special
assessment portion via bonding)
• The Stormwater Fund includes bonding for planned expenditures for storm sewer
replacement costs on street reconstruction project as well as the regional water quality
pond project.
The table below summarizes the proposed bonding by fund and year:
Summary of Projected Debt Balances
The following tables reflect all bonding requirements referenced in the CIP, Pavement
Management Plan, Facilities Management Plan, and Equipment Replacement Plan. It includes
the proposed bonding that may be presented to residents by referendum for community park
improvements (identified in the Park Plan).
Based on the proposed projects in the CIP, debt is projected to increase from $28.2M at the end
of 2023 to $72.2M at the end of 2029. Approximately $38M of the projected 2029 debt is for
proposed community park improvements.
Fund Name
2024 2025 2026 2027 2028 2029
C apital Park Fund F226 (Park Improvement Bonds)- - 5,000,000 15,000,000 20,000,000 -
Revolving Equip Fund F410 - - 1,770,000 1,410,000 - -
Revolving Park Equip Fund F430 - 1,030,000 - - 2,575,000 -
Facilities Mgmt Fund F440 - 515,000 - - 2,060,000 -
PIR Revolving Fund F450 1,580,000 - - 1,020,000 - -
Construction Fund F501 - 4,285,000 6,370,000 2,770,000 965,000 3,105,000
Governmental Funds Subtotal 1,580,000 5,830,000 13,140,000 20,200,000 25,600,000 3,105,000
Water Fund - - - - - -
Stormwater Fund 1,180,000 - - - - -
Sanitary Sewer Fund - - - - 5,150,000 -
Utility Funds Subtotal 1,180,000 - - - 5,150,000 -
City total Debt Issuance - All funds 2,760,000 5,830,000 13,140,000 20,200,000 30,750,000 3,105,000
City Total Debt Issuance - All funds wihout Park Improvement Bonds 2,760,000 5,830,000 8,140,000 5,200,000 10,750,000 3,105,000
Projected Bonding by Year
Item 7B
Page | 10
Projected Debt per Capita:
Projected debt per capita based on the current capital projects planned is shown in the table
below. It is shown with and without the proposed Parks Improvements bonding. The city is working
to manage its debt load while providing needed capital replacement projects in a growing city.
Bond Repayment through Debt Service Tax Levy:
The impact of the 2025-2029 CIP and other anticipated bond payment adjustments on the debt
service property tax levy are reflected in the following tables.
Projected five-year annual change in debt levy:
The table below indicates that we are planning to increase our annual debt levy in the five-year
planning period to fund planned community park improvements of $5M in 2026, $15M in 2027
and $20M in 2028. Staff will work with our municipal advisor to review options for structuring the
debt to minimize the annual debt service impact.
Projected change in total CIP Tax Levy:
The table below shows the projected change in the CIP tax levy by component.
2024 2025 2026 2027 2028 2029
Total Debt Outstanding (Existing & Planned)
Governmental Funds Debt Outstanding 21,309,000 23,355,000 32,385,000 48,165,000 68,935,000 65,965,000
Enterprise Funds Debt Outstanding 5,180,000 4,395,000 3,585,000 2,735,000 6,995,000 6,240,000
Total Debt Outstanding (Existing & Planned)26,489,000 27,750,000 35,970,000 50,900,000 75,930,000 72,205,000
Park Improvement Bonds Outstanding - - (5,000,000) (19,890,000) (39,525,000) (38,205,000)
Long-Term Financial Planning
Projected Change in Debt Levy
2024 2025 2026 2027 2028 2029
Debt Per Capital (assumes popluation growth)
Debt Per Capital (not incl Park Improvement Bonds)930 969 1,074 1,068 1,243 1,149
Debt Per Capital (incl Park Improvement Bonds)930 969 1,247 1,753 2,592 2,439
Projected
2024 2025 2026 2027 2028 2029
Change in Debt Levy
Debt Service Levy (not incl Park Improvement Bonds)(132,114) (109,835) 507,598 414,189 125,519 (47,010)
Debt Levy (Park Improvement Bonds Only)- - - 455,554 1,176,344 666,408
Debt: Change in Debt Levy (132,114) (109,835) 507,598 869,743 1,301,862 619,398
Projected Change in Debt Levy
Item 7B
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These projected debt service levy estimates for the years 2024-2029 are based on a mix of ten-
year level annual debt service payments and the structuring of some of the debt issuance to
manage the annual debt service impact. To fund the amount of projects proposed in the CIP,
inclusive of debt, and maintain the 10-year average tax rate change at 3-3.5% structuring the debt
(versus level annual payments) and/or other modifications to the planned budgets are reflected
in the annual update of the city’s financial plan.
The table below is a summary of the annual projected total CIP tax levy by component.
Bond Repayment Debt Service supported by Water and Sewer Fund Revenues:
• Revenues of the Water and Sewer Funds support the annual debt service for the Water
Treatment Plant debt refunding bond issues, the AMRS replacement, and the Huron area
street improvements.
• Revenues of the Stormwater fund will support the proposed annual debt service for the
2024 proposed debt issuance of $1,240,000 for storm sewer replacement costs on street
reconstruction project as well as the regional water quality pond project.
• The projected annual debt service for the utility funds is shown below:
2024 2025 2026 2027 2028 2029
Debt Service Levy (not incl Park Improvement Bonds)(132,114) (109,835) 507,598 414,189 125,519 (47,010)
Debt Levy (Park Improvement Bonds Only)- - - 455,554 1,176,344 666,408
Equipment Revolving Fund 50,000 75,000 50,000 50,000 100,000 70,000
Revolving Park Equip Fund 20,000 75,000 60,000 60,000 50,000 50,000
Facilities Management Fund 50,000 50,000 50,000 50,000 50,000 50,000
PIR Fund - - - - - 25,000
Change in Total CIP Tax Levies (12,114) 90,165 667,598 1,029,743 1,501,862 814,398
Projected Change in CIP Tax Levy2024-2029 CIP
2024 2025 2026 2027 2028 2029
Debt Service Levy (not incl Park Improvement
Bonds)3,451,512 3,341,677 3,849,275 4,263,464 4,388,983 4,341,973
Debt Levy (Park Improvement Bonds Only)- - - 455,554 1,631,898 2,298,306
Equipment Revolving Fund 800,000 875,000 925,000 975,000 1,075,000 1,145,000
Revolving Park Equip Fund 460,000 535,000 595,000 655,000 705,000 755,000
Facilities Management Fund 205,000 255,000 305,000 355,000 405,000 455,000
PIR Fund - - - - - 25,000
Total CIP Tax Levies 4,916,512 5,006,677 5,674,275 6,704,018 8,205,880 9,020,278
CIP Tax Levies:Projected CIP Tax Levy
2024 2025 2026 2027 2028 2029
Water 784,300 789,000 791,950 801,700 810,450 645,350
Sewer 169,650 164,250 162,500 165,500 168,000 487,333
Stormwater - 86,830 89,650 87,650 90,650 88,400
Projected Debt Service (funded by Utility Fund Revenues)2024-2029 CIP
Item 7B
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CIP Impact on Long Range Financial Plan:
The financial plan incorporates the debt and tax levy impacts of the Capital Improvement
Program. Approval of the CIP does not obligate the city to complete the proposed projects or
purchases. The 2025 projects/proposed purchases will be incorporated into the 2025 budget
requests for budgeted funds. Further Council approvals may be necessary to comply with state
statutes and the city’s purchasing policy.
The city’s financial planning reflects funding general operations, future planned capital
improvements, including related debt service on planned bond issuance to support capital
improvements for streets, equipment replacement and facilities capital maintenance projects.
As noted earlier, the city is considering future issuance of debt for park and recreation
improvements of $60 million of bonds from years 2026 to 2030 for park and trail improvements,
to be financed by a separate debt levy. The city is in the preliminary planning stage of reviewing
whether it will move forward to seek taxbase approval through a voter referendum in November
2025. Therefore, the tax levy and tax rate implications of potential park improvement bonds are
reflected in the city’s financial plan for City Council consideration.
To fund the amount of projects proposed, inclusive of debt, and maintain the 10-year average tax
rate change at 3-3.5% structuring the debt (versus level annual payments) and/or other
modifications to the planned budgets are reflected in the annual update of the financial plan.
The estimated tax levies and tax rate projections for the city’s five-year financial plan are shown
below.
ALTERNATIVES:
Motion and Second to close the Public Hearing and 1) approve the 2025-2029 Capital
Improvement Program and 2) approve the 2025-2029 Capital Improvement Plan as part of the
Facilities Management Plan
CITY PROPERTY TAX PROJECTION - INCLUDING PARK IMPROVEMENT BONDS
2024 2025 2026 2027 2028 2029
TAX LEVIES
General Fund Levy - Tax Capacity 13,798,778 15,014,949 16,195,544 16,924,685 18,134,565 19,180,308
General Fund Levy - Market Value 248,488 262,488 265,888 273,988 281,638 283,838
Debt Service Fund (not incl Park Improvement Bonds)3,203,024 3,079,189 3,583,387 3,989,476 4,107,345 4,058,135
Debt Levy (Park Improvement Bonds Only)455,554 1,631,898 2,298,306
CIP Funds 1,465,000 1,665,000 1,825,000 1,985,000 2,185,000 2,380,000
Total Tax Levies 18,715,289 20,021,626 21,869,819 23,628,703 26,340,445 28,200,586
Annual $ Change 1,859,077 1,306,337 1,848,193 1,758,884 2,711,742 1,860,141
TOTAL % CHANGE IN TAX LEVIES - including Park Imp Bonds 11.0%6.98%9.2%8.0%11.5%7.1%
CITY TAX CAPACITY TAX RATE- No Park Improvement Bonds 31.22% 32.54%33.48%34.47%34.88%
Annual % Change 3.04%4.22%2.87%2.97%1.20%
CITY TAX CAPACITY TAX RATE- Including Park Improvement Bonds 31.22% 32.54%34.17%36.87%38.14%
Annual % Change 3.04%4.22%5.02%7.90%3.44%
Debt per Capita - No Park Improvement Bonds 930 969 1,074 1,068 1,243 1,149
Debt per Capita - Including Park Improvement Bonds 930 969 1,247 1,753 2,592 2,439
Bonds Outstanding - No Park Improvement Bonds 26,489,000 27,750,000 30,970,000 31,010,000 36,405,000 34,000,000
Change in Bonds Outstanding 1,261,000 3,220,000 40,000 5,395,000 (2,405,000)
Bonds Outstanding - Including Park Improvement Bonds 26,489,000 27,750,000 35,970,000 50,900,000 75,930,000 72,205,000
Change in Bonds Outstanding 1,261,000 8,220,000 14,930,000 25,030,000 (3,725,000)
Five Year Planning Period
Item 7B
Page | 13
ATTACHMENTS:
1. Resolution - Conduct a Public hearing to Consider the Approval of the 2025-2029 Capital
Improvement Program (CIP)
2. Resolution - Conduct a Public hearing to Consider the Approval of the 2025-2029 Capital
Improvement Plan (facilities)
3. 2025-2029 Capital Improvement Plan (facilities) [Bonding authority - MN Statutes Section
475.521]
4. 2025-2029 Capital Improvement Program – Draft
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 24-
ADOPT THE 2025-2029 CAPITAL IMPROVEMENT PROGRAM (CIP)
Motion By: Second By:
WHEREAS, The CIP is a flexible planning document that attempts to balance the financial resources
of the City with its needs; and
WHEREAS,
During the course of the preparation and review of the 2025 to 2029 CIP the City
Council has considered, for each capital improvement and for the CIP overall: the
condition of the City's existing infrastructure, including the projected need for repair or
replacement; the likely demand for the improvement; the estimated cost of the
improvement; the available public resources; the level of overlapping debt in the City;
the relative benefits and costs of alternative uses of the funds; operating costs of the
proposed improvements; and alternatives for providing services most efficiently through
shared facilities with other cities or local government units; and
WHEREAS,
WHEREAS,
WHEREAS,
The CIP covers a period of five (5) years and is updated annually.
Staff presented a summary of the 2025-2029 CIP at the August 14, 2024, City Council
meeting to provide information to the public on the planned projects, financial planning,
financial impact of the CIP, and capital spending priorities of the City Council; and
The city expects to reimburse the expenditures made for certain costs of the projects
included in the CIP from the proceeds of bonds. Therefore, a separate resolution
RES19-092 was previously approved establishing procedures relating to compliance
with reimbursement bond regulations under the Internal Revenue Code.
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA as follows:
1. The recitals set forth above are incorporated herein.
2. The 2025-2029 Capital Improvement Program is hereby approved.
Passed and adopted by the Prior Lake City Council this 14th day of August 2024.
VOTE Briggs Braid Burkart Churchill Lake
Aye ☐ ☐ ☐ ☐ ☐
Nay ☐ ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐ ☐
Absent ☐ ☐ ☐ ☐ ☐
______________________________
Jason Wedel, City Manager
132368403v2
EXTRACT OF MINUTES OF A MEETING OF THE
CITY COUNCIL OF THE
CITY OF PRIOR LAKE, MINNESOTA
HELD: August 14, 2024
Pursuant to due call and notice thereof, a regular or special meeting of the City Council of
the City of Prior Lake, Scott County, Minnesota, was held at the City Hall in Prior Lake, Minnesota
on August 14, 2024, at 7:00 P.M. for the purpose, in part, of giving preliminary approval to the
issuance of general obligation capital improvement plan bonds and adopting the capital
improvement plan.
The following members were present:
and the following were absent:
Member _____________ introduced the following resolution and moved its adoption:
RESOLUTION NO. _____________
RESOLUTION GIVING PRELIMINARY APPROVAL TO THE ISSUANCE OF GENERAL
OBLIGATION CAPITAL IMPROVEMENT PLAN BONDS IN AN AMOUNT NOT TO
EXCEED $4,080,000 AND ADOPTING THE CITY OF PRIOR LAKE, MINNESOTA,
CAPITAL IMPROVEMENT PLAN FOR THE YEARS 2025 THROUGH 2029
A. WHEREAS, the City Council of the City of Prior Lake, Minnesota (the "City")
proposes to issue its general obligation capital improvement plan bonds, in one or more series, (the
"Bonds") and adopt the City of Prior Lake, Minnesota, Capital Improvement Plan for the years
2025 through 2029 (the "Plan"); and
B. WHEREAS, the City has caused notice of the public hearing on the intention to
issue the Bonds and on the proposed adoption of the Plan to be published pursuant to and in
accordance with Minnesota Statutes, Section 475.521; and
C. WHEREAS, a public hearing on the intention to issue the Bonds and on the
proposed Plan has been held on this date, following published notice of the public hearing as
required by law; and
D. WHEREAS, in approving the Plan, the City Council considered for each project
and for the overall Plan:
1. The condition of the City's existing infrastructure, including the projected
need for repair and replacement;
2. The likely demand for the improvement;
3. The estimated cost of the improvement;
4. The available public resources;
5. The level of overlapping debt in the City;
6. The relative benefits and costs of alternative uses of the funds;
CITY OF PRIOR LAKE, MN
2025 to 2029 CAPITAL IMPROVEMENT PLAN
August 14, 2024
Adopted ______________, 2024
A-1
CITY OF PRIOR LAKE
2025-2029 CAPITAL IMPROVEMENT PLAN
I. INTRODUCTION
In 2003, the Minnesota State Legislature adopted a statute that generally exempts city and town
general obligation bonds issued under a capital improvement plan from the referendum
requirements usually required for city halls, public works, public safety facilities and libraries.
The statute on general obligation capital improvement plan bonds is Minnesota Statutes,
Section 475.521 (the “Act”).
On August 14, 2024, the City Council held a public hearing on the adoption of the 2025-2029
Capital Improvement Plan and the issuance of general obligation improvement bonds.
On August 14, 2024, the City Council adopted Resolution No. 24-_____ approving the 2025-
2029 Capital Improvement Plan (the “CIP”). The approved 2025-2029 Capital Improvement
Plan anticipates the issuance of general obligation bonds to finance certain facilities
improvements as described in the CIP.
In order for the City of Prior Lake (the “City”) to proceed to issue general obligation bonds,
pursuant to the Act, the City must make certain findings. These findings are included in this
document.
II. PURPOSE
Under the Act, a capital improvement is a major expenditure of City funds for the acquisition
or betterment to public lands, buildings, or other improvements used as a city hall, town hall,
library, public safety, or public works facility, which has a useful life of five years or more.
Under the Act, capital improvements do not include light rail transit or related activities, parks,
road/bridges, administrative buildings other than a city hall or town hall, or land for those
facilities. For the purposes of the Act, the CIP is a document designed to anticipate capital
improvement expenditures and schedule them over at least a five-year period so that they may
be purchased in the most efficient and cost-effective method possible. A CIP allows the
matching of expenditures with anticipated income. As potential expenditures are reviewed, the
City considers the benefits, costs, alternatives, and impact on operating expenditures.
Before issuing bonds under a CIP, the City must hold a public hearing on the CIP and the
proposed bonds and must then approve the CIP and authorize the issuance of the bonds by at
least a 3/5 majority.
If a petition signed by voters equal to at least 5 percent of the votes cast in the last general City
election requesting a vote on the issuance of bonds is received by the municipal clerk within
30 days after the public hearing, then the bonds may not be issued unless approved by the voters
at an election.
A-2
The statute has established certain criteria that must be considered for each project to be
undertaken pursuant to this CIP (the “Projects”). These criteria are:
1. Condition of the City’s existing infrastructure and projected need for repair or replacement
2. Demand for the improvement
3. Cost of the improvement
4. Availability of public resources
5. Level of overlapping debt
6. Cost/benefits of alternative uses of funds
7. Operating costs of the proposed improvements
8. Alternatives for providing services most efficiently through shared facilities with other
municipalities or local governments
The CIP is designed to be updated and modified on an annual basis. In this manner, it becomes
an ongoing fiscal planning tool that continually anticipates future capital expenditures and
funding sources.
III. PLAN SUMMARY
This CIP is intended to describe and analyze the need for the Projects in accordance with the
Act. The City may modify this CIP from year to year as authorized by the Act.
Following is a summary of estimated expenditures for the Projects, including cost of bond
issuance (financing costs):
2025 Expenditures
The City intends to replace the rooftop unit on fire station #1. There will also be parking
lot improvements made to the police station and the library/Club Prior. The combined
estimated cost of the improvements to these facilities along with cost of issuance to be
financed through bond proceeds is $1,020,000.
2026 Expenditures
No projects anticipated in this plan.
2027 Expenditures
No projects anticipated in this plan.
2028 expenditures
The City intends to construct improvements to the city hall, police station, and fire station
#2, consisting of capital maintenance, and including building and exterior site
A-3
improvements. The combined estimated cost of the improvement to these facilities along
with cost of issuance to be financed through bond proceeds is $3,060,000.
2029 Expenditures
No projects anticipated in this plan.
Analysis
The City has analyzed the eight points required by the Act for the Projects on an individual
basis and as a whole. The findings are as follows:
1. Conditions of City Infrastructure, Including the Projected Need for Repair or
Replacement and Need for the Project
Improvements to City public safety, public works, and city hall facilities in future years are for
capital maintenance and repair of existing facilities.
2. Likely Demand for the Project
The City’s basic government service operations, including administration, police, fire, and
public works operations are housed in facilities that are in need of capital maintenance and
repair.
3. Estimated Cost of the Project
The estimated cost, including architectural/engineering, contingency, legal and bonding, of the
Project is set forth above.
4. Available Public Resources
The City does not have sufficient cash reserves on hand to finance the improvement of the city
hall and public works and public safety facilities without issuing bonds. The City plans to use
the bond proceeds to reimburse the City for the Projects.
A-4
5. Level of Overlapping Debt in the City
As of August 2, 2024, the level of overlapping debt in the City is provided in the table below:
Issuer
2023/2024
Tax
Capacity
Value(1)
2023/2024
Tax
Capacity
Value
in City(1)
Percentage
Applicable
in City
Outstanding
General
Obligation
Debt (2)
Taxpayers’
Share
of Debt
Scott County $ 318,207,331 $61,201,938 19.23% $96,455,000 $ 18,548,297
ISD No. 719 (Prior
Lake-Savage) 99,388,267 58,389,868 58.75 136,167,333 79,998,308
ISD No. 720
(Shakopee) 101,454,933 2,812,070 2.77 117,549,569 3,256,123
Metropolitan Council 6,313,906,529 61,201,938 .97 7,645,000(3) 74,157
Metro Transit 5,540,695,433 61,201,938 1.10 230,580,000 (4) 2,536,380
Total Indirect Debt: $ 104,413,265
(1) Tax Capacity Value is after tax increment deduction and fiscal disparity adjustments.
(2) As of July 2, 2024, unless noted otherwise.
(3) Metropolitan Council has $7,645,000 of general obligation debt outstanding as of December 31, 2023. This debt is payable
from ad valorem taxes levied on all taxable property within the Metropolitan Taxing District. This amount excludes
$1,185,889,000 of general obligation debt payable from wastewater and sewer revenues, and lease agreements.
(4) Metropolitan Transit has $230,580,000 of property tax supported general obligation debt outstanding as of December 31,
2023. Transit debt is issued by the Metropolitan Council for public transit operations and is payable from ad valorem taxes
levied on all taxable property within the Metropolitan Transit District. This amount excludes $270,715,000 of general
obligation debt payable from revenues.
A-5
6. Relative Benefits and Costs of Alternative Uses of the Funds
The proposed Projects could potentially be financed through the issuance of lease-revenue
bonds. However, both costs of issuance and overall debt service payments would be
significantly higher, since lease-revenue bonds are not general obligation debt and are therefore
not as attractive to potential purchasers. The issuance of general obligation capital
improvement plan bonds represents the most cost-efficient way to finance the proposed
Projects.
7. Operating Costs of the Proposed Project
Operating costs are not expected to be impacted to any significant degree with the proposed
improvements.
8. Alternatives for Providing Services Most Efficiently Through Shared Facilities with
Other Municipalities or Local Government Units
The proposed capital improvements are being made to maximize effective, cost-effective City
facilities, and as such, there would be no greater efficiency achieved through constructing
shared facilities with other local government units.
IV. FINANCING THE CAPITAL IMPROVEMENT PLAN
The total amount of requested expenditures under the CIP is expected not to exceed $4,080,000,
including estimated cost of issuance of bonds. These expenditures are to be funded by the sale
of the City’s general obligation capital improvement plan bonds not to exceed $4,080,000.
In the financing of the CIP, two statutory limitations apply. Under Minnesota Statutes, Chapter
475, as amended, with few exceptions, a municipality cannot incur debt in excess of 3% of the
assessor’s Estimated Market Value (“EMV”) for the municipality. In the case of a municipality
with a population of 2,500 or less, the bonds are not subject to the net debt limits. The City’s
2023 population was 28,500. Therefore, the proposed general obligation capital improvement
plan bonds to be issued in the years 2025 through 2029 would be subject to the debt limit.
Another limitation on bonding under the Act is that without referendum, the total amount that
can be used for principal and interest in any one year for CIP debt cannot exceed 0.16% of the
EMV for the City. The City has portions of four outstanding series of bonds, its General
Obligation Bonds, Series 2017A (the “Series 2017A Bonds”), General Obligation Bonds,
Series 2018A (the “Series 2018A Bonds”), General Obligation Bonds, Series 2021A (the
“Series 2021A Bonds”) and General Obligation Bonds, Series 2021B (the “Series 2021B
Bonds” and together with the Series 2017A Bonds, the Series 2018A Bonds, and the Series
2021A Bonds, the “Outstanding CIP Bonds”, issued under the Act. The maximum amount of
principal and interest due in any year on the Outstanding CIP Bonds, combined, is
$1,116,387.50. In payable year 2024, the City’s EMV was $5,605,339,200. Therefore, the
total amount available to be used to pay principal and interest on any new bonds issued under
this Plan is $8,968,543 per year ($5,605,339,200 x 0.16% = $8,968,543, which is greater than
the maximum amount of principal and interest due in any year on the Outstanding CIP Bonds.).
Under this CIP the City may issue up to $4,080,000 in general obligation capital improvement
plan bonds in the years 2025 through 2029 to finance the Projects. If the City were to issue
general obligation capital improvement bonds in the maximum principal amount of $4,080,000
A-6
for the Projects, the bond issue would be repaid over a period not to exceed thirty (30) years
pursuant to the Act.
Expected debt service on the proposed bonds for the Projects is within the statutory limits.
Annual Review of the Capital Improvement Plan
The City Council, using the process outlined in this CIP, plans to review this CIP annually,
considering proposed expenditures, making priority decisions, and seeking funding for those
expenditures it deems necessary for the City. If deemed appropriate, the City Council will
prepare an update to this CIP.
(The remainder of this page is intentionally blank)
132368403v2
2
7. Operating costs of the proposed improvements; and
8. Alternatives for providing services more efficiently through shared facilities
with other local governmental units; and
E. WHEREAS, the City Council has determined that the issuance of general
obligation capital improvement plan bonds in the aggregate principal amount of up to $4,080,000
is the best way to finance the capital improvements identified in the Plan.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Prior Lake,
Minnesota that the City hereby adopts the Plan and authorizes the issuance of up to $4,080,000
aggregate principal amount of general obligation capital improvement plan bonds.
The motion for the adoption of the foregoing resolution was duly seconded by member
____________ and, after full discussion thereof and upon a vote being taken thereon, the following
voted in favor thereof:
and the following voted against the same:
Whereupon the resolution was declared duly passed and adopted.
[Bonds must be approved by at least a three-fifths vote of the membership.]
[Issuance of Bonds is subject to a 30-day reverse referendum after the public hearing.]
132368403v2
3
STATE OF MINNESOTA
COUNTY OF SCOTT
CITY OF PRIOR LAKE
I, the undersigned, being duly qualified and acting City Manager of the City of Prior Lake,
Minnesota, do hereby certify that I have carefully compared the attached and foregoing extract of
minutes with the original minutes of a meeting of the City Council, duly called and held on the date
therein indicated, which are on file and of record in my office, and the same is a full, true and
complete transcript therefrom insofar as the same relates to a resolution giving preliminary approval
to the issuance of the City's general obligation capital improvement plan bonds and adopting the
City's capital improvement plan therefor.
WITNESS my hand on August 14, 2024.
_______________________________________
City Manager
Capital
Improvement
Program
2025-2029
DRAFT
Date: August 14, 2024
To: Mayor Briggs, Council Members and Residents of Prior Lake
From: Jason Wedel, City Manager
Subject: 2025-2029 Capital Improvement Program
The City carefully plans for capital maintenance and improvements by preparing a five-year capital improvement
program (often referred to as the CIP). The CIP represents a framework for planning, constructing, and
maintaining the community’s infrastructure including streets, trails, parks, equipment, watermain, sanitary sewer,
and public buildings.
Prior Lake’s five-year CIP supports the City’s goals as identified by the City Council and discussed during the
annual budget process. The CIP is updated, evaluated, and approved each year by the City Council as projects are
completed and priorities change. The purpose of the CIP is to assure that funds are available when projects are
required to meet community needs.
The CIP is an important tool to maintain and provide consistent investment in City equipment, facilities, and
infrastructure and an important element of responsible fiscal management. Proper allocation of resources for these
investments allows the City to pay for them on a pay-as-you-go basis to the maximum extent possible and thereby
reducing the need for issuing debt.
______________________________
Jason Wedel, City Manager
DRAFT
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DRAFT
2025-2029 CAPITAL IMPROVEMENT PROGRAM
Adopted August 14, 2024
by the
PRIOR LAKE CITY COUNCIL
Term Expires
Mayor Kirt Briggs December 31, 2024
Councilmember Zach Braid December 31, 2024
Councilmember Kevin Burkart December 31, 2024
Councilmember Kim Churchill December 31, 2026
Councilmember Victor Lake December 31, 2026
STAFF
City Manager Jason Wedel
Assistant City Manager Lori Olson
Finance Cathy Erickson
City Engineer/Public Works Andy Brotzler
Police Chief Liam Duggan
Fire Chief Rick Steinhaus
Community Development Casey McCabe
DRAFT
TABLE OF CONTENTS (Pg 1 of 2)
1.Department Summary
This table summarizes total project costs each year by department.
2.Funding Source Summary
This table summarizes the impact of the projects identified in the CIP on
each of the funding sources.
3.Projects by Department and Category
This table categorizes each of the projects by department.
4.Projects by Funding Source
This table summarizes each funding source with the corresponding projects.
5.Pavement Management Plan (2025-2029)
Projects & Funding Sources by Department - This table provides a five-year
summary of street overlay and improvement projects and funding sources.
Projects & Funding Sources by Department – This table provides the five-
year detail of street overlay and improvement projects and funding sources
by project.
Permanent Improvement Revolving Fund Sources and Uses of Funds – This
table provides a five-year projection of revenues, expenditures, and fund
balance.
The Transportation Plan Map identifies the proposed CIP projects.
The Street Reconstruction Plan (adopted 8/16/21) identifies the projects that
could potentially be funded by street reconstruction bonds
6.Equipment Replacement Plan (2025-2029)
Projects by Department and Category – This table provides the five-year
detail of equipment replacement by department.
Revolving Equipment Fund Sources and Uses of Funds – This table provides
a five-year projection of revenues, expenditures, and fund balance.
7.Park Plan (2025-2029)
Projects by Department and Category – This table provides the five-year
detail of park development and replacement projects.
Capital Park Fund Sources and Uses of Funds – This table provides a five-
year projection of revenues, expenditures, and fund balance.
Revolving Park Equipment Fund Sources and Uses of Funds – This table
provides a five-year projection of revenues, expenditures, and fund balance.
8. Facilities Management Plan (2025-2029)
Projects by Department and Category – This table provides the five-year
detail of facility improvement projects.
Facilities Management Fund Sources and Uses of Funds – This table
provides a five-year projection of revenues, expenditures, and fund balance.
The Capital Improvement Plan (adopted 8/14/24) identifies the projects that
could potentially be funded by capital improvement plan bonds.
DRAFT
TABLE OF CONTENTS (Pg 2 of 2)
9.Technology Plan (2025-2029)
Projects by Department and Category – This table provides the five-year
detail of technology equipment and infrastructure.
10.Enterprise Funds
These tables provide a summary of uses and sources of funds and planned
capital projects for Water, Sewer and Storm Water
11.Debt Analysis & Tax Impact
12.City Financial Management Plan
DRAFT
2025-2029 CAPITAL IMPROVEMENT PROGRAM
Two of the goals of the city’s Strategic Plan are “Stable and Sustainable Infrastructure” and
“High Quality Parks & Trails.” These goals contain objectives for financial stability and a
comprehensive funding strategy to ensure sufficient resources. The CIP is a primary tool for
meeting these objectives and providing a sound strategy for our capital needs.
The Prior Lake Capital Improvement Program (CIP) addresses these goals by focusing on long-
term planning for the expansion, replacement and/or maintenance of capital assets. Capital assets
refer to infrastructure (water, sewer, storm water, and streets), vehicles and equipment, park
equipment, facilities, and technology software and hardware.
The CIP is reviewed on an annual basis to identify the need for expansion, replacement and/or
maintenance; the timeframe to complete the project; and the appropriate funding source. The
final document reflects the specific goals, policies and priorities of the City Council and the
Strategic Plan. It is important to note that the CIP is a planning document and contains estimates
for the project and equipment costs. Prior to the implementation of any individual improvement
project, staff must prepare a feasibility study, conduct a public hearing, request bids for the
construction costs, and obtain approval for all phases of the project from the City Council.
The CIP also includes the following long-term plans: Pavement Management Plan
(Transportation and Street Overlay), Equipment Replacement Plan, Park Equipment Replacement
Plan, Technology Plan, Facilities Management Plan and plans for each of the three enterprise
funds including Water, Sewer, and Storm Water.
A five (5) year Transportation Plan has been developed to coordinate city and county
improvements that require a cooperative funding agreement between our two jurisdictions.
The Street Overlay Plan identifies the City’s annual street overlay costs. We anticipate that
the City will bond for the special assessment portion of the cost and fund the remainder with
prepayments of special assessments collected from prior year(s) improvements and an annual
tax levy. The fund will be reviewed annually, to monitor cash flow and determine the tax levy
needed.
The Equipment Replacement Plan serves to identify the City’s equipment needs on a long-term
basis and to provide a regular replacement schedule. The equipment purchases for the Fire, Police
and Public Works departments are processed through a revolving equipment fund. Equipment
purchases that are typically less than $5,000 are incorporated into the annual operating budgets
for the specific departments.
DRAFT
The Park Plan – identifies the new park capital improvements and the equipment replacement
demands for neighborhood parks.
The Facilities Management Plan identifies major repairs or improvements to all City-owned
buildings over the next five (5) years.
The Technology Plan identifies the hardware and major software needs for each department and
establishes a regular replacement schedule for over the next five (5) years.
The Enterprise Funds plans (Water, Sewer and Storm Water) identify the amount of capital
necessary for infrastructure replacements and improvements over the next five (5) years.
DRAFT
Produced Using Plan-It CIP Software
2025 through 2029
Capital Improvement Plan
Prior Lake, MN
Department Summary
Department 2025 2026 2027 2028 2029 Total
Streets: Transportation 6,659,800 10,163,000 5,550,000 6,590,000 7,445,000 36,407,800
Parks: Projects 3,530,000 2,150,000 331,000 3,592,000 877,000 10,480,000
Utility: Sewer Fund 1,838,500 1,380,000 1,309,000 1,650,000 1,606,000 7,783,500
Facilities 747,500 281,000 706,500 2,284,500 499,600 4,519,100
Streets 712,000 956,500 840,000 900,500 418,800 3,827,800
Utility: Storm Water Fund 545,000 402,000 440,000 458,000 516,000 2,361,000
Police 306,600 364,600 391,600 394,000 354,000 1,810,800
Utility: Water Fund 302,500 2,370,000 775,000 549,500 159,000 4,156,000
Parks 35,600 422,000 393,500 175,500 136,500 1,163,100
Cable 24,050 52,400 62,000 8,000 146,450
Technology 20,100 132,000 83,200 17,000 252,300
Central Garage 20,000 20,000 20,000 20,000 20,000 100,000
Fire 55,000 1,416,540 1,471,540
Streets: Overlay 990,000 990,000
Elections 20,000 20,000
Engineering 55,000 55,000
GRAND TOTAL 14,741,650 18,748,500 13,245,140 16,705,200 12,103,900 75,544,390
1
Produced Using Plan-It CIP Software
2025 through 2029
Capital Improvement Plan
Prior Lake, MN
Funding Source Summary
Source 2025 2026 2027 2028 2029 Total
G.O. SA Bonds - Project Levy 3,752,600 5,185,000 3,054,000 711,000 2,598,000 15,300,600
Utility: Sewer Fund (F604)2,026,633 2,400,000 2,009,000 3,540,000 3,206,000 13,181,633
Capital Park Fund (F225)1,500,000 600,000 550,000 2,650,000
Utility: Storm Water Fund (F602)1,332,300 1,095,000 800,000 949,250 1,136,000 5,312,550
Federal Grant 1,000,000 1,000,000 2,000,000
Revolving Park Equip. Fund (F430)918,400 550,000 331,000 3,592,000 327,000 5,718,400
G.O. SA Bonds - Project Assessment 841,400 1,000,000 340,000 225,000 415,000 2,821,400
Franchise Fees 805,000 1,115,000 1,151,000 1,389,000 1,152,000 5,612,000
Revolving Equip. Fund (F410)732,034 97,640 1,692,100 1,348,750 984,300 4,854,824
Construction Fund (F501)594,000 594,000
G.O. Capital Imp Bonds - 2025 515,000 515,000
Utility: Water Fund (F601)390,633 3,520,000 1,425,000 2,574,500 1,219,000 9,129,133
Facilities Management Fund (F440)232,500 281,000 706,500 224,500 499,600 1,944,100
SMSC Cost Sharing 57,000 57,000
Cable Franchise Fund (F210)24,050 52,400 62,000 8,000 146,450
General Fund (F101)20,100 132,000 20,000 6,200 178,300
G.O. Capital Equipment Bonds 1,720,460 1,369,540 3,090,000
G.O. SA Bonds - Overlay Assessment 285,000 285,000
G.O. Capital Imp Bonds - 2028 2,060,000 2,060,000
GRAND TOTAL 14,741,650 18,748,500 13,245,140 16,628,200 12,086,900 75,450,390
2
Produced Using Plan-It CIP Software
2025 through 2029
Capital Improvement Plan
Prior Lake, MN
Projects by Category And Department
Department
Category Project # 2025 2026 2027 2028 2029 Total
Cable
Equipment: Audio/Visual
Webstreaming - Control Room *COMM-002 12,400 12,400
Tightrope FlexLite 340 - Control Room *COMM-001 11,650 11,650
Chambers Presentation - Chambers *COMM-003 52,400 52,400
Control Room Production - Control Room *COMM-004 62,000 62,000
Chamber Audio - Chambers *COMM-005 8,000 8,000
Equipment: Audio/Visual Total 24,050 52,400 62,000 8,000 0 146,450
Cable Total 24,050 52,400 62,000 8,000 0 146,450
Central Garage
Equipment: Miscellaneous
Refurbishing *REFUR 20,000 20,000 20,000 20,000 20,000 100,000
Equipment: Miscellaneous Total 20,000 20,000 20,000 20,000 20,000 100,000
Central Garage Total 20,000 20,000 20,000 20,000 20,000 100,000
Elections
I.T.- General Equipment
Tabulators - qty 2 *ELEC-002 20,000 20,000
I.T.- General Equipment Total 0 0 20,000 0 0 20,000
Elections Total 0 0 20,000 0 0 20,000
Engineering
Equipment: Pick Ups/Vans
Truck-1 Ton *6399 55,000 55,000
Equipment: Pick Ups/Vans Total 0 0 0 0 55,000 55,000
Engineering Total 0 0 0 0 55,000 55,000
3.1
DRAFT
Produced Using Plan-It CIP Software
Department
Category Project # 2025 2026 2027 2028 2029 Total
Facilities
Facil: City Hall
Front Desk Remodel *440-201 130,000 130,000
Project Development for 2026 Imp *440-189 98,000 79,000 79,000 256,000
Vav Boxes *440-032 393,000 393,000
Carpet *440-038 281,000 281,000
Chiller *440-095 171,500 171,500
Air Handler (2)*440-094 145,500 145,500
Bell and Gosset Pumps (2)*440-091 66,000 66,000
Brick Wallcovering / Cherrywood Paneling *440-088 25,000 25,000
Cabinet Unit Heater *440-092 23,500 23,500
Resiliant Flooring *440-089 23,000 23,000
Tile Walls *440-090 17,000 17,000
Coiling Doors *440-037 16,500 16,500
Greenheck Exhaust (2)*440-093 14,000 14,000
Glass Doors *440-034 12,000 12,000
Miscellaneous *440-096 6,500 6,500
Facil: City Hall Total 0 228,000 79,000 1,273,500 0 1,580,500
Facil: Fire Station #1
Rooftop Unit *440-031 147,500 147,500
Windows - Aluminum *440-084 70,000 70,000
Facil: Fire Station #1 Total 147,500 0 0 0 70,000 217,500
Facil: Fire Station #2
Make-Up Air Unit *440-125 60,000 60,000
Air Exchanger *440-124 20,000 20,000
Exhaust Fan (2)*440-123 15,000 15,000
Epoxy Flooring *440-059 82,000 82,000
Overhead Doors 14x14 *440-056 32,500 32,500
Carpet *440-012 30,000 30,000
Irrigation System *440-055 14,000 14,000
Miscellaneous *440-126 14,000 14,000
Pressure Washer (2 Stations)*440-057 11,500 11,500
Facil: Fire Station #2 Total 0 0 95,000 184,000 0 279,000
3.2
DRAFT
Produced Using Plan-It CIP Software
Department
Category Project # 2025 2026 2027 2028 2029 Total
Facil: Lakefront Pavilion
Roof Replacement *440-196 100,000 100,000
Facil: Lakefront Pavilion Total 0 0 0 100,000 0 100,000
Facil: Library & Club Prior
Parking Lots *440-026 300,000 300,000
HVAC Control System *440-052 131,500 131,500
Air Handling Unit - Trane *440-110 97,000 97,000
Windows - Aluminum *440-066 180,500 180,500
Carpet *440-112 86,000 86,000
Condensing Unit *440-064 75,000 75,000
Light Fixtures *440-065 63,000 63,000
Wall Coverings *440-113 10,500 10,500
Tile Walls *440-067 9,100 9,100
Restroom Exhaust Fan *440-111 5,500 5,500
Facil: Library & Club Prior Total 300,000 0 228,500 0 429,600 958,100
Facil: Maintenance Ctr.
Room Divider *440-042 0 0
Facil: Maintenance Ctr. Total 0 0 0 0 0 0
Facil: Police Station
Parking / Safety Enhancements *440-087 300,000 300,000
Project Development for 2026 Imp *440-192 53,000 49,000 49,000 151,000
Carpet *440-185 120,000 120,000
Epoxy Flooring *440-107 85,000 85,000
Wall Coverings *440-191 50,000 50,000
Membrane Roofing *440-029 310,000 310,000
VAV Boxes *440-106 208,000 208,000
Air Handler - McQuay *440-104 79,000 79,000
Front Entry Security Update *440-101 40,000 40,000
Bell and Gosset Pump *440-102 19,000 19,000
Greenheck Exhaust (2)*440-103 14,000 14,000
Overhead Coiling Door (2)*440-047 8,000 8,000
Facil: Police Station Total 300,000 53,000 304,000 727,000 0 1,384,000
Facilities Total 747,500 281,000 706,500 2,284,500 499,600 4,519,100
3.3
DRAFT
Produced Using Plan-It CIP Software
Department
Category Project # 2025 2026 2027 2028 2029 Total
Fire
Equipment: Apparatus
Fire Ladder Truck *9280 1,369,540 1,369,540
Equipment: Apparatus Total 0 0 1,369,540 0 0 1,369,540
Equipment: First Response
Chief 1 Explorer *9200 55,000 55,000
Equipment: First Response Total 0 55,000 0 0 0 55,000
Equipment: Other
UTV *9275 47,000 47,000
Equipment: Other Total 0 0 47,000 0 0 47,000
Fire Total 0 55,000 1,416,540 0 0 1,471,540
Parks
Equipment: Attachments
Skid Steer U-Blade *8260 1,600 1,600
Disc *8266 0 0
Skid Steer Snow Bucket *8256 0 0
Skid Steer Snow Bucket *8257 0 0
Stump Grinder *8272 12,000 12,000
Aerovator Seeder *8269 15,000 15,000
Tractor Snow Blower *8270 13,000 13,000
Tiller *8268 9,000 9,000
Fertilizer Spreader *8267 8,500 8,500
Aerovator *8265 16,000 16,000
Landpride Drop Seeder *8264 16,000 16,000
Equipment: Attachments Total 1,600 0 12,000 45,500 32,000 91,100
Equipment: Loaders/Skid Steers
Skid Steer - Tracks *8502 75,000 75,000
Forklift *8558 17,000 17,000
Skid Steer - Wheels *8501 74,000 74,000
Equipment: Loaders/Skid Steers Total 0 0 92,000 74,000 0 166,000
Equipment: Pick Ups/Vans
3.4
DRAFT
Produced Using Plan-It CIP Software
Department
Category Project #2025 2026 2027 2028 2029 Total
Truck 1 Ton Dump *8546 120,000 120,000
Truck 1 Ton Dump *8547 120,000 120,000
Truck-1 Ton *8548 90,000 90,000
Truck-1 Ton *8540 58,000 58,000
Truck 1/2 Ton - Sanitation *8508 45,000 45,000
Pickup 1/2 Ton *8541 50,000 50,000
Pick-Up 1/2 Ton *8319 50,000 50,000
Equipment: Pick Ups/Vans Total 0 388,000 45,000 0 100,000 533,000
Equipment: Trailers
Trailer-Small Enclosed *8529 3,000 3,000
Trailer-Small *8530 6,000 6,000
Equipment: Trailers Total 0 0 3,000 6,000 0 9,000
Equipment: Turf Care
Utility Vehicle-Field Groomer *8537 34,000 34,000
Utility Vehicle *8539 34,000 34,000
Mower-16FT *8504 155,000 155,000
Utility Vehicle *8536 35,000 35,000
Utility Vehicle-Water Tank *8538 31,500 31,500
Mower-6FT *8523 50,000 50,000
Mower Walk Behind *8511 4,500 4,500
Equipment: Turf Care Total 34,000 34,000 221,500 50,000 4,500 344,000
Equipment: Utility Equp.
Electric Scissor Lift *8551 20,000 20,000
Equipment: Utility Equp. Total 0 0 20,000 0 0 20,000
Parks Total 35,600 422,000 393,500 175,500 136,500 1,163,100
Parks: Projects
New Park Development
TH 13 Trail Segment 1 (CR42 to Oakland)*PRK24-000001 2,500,000 2,500,000
TH 13 Trail Segment 2 *PRK26-000001 1,600,000 1,600,000
Future Neighborhood Park Development *225-001 550,000 550,000
New Park Development Total 2,500,000 1,600,000 0 0 550,000 4,650,000
3.5
Produced Using Plan-It CIP Software
Department
Category Project # 2025 2026 2027 2028 2029 Total
Park Replacement
Ponds Park Ph II *PRK25-000001 1,000,000 1,000,000
Ryan BB Court Maintenance *430-036 30,000 30,000
Misc Playground *PLAY 250,000 250,000 250,000 250,000 1,000,000
Memorial Parking Lots (2)*430-039 250,000 250,000
Cardinal Ridge Parking Lot *430-044 45,000 45,000
Grainwood Crossing Parking Lot *430-045 5,000 5,000
Crystal Lake Fishing Pier *430-049 22,000 22,000
Enclave BB Court Maintenance *430-050 15,000 15,000
Howard Lake BB Court Maintenance *430-051 15,000 15,000
Memorial Drinking Fountain *430-052 12,000 12,000
Woodridge Ballfield *430-054 10,000 10,000
Memorial Windscreen *430-025 7,000 7,000
Ponds Parking Lots (4), Entrance Road *430-069 2,500,000 2,500,000
Memorial Backstop, Batters Eye, Cages, Dugouts *430-056 265,000 265,000
Memorial Concession Building *430-057 250,000 250,000
Ryan Backstop, Batters Eye, Cages, Dugouts *430-059 145,000 145,000
Sand Point Beach Renovation Study *430-030 100,000 100,000
Spring Lake Pickleball Courts *430-060 40,000 40,000
Memorial BB Court Maintenance *430-004 22,000 22,000
Knob Hill BB Court Maintenance *430-001 20,000 20,000
Oakland BB Court Maintenance *430-007 22,000 22,000
Boudins BB Court Maintenance *430-006 20,000 20,000
Willows BB Court Maintenance *430-011 20,000 20,000
Wilds North BB Court Maintenance *430-010 15,000 15,000
Park Replacement Total 1,030,000 550,000 331,000 3,592,000 327,000 5,830,000
Parks: Projects Total 3,530,000 2,150,000 331,000 3,592,000 877,000 10,480,000
Police
Equipment: Emerg. Sirens
2005 Siren@14998 Wilds Pkwy NW *PD-Siren13 46,600 46,600
2006 Siren@1546 Belmont Ave NW *PD-Siren14 46,600 46,600
2007 Siren@1500 Spring Lake Cir., Jordan *PD-Siren15 46,600 46,600
3.6
DRAFT
Produced Using Plan-It CIP Software
Department
Category Project # 2025 2026 2027 2028 2029 Total
Equipment: Emerg. Sirens Total 46,600 46,600 46,600 0 0 139,800
Equipment: Other
Speed Sign Trailer *7200 12,000 12,000
Equipment: Other Total 0 0 0 0 12,000 12,000
Equipment: Squads
Squads-Marked *Multiple 3 260,000 284,000 544,000
Squads-Marked *Multiple 1 268,000 292,000 560,000
PD Admin *7135 50,000 50,000
Squads-Marked *Multiple 2 276,000 276,000
Squad New *7116 69,000 69,000
Chief *7131 55,000 55,000
SWAT Van *7133 55,000 55,000
Commander *7136 50,000 50,000
Equipment: Squads Total 260,000 318,000 345,000 394,000 342,000 1,659,000
Police Total 306,600 364,600 391,600 394,000 354,000 1,810,800
Streets
Equipment: Attachments
Skid Steer Trailer Mover *8254 0 0
Skid Steer Manhole Cutter *8261 27,500 27,500
Message Board *8275 14,500 14,500
Equipment: Attachments Total 0 0 27,500 0 14,500 42,000
Equipment: Dump Trucks
Truck-5 Ton-Dump-Single Axle *8466 120,000 190,000 310,000
Truck-9 Ton-Dump-Tandem *8464 150,000 210,000 360,000
Truck-5 Ton-Dump-Single Axle *8467 130,000 200,000 330,000
Truck-5 Ton-Dump *8468 135,000 220,000 355,000
Truck-5 Ton-Dump *8469 135,000 220,000 355,000
Hook Truck *8521 180,000 180,000
Truck-9 Ton Dump Tandem *8465 180,000 180,000
Equipment: Dump Trucks Total 120,000 470,000 680,000 440,000 360,000 2,070,000
Equipment: Emergency Power
3.7
DRAFT
Produced Using Plan-It CIP Software
Department
Category Project # 2025 2026 2027 2028 2029 Total
Generator - PD *GEN-PD 125,000 125,000
Equipment: Emergency Power Total 0 125,000 0 0 0 125,000
Equipment: Loaders/Skid Steers
Loader-Backhoe *8785 177,000 177,000
Skid Steer *8781 100,000 100,000
Loader Wheel *8789 350,000 350,000
Equipment: Loaders/Skid Steers Total 277,000 350,000 0 0 0 627,000
Equipment: Miscellaneous
Pressure Washer - Wash Bay *8000 7,500 7,500
Equipment: Miscellaneous Total 0 0 7,500 0 0 7,500
Equipment: Pick Ups/Vans
Truck-1.5 Ton-Dump *8452 125,000 125,000
Pickup 1.5 Ton Dump New *8550 130,000 130,000
Equipment: Pick Ups/Vans Total 0 0 125,000 130,000 0 255,000
Equipment: Street/Sidewalk
Street Sweeper-Mechanical *8472 315,000 315,000
Street Sweeper-Regenerative *8471 282,500 282,500
Hot Patcher *8429 48,000 48,000
Asphalt Roller *8474 28,800 28,800
Equipment: Street/Sidewalk Total 315,000 0 0 330,500 28,800 674,300
Equipment: Trailers
Trailer *8479 11,500 11,500
Trailer *8482 15,500 15,500
Equipment: Trailers Total 0 11,500 0 0 15,500 27,000
Streets Total 712,000 956,500 840,000 900,500 418,800 3,827,800
Streets: Overlay
Streets: Street Overlay
Northwoods Phase 2 Mill and Overlay *PIR27-000001 990,000 990,000
Streets: Street Overlay Total 0 0 990,000 0 0 990,000
Streets: Overlay Total 0 0 990,000 0 0 990,000
3.8
DRAFT
Produced Using Plan-It CIP Software
Department
Category Project # 2025 2026 2027 2028 2029 Total
Streets: Transportation
Streets: City Jurisdiction
Wilds Pkwy Reclamation *TRN25-000001 5,329,800 5,329,800
Martindale/Henning/Hickory Reclamation *TRN25-000003 1,030,000 1,030,000
Lords Street Bridge Rehab *TRN25-000002 300,000 300,000
Northwood Phase 1 *TRN26-000001 10,163,000 10,163,000
Northwood Phase 2 *TRN27-000001 5,350,000 5,350,000
CSAH 17 Expansion *TRN27-000002 200,000 200,000
Green Heights Area *TRN28-000001 6,590,000 6,590,000
Sunset Hills Area *TRN29-000001 7,445,000 7,445,000
Streets: City Jurisdiction Total 6,659,800 10,163,000 5,550,000 6,590,000 7,445,000 36,407,800
Streets: Transportation Total 6,659,800 10,163,000 5,550,000 6,590,000 7,445,000 36,407,800
Technology
I.T.- General Equipment
Ricoh MP C4504 - Admin *TECH-EQ-005 10,600 10,600
Ricoh MP C3504 - Police *TECH-EQ-007 9,500 9,500
Marco Phone Upgrade *TECH-EQ-012 60,000 60,000
Ricoh MP C2504 *TECH-EQ-008 6,000 6,000
Council Chambers: HD
Cameras,SW,Scheduler,Etc.
*TECH-EQ-008A 77,000 77,000
Ricoh IMC2500 P&R *TECH-EQ-004 6,200 6,200
Council Chambers: Audio System *TECH-EQ-005A 17,000 17,000
I.T.- General Equipment Total 20,100 66,000 0 83,200 17,000 186,300
I.T.- Network Infrastructure
Dell SAN *TECH-NW-008 36,000 36,000
HP Proliant DL380 ESX01 *TECH-NW-006 15,000 15,000
HP Proliant DL380 ESX02 *TECH-NW-007 15,000 15,000
I.T.- Network Infrastructure Total 0 66,000 0 0 0 66,000
Technology Total 20,100 132,000 0 83,200 17,000 252,300
3.9
DRAFT
Produced Using Plan-It CIP Software
Department
Category Project #2025 2026 2027 2028 2029 Total
Utility: Sewer Fund
Equipment: Emergency Power
Generators - Towable *8777 175,000 175,000
Generators - Estate LS *GEN-Estate 125,000 125,000
Generators - Towable *8776 100,000 100,000
Generator - Franklin LS *GEN-Frank 125,000 125,000
Generator - Lime LS *GEN-Lime 125,000 125,000
Equipment: Emergency Power Total 175,000 0 0 225,000 250,000 650,000
I.T.- Software
SCADA Upgrade *604-5 500,000 500,000 500,000 500,000 500,000 2,500,000
I.T.- Software Total 500,000 500,000 500,000 500,000 500,000 2,500,000
Wastewater
Lift Station Rehabilitation *604-4 709,000 412,000 327,000 429,000 345,000 2,222,000
Sewer Lining and I&I Program *604-1 454,500 468,000 482,000 496,000 511,000 2,411,500
Wastewater Total 1,163,500 880,000 809,000 925,000 856,000 4,633,500
Utility: Sewer Fund Total 1,838,500 1,380,000 1,309,000 1,650,000 1,606,000 7,783,500
Utility: Storm Water Fund
Storm Sewer/Drainage
Stormwater Pond Maintenance *602-3 212,000 218,000 225,000 232,000 239,000 1,126,000
Maintenance Projects *602-7 150,000 150,000 150,000 150,000 150,000 750,000
Adelmann Street Pond *602-13 150,000 150,000
Storm Water Pond Planning and Prioritization *602-6 33,000 34,000 35,000 36,000 37,000 175,000
Local Surface Water Management Plan (LSWMP)*602-2 0 0 0 0 50,000 50,000
2025-2030 MS4 Permit Update *602-14 0 0
Priorwood Street Channel / Pond Study *602-15 30,000 40,000 70,000
Shady Beach Trail Ravine *602-16 40,000 40,000
Storm Sewer/Drainage Total 545,000 402,000 440,000 458,000 516,000 2,361,000
Utility: Storm Water Fund Total 545,000 402,000 440,000 458,000 516,000 2,361,000
Utility: Water Fund
3.10
Produced Using Plan-It CIP Software
Department
Category Project #2025 2026 2027 2028 2029 Total
Equipment: Pick Ups/Vans
Truck-1 Ton *8758 60,000 60,000
Equipment: Pick Ups/Vans Total 60,000 0 0 0 0 60,000
Facil: Water Treatment
Ventilators *440-137 100,000 100,000
Carpet *440-135 30,000 30,000
Rooftop Unit *440-136 20,000 20,000
Membrane Roofing *440-054 300,000 300,000
HVAC Control System *440-129 136,500 136,500
Light Fixtures (Interior/Exterior)*440-061 110,500 110,500
Overhead Doors 16x16 *440-060 75,000 75,000
HVAC Pumps *440-130 60,000 60,000
AC Condensing Unit *440-128 54,500 54,500
Indoor Air Handling *440-131 36,500 36,500
Roof Exhaust Fans *440-133 14,500 14,500
AC Unit - Data Room *440-132 0 0
Coiling Doors *440-134 0 0
Water Heaters *440-063 0 0
Chain Link Fence *440-069 47,500 47,500
Irrigation System *440-070 14,000 14,000
Facil: Water Treatment Total 150,000 0 300,000 487,500 61,500 999,000
Water Distribution
Well Rehab *601-1 57,500 60,000 50,000 52,000 65,000 284,500
Summit Booster *601-12 15,000 15,000
Tower Reconditioning *601-2 1,810,000 1,810,000
Filter Media *601-7 425,000 425,000 850,000
140th Interconnect Repair *601-10 75,000 75,000
Pike Lake PRV *601-14 10,000 10,000
Jeffers PRV *601-13 7,500 7,500
Water Distribution Total 72,500 2,370,000 475,000 62,000 72,500 3,052,000
Water Treatment
Water Treatment Facility Equip Replacement *601-3 20,000 25,000 45,000
Water Treatment Total 20,000 0 0 0 25,000 45,000
3.11
Produced Using Plan-It CIP Software
Department
Category Project #2025 2026 2027 2028 2029 Total
Utility: Water Fund Total 302,500 2,370,000 775,000 549,500 159,000 4,156,000
GRAND TOTAL 14,741,650 18,748,500 13,245,140 16,705,200 12,103,900 75,544,390
3.12
2025 through 2029
Capital Improvement Plan
Prior Lake, MNProjects By Funding Source Summary
Source Project #2025 2026 2027 2028 2029 Total
Cable Franchise Fund (F210)
Webstreaming - Control Room *COMM-002 12,400 12,400
Tightrope FlexLite 340 - Control Room *COMM-001 11,650 11,650
Chambers Presentation - Chambers *COMM-003 52,400 52,400
Control Room Production - Control
Room *COMM-004 62,000 62,000
Chamber Audio - Chambers *COMM-005 8,000 8,000
Cable Franchise Fund (F210) Total 24,050 52,400 62,000 8,000 0 146,450
Capital Park Fund (F225)
TH 13 Trail Segment 1 (CR42 to
Oakland)*PRK24-000001 1,500,000 1,500,000
TH 13 Trail Segment 2 *PRK26-000001 600,000 600,000
Future Neighborhood Park
Development *225-001 550,000 550,000
Capital Park Fund (F225) Total 1,500,000 600,000 0 0 550,000 2,650,000
Construction Fund (F501)
Wilds Pkwy Reclamation *TRN25-000001 594,000 594,000
Construction Fund (F501) Total 594,000 0 0 0 0 594,000
Facilities Management Fund (F440)
Rooftop Unit *440-031 147,500 147,500
Parking Lots *440-026 42,500 42,500
Parking / Safety Enhancements *440-087 42,500 42,500
Front Desk Remodel *440-201 130,000 130,000
Project Development for 2026 Imp *440-189 98,000 79,000 177,000
Project Development for 2026 Imp *440-192 53,000 49,000 102,000
Room Divider *440-042 0 0
HVAC Control System *440-052 131,500 131,500
Carpet *440-185 120,000 120,000
Air Handling Unit - Trane *440-110 97,000 97,000
Epoxy Flooring *440-107 85,000 85,000
Make-Up Air Unit *440-125 60,000 60,000
Wall Coverings *440-191 50,000 50,000
Air Exchanger *440-124 20,000 20,000
Exhaust Fan (2)*440-123 15,000 15,000
Epoxy Flooring *440-059 82,000 82,000
Roof Replacement *440-196 40,500 40,500
Produced Using Plan-It CIP Software
4.1
Overhead Doors 14x14 *440-056 32,500 32,500
Carpet *440-012 30,000 30,000
Irrigation System *440-055 14,000 14,000
Miscellaneous *440-126 14,000 14,000
Pressure Washer (2 Stations)*440-057 11,500 11,500
Water Heaters *440-063 0 0
AC Unit - Data Room *440-132 0 0
Coiling Doors *440-134 0 0
Windows - Aluminum *440-066 180,500 180,500
Carpet *440-112 86,000 86,000
Condensing Unit *440-064 75,000 75,000
Windows - Aluminum *440-084 70,000 70,000
Light Fixtures *440-065 63,000 63,000
Wall Coverings *440-113 10,500 10,500
Tile Walls *440-067 9,100 9,100
Restroom Exhaust Fan *440-111 5,500 5,500
Facilities Management Fund (F440) Total 232,500 281,000 706,500 224,500 499,600 1,944,100
Federal Grant
TH 13 Trail Segment 1 (CR42 to
Oakland)*PRK24-000001 1,000,000 1,000,000
TH 13 Trail Segment 2 *PRK26-000001 1,000,000 1,000,000
Federal Grant Total 1,000,000 1,000,000 0 0 0 2,000,000
Franchise Fees
Wilds Pkwy Reclamation *TRN25-000001 505,000 505,000
Lords Street Bridge Rehab *TRN25-000002 300,000 300,000
Northwood Phase 1 *TRN26-000001 1,115,000 1,115,000
Northwood Phase 2 *TRN27-000001 1,151,000 1,151,000
Green Heights Area *TRN28-000001 1,389,000 1,389,000
Sunset Hills Area *TRN29-000001 1,152,000 1,152,000
Franchise Fees Total 805,000 1,115,000 1,151,000 1,389,000 1,152,000 5,612,000
Source Project #2025 2026 2027 2028 2029 Total
Produced Using Plan-It CIP Software
4.2
General Fund (F101)
Ricoh MP C4504 - Admin *TECH-EQ-005 10,600 10,600
Ricoh MP C3504 - Police *TECH-EQ-007 9,500 9,500
Marco Phone Upgrade *TECH-EQ-012 60,000 60,000
Dell SAN *TECH-NW-008 36,000 36,000
HP Proliant DL380 ESX02 *TECH-NW-007 15,000 15,000
HP Proliant DL380 ESX01 *TECH-NW-006 15,000 15,000
Ricoh MP C2504 *TECH-EQ-008 6,000 6,000
Tabulators - qty 2 *ELEC-002 20,000 20,000
Ricoh IMC2500 P&R *TECH-EQ-004 6,200 6,200
General Fund (F101) Total 20,100 132,000 20,000 6,200 0 178,300
G.O. Capital Equipment Bonds
Loader Wheel *8789 350,000 350,000
Squads-Marked *Multiple 1 268,000 268,000
Truck-5 Ton-Dump-Single Axle *8466 190,000 190,000
Truck-9 Ton-Dump-Tandem *8464 150,000 150,000
Truck-5 Ton-Dump-Single Axle *8467 130,000 130,000
Generator - PD *GEN-PD 125,000 125,000
Truck 1 Ton Dump *8547 120,000 120,000
Truck 1 Ton Dump *8546 120,000 120,000
Truck-1 Ton *8548 90,000 90,000
Truck-1 Ton *8540 58,000 58,000
Chief 1 Explorer *9200 55,000 55,000
Utility Vehicle *8539 34,000 34,000
PD Admin *7135 18,960 18,960
Trailer *8479 11,500 11,500
Fire Ladder Truck *9280 1,369,540 1,369,540
G.O. Capital Equipment Bonds Total 0 1,720,460 1,369,540 0 0 3,090,000
G.O. Capital Imp Bonds - 2025
Parking Lots *440-026 257,500 257,500
Parking / Safety Enhancements *440-087 257,500 257,500
G.O. Capital Imp Bonds - 2025 Total 515,000 0 0 0 0 515,000
G.O. Capital Imp Bonds - 2028
Vav Boxes *440-032 393,000 393,000
Membrane Roofing *440-029 310,000 310,000
Carpet *440-038 281,000 281,000
VAV Boxes *440-106 208,000 208,000
Chiller *440-095 171,500 171,500
Air Handler (2)*440-094 145,500 145,500
Project Development for 2026 Imp *440-189 79,000 79,000
Air Handler - McQuay *440-104 79,000 79,000
Source Project #2025 2026 2027 2028 2029 Total
Produced Using Plan-It CIP Software
4.3
Bell and Gosset Pumps (2)*440-091 66,000 66,000
Roof Replacement *440-196 59,500 59,500
Project Development for 2026 Imp *440-192 49,000 49,000
Front Entry Security Update *440-101 40,000 40,000
Brick Wallcovering / Cherrywood
Paneling *440-088 25,000 25,000
Cabinet Unit Heater *440-092 23,500 23,500
Resiliant Flooring *440-089 23,000 23,000
Bell and Gosset Pump *440-102 19,000 19,000
Tile Walls *440-090 17,000 17,000
Coiling Doors *440-037 16,500 16,500
Greenheck Exhaust (2)*440-093 14,000 14,000
Greenheck Exhaust (2)*440-103 14,000 14,000
Glass Doors *440-034 12,000 12,000
Overhead Coiling Door (2)*440-047 8,000 8,000
Miscellaneous *440-096 6,500 6,500
G.O. Capital Imp Bonds - 2028 Total 0 0 0 2,060,000 0 2,060,000
G.O. SA Bonds - Overlay Assessment
Northwoods Phase 2 Mill and Overlay *PIR27-000001 285,000 285,000
G.O. SA Bonds - Overlay Assessment Total 0 0 285,000 0 0 285,000
G.O. SA Bonds - Project Assessment
Wilds Pkwy Reclamation *TRN25-000001 556,400 556,400
Martindale/Henning/Hickory
Reclamation *TRN25-000003 285,000 285,000
Northwood Phase 1 *TRN26-000001 1,000,000 1,000,000
Northwood Phase 2 *TRN27-000001 340,000 340,000
Green Heights Area *TRN28-000001 225,000 225,000
Sunset Hills Area *TRN29-000001 415,000 415,000
G.O. SA Bonds - Project Assessment Total 841,400 1,000,000 340,000 225,000 415,000 2,821,400
Source Project #2025 2026 2027 2028 2029 Total
Produced Using Plan-It CIP Software
4.4
G.O. SA Bonds - Project Levy
Wilds Pkwy Reclamation *TRN25-000001 2,184,600 2,184,600
Ponds Park Ph II *PRK25-000001 1,000,000 1,000,000
Martindale/Henning/Hickory
Reclamation *TRN25-000003 538,000 538,000
Ryan BB Court Maintenance *430-036 30,000 30,000
Northwood Phase 1 *TRN26-000001 5,185,000 5,185,000
Northwood Phase 2 *TRN27-000001 2,149,000 2,149,000
Northwoods Phase 2 Mill and Overlay *PIR27-000001 705,000 705,000
CSAH 17 Expansion *TRN27-000002 200,000 200,000
Green Heights Area *TRN28-000001 711,000 711,000
Sunset Hills Area *TRN29-000001 2,598,000 2,598,000
G.O. SA Bonds - Project Levy Total 3,752,600 5,185,000 3,054,000 711,000 2,598,000 15,300,600
Revolving Equip. Fund (F410)
Squads-Marked *Multiple 3 260,000 284,000 544,000
Street Sweeper-Mechanical *8472 157,500 157,500
Truck-5 Ton-Dump-Single Axle *8466 120,000 120,000
Loader-Backhoe *8785 59,000 59,000
2005 Siren@14998 Wilds Pkwy NW *PD-Siren13 46,600 46,600
Utility Vehicle-Field Groomer *8537 34,000 34,000
Skid Steer *8781 33,334 33,334
Refurbishing *REFUR 20,000 20,000 20,000 20,000 20,000 100,000
Skid Steer U-Blade *8260 1,600 1,600
Skid Steer Trailer Mover *8254 0 0
Skid Steer Snow Bucket *8256 0 0
Disc *8266 0 0
2006 Siren@1546 Belmont Ave NW *PD-Siren14 46,600 46,600
PD Admin *7135 31,040 31,040
Skid Steer Snow Bucket *8257 0 0
Squads-Marked *Multiple 2 276,000 276,000
Truck-9 Ton-Dump-Tandem *8464 210,000 210,000
Truck-5 Ton-Dump-Single Axle *8467 200,000 200,000
Mower-16FT *8504 155,000 155,000
Truck-5 Ton-Dump *8468 135,000 220,000 355,000
Truck-5 Ton-Dump *8469 135,000 220,000 355,000
Truck-1.5 Ton-Dump *8452 125,000 125,000
Skid Steer - Tracks *8502 75,000 75,000
Squad New *7116 69,000 69,000
UTV *9275 47,000 47,000
2007 Siren@1500 Spring Lake Cir., Jordan *PD-Siren15 46,600 46,600
Truck 1/2 Ton - Sanitation *8508 45,000 45,000
Utility Vehicle *8536 35,000 35,000
Utility Vehicle-Water Tank *8538 31,500 31,500
Source Project #2025 2026 2027 2028 2029 Total
Produced Using Plan-It CIP Software
4.5
Skid Steer Manhole Cutter *8261 27,500 27,500
Electric Scissor Lift *8551 20,000 20,000
Forklift *8558 17,000 17,000
Stump Grinder *8272 12,000 12,000
Pressure Washer - Wash Bay *8000 7,500 7,500
Trailer-Small Enclosed *8529 3,000 3,000
Street Sweeper-Regenerative *8471 141,250 141,250
Pickup 1.5 Ton Dump New *8550 130,000 130,000
Skid Steer - Wheels *8501 74,000 74,000
Chief *7131 55,000 55,000
SWAT Van *7133 55,000 55,000
Mower-6FT *8523 50,000 50,000
Hot Patcher *8429 48,000 48,000
Aerovator Seeder *8269 15,000 15,000
Tractor Snow Blower *8270 13,000 13,000
Tiller *8268 9,000 9,000
Fertilizer Spreader *8267 8,500 8,500
Trailer-Small *8530 6,000 6,000
Squads-Marked *Multiple 1 292,000 292,000
Truck-9 Ton Dump Tandem *8465 180,000 180,000
Hook Truck *8521 180,000 180,000
Truck-1 Ton *6399 55,000 55,000
Pickup 1/2 Ton *8541 50,000 50,000
Pick-Up 1/2 Ton *8319 50,000 50,000
Commander *7136 50,000 50,000
Asphalt Roller *8474 28,800 28,800
Landpride Drop Seeder *8264 16,000 16,000
Aerovator *8265 16,000 16,000
Trailer *8482 15,500 15,500
Message Board *8275 14,500 14,500
Speed Sign Trailer *7200 12,000 12,000
Mower Walk Behind *8511 4,500 4,500
Revolving Equip. Fund (F410) Total 732,034 97,640 1,692,100 1,348,750 984,300 4,854,824
Revolving Park Equip. Fund (F430)
Wilds Pkwy Reclamation *TRN25-000001 918,400 918,400
Misc Playground *PLAY 250,000 250,000 250,000 250,000 1,000,000
Memorial Parking Lots (2)*430-039 250,000 250,000
Cardinal Ridge Parking Lot *430-044 45,000 45,000
Grainwood Crossing Parking Lot *430-045 5,000 5,000
Crystal Lake Fishing Pier *430-049 22,000 22,000
Enclave BB Court Maintenance *430-050 15,000 15,000
Howard Lake BB Court Maintenance *430-051 15,000 15,000
Memorial Drinking Fountain *430-052 12,000 12,000
Woodridge Ballfield *430-054 10,000 10,000
Memorial Windscreen *430-025 7,000 7,000
Ponds Parking Lots (4), Entrance Road *430-069 2,500,000 2,500,000
Memorial Backstop, Batters Eye, Cages,
Dugouts *430-056 265,000 265,000
Memorial Concession Building *430-057 250,000 250,000
Ryan Backstop, Batters Eye, Cages,
Dugouts *430-059 145,000 145,000
Source Project #2025 2026 2027 2028 2029 Total
Produced Using Plan-It CIP Software
4.6
Sand Point Beach Renovation Study *430-030 100,000 100,000
Spring Lake Pickleball Courts *430-060 40,000 40,000
Memorial BB Court Maintenance *430-004 22,000 22,000
Knob Hill BB Court Maintenance *430-001 20,000 20,000
Oakland BB Court Maintenance *430-007 22,000 22,000
Willows BB Court Maintenance *430-011 20,000 20,000
Boudins BB Court Maintenance *430-006 20,000 20,000
Wilds North BB Court Maintenance *430-010 15,000 15,000
Revolving Park Equip. Fund (F430) Total 918,400 550,000 331,000 3,592,000 327,000 5,718,400
SMSC Cost Sharing
Martindale/Henning/Hickory
Reclamation *TRN25-000003 57,000 57,000
SMSC Cost Sharing Total 57,000 0 0 0 0 57,000
Utility: Sewer Fund (F604)
Lift Station Rehabilitation *604-4 709,000 412,000 327,000 429,000 345,000 2,222,000
SCADA Upgrade *604-5 500,000 500,000 500,000 500,000 500,000 2,500,000
Sewer Lining and I&I Program *604-1 454,500 468,000 482,000 496,000 511,000 2,411,500
Generators - Towable *8777 175,000 175,000
Wilds Pkwy Reclamation *TRN25-000001 65,800 65,800
Loader-Backhoe *8785 59,000 59,000
Skid Steer *8781 33,333 33,333
Truck-1 Ton *8758 30,000 30,000
Northwood Phase 1 *TRN26-000001 1,020,000 1,020,000
Northwood Phase 2 *TRN27-000001 700,000 700,000
Green Heights Area *TRN28-000001 1,890,000 1,890,000
Generators - Estate LS *GEN-Estate 125,000 125,000
Generators - Towable *8776 100,000 100,000
Sunset Hills Area *TRN29-000001 1,600,000 1,600,000
Generator - Franklin LS *GEN-Frank 125,000 125,000
Generator - Lime LS *GEN-Lime 125,000 125,000
Utility: Sewer Fund (F604) Total 2,026,633 2,400,000 2,009,000 3,540,000 3,206,000 13,181,633
Utility: Storm Water Fund (F602)
Wilds Pkwy Reclamation *TRN25-000001 479,800 479,800
Stormwater Pond Maintenance *602-3 212,000 218,000 225,000 232,000 239,000 1,126,000
Street Sweeper-Mechanical *8472 157,500 157,500
Maintenance Projects *602-7 150,000 150,000 150,000 150,000 150,000 750,000
Adelmann Street Pond *602-13 150,000 150,000
Martindale/Henning/Hickory Reclamation *TRN25-000003 150,000 150,000
Storm Water Pond Planning and
Prioritization *602-6 33,000 34,000 35,000 36,000 37,000 175,000
Local Surface Water Management Plan
(LSWMP)*602-2 0 0 0 0 50,000 50,000
2025-2030 MS4 Permit Update *602-14 0 0
Northwood Phase 1 *TRN26-000001 693,000 693,000
Northwood Phase 2 *TRN27-000001 360,000 360,000
Priorwood Street Channel / Pond Study *602-15 30,000 40,000 70,000
Green Heights Area *TRN28-000001 350,000 350,000
Street Sweeper-Regenerative *8471 141,250 141,250
Source Project #2025 2026 2027 2028 2029 Total
Produced Using Plan-It CIP Software
4.7
Sunset Hills Area *TRN29-000001 620,000 620,000
Shady Beach Trail Ravine *602-16 40,000 40,000
Utility: Storm Water Fund (F602) Total 1,332,300 1,095,000 800,000 949,250 1,136,000 5,312,550
Utility: Water Fund (F601)
Ventilators *440-137 100,000 100,000
Loader-Backhoe *8785 59,000 59,000
Well Rehab *601-1 57,500 60,000 50,000 52,000 65,000 284,500
Skid Steer *8781 33,333 33,333
Carpet *440-135 30,000 30,000
Truck-1 Ton *8758 30,000 30,000
Wilds Pkwy Reclamation *TRN25-000001 25,800 25,800
Water Treatment Facility Equip
Replacement *601-3 20,000 25,000 45,000
Rooftop Unit *440-136 20,000 20,000
Summit Booster *601-12 15,000 15,000
Tower Reconditioning *601-2 1,810,000 1,810,000
Northwood Phase 1 *TRN26-000001 1,150,000 1,150,000
Filter Media *601-7 425,000 425,000 850,000
140th Interconnect Repair *601-10 75,000 75,000
Northwood Phase 2 *TRN27-000001 650,000 650,000
Membrane Roofing *440-054 300,000 300,000
Green Heights Area *TRN28-000001 2,025,000 2,025,000
HVAC Control System *440-129 136,500 136,500
Light Fixtures (Interior/Exterior)*440-061 110,500 110,500
Overhead Doors 16x16 *440-060 75,000 75,000
HVAC Pumps *440-130 60,000 60,000
AC Condensing Unit *440-128 54,500 54,500
Indoor Air Handling *440-131 36,500 36,500
Roof Exhaust Fans *440-133 14,500 14,500
Pike Lake PRV *601-14 10,000 10,000
Sunset Hills Area *TRN29-000001 1,060,000 1,060,000
Chain Link Fence *440-069 47,500 47,500
Irrigation System *440-070 14,000 14,000
Jeffers PRV *601-13 7,500 7,500
Utility: Water Fund (F601) Total 390,633 3,520,000 1,425,000 2,574,500 1,219,000 9,129,133
GRAND TOTAL 14,741,650 18,748,500 13,245,140 16,628,200 12,086,900 75,450,390
Source Project #2025 2026 2027 2028 2029 Total
Produced Using Plan-It CIP Software
4.8
Produced Using Plan-It CIP Software
2025 through 2029
Transportation Plan Summary - Overlay
Prior Lake, MN
Projects & Source By Department
Department Project # 2025 2026 2027 2028 2029 Total
Streets: Overlay
Northwoods Phase 2 Mill and Overlay *PIR27-000001 990,000 990,000
G.O. SA Bonds - Overlay Assessment 285,000 285,000
G.O. SA Bonds - Project Levy 705,000 705,000
Source Grand Total 0 0 990,000 0 0 990,000
GRAND TOTAL 0 0 990,000 0 0 990,000
5.1
DRAFT
Produced Using Plan-It CIP Software
2025 through 2029
Transportation Plan Summary - Streets
Prior Lake, MN
Projects & Source By Department
Department Project # Priority 2025 2026 2027 2028 2029 Total
Streets: Transportation
Wilds Pkwy Reclamation *TRN25-000001 11 5,329,800 5,329,800
Martindale/Henning/Hickory Reclamation *TRN25-000003 11 1,030,000 1,030,000
Lords Street Bridge Rehab *TRN25-000002 11 300,000 300,000
Northwood Phase 1 *TRN26-000001 11 10,163,000 10,163,000
Northwood Phase 2 *TRN27-000001 11 5,350,000 5,350,000
CSAH 17 Expansion *TRN27-000002 11 200,000 200,000
Green Heights Area *TRN28-000001 11 6,590,000 6,590,000
Sunset Hills Area *TRN29-000001 11 7,445,000 7,445,000
Construction Fund (F501)594,000 594,000
Franchise Fees 805,000 1,115,000 1,151,000 1,389,000 1,152,000 5,612,000
G.O. SA Bonds - Project Assessment 841,400 1,000,000 340,000 225,000 415,000 2,821,400
G.O. SA Bonds - Project Levy 2,722,600 5,185,000 2,349,000 711,000 2,598,000 13,565,600
Revolving Park Equip. Fund (F430)918,400 918,400
SMSC Cost Sharing 57,000 57,000
Utility: Sewer Fund (F604)65,800 1,020,000 700,000 1,890,000 1,600,000 5,275,800
Utility: Storm Water Fund (F602)629,800 693,000 360,000 350,000 620,000 2,652,800
Utility: Water Fund (F601)25,800 1,150,000 650,000 2,025,000 1,060,000 4,910,800
Source Grand Total 6,659,800 10,163,000 5,550,000 6,590,000 7,445,000 36,407,800
GRAND TOTAL 6,659,800 10,163,000 5,550,000 6,590,000 7,445,000 36,407,800
5.2
DRAFT
Produced Using Plan-It CIP Software
2025 through 2029
Transportation Plan Detail
Prior Lake, MN
Project by Funding Sources and Department
Department Project # 2025 2026 2027 2028 2029 Total
Streets: Overlay
Northwoods Phase 2 Mill
and Overlay *PIR27-000001 0 0 990,000 0 0 990,000
G.O. SA Bonds - Overlay Assessment 285,000 285,000
G.O. SA Bonds - Project Levy 705,000 705,000
Streets: Overlay Total 0 0 990,000 0 0 990,000
Streets: Transportation
Wilds Pkwy Reclamation *TRN25-000001 1,099,000 0 0 0 0 1,099,000
Construction Fund (F501)594,000 594,000
Franchise Fees 505,000 505,000
Lords Street Bridge
Rehab *TRN25-000002 300,000 0 0 0 0 300,000
Franchise Fees 300,000 300,000
Northwood Phase 1 *TRN26-000001 0 1,115,000 0 0 0 1,115,000
Franchise Fees 1,115,000 1,115,000
Northwood Phase 2 *TRN27-000001 0 0 1,151,000 0 0 1,151,000
Franchise Fees 1,151,000 1,151,000
Green Heights Area *TRN28-000001 0 0 0 1,389,000 0 1,389,000
Franchise Fees 1,389,000 1,389,000
Sunset Hills Area *TRN29-000001 0 0 0 0 1,152,000 1,152,000
Franchise Fees 1,152,000 1,152,000
Wilds Pkwy Reclamation *TRN25-000001 556,400 0 0 0 0 556,400
G.O. SA Bonds - Project Assessment 556,400 556,400
Martindale/Henning/Hickory
Reclamation *TRN25-000003 285,000 0 0 0 0 285,000
G.O. SA Bonds - Project Assessment 285,000 285,000
Northwood Phase 1 *TRN26-000001 0 1,000,000 0 0 0 1,000,000
5.3
DRAFT
Produced Using Plan-It CIP Software
Department Project # 2025 2026 2027 2028 2029 Total
G.O. SA Bonds - Project Assessment 1,000,000 1,000,000
Northwood Phase 2 *TRN27-000001 0 0 340,000 0 0 340,000
G.O. SA Bonds - Project Assessment 340,000 340,000
Green Heights Area *TRN28-000001 0 0 0 225,000 0 225,000
G.O. SA Bonds - Project Assessment 225,000 225,000
Sunset Hills Area *TRN29-000001 0 0 0 0 415,000 415,000
G.O. SA Bonds - Project Assessment 415,000 415,000
Wilds Pkwy Reclamation *TRN25-000001 2,184,600 0 0 0 0 2,184,600
G.O. SA Bonds - Project Levy 2,184,600 2,184,600
Martindale/Henning/Hickory
Reclamation *TRN25-000003 538,000 0 0 0 0 538,000
G.O. SA Bonds - Project Levy 538,000 538,000
Northwood Phase 1 *TRN26-000001 0 5,185,000 0 0 0 5,185,000
G.O. SA Bonds - Project Levy 5,185,000 5,185,000
Northwood Phase 2 *TRN27-000001 0 0 2,149,000 0 0 2,149,000
G.O. SA Bonds - Project Levy 2,149,000 2,149,000
CSAH 17 Expansion *TRN27-000002 0 0 200,000 0 0 200,000
G.O. SA Bonds - Project Levy 200,000 200,000
Green Heights Area *TRN28-000001 0 0 0 711,000 0 711,000
G.O. SA Bonds - Project Levy 711,000 711,000
Sunset Hills Area *TRN29-000001 0 0 0 0 2,598,000 2,598,000
G.O. SA Bonds - Project Levy 2,598,000 2,598,000
Wilds Pkwy Reclamation *TRN25-000001 918,400 0 0 0 0 918,400
Revolving Park Equip. Fund (F430)918,400 918,400
Martindale/Henning/Hickory
Reclamation *TRN25-000003 57,000 0 0 0 0 57,000
SMSC Cost Sharing 57,000 57,000
Wilds Pkwy Reclamation *TRN25-000001 65,800 0 0 0 0 65,800
Utility: Sewer Fund (F604)65,800 65,800
Northwood Phase 1 *TRN26-000001 0 1,020,000 0 0 0 1,020,000
Utility: Sewer Fund (F604)1,020,000 1,020,000
Northwood Phase 2 *TRN27-000001 0 0 700,000 0 0 700,000
Utility: Sewer Fund (F604)700,000 700,000
5.4
DRAFT
Produced Using Plan-It CIP Software
Department Project # 2025 2026 2027 2028 2029 Total
Green Heights Area *TRN28-000001 0 0 0 1,890,000 0 1,890,000
Utility: Sewer Fund (F604)1,890,000 1,890,000
Sunset Hills Area *TRN29-000001 0 0 0 0 1,600,000 1,600,000
Utility: Sewer Fund (F604)1,600,000 1,600,000
Wilds Pkwy Reclamation *TRN25-000001 479,800 0 0 0 0 479,800
Utility: Storm Water Fund (F602)479,800 479,800
Martindale/Henning/Hickory
Reclamation *TRN25-000003 150,000 0 0 0 0 150,000
Utility: Storm Water Fund (F602)150,000 150,000
Northwood Phase 1 *TRN26-000001 0 693,000 0 0 0 693,000
Utility: Storm Water Fund (F602)693,000 693,000
Northwood Phase 2 *TRN27-000001 0 0 360,000 0 0 360,000
Utility: Storm Water Fund (F602)360,000 360,000
Green Heights Area *TRN28-000001 0 0 0 350,000 0 350,000
Utility: Storm Water Fund (F602)350,000 350,000
Sunset Hills Area *TRN29-000001 0 0 0 0 620,000 620,000
Utility: Storm Water Fund (F602)620,000 620,000
Wilds Pkwy Reclamation *TRN25-000001 25,800 0 0 0 0 25,800
Utility: Water Fund (F601)25,800 25,800
Northwood Phase 1 *TRN26-000001 0 1,150,000 0 0 0 1,150,000
Utility: Water Fund (F601)1,150,000 1,150,000
Northwood Phase 2 *TRN27-000001 0 0 650,000 0 0 650,000
Utility: Water Fund (F601)650,000 650,000
Green Heights Area *TRN28-000001 0 0 0 2,025,000 0 2,025,000
Utility: Water Fund (F601)2,025,000 2,025,000
Sunset Hills Area *TRN29-000001 0 0 0 0 1,060,000 1,060,000
Utility: Water Fund (F601)1,060,000 1,060,000
Streets: Transportation Total 6,659,800 10,163,000 5,550,000 6,590,000 7,445,000 36,407,800
GRAND TOTAL 6,659,800 10,163,000 6,540,000 6,590,000 7,445,000 37,397,800
5.5
DRAFT
CITY OF PRIOR LAKE
PIR Revolving Fund F450
2025 2026 2027 2028 2029
Preliminary
Budget
Projected Projected Projected Projected
REVENUE AND OTHER SOURCES
Taxes - - - - 25,000
Special assessments 298,642 264,550 340,927 294,185 283,466
Investment income 4,985 12,781 10,433 9,942 10,867
Bonds issued (incl prem/disc) city portion - - 1,020,000 - -
Transfers in
Construction Fund (F501)300,000 - - 350,000 -
Total Revenues and Other Fund Sources 603,627 277,331 1,371,360 654,127 319,333
EXPENDITURES AND OTHER USES
Capital Outlay - - (990,000) - -
Cost of issuance of bonds - - (30,000) - -
Transfers out to debt service funds (369,736) (371,250) (371,000) (617,160) (600,205)
Total Expenditures and Other Uses (369,736) (371,250) (1,391,000) (617,160) (600,205)
CHANGE IN FUND BALANCE 233,891 (93,919) (19,640) 36,967 (280,872)
Beginning Fund Balance 277,366 511,257 417,337 397,698 434,664
Ending Fund Balance 511,257 417,337 397,698 434,664 153,793
5.6
DRAFT
CITY OF PRIOR LAKE
Construction Fund F501
2025 2026 2027 2028 2029
Preliminary
Budget
Projected Projected Projected Projected
REVENUE AND OTHER SOURCES
Franchise fees 1,105,000 1,115,000 1,125,000 1,137,000 1,152,000
Investment income 36,225 7,076 7,253 6,784 6,525
Bonds issued (incl prem/disc) city portion 3,418,200 5,340,089 2,214,618 733,029 2,677,328
Bonds issued (incl prem/disc) assessment portion 866,800 1,029,911 555,382 231,971 427,672
Transfers in
Water Fund (F601)25,800 1,150,000 650,000 2,025,000 1,060,000
Water Quality Fund (F602)630,000 693,000 360,000 350,000 620,000
Sewer Fund (F604)65,000 1,020,000 700,000 1,890,000 1,600,000
Revolving Park Equipment Fund (F430)920,000 - - - -
Total Revenues and Other Fund Sources 7,067,025 10,355,076 5,612,253 6,373,784 7,543,525
EXPENDITURES AND OTHER USES
Capital Outlay (6,659,800) (10,163,000) (5,550,000) (6,590,000) (7,445,000)
Cost of issuance of bonds (151,000) (185,000) (81,000) (29,000) (92,000)
Transfers out to other funds (300,000) - - (350,000) -
Total Expenditures and Other Uses (7,110,800) (10,348,000) (5,631,000) (6,969,000) (7,537,000)
CHANGE IN FUND BALANCE (43,775) 7,076 (18,747) (595,216) 6,525
Beginning Fund Balance 326,805 283,030 290,106 271,359 (323,857)
Ending Fund Balance 283,030 290,106 271,359 (323,857) (317,332)
5.7
DRAFT
CAMPBELL
LAKE
SPRING LAKE
BLIND
LAKE
CLEARY LAKE
HAAS
LAKE
LOWER
PRIOR LAKE
JEFFERS
POND
O'DOWD
LAKE
PIKE
LAKE
MYSTIC
LAKE
CATES
LAKE
ARCTIC
LAKE
HOWARD
LAKE
UPPER
PRIOR LAKE
BELM O N T AVE
NW
CLE
ARY
T
R
LSE
G
L
E
N
D
A
L
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AV
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S
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CONN E L L Y P K W Y
RUT GER SST
N E
JENNIF
E
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PI
K
E
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A
K
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R
D
CRO
S
S
A
N
D
RAST
S
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VI C TO R I A
C U RV S E
TUR NER
DRSW
JE
F
F
E
RSPASS
N W
Q
UE
B
E
C
AV
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WILDE
R
N
ESS
TR
L
S
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VALLEY
V
IEW
R
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MAIN
A
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S E
S
U
M
T
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A
V
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150TH ST W
WIL D S
P
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NW
STE M M E RRID
G
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NW
N ORTON D R
G
L
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LORDS
S
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150TH S T S E
GR
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TRL S E
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SHADY BE ACH
T RL
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170TH ST E
M
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S
H
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O
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C O A C H M A N LN
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DULU
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BALSAM
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WAY SE
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VILLA G E
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W O OD S IDE
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PENNSYLVA NIA
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A
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21ST
A
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TORO
NTO
AV
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SE
FA
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V
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WO
O D DUC
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TRL
NW
PLEASANT ST SE
C
A
RRIA G E HIL
L
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RIDGE
M
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CR
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NLIN
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NE
157TH
ST
1 5 8 T H ST
SUNRAY
BLV
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5B
DRAFT
DRAFT
CITY OF PRIOR LAKE, MN
2022 to 2026 STREET RECONSTRUCTION PLAN
DRAFT AS OF AUGUST 16, 2021
5.9
DRAFT
City of Prior Lake, MN
2022 to 2026 Street Reconstruction Plan
I.Introduction
The City of Prior Lake (the “City”) historically has conducted street maintenance and
reconstruction as part of its annual operational budget or as part of a street improvement
capital improvement project. The maintenance and reconstruction have included seal
coating, mill and overlay, complete reconstruction, and other such items incidental to the
maintenance of city streets. The City finds that it does not always have the resources for
reconstructing streets as quickly as required, due to increased need for major
reconstruction projects.
Due to this fact, the City has in the past and plans to in the future finance a portion of its
street reconstruction through the issuance of General Obligation Street Reconstruction
Bonds.
II.Statutory Authority and Requirements
Minnesota Statutes, Section 475.58, Subdivision 3b (the “Act”) authorizes Minnesota cities to
adopt a Street Reconstruction Plan. The Plan must cover at least a five-year period and set
forth the streets to be reconstructed, the estimated costs, and any planned reconstruction of
other streets in the municipality over the next five years.
Street Reconstruction Bonds can be used to finance the reconstruction and bituminous
overlay of existing city streets. Eligible improvements may include turn lanes, bicycle lanes,
sidewalks, paths, and other improvements having a substantial public safety function,
realignments, other modifications to intersect with state and county roads, and the local
share of state and county road projects. Except in the case of turn lanes, bicycle lanes,
sidewalks, paths, and other safety improvements, realignments, intersection modifications,
and the local share of state and county road projects, street reconstruction does not include
the portion of project cost allocable to widening a street or adding curbs and gutters where
none previously existed. Street Reconstruction Bonds are subject to the debt limit.
The Act sets forth specific requirements for the issuance of Street Reconstruction Bonds,
which are as follows:
•The projects financed under this authority must be described in a street reconstruction
plan, as described above.
•The city must publish notice of and hold a public hearing on the proposed plan and
the related issuance of bonds. The notice must be published at least ten days but not
more than 28 days prior to the hearing date.
•The Plan must be approved by a vote of a two-thirds majority of the members of the
governing body present at the meeting following a public hearing.
5
DRAFT
•The issuance of bonds is subject to a reverse referendum. An election is required if
voters equal to 5% of the votes cast in the last municipal general election file a petition
with the city clerk within 30 days of the public hearing. If the city decides not to
undertake an election, it may not propose the issuance of Street Reconstruction Bonds
for the same purpose and in the same amount for a period of 365 days from the date of
receipt of the petition. If the question of issuing the bonds is submitted and not
approved by the voters, the provisions of section 475.58, subdivision 1a, shall apply
(no resubmission for same purpose/amount for 180 days).
III.History and Existing Street Reconstruction Bonds
At the time of the approval of the Plan, the following Street Reconstruction (issued
under Chapter 475) were outstanding:
IV.Net Debt Limits
Minnesota Statutes Section 475.53, Subd. 1 states that no municipality, except a school
district or a city of the first class, shall incur or be subject to a net debt in excess of three
percent of the market value of taxable property in the municipality.
Bonds issued under the authority granted by this Street Reconstruction Plan are subject to
the net debt limit restriction described above. The net debt capacity for the City at time of
approval of the Original Plan is shown below under Statutory Debt Limit.
Statutory Debt Limit
Minnesota Statutes, Section 475.53 states that a city or county may not incur or be subject to
a net debt in excess of three percent (3%) of its estimated market value. Net debt is, with
limited exceptions, debt paid solely from ad valorem taxes.
Bond Issue Amount Outstanding
$3,240,000 G.O. Bonds, Series 2011A $ 55,000
$3,240,000 G.O. Bonds, Series 2013A 150,000
$2,490,000 G.O. Taxable Bonds, Series 2015B 715,000
$3,505,000 G.O. Bonds, Series 2016A 215,000
$8,270,000 G.O. Bonds, Series 2018A 1,095,000
$2,065,000 G.O. Bonds, Series 2019A 1,365,000
$5,760,000 G.O. Bonds, Series 2021A 2,400,000
Total Outstanding Street Reconstruction Bonds $ 5,995,000
5
DRAFT
At time of approval of the proposed Plan the City’s Statutory Debt Limit is as follows:
Computation of Legal Debt Margin as of June 2, 2021:
2020/2021 Estimated Market Value $ 4,190,057,200
Multiplied by 3% x .03
Statutory Debt Limit $ 125,701,716
Outstanding debt applicable to debt limit:
$3,240,000 G.O. Bonds, Series 2011A $ 55,000
$3,240,000 G.O. Bonds, Series 2013A 150,000
$2,490,000 Taxable G.O. Bonds, Series 2015B 715,000
$3,630,000 G.O. Bonds, Series 2016A 395,000
$4,505,000 G.O. Bonds, Series 2017A 220,000
$8,720,000 G.O. Bonds, Series 2018A 2,010,000
$2,065,000 G.O. Bonds, Series 2019A 1,565,000
$5,760,000 G.O. Bonds, Series 2021A 5,390,000
$5,870,000 G.O. Bonds, Series 2021B 5,870,000
Less outstanding debt applicable to debt limit: $ 16,370,000
Legal debt margin $ 109,331,716
The Plan provides for the issuance of a not to exceed amount of $15,990,000 in General
Obligation Street Reconstruction Bonds between January 1, 2022 and December 31, 2026.
This amount includes estimated cost of issuance of bonds, capitalized interest and rounding.
The proposed bond issuance is within the current City’s Legal Debt Margin, as of the date of
adoption of the Plan.
V.Proposed Street Reconstruction and Cost Estimate
The Plan is detailed in Table A. The City reserves the right to adjust the amount of annual
spending between years provided the overall not to exceed amount in the Plan is not
increased.
5.12
DRAFT
CITY OF PRIOR LAKE 2022-2026
STREET RECONSTRUCTION PLAN
AMOUNTS
January 1, 2022 through December 31, 2022
Downtown South Reconstruction 2,320,000$
CSAH 21 (CH87 to 170th St)1,060,000$
TOTAL 2022 3,380,000$
January 1, 2023 through December 31, 2023
Fish Point Road Reconstruction (Phase II) 510,000$
TOTAL 2023 510,000$
January 1, 2024 through December 31, 2024
The Wilds/Jeffers Developments Mill and Overlay 6,620,000$
TOTAL 2024 6,620,000$
January 1, 2025 through December 31, 2025
Wilds Parkway Reclamation 4,710,000$
TOTAL 2025 4,710,000$
January 1, 2026 through December 31, 2026 $0
GRAND TOTAL (1/1/2022 THROUGH 12/31/2026)15,220,000
Bond Issuance Costs, Capitalized Interest, and Rounding $770,000
GRAND TOTAL $15,990,000
TABLE A
5.13
DRAFT
CITY OF PRIOR LAKE
Pavement Management Plan (Street Overlay Fund 450 and Construction Fund 501)
2025 2026 2027 2028 2029
Preliminary
Budget
Projected Projected Projected Projected
REVENUE AND OTHER SOURCES
Taxes - - - - 25,000
Franchise fees 1,105,000 1,115,000 1,125,000 1,137,000 1,152,000
Special assessments 298,642 264,550 340,927 294,185 283,466
Investment income 41,210 19,857 17,686 16,726 17,392
Bonds issued (incl prem/disc) city portion 3,418,200 5,340,089 3,234,618 733,029 2,677,328
Bonds issued (incl prem/disc) assessment portion 866,800 1,029,911 555,382 231,971 427,672
Transfers in
Construction Fund (F501)300,000 - - 350,000 -
Water Fund (F601)25,800 1,150,000 650,000 2,025,000 1,060,000
Water Quality Fund (F602)630,000 693,000 360,000 350,000 620,000
Sewer Fund (F604)65,000 1,020,000 700,000 1,890,000 1,600,000
Revolving Park Equipment Fund (F430)920,000 - - - -
Total Revenues and Other Fund Sources 7,670,652 10,632,407 6,983,613 7,027,911 7,862,858
EXPENDITURES AND OTHER USES
Capital Outlay (6,659,800) (10,163,000) (6,540,000) (6,590,000) (7,445,000)
Cost of issuance of bonds (151,000) (185,000) (111,000) (29,000) (92,000)
Transfers out to other funds (300,000) - - (350,000) -
Transfers out to debt service funds (369,736) (371,250) (371,000) (617,160) (600,205)
Total Expenditures and Other Uses (7,480,536) (10,719,250) (7,022,000) (7,586,160) (8,137,205)
CHANGE IN FUND BALANCE 190,116 (86,843) (38,387) (558,249) (274,347)
Beginning Fund Balance 604,171 794,287 707,443 669,057 110,807
Ending Fund Balance 794,287 707,443 669,057 110,807 (163,539)
5.14
DRAFT
Produced Using Plan-It CIP Software
2025 through 2029
Equipment Replacement Plan
Prior Lake, MN
Projects by Category And Department
Department
Category Project # 2025 2026 2027 2028 2029 Total
Central Garage
Equipment: Miscellaneous
Refurbishing *REFUR 20,000 20,000 20,000 20,000 20,000 100,000
Equipment: Miscellaneous Total 20,000 20,000 20,000 20,000 20,000 100,000
Central Garage Total 20,000 20,000 20,000 20,000 20,000 100,000
Elections
I.T.- General Equipment
Tabulators - qty 2 *ELEC-002 20,000 20,000
I.T.- General Equipment Total 0 0 20,000 0 0 20,000
Elections Total 0 0 20,000 0 0 20,000
Engineering
Equipment: Pick Ups/Vans
Truck-1 Ton *6399 55,000 55,000
Equipment: Pick Ups/Vans Total 0 0 0 0 55,000 55,000
Engineering Total 0 0 0 0 55,000 55,000
6.1
DRAFT
Produced Using Plan-It CIP Software
Department
Category Project # 2025 2026 2027 2028 2029 Total
Fire
Equipment: Apparatus
Fire Ladder Truck *9280 1,369,540 1,369,540
Equipment: Apparatus Total 0 0 1,369,540 0 0 1,369,540
Equipment: First Response
Chief 1 Explorer *9200 55,000 55,000
Equipment: First Response Total 0 55,000 0 0 0 55,000
Equipment: Other
UTV *9275 47,000 47,000
Equipment: Other Total 0 0 47,000 0 0 47,000
Fire Total 0 55,000 1,416,540 0 0 1,471,540
Parks
Equipment: Attachments
Skid Steer U-Blade *8260 1,600 1,600
Disc *8266 0 0
Skid Steer Snow Bucket *8256 0 0
Skid Steer Snow Bucket *8257 0 0
Stump Grinder *8272 12,000 12,000
Aerovator Seeder *8269 15,000 15,000
Tractor Snow Blower *8270 13,000 13,000
Tiller *8268 9,000 9,000
Fertilizer Spreader *8267 8,500 8,500
Aerovator *8265 16,000 16,000
Landpride Drop Seeder *8264 16,000 16,000
Equipment: Attachments Total 1,600 0 12,000 45,500 32,000 91,100
Equipment: Loaders/Skid Steers
Skid Steer - Tracks *8502 75,000 75,000
Forklift *8558 17,000 17,000
Skid Steer - Wheels *8501 74,000 74,000
Equipment: Loaders/Skid Steers Total 0 0 92,000 74,000 0 166,000
Equipment: Pick Ups/Vans
6.2
DRAFT
Produced Using Plan-It CIP Software
Department
Category Project # 2025 2026 2027 2028 2029 Total
Truck 1 Ton Dump *8546 120,000 120,000
Truck 1 Ton Dump *8547 120,000 120,000
Truck-1 Ton *8548 90,000 90,000
Truck-1 Ton *8540 58,000 58,000
Truck 1/2 Ton - Sanitation *8508 45,000 45,000
Pickup 1/2 Ton *8541 50,000 50,000
Pick-Up 1/2 Ton *8319 50,000 50,000
Equipment: Pick Ups/Vans Total 0 388,000 45,000 0 100,000 533,000
Equipment: Trailers
Trailer-Small Enclosed *8529 3,000 3,000
Trailer-Small *8530 6,000 6,000
Equipment: Trailers Total 0 0 3,000 6,000 0 9,000
Equipment: Turf Care
Utility Vehicle-Field Groomer *8537 34,000 34,000
Utility Vehicle *8539 34,000 34,000
Mower-16FT *8504 155,000 155,000
Utility Vehicle *8536 35,000 35,000
Utility Vehicle-Water Tank *8538 31,500 31,500
Mower-6FT *8523 50,000 50,000
Mower Walk Behind *8511 4,500 4,500
Equipment: Turf Care Total 34,000 34,000 221,500 50,000 4,500 344,000
Equipment: Utility Equp.
Electric Scissor Lift *8551 20,000 20,000
Equipment: Utility Equp. Total 0 0 20,000 0 0 20,000
Parks Total 35,600 422,000 393,500 175,500 136,500 1,163,100
Police
Equipment: Emerg. Sirens
2005 Siren@14998 Wilds Pkwy NW *PD-Siren13 46,600 46,600
2006 Siren@1546 Belmont Ave NW *PD-Siren14 46,600 46,600
2007 Siren@1500 Spring Lake Cir., Jordan *PD-Siren15 46,600 46,600
Equipment: Emerg. Sirens Total 46,600 46,600 46,600 0 0 139,800
6.3
DRAFT
Produced Using Plan-It CIP Software
Department
Category Project # 2025 2026 2027 2028 2029 Total
Equipment: Other
Speed Sign Trailer *7200 12,000 12,000
Equipment: Other Total 0 0 0 0 12,000 12,000
Equipment: Squads
Squads-Marked *Multiple 3 260,000 284,000 544,000
Squads-Marked *Multiple 1 268,000 292,000 560,000
PD Admin *7135 50,000 50,000
Squads-Marked *Multiple 2 276,000 276,000
Squad New *7116 69,000 69,000
Chief *7131 55,000 55,000
SWAT Van *7133 55,000 55,000
Commander *7136 50,000 50,000
Equipment: Squads Total 260,000 318,000 345,000 394,000 342,000 1,659,000
Police Total 306,600 364,600 391,600 394,000 354,000 1,810,800
Streets
Equipment: Attachments
Skid Steer Trailer Mover *8254 0 0
Skid Steer Manhole Cutter *8261 27,500 27,500
Message Board *8275 14,500 14,500
Equipment: Attachments Total 0 0 27,500 0 14,500 42,000
Equipment: Dump Trucks
Truck-5 Ton-Dump-Single Axle *8466 120,000 190,000 310,000
Truck-9 Ton-Dump-Tandem *8464 150,000 210,000 360,000
Truck-5 Ton-Dump-Single Axle *8467 130,000 200,000 330,000
Truck-5 Ton-Dump *8468 135,000 220,000 355,000
Truck-5 Ton-Dump *8469 135,000 220,000 355,000
Hook Truck *8521 180,000 180,000
Truck-9 Ton Dump Tandem *8465 180,000 180,000
Equipment: Dump Trucks Total 120,000 470,000 680,000 440,000 360,000 2,070,000
Equipment: Emergency Power
Generator - PD *GEN-PD 125,000 125,000
6.4
DRAFT
Produced Using Plan-It CIP Software
Department
Category Project # 2025 2026 2027 2028 2029 Total
Equipment: Emergency Power Total 0 125,000 0 0 0 125,000
Equipment: Loaders/Skid Steers
Loader-Backhoe *8785 177,000 177,000
Skid Steer *8781 100,000 100,000
Loader Wheel *8789 350,000 350,000
Equipment: Loaders/Skid Steers Total 277,000 350,000 0 0 0 627,000
Equipment: Miscellaneous
Pressure Washer - Wash Bay *8000 7,500 7,500
Equipment: Miscellaneous Total 0 0 7,500 0 0 7,500
Equipment: Pick Ups/Vans
Truck-1.5 Ton-Dump *8452 125,000 125,000
Pickup 1.5 Ton Dump New *8550 130,000 130,000
Equipment: Pick Ups/Vans Total 0 0 125,000 130,000 0 255,000
Equipment: Street/Sidewalk
Street Sweeper-Mechanical *8472 315,000 315,000
Street Sweeper-Regenerative *8471 282,500 282,500
Hot Patcher *8429 48,000 48,000
Asphalt Roller *8474 28,800 28,800
Equipment: Street/Sidewalk Total 315,000 0 0 330,500 28,800 674,300
Equipment: Trailers
Trailer *8479 11,500 11,500
Trailer *8482 15,500 15,500
Equipment: Trailers Total 0 11,500 0 0 15,500 27,000
Streets Total 712,000 956,500 840,000 900,500 418,800 3,827,800
GRAND TOTAL 1,074,200 1,818,100 3,081,640 1,490,000 984,300 8,448,240
6.5
DRAFT
CITY OF PRIOR LAKE
Revolving Equip Fund F410
2025 2026 2027 2028 2029
Preliminary
Budget
Projected Projected Projected Projected
REVENUE AND OTHER SOURCES
Taxes 875,000 925,000 975,000 1,075,000 1,145,000
Charges for services - 56,000 56,000 56,000 56,000
Investment income 12,716 13,643 36,057 20,442 15,509
Bonds issued (incl prem/disc) city portion - 1,770,000 1,410,000 - -
Transfers in
Water Fund (F601)92,333 - - - -
Water Quality Fund (F602 157,500 - - 141,250 -
Sewer Fund (F604)92,333 - - - -
Total Revenues and Other Fund Sources 1,229,882 2,764,643 2,477,057 1,292,692 1,216,509
EXPENDITURES AND OTHER USES
Capital Outlay (1,074,200) (1,818,100) (3,061,640) (1,490,000) (984,300)
Cost of issuance of bonds - (50,000) (40,000) - -
Total Expenditures and Other Uses (1,074,200) (1,868,100) (3,101,640) (1,490,000) (984,300)
CHANGE IN FUND BALANCE 155,682 896,543 (624,583) (197,308) 232,209
Beginning Fund Balance 390,039 545,721 1,442,264 817,681 620,373
Ending Fund Balance 545,721 1,442,264 817,681 620,373 852,582
6.6
DRAFT
Produced Using Plan-It CIP Software
2025 through 2029
Park Plan
Prior Lake, MN
Projects by Category And Department
Department
Category Project #2025 2026 2027 2028 2029 Total
Parks: Projects
New Park Development
TH 13 Trail Segment 1 (CR42 to Oakland)*PRK24-000001 2,500,000 2,500,000
TH 13 Trail Segment 2 *PRK26-000001 1,600,000 1,600,000
Future Neighborhood Park Development *225-001 550,000 550,000
New Park Development Total 2,500,000 1,600,000 0 0 550,000 4,650,000
Park Replacement
Ponds Park Ph II *PRK25-000001 1,000,000 1,000,000
Ryan BB Court Maintenance *430-036 30,000 30,000
Misc Playground *PLAY 250,000 250,000 250,000 250,000 1,000,000
Memorial Parking Lots (2)*430-039 250,000 250,000
Cardinal Ridge Parking Lot *430-044 45,000 45,000
Grainwood Crossing Parking Lot *430-045 5,000 5,000
Crystal Lake Fishing Pier *430-049 22,000 22,000
Enclave BB Court Maintenance *430-050 15,000 15,000
Howard Lake BB Court Maintenance *430-051 15,000 15,000
Memorial Drinking Fountain *430-052 12,000 12,000
Woodridge Ballfield *430-054 10,000 10,000
Memorial Windscreen *430-025 7,000 7,000
Ponds Parking Lots (4), Entrance Road *430-069 2,500,000 2,500,000
Memorial Backstop, Batters Eye, Cages, Dugouts *430-056 265,000 265,000
Memorial Concession Building *430-057 250,000 250,000
Ryan Backstop, Batters Eye, Cages, Dugouts *430-059 145,000 145,000
Sand Point Beach Renovation Study *430-030 100,000 100,000
Spring Lake Pickleball Courts *430-060 40,000 40,000
Memorial BB Court Maintenance *430-004 22,000 22,000
Knob Hill BB Court Maintenance *430-001 20,000 20,000
Oakland BB Court Maintenance *430-007 22,000 22,000
Produced Using Plan-It CIP Software
Department
Category Project # 2025 2026 2027 2028 2029 Total
Boudins BB Court Maintenance *430-006 20,000 20,000
Willows BB Court Maintenance *430-011 20,000 20,000
Wilds North BB Court Maintenance *430-010 15,000 15,000
Park Replacement Total 1,030,000 550,000 331,000 3,592,000 327,000 5,830,000
Parks: Projects Total 3,530,000 2,150,000 331,000 3,592,000 877,000 10,480,000
GRAND TOTAL 3,530,000 2,150,000 331,000 3,592,000 877,000 10,480,000
7.2
DRAFT
CITY OF PRIOR LAKE
Capital Park Fund F225
2025 2026 2027 2028 2029
Preliminary
Budget
Projected Projected Projected Projected
REVENUE AND OTHER SOURCES
Intergovernmental 1,000,000 1,000,000 - - -
Charges for services 300,000 375,000 468,750 468,750 468,750
Lease income 24,000 24,000 24,000 24,000 24,000
Investment income 33,274 12,174 7,454 19,959 32,776
Total Revenues and Other Fund Sources 1,357,274 1,411,174 500,204 512,709 525,526
EXPENDITURES AND OTHER USES
Capital Outlay (2,500,000) (1,600,000) - - (550,000)
Total Expenditures and Other Uses (2,500,000) (1,600,000) - - (550,000)
CHANGE IN FUND BALANCE (1,142,726) (188,826) 500,204 512,709 (24,474)
Beginning Fund Balance 1,629,692 486,966 298,140 798,344 1,311,053
Ending Fund Balance 486,966 298,140 798,344 1,311,053 1,286,579
7.3
DRAFT
CITY OF PRIOR LAKE
Revolving Park Equip Fund F430
2025 2026 2027 2028 2029
Preliminary
Budget
Projected Projected Projected Projected
REVENUE AND OTHER SOURCES
Taxes 535,000 595,000 655,000 705,000 755,000
Investment income 29,063 14,262 15,743 24,237 15,168
Bonds issued (incl prem/disc) city portion 1,030,000 - - 2,575,000 -
Total Revenues and Other Fund Sources 1,594,063 609,262 670,743 3,304,237 770,168
EXPENDITURES AND OTHER USES
Capital Outlay (1,030,000) (550,000) (331,000) (3,592,000) (327,000)
Cost of issuance of bonds - - - (75,000) -
Transfers out to other funds (920,000) - - - -
Total Expenditures and Other Uses (1,950,000) (550,000) (331,000) (3,667,000) (327,000)
CHANGE IN FUND BALANCE (355,937) 59,262 339,743 (362,763) 443,168
Beginning Fund Balance 926,410 570,473 629,735 969,478 606,715
Ending Fund Balance 570,473 629,735 969,478 606,715 1,049,883
7.4
DRAFT
Produced Using Plan-It CIP Software
2025 through 2029
Facilities Management Plan
Prior Lake, MN
Projects by Category And Department
Department
Category Project # 2025 2026 2027 2028 2029 Total
Facilities
Facil: City Hall
Front Desk Remodel *440-201 130,000 130,000
Project Development for 2026 Imp *440-189 98,000 79,000 79,000 256,000
Vav Boxes *440-032 393,000 393,000
Carpet *440-038 281,000 281,000
Chiller *440-095 171,500 171,500
Air Handler (2)*440-094 145,500 145,500
Bell and Gosset Pumps (2)*440-091 66,000 66,000
Brick Wallcovering / Cherrywood Paneling *440-088 25,000 25,000
Cabinet Unit Heater *440-092 23,500 23,500
Resiliant Flooring *440-089 23,000 23,000
Tile Walls *440-090 17,000 17,000
Coiling Doors *440-037 16,500 16,500
Greenheck Exhaust (2)*440-093 14,000 14,000
Glass Doors *440-034 12,000 12,000
Miscellaneous *440-096 6,500 6,500
Facil: City Hall Total 0 228,000 79,000 1,273,500 0 1,580,500
Facil: Fire Station #1
Rooftop Unit *440-031 147,500 147,500
Windows - Aluminum *440-084 70,000 70,000
Facil: Fire Station #1 Total 147,500 0 0 0 70,000 217,500
Facil: Fire Station #2
Make-Up Air Unit *440-125 60,000 60,000
Air Exchanger *440-124 20,000 20,000
Exhaust Fan (2)*440-123 15,000 15,000
Epoxy Flooring *440-059 82,000 82,000
8.1
DRAFT
Produced Using Plan-It CIP Software
Department
Category Project # 2025 2026 2027 2028 2029 Total
Overhead Doors 14x14 *440-056 32,500 32,500
Carpet *440-012 30,000 30,000
Irrigation System *440-055 14,000 14,000
Miscellaneous *440-126 14,000 14,000
Pressure Washer (2 Stations)*440-057 11,500 11,500
Facil: Fire Station #2 Total 0 0 95,000 184,000 0 279,000
Facil: Lakefront Pavilion
Roof Replacement *440-196 100,000 100,000
Facil: Lakefront Pavilion Total 0 0 0 100,000 0 100,000
Facil: Library & Club Prior
Parking Lots *440-026 300,000 300,000
HVAC Control System *440-052 131,500 131,500
Air Handling Unit - Trane *440-110 97,000 97,000
Windows - Aluminum *440-066 180,500 180,500
Carpet *440-112 86,000 86,000
Condensing Unit *440-064 75,000 75,000
Light Fixtures *440-065 63,000 63,000
Wall Coverings *440-113 10,500 10,500
Tile Walls *440-067 9,100 9,100
Restroom Exhaust Fan *440-111 5,500 5,500
Facil: Library & Club Prior Total 300,000 0 228,500 0 429,600 958,100
Facil: Maintenance Ctr.
Room Divider *440-042 0 0
Facil: Maintenance Ctr. Total 0 0 0 0 0 0
Facil: Police Station
Parking / Safety Enhancements *440-087 300,000 300,000
Project Development for 2026 Imp *440-192 53,000 49,000 49,000 151,000
Carpet *440-185 120,000 120,000
Epoxy Flooring *440-107 85,000 85,000
Wall Coverings *440-191 50,000 50,000
Membrane Roofing *440-029 310,000 310,000
VAV Boxes *440-106 208,000 208,000
Air Handler - McQuay *440-104 79,000 79,000
8.2
DRAFT
Produced Using Plan-It CIP Software
Department
Category Project # 2025 2026 2027 2028 2029 Total
Front Entry Security Update *440-101 40,000 40,000
Bell and Gosset Pump *440-102 19,000 19,000
Greenheck Exhaust (2)*440-103 14,000 14,000
Overhead Coiling Door (2)*440-047 8,000 8,000
Facil: Police Station Total 300,000 53,000 304,000 727,000 0 1,384,000
Facilities Total 747,500 281,000 706,500 2,284,500 499,600 4,519,100
GRAND TOTAL 747,500 281,000 706,500 2,284,500 499,600 4,519,100
8.3
DRAFT
CITY OF PRIOR LAKE
Facilities Mgmt Fund F440
2025 2026 2027 2028 2029
Preliminary
Budget
Projected Projected Projected Projected
REVENUE AND OTHER SOURCES
Taxes 255,000 305,000 355,000 405,000 455,000
Intergovernmental 47,000 - - - -
Investment income 26,446 17,388 19,922 12,683 16,063
Bonds issued (incl prem/disc) city portion 515,000 - - 2,060,000 -
Transfers in
Water Fund (F601)- 30,000 21,000 1,000 2,000
Sewer Fund (F604)- 30,000 21,000 1,000 2,000
Total Revenues and Other Fund Sources 843,446 382,388 416,922 2,479,683 475,063
EXPENDITURES AND OTHER USES
Capital Outlay (747,500) (281,000) (706,500) (2,284,500) (499,600)
Cost of issuance of bonds (15,000) - - (60,000) -
Total Expenditures and Other Uses (762,500) (281,000) (706,500) (2,344,500) (499,600)
CHANGE IN FUND BALANCE 80,946 101,388 (289,578) 135,183 (24,537)
Beginning Fund Balance 614,564 695,510 796,898 507,320 642,503
Ending Fund Balance 695,510 796,898 507,320 642,503 617,966
8.4
DRAFT
CITY OF PRIOR LAKE, MN
2025 to 2029 CAPITAL IMPROVEMENT PLAN
August 14, 2024
Adopted ______________, 2024
8.5
DRAFT
CITY OF PRIOR LAKE
2025-2029 CAPITAL IMPROVEMENT PLAN
I.INTRODUCTION
In 2003, the Minnesota State Legislature adopted a statute that generally exempts city and town
general obligation bonds issued under a capital improvement plan from the referendum
requirements usually required for city halls, public works, public safety facilities and libraries.
The statute on general obligation capital improvement plan bonds is Minnesota Statutes,
Section 475.521 (the “Act”).
On August 14, 2024, the City Council held a public hearing on the adoption of the 2025-2029
Capital Improvement Plan and the issuance of general obligation improvement bonds.
On August 14, 2024, the City Council adopted Resolution No. 24-_____ approving the 2025-
2029 Capital Improvement Plan (the “CIP”). The approved 2025-2029 Capital Improvement
Plan anticipates the issuance of general obligation bonds to finance certain facilities
improvements as described in the CIP.
In order for the City of Prior Lake (the “City”) to proceed to issue general obligation bonds,
pursuant to the Act, the City must make certain findings. These findings are included in this
document.
II.PURPOSE
Under the Act, a capital improvement is a major expenditure of City funds for the acquisition
or betterment to public lands, buildings, or other improvements used as a city hall, town hall,
library, public safety, or public works facility, which has a useful life of five years or more.
Under the Act, capital improvements do not include light rail transit or related activities, parks,
road/bridges, administrative buildings other than a city hall or town hall, or land for those
facilities. For the purposes of the Act, the CIP is a document designed to anticipate capital
improvement expenditures and schedule them over at least a five-year period so that they may
be purchased in the most efficient and cost-effective method possible. A CIP allows the
matching of expenditures with anticipated income. As potential expenditures are reviewed, the
City considers the benefits, costs, alternatives, and impact on operating expenditures.
Before issuing bonds under a CIP, the City must hold a public hearing on the CIP and the
proposed bonds and must then approve the CIP and authorize the issuance of the bonds by at
least a 3/5 majority.
If a petition signed by voters equal to at least 5 percent of the votes cast in the last general City
election requesting a vote on the issuance of bonds is received by the municipal clerk within
30 days after the public hearing, then the bonds may not be issued unless approved by the voters
at an election.
8.6
DRAFT
The statute has established certain criteria that must be considered for each project to be
undertaken pursuant to this CIP (the “Projects”). These criteria are:
1.Condition of the City’s existing infrastructure and projected need for repair or replacement
2.Demand for the improvement
3.Cost of the improvement
4.Availability of public resources
5. Level of overlapping debt
6.Cost/benefits of alternative uses of funds
7. Operating costs of the proposed improvements
8.Alternatives for providing services most efficiently through shared facilities with other
municipalities or local governments
The CIP is designed to be updated and modified on an annual basis. In this manner, it becomes
an ongoing fiscal planning tool that continually anticipates future capital expenditures and
funding sources.
III.PLAN SUMMARY
This CIP is intended to describe and analyze the need for the Projects in accordance with the
Act. The City may modify this CIP from year to year as authorized by the Act.
Following is a summary of estimated expenditures for the Projects, including cost of bond
issuance (financing costs):
2025 Expenditures
The City intends to replace the rooftop unit on fire station #1. There will also be parking
lot improvements made to the police station and the library/Club Prior. The combined
estimated cost of the improvements to these facilities along with cost of issuance to be
financed through bond proceeds is $1,020,000.
2026 Expenditures
No projects anticipated in this plan.
2027 Expenditures
No projects anticipated in this plan.
2028 expenditures
The City intends to construct improvements to the city hall, police station, and fire station
#2, consisting of capital maintenance, and including building and exterior site
8.7
DRAFT
improvements. The combined estimated cost of the improvement to these facilities along
with cost of issuance to be financed through bond proceeds is $3,060,000.
2029 Expenditures
No projects anticipated in this plan.
Analysis
The City has analyzed the eight points required by the Act for the Projects on an individual
basis and as a whole. The findings are as follows:
1. Conditions of City Infrastructure, Including the Projected Need for Repair or
Replacement and Need for the Project
Improvements to City public safety, public works, and city hall facilities in future years are for
capital maintenance and repair of existing facilities.
2.Likely Demand for the Project
The City’s basic government service operations, including administration, police, fire, and
public works operations are housed in facilities that are in need of capital maintenance and
repair.
3. Estimated Cost of the Project
The estimated cost, including architectural/engineering, contingency, legal and bonding, of the
Project is set forth above.
4. Available Public Resources
The City does not have sufficient cash reserves on hand to finance the improvement of the city
hall and public works and public safety facilities without issuing bonds. The City plans to use
the bond proceeds to reimburse the City for the Projects.
8.8
DRAFT
5. Level of Overlapping Debt in the City
As of August 2, 2024, the level of overlapping debt in the City is provided in the table below:
Issuer
2023/2024
Tax
Capacity
Value(1)
2023/2024
Tax
Capacity
Value
in City(1)
Percentage
Applicable
in City
Outstanding
General
Obligation
Debt (2)
Taxpayers’
Share
of Debt
Scott County $ 318,207,331 $61,201,938 19.23% $96,455,000 $ 18,548,297
ISD No. 719 (Prior
Lake-Savage) 99,388,267 58,389,868 58.75 136,167,333 79,998,308
ISD No. 720
(Shakopee) 101,454,933 2,812,070 2.77 117,549,569 3,256,123
Metropolitan Council 6,313,906,529 61,201,938 .97 7,645,000(3) 74,157
Metro Transit 5,540,695,433 61,201,938 1.10 230,580,000 (4) 2,536,380
Total Indirect Debt: $ 104,413,265
(1)Tax Capacity Value is after tax increment deduction and fiscal disparity adjustments.
(2)As of July 2, 2024, unless noted otherwise.
(3)Metropolitan Council has $7,645,000 of general obligation debt outstanding as of December 31, 2023. This debt is payable
from ad valorem taxes levied on all taxable property within the Metropolitan Taxing District. This amount excludes
$1,185,889,000 of general obligation debt payable from wastewater and sewer revenues, and lease agreements.
(4) Metropolitan Transit has $230,580,000 of property tax supported general obligation debt outstanding as of December 31,
2023. Transit debt is issued by the Metropolitan Council for public transit operations and is payable from ad valorem taxes
levied on all taxable property within the Metropolitan Transit District. This amount excludes $270,715,000 of general
obligation debt payable from revenues.
8.9
DRAFT
6. Relative Benefits and Costs of Alternative Uses of the Funds
The proposed Projects could potentially be financed through the issuance of lease-revenue
bonds. However, both costs of issuance and overall debt service payments would be
significantly higher, since lease-revenue bonds are not general obligation debt and are therefore
not as attractive to potential purchasers. The issuance of general obligation capital
improvement plan bonds represents the most cost-efficient way to finance the proposed
Projects.
7. Operating Costs of the Proposed Project
Operating costs are not expected to be impacted to any significant degree with the proposed
improvements.
8. Alternatives for Providing Services Most Efficiently Through Shared Facilities with
Other Municipalities or Local Government Units
The proposed capital improvements are being made to maximize effective, cost-effective City
facilities, and as such, there would be no greater efficiency achieved through constructing
shared facilities with other local government units.
IV.FINANCING THE CAPITAL IMPROVEMENT PLAN
The total amount of requested expenditures under the CIP is expected not to exceed $4,080,000,
including estimated cost of issuance of bonds. These expenditures are to be funded by the sale
of the City’s general obligation capital improvement plan bonds not to exceed $4,080,000.
In the financing of the CIP, two statutory limitations apply. Under Minnesota Statutes, Chapter
475, as amended, with few exceptions, a municipality cannot incur debt in excess of 3% of the
assessor’s Estimated Market Value (“EMV”) for the municipality. In the case of a municipality
with a population of 2,500 or less, the bonds are not subject to the net debt limits. The City’s
2023 population was 28,500. Therefore, the proposed general obligation capital improvement
plan bonds to be issued in the years 2025 through 2029 would be subject to the debt limit.
Another limitation on bonding under the Act is that without referendum, the total amount that
can be used for principal and interest in any one year for CIP debt cannot exceed 0.16% of the
EMV for the City. The City has portions of four outstanding series of bonds, its General
Obligation Bonds, Series 2017A (the “Series 2017A Bonds”), General Obligation Bonds,
Series 2018A (the “Series 2018A Bonds”), General Obligation Bonds, Series 2021A (the
“Series 2021A Bonds”) and General Obligation Bonds, Series 2021B (the “Series 2021B
Bonds” and together with the Series 2017A Bonds, the Series 2018A Bonds, and the Series
2021A Bonds, the “Outstanding CIP Bonds”, issued under the Act. The maximum amount of
principal and interest due in any year on the Outstanding CIP Bonds, combined, is
$1,116,387.50. In payable year 2024, the City’s EMV was $5,605,339,200. Therefore, the
total amount available to be used to pay principal and interest on any new bonds issued under
this Plan is $8,968,543 per year ($5,605,339,200 x 0.16% = $8,968,543, which is greater than
the maximum amount of principal and interest due in any year on the Outstanding CIP Bonds.).
Under this CIP the City may issue up to $4,080,000 in general obligation capital improvement
plan bonds in the years 2025 through 2029 to finance the Projects. If the City were to issue
general obligation capital improvement bonds in the maximum principal amount of $4,080,000
8.10
DRAFT
for the Projects, the bond issue would be repaid over a period not to exceed thirty (30) years
pursuant to the Act.
Expected debt service on the proposed bonds for the Projects is within the statutory limits.
Annual Review of the Capital Improvement Plan
The City Council, using the process outlined in this CIP, plans to review this CIP annually,
considering proposed expenditures, making priority decisions, and seeking funding for those
expenditures it deems necessary for the City. If deemed appropriate, the City Council will
prepare an update to this CIP.
(The remainder of this page is intentionally blank)
8.11
DRAFT
Produced Using Plan-It CIP Software
2025 through 2029
Technology Plan
Prior Lake, MN
Projects by Category And Department
Department
Category Project # 2025 2026 2027 2028 2029 Total
Cable
Equipment: Audio/Visual
Webstreaming - Control Room *COMM-002 12,400 12,400
Tightrope FlexLite 340 - Control Room *COMM-001 11,650 11,650
Chambers Presentation - Chambers *COMM-003 52,400 52,400
Control Room Production - Control Room *COMM-004 62,000 62,000
Chamber Audio - Chambers *COMM-005 8,000 8,000
Equipment: Audio/Visual Total 24,050 52,400 62,000 8,000 0 146,450
Cable Total 24,050 52,400 62,000 8,000 0 146,450
Elections
I.T.- General Equipment
Tabulators - qty 2 *ELEC-002 20,000 20,000
I.T.- General Equipment Total 0 0 20,000 0 0 20,000
Elections Total 0 0 20,000 0 0 20,000
Technology
I.T.- General Equipment
Ricoh MP C4504 - Admin *TECH-EQ-005 10,600 10,600
Ricoh MP C3504 - Police *TECH-EQ-007 9,500 9,500
Marco Phone Upgrade *TECH-EQ-012 60,000 60,000
Ricoh MP C2504 *TECH-EQ-008 6,000 6,000
Council Chambers: HD
Cameras,SW,Scheduler,Etc.
*TECH-EQ-008A 77,000 77,000
Ricoh IMC2500 P&R *TECH-EQ-004 6,200 6,200
Council Chambers: Audio System *TECH-EQ-005A 17,000 17,000
I.T.- General Equipment Total 20,100 66,000 0 83,200 17,000 186,300
9.1
DRAFT
Produced Using Plan-It CIP Software
Department
Category Project # 2025 2026 2027 2028 2029 Total
I.T.- Network Infrastructure
Dell SAN *TECH-NW-008 36,000 36,000
HP Proliant DL380 ESX01 *TECH-NW-006 15,000 15,000
HP Proliant DL380 ESX02 *TECH-NW-007 15,000 15,000
I.T.- Network Infrastructure Total 0 66,000 0 0 0 66,000
Technology Total 20,100 132,000 0 83,200 17,000 252,300
GRAND TOTAL 44,150 184,400 82,000 91,200 17,000 418,750
9.2
DRAFT
Water Fund
Summary of Key Financial Information
Water Fund 2025 2026 2027 2028 2029
Cash by Purpose
For future capital improvements 5,309,812 5,419,226 4,681,100 5,599,503 6,368,031
For following year pay-go capital 3,520,000 1,425,000 2,574,500 1,219,000 1,513,750
For private streets replacement 5 - - - - -
For 3-months of operating cash 1,015,130 940,085 964,581 989,968 1,016,351
For following year debt service 4 791,950 801,700 810,450 645,350 652,650
Ending Cash 10,636,891 8,586,011 9,030,632 8,453,821 9,550,782
Net Position
Ending unrestricted net position 9,921,891 8,196,011 8,640,632 8,063,821 9,160,782
As % of expense 6 172% 148% 153% 139% 154%
Total Average Number of Customer Bills 9,693 9,773 9,853 9,953 10,078
Total Water Volume Billed (1,000 of gallons)866,260 872,020 877,780 884,980 893,980
High Volume Customer (78,000 gallons)3.0% 3.0% 3.0% 3.0% 3.0%
Medium Volume Customer (18,000 gallons)3.0% 3.0% 3.0% 3.0% 3.0%
Low Volume Customer (8,000 gallons)3.0% 3.0% 3.0% 3.0% 3.0%
Average Annual % Change in Water Bill for Billing Period 1
10.1
Water Fund
Capital Improvement Plan
Water Fund
Project Description 2025 2026 2027 2028 2029
Capital Outlay
Transportation Plan 25,800 1,150,000 650,000 2,025,000 1,060,000
Wells 57,500 60,000 50,000 52,000 65,000
Current Year Projects - Facilities 150,000 - 300,000 487,500 61,500
Water Storage & Tower Reconditioning - 1,810,000 - - -
Equipment 75,000 500,000 425,000 10,000 7,500
WTF Rehabs & Equipment 20,000 - - - 25,000
Total Capital Outlay 328,300 3,520,000 1,425,000 2,574,500 1,219,000
Source of Funds
Current revenue / use of cash in fund 328,300 3,520,000 1,425,000 2,574,500 1,219,000
Total Source of Funds 328,300 3,520,000 1,425,000 2,574,500 1,219,000
10.2
Sanitary Sewer Fund
Summary of Key Financial Information
Sewer Fund 2025 2026 2027 2028 2029
Cash by Purpose
For future capital improvements 335,109 215,761 2,147,851 1,796,002 359,181
For following year pay-go capital 2,495,000 2,104,000 - 3,301,000 3,284,000
For 3-months of operating cash 983,148 995,902 1,049,416 1,143,706 1,166,486
For following year debt service 162,500 165,500 168,000 487,333 389,355
Ending Cash 3,975,757 3,481,163 3,365,267 6,728,041 5,199,022
Net Position
Ending unrestricted net position 3,785,757 3,286,163 3,170,267 6,533,041 5,004,022
As % of expense 6 79.6% 67.8% 62.3% 118.2% 83.5%
Total Average Number of Customer Bills 9,547 9,627 9,707 9,807 9,932
Total Sewer Volume Billed (1,000 of gallons)577,753 582,553 587,353 593,353 600,853
High Volume Customer (47,000 gallons)10.5% 8.5% 2.9% 2.9% 3.0%
Medium Volume Customer (12,000 gallons)10.1% 8.4% 3.0% 3.1% 3.1%
Low Volume Customer (7,000 gallons)10.8% 8.6% 2.7% 2.8% 2.9%
Average Annual % Increase for Fees and Charges 1, 4
10.3
Sanitary Sewer Fund
Capital Improvement Plan
Sewer Fund
Project Description 2025 2026 2027 2028 2029
Capital Outlay
Transportation Plan 65,800 1,020,000 700,000 1,890,000 1,600,000
Sewer Lining - Inflow/Infiltration Prevention 454,500 468,000 482,000 496,000 511,000
Lift Station Rehabilitation 709,000 412,000 327,000 429,000 345,000
Technology Plan - SCADA - 595,000 595,000 595,000 595,000
Generator/Equipment 175,000 - - 225,000 250,000
Total Capital Outlay 1,404,300 2,495,000 2,104,000 3,635,000 3,301,000
Source of Funds
Bond Proceeds - - - 5,150,000 -
Current revenue / use of cash in fund 1,404,300 2,495,000 2,104,000 (1,515,000) 3,301,000
Total Source of Funds 1,404,300 2,495,000 2,104,000 3,635,000 3,301,000
10.4
Storm Water Quality Fund
Summary of Key Financial Information
Stormwater Fund 2025 2026 2027 2028 2029
Cash by Purpose
For future capital improvements 138,994 460,633 782,227 662,381 915,081
For following year pay-go capital 1,095,000 800,000 808,000 1,136,000 1,039,000
For 3-months of operating cash 268,094 235,281 241,778 283,777 255,347
For following year debt service 89,650 87,650 90,650 88,400 91,150
Ending Cash 1,591,737 1,583,564 1,922,655 2,170,558 2,300,578
Net Position
Ending unrestricted net position 2,701,737 2,693,564 3,032,655 3,280,558 3,410,578
As % of expense 4 207.7% 229.7% 250.4% 235.7% 263.1%
Total Average Number of Residential Equivalent
Units Billed 12,035 12,115 12,195 12,295 12,420
Per Residential Equivalent Unit 30.0% 3.0% 3.0% 3.0% 3.0%
Average Annual % Increase for Fees and Charges
10.5
Storm Water Quality Fund
Capital Improvement Plan
Stormwater Fund
Project Description 2025 2026 2027 2028 2029
Capital Outlay
Transportation Plan 629,800 693,000 360,000 350,000 620,000
Pond Maintenance & Retrofit 212,000 218,000 225,000 232,000 239,000
Stormwater Improvements 150,000 150,000 150,000 150,000 150,000
Stormwater Pond Planning 33,000 34,000 35,000 36,000 37,000
Prior Lake Outlet Channel (PLOC) Lining Project 260,000 - - - -
LSWMP Implementation Plan - - - - 50,000
Misc projects 150,000 - 30,000 40,000 40,000
Total Capital Outlay 1,434,800 1,095,000 800,000 808,000 1,136,000
Source of Funds
Current revenue / use of cash in fund 1,434,800 1,095,000 800,000 808,000 1,136,000
Total Source of Funds 1,434,800 1,095,000 800,000 808,000 1,136,000
10.6
DEBT ANALYSIS AND TAX IMPACT
In reviewing the 2025-2029 Capital Improvement Program, the City Council should consider the
level of debt as well as the annual tax impact of the scheduled projects.
As of 12/31/2023, the City of Prior Lake had $28,201,532 in debt. The following chart reflects
the type of debt that comprised the $28.2M:
The 2025-2029 CIP includes projects that are planned to be funded by bond proceeds/debt.
Bonds are issued for the project costs that the City is funding through tax levies as well as the
costs that are specially assessed to property owners.
The 2025-2029 CIP anticipates the following bonding (debt issuance) needs:
•The city is considering future issuance of debt for park and recreation improvements of
$60 million of bonds from years 2026 to 2030 for park and trail improvements, to be
financed by a separate debt levy. The city is in the preliminary planning stage of reviewing
whether it will move forward to seek tax base approval through a voter referendum in
November 2025. Therefore, the tax levy and tax rate implications of potential park
improvement bonds are reflected in the city’s CIP and financial plan for City Council
consideration.
The 2025-2029 Park Plan includes bonding of $40,000,000 for Park Improvements,
primarily for community parks. The plan reflects bonding for major community park
improvements planned for Spring Lake and Lakefront Parks. The community discussion
of the proposed projects will continue in 2024 and funding options will be evaluated in
early 2025. Estimated funding needs in the five-year plan have been identified as $5M in
Debt Type Amount as of
December 31, 2023 Purpose
G.O. Special Assessments 9,120,000 Street Improvement Projects
G.O. TIF Bonds 30,000 Tax Increment Project
G.O. Bonds (MV)1,985,000 Referendum Project (Fire Station #2)
G.O. Bonds 4,090,000 Street Reconstruction Projects
G.O. Bonds 2,130,000 Public Works Building and CIP
Projects
G.O. Bonds 815,000 Equipment
G.O. Revenue Bonds 5,945,000
Maintenance Facility, Water
Treatment Facility & Utility
Replacement Projects
G.O. Capital Improvement
Bonds 3,645,000 City Hall & Police Station
Energy Lease Loan Payable
(GESP)441,532 Guaranteed Energy Savings Program
Projects
Total 28,201,532
11
DRAFT
2026, $15M in 2027 and $20M in 2028. The five-year financial impact of the potential park
improvement bonding is shown in red on the debt analysis below.
•The Equipment Replacement Plan includes $3,605,000 of bonding for major equipment
replacement expenditures primarily for replacement of a fire ladder truck and Public Works
streets equipment. The city’s financial model reflects a 2025 levy in advance of
approximately $150,000 to reduce this bonding need in 2026. The levy in advance will be
evaluated as part of the annual budget cycle.
•Bonding of $3,180,000 for major park replacement expenditures includes Ponds Park
Phase II in 2025, and replacement for the four Ponds Parking Lots and entrance road in
2028.
•The Facilities Plan includes $2,575,000 of bonding for major facility repairs for City Hall
and Police Station replacement of membrane roofing and heating, ventilation, and air
conditioning (HVAC) updates, and parking/safety enhancements.
•The Pavement Management Plan includes bonding of $17,495,000 for transportation plan
projects and street mill & overlay projects. The repayment sources for this bonding include:
o Tax levy
o Project Special Assessment (The city provides the upfront funding for the special
assessment portion via bonding)
•The Stormwater Fund includes bonding for planned expenditures for storm sewer
replacement costs on street reconstruction project as well as the regional water quality
pond project.
The table below summarizes the proposed bonding by fund and year:
Summary of Projected Debt Balances
The following tables reflect all bonding requirements referenced in the CIP, Pavement
Management Plan, Facilities Management Plan, and Equipment Replacement Plan. It includes
the proposed bonding that may be presented to residents by referendum for community park
improvements (identified in the Park Plan).
Based on the proposed projects in the CIP, debt is projected to increase from $28.2M at the end
of 2023 to $72.2M at the end of 2029. Approximately $38M of the projected 2029 debt is for
proposed community park improvements.
Fund Name
2024 2025 2026 2027 2028 2029
Capital Park Fund F226 (Park Improvement Bonds)- - 5,000,000 15,000,000 20,000,000 -
Revolving Equip Fund F410 - 1,030,000 - - 2,575,000 -
Revolving Park Equip Fund F430 - - 1,770,000 1,410,000 - -
Facilities Mgmt Fund F440 - 515,000 - - 2,060,000 -
PIR Revolving Fund F450 1,580,000 - - 1,020,000 - -
Construction Fund F501 - 4,285,000 6,370,000 2,770,000 965,000 3,105,000
Governmental Funds Subtotal 1,580,000 5,830,000 13,140,000 20,200,000 25,600,000 3,105,000
Water Fund - - - - - -
Stormwater Fund 1,180,000 - - - - -
Sanitary Sewer Fund - - - - 5,150,000 -
Utility Funds Subtotal 1,180,000 - - - 5,150,000 -
City total Debt Issuance - All funds 2,760,000 5,830,000 13,140,000 20,200,000 30,750,000 3,105,000
City Total Debt Issuance - All funds wihout Park Improvement Bonds 2,760,000 5,830,000 8,140,000 5,200,000 10,750,000 3,105,000
Projected Bonding by Year
11
DRAFT
Projected Debt per Capita:
Projected debt per capita based on the current capital projects planned is shown in the table
below. It is shown with and without the proposed Parks Improvements bonding. The city is working
to manage its debt load while providing needed capital replacement projects in a growing city.
Bond Repayment through Debt Service Tax Levy:
The impact of the 2025-2029 CIP and other anticipated bond payment adjustments on the debt
service property tax levy are reflected in the following tables.
Projected five-year annual change in debt levy:
2024 2025 2026 2027 2028 2029
Debt Per Capital (assumes popluation growth)
Debt Per Capital (not incl Park Improvement Bonds)930 969 1,074 1,068 1,243 1,149
Debt Per Capital (incl Park Improvement Bonds)930 969 1,247 1,753 2,592 2,439
Projected
11.3
DRAFT
The table below indicates that we are planning to increase our annual debt levy in the five-year
planning period to fund planned community park improvements of $5M in 2026, $15M in 2027
and $20M in 2028. Staff will work with our municipal advisor to review options for structuring the
debt to minimize the annual debt service impact.
Projected change in total CIP Tax Levy:
The table below shows the projected change in the CIP tax levy by component.
These projected debt service levy estimates for the years 2024-2029 are based on a mix of ten-
year level annual debt service payments and the structuring of some of the debt issuance to
manage the annual debt service impact. To fund the amount of projects proposed in the CIP,
inclusive of debt, and maintain the 10-year average tax rate change at 3-3.5% structuring the debt
(versus level annual payments) and/or other modifications to the planned budgets are reflected
in the annual update of the city’s financial plan.
The table below is a summary of the annual projected total CIP tax levy by component.
Bond Repayment Debt Service supported by Water and Sewer Fund Revenues:
•Revenues of the Water and Sewer Funds support the annual debt service for the Water
Treatment Plant debt refunding bond issues, the AMRS replacement, and the Huron area
street improvements.
•Revenues of the Stormwater fund will support the proposed annual debt service for the
2024 proposed debt issuance of $1,240,000 for storm sewer replacement costs on street
reconstruction project as well as the regional water quality pond project.
•The projected annual debt service for the utility funds is shown below:
2024 2025 2026 2027 2028 2029
Change in Debt Levy
Debt Service Levy (not incl Park Improvement Bonds)(132,114) (109,835) 507,598 414,189 125,519 (47,010)
Debt Levy (Park Improvement Bonds Only)- - - 455,554 1,176,344 666,408
Debt: Change in Debt Levy (132,114) (109,835) 507,598 869,743 1,301,862 619,398
Projected Change in Debt Levy
2024 2025 2026 2027 2028 2029
Debt Service Levy (not incl Park Improvement Bonds)(132,114) (109,835) 507,598 414,189 125,519 (47,010)
Debt Levy (Park Improvement Bonds Only)- - - 455,554 1,176,344 666,408
Equipment Revolving Fund 50,000 75,000 50,000 50,000 100,000 70,000
Revolving Park Equip Fund 20,000 75,000 60,000 60,000 50,000 50,000
Facilities Management Fund 50,000 50,000 50,000 50,000 50,000 50,000
PIR Fund - - - - - 25,000
Change in Total CIP Tax Levies (12,114) 90,165 667,598 1,029,743 1,501,862 814,398
Projected Change in CIP Tax Levy2024-2029 CIP
2024 2025 2026 2027 2028 2029
Debt Service Levy (not incl Park Improvement
Bonds)3,451,512 3,341,677 3,849,275 4,263,464 4,388,983 4,341,973
Debt Levy (Park Improvement Bonds Only)- - - 455,554 1,631,898 2,298,306
Equipment Revolving Fund 800,000 875,000 925,000 975,000 1,075,000 1,145,000
Revolving Park Equip Fund 460,000 535,000 595,000 655,000 705,000 755,000
Facilities Management Fund 205,000 255,000 305,000 355,000 405,000 455,000
PIR Fund - - - - - 25,000
Total CIP Tax Levies 4,916,512 5,006,677 5,674,275 6,704,018 8,205,880 9,020,278
CIP Tax Levies:Projected CIP Tax Levy
11
DRAFT
2024 2025 2026 2027 2028 2029
Water 784,300 789,000 791,950 801,700 810,450 645,350
Sewer 169,650 164,250 162,500 165,500 168,000 487,333
Stormwater - 86,830 89,650 87,650 90,650 88,400
Projected Debt Service (funded by Utility Fund Revenues)2024-2029 CIP
11.5
DRAFT
Financial Management Plan
2025-2029
August 14, 2024
12.1
DRAFT
The city’s Financial Management Plan is intended to serve as a planning tool providing
the Council and the public with the insight required to address issues that impact the city’s
financial condition. The financial plan is presented to the City Council annually. The
financial plan discusses and views city finances from a wider perspective and serves as a
preliminary step in the annual budget and capital improvement planning processes to aid
in determining the annual needs of the city.
The city’s financial plan reflects funding for the following needs:
•General operations
•Future planned capital improvements
•Debt service on planned bond issuance to support capital improvements for
streets, equipment replacement, facilities capital maintenance projects and park
improvements.
•Water/Sewer/Storm Water Utility operations and capital needs
Trend Analysis
The city’s financial trends and planning assumptions are analyzed annually with many
factors utilized to understand the financial condition of the city. These factors include:
•Property Types
•Market Value, Tax Capacity, Adjustments
•Levy Components, Taxes, Tax Rates
•Population
•Staffing per the city’s five-year Personnel Plan
•Labor Relations
•Economy
•Growth including residential and commercial development
•Non-tax revenue sources
•Inflation factors
•Unfunded mandates
The city’s financial plan incorporates the trends and planning assumptions to model the
current and anticipated financial condition of the city including:
•Tax Levy and Tax Rate Projections
•Capital Improvement Program Projections and Levy Impacts
•General Fund Projections
•Debt Management Plan Debt and Debt Levy Projections
•Utility Services Financial Management Plan
Tax Levy and Tax Rate Projections
The city’s financial plan models and projects the property tax levy needed to fund the
city’s needs and the resulting city tax rate that will be applied to a property based on
valuation factors.
12
DRAFT
General Fund Projections: General Fund Projections provide an assessment and impact
of anticipated staffing needs, inflationary changes, and unfunded mandates on the city’s
operations and estimated impact on property taxes and rates.
Capital Improvement Program Projections: The Capital Improvement Program (CIP) is
one of the city’s long-term financial planning tools. The CIP is updated on an annual basis.
The CIP is designed to identify infrastructure improvements and the associated funding
sources needed due to ongoing maintenance, repair, and community growth. The
following long-term planning documents are part of the CIP: Pavement Management Plan,
Equipment Replacement Plan, Park Equipment Replacement Plan, Technology Plan,
Facilities Management Plan and plans for each of the three enterprise funds including
Water, Sewer, and Storm Water. The financial plan incorporates the debt and tax levy
impacts of the Capital Improvement Program.
Debt Management Plan Debt and Debt Levy Projections: The debt management plan
is one of the city’s long-term financial planning tools. Based on current and planned
projects in the city’s capital improvement plan, debt and debt service tax levy are
projected. The projected debt issuance is for capital improvements for streets, equipment
replacement, facilities capital maintenance projects, and park improvements as planned
in the CIP.
Utility Services Financial Management Plan: The financial management plans for
water, sewer and stormwater utility services achieve the following goals:
•Rate Calculation: Provide a rate calculation that results in equitable and
competitive fixed versus variable portion charge to customers and considers
conservation impact of tiers and block rates.
•Revenue Sufficiency: Focus on revenue sufficiency to provide cash balances that
support the following objectives:
o Revenue to meet current and future obligations.
o Avoid future debt issuance consistent with city objectives.
o Cash on-hand to provide:
• Three-months of operating expense
• Following-year debt service payments
•Following year capital acquisition (planned to be paid from cash)
•Reserves for replacement of infrastructure located under private
streets.
•Reserves for future capital improvements
12
DRAFT
Table of Contents
City Property Tax Projection …..……………………………………………………. 1-2
Summary Tax Levy …………………………………………………………………………. 3
Summary Tax Rate …………………………………………………………………………. 4
General Fund Summary ……………………………………………………………………. 5
Chart Data through 2029:
Chart 1 Debt Service Tax Levy ……………………………………………………………. 6
Chart 2 General Fund Ending Fund Balance ……………………………………………... 7
Chart 3 City Tax Rate (Tax Capacity Rate) ……………………………………………...... 8
Chart 4 Total Tax Capacity (TC) Levy and Annual % Change in TC Levy and TC Tax Rate …………... 9
Chart 5 Total Market Value (MV) Levy and Annual % Change in MV Levy and MV Tax Rate ………. 10
Chart 6 Projected Annual Change in Tax Levy Scenarios …………………………….... 11
Chart 7 Projected Annual Change in Tax (Capacity) Levy …………………………...... 12
Chart 8 Example Residential Properties City Property Taxes ……………………......... 13
Chart 9 Example Commercial Properties City Property Taxes ……………………....... 14
12.4
DRAFT
CITY OF PRIOR LAKE
PROPERTY TAX PROJECTION SUMMARY - Without Park Improvement Bonds
Proposed
Budget 2025 Projected 2026 Projected 2027 Projected 2028 Projected 2029
CITY TAX LEVIES (TAX CAPACITY)
General Fund 15,014,949 16,195,544 16,924,685 18,134,565 19,180,308
Debt Service Fund 3,079,189 3,583,387 3,989,476 4,107,345 4,058,135
Revolving Equip Fund F410 875,000 925,000 975,000 1,075,000 1,145,000
Revolving Park Equip Fund F430 535,000 595,000 655,000 705,000 755,000
Facilities Mgmt Fund F440 255,000 305,000 355,000 405,000 455,000
PIR Revolving Fund F450 - - - - 25,000
Total Tax Levies 19,759,138 21,603,931 22,899,161 24,426,909 25,618,443
Annual $ Change 1,292,336 1,844,793 1,295,230 1,527,749 1,191,533
TOTAL % CHANGE IN CITY TAX LEVIES 7.0%9.3%6.0%6.7%4.9%
CITY TAX CAPACITY TAX RATE 31.22%32.54%33.48%34.47%34.88%
Annual % Change 3.04%4.22%2.87%2.97%1.20%
Bonds Outstanding 27,750,000 30,970,000 31,010,000 36,405,000 34,000,000
PROPERTY TAX PROJECTION SUMMARY - With Park Improvement Bonds
Proposed
Budget 2025 Projected 2026 Projected 2027 Projected 2028 Projected 2029
Total Tax Levies with Park Referendum 20,021,626 21,869,819 23,628,703 26,340,445 28,200,586
Annual $ Change 1,306,337 1,848,193 1,758,884 2,711,742 1,860,141
TOTAL % CHANGE IN TAX LEVIES 7.0%9.2%8.0%11.5%7.1%
CITY TAX CAPACITY TAX RATE with Park Refer 31.22%32.54%34.17%36.87%38.14%
Annual % Change 3.04%4.22%5.02%7.90%3.44%
Bonds Outstanding 27,750,000 35,970,000 50,900,000 75,930,000 72,205,000
CITY MARKET VALUE TAX RATE 0.00464%0.00452%0.00447%0.00442%0.00428%
Annual % Change 1.25%-2.60%-0.92%-1.16%-3.10%
EDA TAX CAPACITY TAX RATE 0.64%0.61%0.61%0.60%0.60%
Annual % Change -0.15%-4.84%-0.14%-0.70%-0.66%
12.5
DRAFT
CITY OF PRIOR LAKE
CITY PROPERTY TAX PROJECTION - With Park Improvement Bonds
Impact shown in Red
2024 2025 2026 2027 2028 2029
TAX LEVIES
General Fund Levy - Tax Capacity 13,798,778 15,014,949 16,195,544 16,924,685 18,134,565 19,180,308
General Fund Levy - Market Value 248,488 262,488 265,888 273,988 281,638 283,838
Debt Service Fund (not incl Park Improvement Bonds)3,203,024 3,079,189 3,583,387 3,989,476 4,107,345 4,058,135
Debt Levy (Park Improvement Bonds Only)455,554 1,631,898 2,298,306
CIP Funds 1,465,000 1,665,000 1,825,000 1,985,000 2,185,000 2,380,000
Total Tax Levies 18,715,289 20,021,626 21,869,819 23,628,703 26,340,445 28,200,586
Annual $ Change 1,859,077 1,306,337 1,848,193 1,758,884 2,711,742 1,860,141
TOTAL % CHANGE IN TAX LEVIES - including Park Imp Bonds 11.0%6.98%9.2%8.0%11.5%7.1%
CITY TAX CAPACITY TAX RATE- No Park Improvement Bonds 30.30%31.22%32.54%33.48%34.47%34.88%
Annual % Change 7.84%3.04%4.22%2.87%2.97%1.20%
CITY TAX CAPACITY TAX RATE- Including Park Improvement Bonds 30.30%31.22%32.54%34.17%36.87%38.14%
Annual % Change 7.84%3.04%4.22%5.02%7.90%3.44%
Debt per Capita - No Park Improvement Bonds 930 969 1,074 1,068 1,243 1,149
Debt per Capita - Including Park Improvement Bonds 930 969 1,247 1,753 2,592 2,439
Bonds Outstanding - No Park Improvement Bonds 26,489,000 27,750,000 30,970,000 31,010,000 36,405,000 34,000,000
Change in Bonds Outstanding 1,261,000 3,220,000 40,000 5,395,000 (2,405,000)
Bonds Outstanding - Including Park Improvement Bonds 26,489,000 27,750,000 35,970,000 50,900,000 75,930,000 72,205,000
Change in Bonds Outstanding 1,261,000 8,220,000 14,930,000 25,030,000 (3,725,000)
Five Year Planning Period
12.6
DRAFT
CITY OF PRIOR LAKE
PROPERTY TAX PROJECTION SUMMARY - With Park Improvement Bonds
2024Adopted 2025Preliminary Budget 2026Projected 2027Projected 2028Projected 2029Projected
PRIOR YEAR TAX LEVIES
General Fund 11,927,587 13,798,778 15,014,949 16,195,544 16,924,685 18,134,565
Debt Service Fund 3,583,625 3,451,511 3,341,677 3,849,275 4,719,018 6,020,880
Capital Park Fund F225 - - - - - -
Capital Park Refer Fund F226 - - - - - -
Revolving Equip Fund F410 750,000 800,000 875,000 925,000 975,000 1,075,000
Revolving Park Equip Fund F430 440,000 460,000 535,000 595,000 655,000 705,000
Facilities Mgmt Fund F440 155,000 205,000 255,000 305,000 355,000 405,000
PIR Revolving Fund F450 - - - - - -
Construction Fund F501 - - - - - -
Trunk Fund F502 - - - - - -
Street Oversizing Fund F503 - - - - - -
EDA Fund 370,000 390,000 405,000 406,113 418,296 430,845
Grand Total 17,226,212 19,105,289 20,426,626 22,275,931 24,046,999 26,771,290
SUMMARY OF CHANGE IN TAX LEVIES
GENERAL FUND
Revenue Changes
MV Debt Service Levy (14,600) (14,001) (3,400) (8,100) (7,650) (2,200)
Non Tax Revenues (382,413) 249,889 (213,663) (188,797) (38,824) (17,560)
Net Change Non Tax Revenues (397,013) 235,889 (217,063) (196,897) (46,474) (19,760)
Expense Changes
Current expenditures 577,604 (18,614) 266,368 247,426 257,323 267,616
Other financing uses - - - - - -
Personnel 1,833,871 841,613 803,390 802,512 908,181 861,887
Capital Outlay 161,170 (112,057) (57,500) - - -
Capital Outlay - Technology - - 132,000 (132,000) 83,200 (66,200)
Transfer out to DS fund 14,600 14,000 3,400 8,100 7,650 2,200
Transfer out to other funds (400,000) - - - - -
Non-recurring mid-year adjustments - - - - - -
Net Change Expenses 2,187,245 724,942 1,147,658 926,038 1,256,354 1,065,503
Other Changes
Other source (use) of General Fund Reserves not
included in original adopted budget
- - - - - -
Budgeted source (use) of General Fund Reserves 80,959 255,341 250,000 - - -
Net Other Changes 80,959 255,341 250,000 - - - GENERAL FUND 1,871,191 1,216,171 1,180,595 729,141 1,209,880 1,045,743
DEBT SERVICE FUNDS
Existing Debt (146,713) (123,835) (234,692) (126,620) (218,151) (895,918)
Proposed Debt - - 738,890 988,263 1,512,363 1,513,116
MV Debt 14,600 14,001 3,400 8,100 7,650 2,200 DEBT SERVICE FUNDS (132,114) (109,834) 507,598 869,743 1,301,862 619,398
OTHER FUNDS
Capital Park Fund F225 - - - - - -
Capital Park Refer Fund F226 - - - - - -
Revolving Equip Fund F410 50,000 75,000 50,000 50,000 100,000 70,000
Revolving Park Equip Fund F430 20,000 75,000 60,000 60,000 50,000 50,000
Facilities Mgmt Fund F440 50,000 50,000 50,000 50,000 50,000 50,000
PIR Revolving Fund F450 - - - - - 25,000
Construction Fund F501 - - - - - -
Trunk Fund F502 - - - - - -
Street Oversizing Fund F503 - - - - - -
EDA Fund 20,000 15,000 1,113 12,183 12,549 12,925 OTHER FUNDS 140,000 215,000 161,113 172,183 212,549 207,925
TOTAL CHANGE IN TAX LEVIES 1,879,077 1,321,337 1,849,305 1,771,067 2,724,291 1,873,066
ALL CITY PLUS EDA TAX LEVIES
General Fund 13,798,778 15,014,949 16,195,544 16,924,685 18,134,565 19,180,308
Debt Service Fund 3,451,511 3,341,677 3,849,275 4,719,018 6,020,880 6,640,278
Capital Park Fund F225 - - - - - -
Capital Park Refer Fund F226 - - - - - -
Revolving Equip Fund F410 800,000 875,000 925,000 975,000 1,075,000 1,145,000
Revolving Park Equip Fund F430 460,000 535,000 595,000 655,000 705,000 755,000
Facilities Mgmt Fund F440 205,000 255,000 305,000 355,000 405,000 455,000
PIR Revolving Fund F450 - - - - - 25,000
Construction Fund F501 - - - - - -
Trunk Fund F502 - - - - - -
Street Oversizing Fund F503 - - - - - -
EDA Fund 390,000 405,000 406,113 418,296 430,845 443,770
Grand Total 19,105,289 20,426,626 22,275,931 24,046,999 26,771,290 28,644,356
CURRENT YEAR TAX LEVIES ANNUAL % CHANGE
General Fund 15.7%8.8%7.9%4.5%7.1%5.8%
Debt Service Fund -3.7%-3.2%15.2%22.6%27.6%10.3%
Capital Park Fund F225
Capital Park Refer Fund F226
Revolving Equip Fund F410 6.7%9.4%5.7%5.4%10.3%6.5%
Revolving Park Equip Fund F430 4.5%16.3%11.2%10.1%7.6%7.1%
Facilities Mgmt Fund F440 32.3%24.4%19.6%16.4%14.1%12.3%
PIR Revolving Fund F450
Construction Fund F501
Trunk Fund F502
Street Oversizing Fund F503
EDA Fund 5.4%3.8%0.3%3.0%3.0%3.0%Grand Total 10.91%6.92%9.05%7.95%11.33%7.00%
CURRENT YEAR TAX CAPACITY TAX LEVIES
General Fund 13,798,778 15,014,949 16,195,544 16,924,685 18,134,565 19,180,308
Debt Service Fund 3,203,024 3,079,189 3,583,387 4,445,030 5,739,242 6,356,440
Capital Park Fund F225 - - - - - -
Capital Park Refer Fund F226 - - - - - -
Revolving Equip Fund F410 800,000 875,000 925,000 975,000 1,075,000 1,145,000
Revolving Park Equip Fund F430 460,000 535,000 595,000 655,000 705,000 755,000
Facilities Mgmt Fund F440 205,000 255,000 305,000 355,000 405,000 455,000
PIR Revolving Fund F450 - - - - - 25,000
Construction Fund F501 - - - - - -
Trunk Fund F502 - - - - - -
Street Oversizing Fund F503 - - - - - -
EDA Fund 390,000 405,000 406,113 418,296 430,845 443,770
Grand Total 18,856,802 20,164,138 22,010,043 23,773,011 26,489,652 28,360,518
Annual % Change 10.97%6.93%9.15%8.01%11.43%7.06%
CURRENT YEAR REFERENDUM TAX LEVIES
General Fund
Debt Service Fund 248,488 262,488 265,888 273,988 281,638 283,838
Capital Park Fund F225
Capital Park Refer Fund F226
Revolving Equip Fund F410
Revolving Park Equip Fund F430
Facilities Mgmt Fund F440
PIR Revolving Fund F450
Construction Fund F501
Trunk Fund F502
Street Oversizing Fund F503
EDA FundGrand Total 248,488 262,488 265,888 273,988 281,638 283,838
Annual % Change 6.24%5.63%1.30%3.05%2.79%0.78%
127
DRAFT
CITY OF PRIOR LAKE
PROPERTY TAX LEVY, TAX CAPACITY, AND TAX RATE - with Park Improvement Bonds
2024Certified 2025Preliminary Budget 2026Projected 2027Projected 2028Projected
2029Projected
TAX LEVY (TAX CAPACITY)
General Fund 13,798,778 15,014,949 16,195,544 16,924,685 18,134,565 19,180,308
Debt Service Fund 3,203,024 3,079,189 3,583,387 4,445,030 5,739,242 6,356,440
Capital Park Fund F225 - - - - - -
Capital Park Refer Fund F226 - - - - - -
Revolving Equip Fund F410 800,000 875,000 925,000 975,000 1,075,000 1,145,000
Revolving Park Equip Fund F430 460,000 535,000 595,000 655,000 705,000 755,000
Facilities Mgmt Fund F440 205,000 255,000 305,000 355,000 405,000 455,000
PIR Revolving Fund F450 - - - - - 25,000
Construction Fund F501 - - - - - -
Trunk Fund F502 - - - - - -
Street Oversizing Fund F503 - - - - - -
EDA Fund - - - - - -
Total Tax Levies 18,466,802 19,759,138 21,603,931 23,354,715 26,058,807 27,916,748
Annual % Change 11.10%7.00%9.34%8.10%11.58%7.13%
Fiscal Disparities Distribution 1,017,559 1,017,559 1,017,559 1,017,559 1,017,559 1,017,559
Net Tax Levy 17,449,243 18,741,579 20,586,372 22,337,156 25,041,248 26,899,189
Annual % Change 12.33%7.41%9.84%8.50%12.11%7.42%
TAX CAPACITY
Total Tax Capacity (TC) Before New Construction 60,244,874 61,868,246 65,190,571 67,407,050 69,698,890 72,138,351
TC from Projected New Construction - 817,654 734,688 620,000 876,563 1,050,625
Total TC with Projected New Construction 60,244,874 62,685,900 65,925,258 68,027,050 70,575,452 73,188,976
Fiscal Disparities TC Contribution 1,873,793 1,873,793 1,873,793 1,873,793 1,873,793 1,873,793
TIF TC 788,655 788,655 788,655 788,655 788,655 788,655
Net Tax Capacity (NTC)57,582,426 60,023,452 63,262,810 65,364,602 67,913,004 70,526,528
Annual % Change 4.16%4.24%5.40%3.32%3.90%3.85%
TAX CAPACITY TAX RATE 30.303%31.22%32.541%34.173%36.873%38.141%
Annual % Change 7.84%3.04%4.22%5.02%7.90%3.44%
TAX LEVY (REFERENDUM)248,488 262,488 265,888 273,988 281,638 283,838
Annual % Change 5.63%1.30%3.05%2.79%0.78%
MARKET VALUE (REFERENDUM)5,427,323,400 5,662,231,400 5,888,720,656 6,124,269,482 6,369,240,262 6,624,009,872
MARKET VALUE TAX RATE 0.004578%0.00464%0.004515%0.004474%0.004422%0.004285%
Annual % Change 2.77%1.25%-2.60%-0.92%-1.16%-3.10%
12
DRAFT
CITY OF PRIOR LAKE
General Fund
2023 2024 2025 2026 2027 2028 2029
Budget Budget Preliminary Budget Projected Projected Projected Projected
REVENUE AND OTHER SOURCES
Current tax 10,836,997 12,781,219 13,997,390 15,107,823 15,836,964 17,046,844 18,092,587
MV Tax Levy in General Fund 233,888 248,488 262,488 265,888 273,988 281,638 283,838
Fiscal disparities distribution 1,090,590 1,017,559 1,017,559 1,087,721 1,087,721 1,087,721 1,087,721
Property Tax 12,161,475 14,047,266 15,277,437 16,461,432 17,198,673 18,416,203 19,464,146
Special assessments 4,000 4,000 4,000 4,000 4,000 4,000 4,000
Franchise fees 599,000 559,000 555,000 555,000 555,000 555,000 555,000
Charges for services 1,442,444 1,328,267 1,240,722 1,273,284 1,341,208 1,355,224 1,369,553
Fines & forfeitures 0 0 0 0 0 0 0
Intergovernmental revenue 2,833,610 3,348,632 3,406,584 3,458,345 3,465,335 3,469,471 3,450,740
Licenses & permits 894,370 617,238 550,842 662,490 757,240 758,215 759,201
Miscellaneous revenues 288,500 289,800 377,300 389,048 389,553 390,063 391,276
Other financing sources - - - - - - -
Property tax other - - - - - - -
Sale of property and capital assets - - - - - - -
Transfer in from other funds 555,000 852,400 615,000 620,945 639,573 658,760 678,523
Total Revenues and Other Fund Sources 18,778,399 21,046,603 22,026,885 23,424,543 24,350,581 25,606,936 26,672,439
EXPENDITURES AND OTHER USES
Current expenditures (5,360,293) (5,937,897) (5,919,283) (6,185,651) (6,433,077) (6,690,400) (6,958,016)
Other financing uses - - - - - - -
Personnel (13,082,130) (14,916,001) (15,757,614) (16,561,004) (17,363,517) (18,271,698) (19,133,585)
Capital Outlay (38,387) (199,557) (87,500) (30,000) (30,000) (30,000) (30,000)
Capital Outlay - Technology - - - (132,000) - (83,200) (17,000)
Transfer out to DS fund (233,888) (248,488) (262,488) (265,888) (273,988) (281,638) (283,838)
Transfer out to other funds (400,000) - - - - - -
Overhead Allocation to Enterprise Funds - - - - - - -
Total Expenditures and Other Uses (19,114,698) (21,301,943) (22,026,885) (23,174,543) (24,100,581) (25,356,936) (26,422,439)
CHANGE IN FUND BALANCE (336,299) (255,340) (0) 250,000 250,000 250,000 250,000
Explanation of Total Revenue Over Expense:
Budgeted source (use) of fund balance (336,299) (255,341) -250,000 250,000 250,000 250,000
Other revenue over (under) expense 0 0 (0)0 0 0 0
Beginning Fund Balance 10,458,397 11,005,244 10,749,904 10,749,903 10,999,903 11,249,903 11,499,903
Ending Fund Balance 10,122,098 10,749,904 10,749,903 10,999,903 11,249,903 11,499,903 11,749,903
Ending Fund Balance as % of Expense 48%49%46%46%44%44%42%
12.9
DRAFT
38.0%
40.0%
42.0%
44.0%
46.0%
48.0%
50.0%
$0.0
$2.0
$4.0
$6.0
$8.0
$10.0
$12.0
$14.0
2023 2024 2025 2026 2027 2028 2029
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General fund
Ending Fund Balance
Ending Fund Balance Ending Fund Balance as % of Expense Fund Balance Target
12.10
DRAFT
$0.0
$1.0
$2.0
$3.0
$4.0
$5.0
$6.0
$7.0
2023 2024 2025 2026 2027 2028 2029
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Debt Service Tax Levy with Park Improvement Bonds
All City Funds
New
Existing Ref
Existing
12.11
DRAFT
32.488%
29.849%30.463%
28.099%
30.303%31.224%32.541%34.173%
36.873%38.141%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
City Tax Rate with Park Improvement Bonds
Tax Capacity Rate
12.12
DRAFT
-10.0%
-5.0%
0.0%
5.0%
10.0%
15.0%
$0.0
$5.0
$10.0
$15.0
$20.0
$25.0
$30.0
2023 2024 2025 2026 2027 2028 2029
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Total Tax Capacity (TC) Levy and Annual % Change in TC Levy and TC
Tax Rate with Park Improvement Bonds
Total Tax Levy (Spread on Tax Capacity)Annual % Change in Total Tax Levy Annual % Change in Tax Rate
12.13
DRAFT
-15.0%
-10.0%
-5.0%
0.0%
5.0%
10.0%
$0.0
$0.1
$0.1
$0.2
$0.2
$0.3
$0.3
2023 2024 2025 2026 2027 2028 2029
An
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Total Market Value (MV) Levy and Annual % Change in MV Levy and
MV Tax Rate
Total Tax Levy (Spread on Market Value)Annual % Change in Total Tax Levy Annual % Change in Tax Rate
12.14
DRAFT
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
$0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
$9,000
2024 2025 2026 2027 2028 2029
%
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Example Residential Properties
City Property Taxes with Park Improvement Bonds
Residential $433,400 Residential $600,000
Residential $844,595 Residential $1,500,000
Percent Change in Market Value of Example Properties:
Note: The change in City Property Taxes reflects the impact of projected change in City Tax Rate and the impact of
projected change in estimated taxable market value of the example properties.
12.15
DRAFT
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
2024 2025 2026 2027 2028 2029
%
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Example Commercial Properties
City Property Taxes with Park Improvement Bonds
Commercial $1,000,000 Commercial $2,000,000
Commercial $3,000,000 Commercial $4,000,000
Percent Change in Market Value of Example Properties:
Note: The change in City Property Taxes reflects the impact of projected change in City Tax Rate and the impact of
projected change in estimated taxable market value of the example properties.
12.16
DRAFT
PriorLakeMN.gov
2025-2029 CAPITAL
IMPROVEMENT PROGRAM
PUBLIC HEARING
August 14, 2024
PriorLakeMN.gov
Conduct a public hearing on the proposed projects within the
2025-2029 Capital Improvement Program and Facilities Capital
Improvement Plan
Public hearing required by state statute when planning to issue
bonds
Approval of the Capital Improvement Plan for facilities requires a
simple majority (3 of 5 council members) for approval.
Purpose
PriorLakeMN.gov
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?
PriorLakeMN.gov
2025-2029 CIP Schedule
•February 27/March 12, 2024: Pavement Management Plan Funding Implications
•March 26, 2024: Park Plan Funding Implications
•June 25: Capital Plans Review and Financial Impacts
•August 14: Public Hearing and Adopt 2025-2029 CIP
4
PriorLakeMN.gov
Multi-Year Plans Included in the CIP
1)Pavement Management Plan
2)Equipment Replacement Plan
3)Park Plan
4)Facilities Management Plan
5)Technology Plan
6)Water Financial Plan
7)Sanitary Sewer Financial Plan
8)Water Quality Financial Plan
5
PriorLakeMN.gov
Pavement Management Plan Map
6
PriorLakeMN.gov
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
•The annualized cost of the equipment replacement is about $1.6M.
• The updated financing plan includes five-year debt issuance of $3.2M for
replacement of a fire ladder truck and public works equipment
•An incremental tax levy increase to accommodate our replacement needs
7
PriorLakeMN.gov
Equipment Replacement Plan
8
PriorLakeMN.gov
Park Plan
•Council approval of the Park and Trail System Plan on March 12, 2024. This plan
includes current parks and proposed changes/updates as well as the City’s future needs
and location of new parks.
•Amended the City’s comprehensive plan on June 11, 2024, to reflect the recently
adopted Parks and Trails System plan.
•Park and Trail System Plan will provide a guide for funding sources and uses, including
potential bonding for major park improvement projects of $60M planned over the period
from 2026-2030.
•The plan includes a phased increase in the tax levy to accommodate our capital
maintenance and replacement needs
9
PriorLakeMN.gov
Park Plan
10
PriorLakeMN.gov
Capital Park and Revolving Park Funds
11
PriorLakeMN.gov
Capital Park Fund for Park Improvement
Bonds Only
12
Summary:
PriorLakeMN.gov
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
•The updated financing plan includes five-year debt issuance of $2.6M
13
PriorLakeMN.gov
Facility Management Plan
14
PriorLakeMN.gov
Technology Plan
15
PriorLakeMN.gov
Water Fund Capital Project Summary
16
PriorLakeMN.gov
Sewer Fund Capital Project Summary
17
PriorLakeMN.gov
Stormwater Fund Capital Project
Summary
18
PriorLakeMN.gov
Utility Bill Combined Impact – All Funds
19
Total per Year 2024 2025 2026 2027 2028 2029
High User 5,872$ 6,258$ 6,587$ 6,781$ 6,977$ 7,182$
Medium User 1,244$ 1,355$ 1,429$ 1,472$ 1,512$ 1,554$
Low User 800$ 887$ 937$ 964$ 987$ 1,012$
Annual Increase
High User 385$ 329$ 194$ 197$ 204$
Medium User 112$ 74$ 43$ 40$ 42$
Low User 87$ 49$ 27$ 24$ 25$
Annual Percentage Increase
Average 8.8%5.4%2.9%2.7%2.7%
PriorLakeMN.gov
Utility Funds Financial Management
Plan
20
•Funding for utility funds is achieved through rates charged and/or debt issuance. Council directed staff to adjust
rates in the Sewer and Stormwater funds to eliminate the need for $4.6M of Sewer Fund debt and $4.8M of
Stormwater Fund debt over the 10-year planning period. To achieve this, the following rate increases will be
necessary for 2025 (medium water user):
Fund
2025 Proposed
Rate Increase
Annual
Impact
Monthly
Impact
Water 3.0%17$ 1$
Sewer 10.1%56 5
Stormwater 30.0%38 3
Combined Total 9.0%112$ 9$
PriorLakeMN.gov
Financial Impacts
Annual projected total CIP tax levy by component
21
PriorLakeMN.gov
Debt Projection
22
Based on the proposed projects in the CIP, debt is projected to increase from $28.2M at the
end of 2023 to $72.2M at the end of 2029. Approximately $38M of the projected 2029 debt is
for proposed community park improvements.
PriorLakeMN.gov
Tax Levy and Debt Service Impacts
23
The debt service tax levy reflects the
impact of the proposed bonding for
community park improvements
2024 2025 2026 2027 2028 2029
Tax Levy for Debt Service
Debt Service Levy (not incl Park Improvement Bonds)3,451,512 3,341,677 3,849,275 4,263,464 4,388,983 4,341,973
Debt Levy (Park Improvement Bonds Only)- - - 455,554 1,631,898 2,298,306
Total Tax Levy for Debt Service 3,451,511 3,341,677 3,849,275 4,719,018 6,020,880 6,640,278
Projected
PriorLakeMN.gov
Debt Per Capita Projection
24
Bar Chart: G.O. Debt Per Capita as
of Year -End 2022 Continuing
Disclosure Reporting
2024 2025 2026 2027 2028 2029
Debt Per Capital (assumes popluation growth)
Debt Per Capital (not incl Park Improvement Bonds)930 969 1,074 1,068 1,243 1,149
Debt Per Capital (incl Park Improvement Bonds)930 969 1,247 1,753 2,592 2,439
Long-Term Financial Planning
Projected
PriorLakeMN.gov
Council Action
Public Hearing
Plan Adoption - August 14, 2024
Two Resolutions:
1)Approve the 2025-2029 Capital Improvement Program (CIP)
2)Approve Issuance of CIP Bonds and Adopt Facilities Capital Improvement Plan
25
Questions/Discussion