HomeMy WebLinkAbout07(A) - Conduct a Public hearing to Consider the 2026-2030 Capital Improvement Program (CIP), Capital Improvement Plan (facilities) and Street Reconstruction Plan Report
ITEM: 7A
CITY COUNCIL AGENDA REPORT
MEETING DATE: August 12, 2025
PREPARED BY: Jason Etter, Senior Financial Analyst/Senior Accountant
Nicole Klekner, Interim Finance Director
Nick Monserud, Public Works Director/City Engineer
Chris Watson, Pubic Works Supervisor - Administration
PRESENTED BY: Nicole Klekner and Nick Monserud
AGENDA ITEM: Conduct a Public hearing to Consider the 2026-2030 Capital
Improvement Program (CIP), Capital Improvement Plan (facilities)
and Street Reconstruction Plan
RECOMMENDED ACTION:
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 2026-2030 Capital Improvement Plan for facilities and 2026-2030
Street Reconstruction Plan. Since both the Capital Improvement Plan for facilities and the Street
Reconstruction Plan propose to utilize bonds issued under State Statutes 475.521 and 475.58,
respectively, a public hearing for purposes of reviewing the plans are required. Approval of the
Street Reconstruction Plan requires a super majority (4 of 5 council members) for approval.
Approval of the Capital Improvement Plan for facilities requires a majority (3 of 5 council
members).
RECOMMENDED ACTION 2:
In addition, the council will be asked to approve the overall five-year (2026-2030) Capital
Improvement Program (CIP) which includes all plans: the transportation, equipment replacement,
park, facilities, technology, water, sewer, and stormwater plans.
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, as well as county and state road
improvements.
The following long-term planning documents are part of the CIP:
Pavement Management Plan – identifies the annual street improvement project(s) and
annual street overlay project.
Annual Street Improvement Project(s) – identifies the major roadway improvements
involving both new and reconstruction projects that need to be coordinated with Scott
County.
Annual Street Overlay – identifies the City’s annual street overlay costs and anticipated
project levy and bonding for the special assessment portion of the annual project costs.
City of Prior Lake | 4646 Dakota Street SE | Prior Lake MN 55372
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Equipment Replacement Plan – identifies the City’s vehicle and equipment needs and
establishes a regular replacement schedule.
Park Plan – identifies the new park capital improvements and the equipment replacement
demands for 49 parks.
Facilities Management Plan – identifies major repairs or improvements to all City-owned
buildings.
Technology Plan – identifies hardware and software needs and establishes a regular
replacement schedule.
Water Plan – identifies major replacements or additional infrastructure needed to supply
water to the city.
Sewer Plan – identifies major replacements or additional infrastructure needed to collect
and discharge sanitary waste from the city.
Storm Water Plan – identifies major repairs or additional infrastructure needed to treat
storm water discharge in the city.
Each plan in the CIP were reviewed with the City Council at the June 24 work session and overall
tax levy and debt impacts were reviewed at the July 22 work session. At those meetings, Staff
provided a detailed overview of the 2026 projects and highlights of other major projects scheduled
for 2026-2030. During the work session, guidance was provided to staff regarding changes in the
overall tax levy and planned 2026 utility rates.
Current Circumstances
A presentation of the 2026-2030 CIP will be provided to inform the Council and the public of the
planned projects, financial planning, and financial impact of the CIP as part of the annual CIP
update. A public hearing is being held for the purpose of receiving public input on the 2026-2030
Capital Improvement Plan (as a part of the city’s Facilities Management Plan) and the Street
Reconstruction Plan (as a part of the city’s overall Transportation Plan).
The projects that are reflected in year 2026 of the five-year CIP have been incorporated into the
2026 budget. The improvements that are funded in full or partially by tax levies have a direct
impact on the level of property taxes payable in future years. Bond proceeds are utilized to pay
for projects and debt levies are adopted to repay the debt service. The following draft documents
are included: 1) Five-Year Capital Improvement Plan Capital Improvement Program (Attachment
3), Facilities Capital Improvement Plan (Attachment 4), and 3) the Street Reconstruction Plan
(Attachment 5).
It is important for the Council to recognize that the CIP is a flexible planning tool that is affected
by the actions of several governmental agencies (State, County and Shakopee Mdewakanton
Sioux Community).
Summary of Capital Improvement Program Planning Documents:
See attachment 3 for the draft Capital Improvement Program (CIP) documents.
PAVEMENT MANAGEMENT PLAN – TRANSPORATION & 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 $11.5M for streets
over the 10-year planning period.
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Funding for pavement management includes annual gas and electric franchise fee revenue
dedicated to pavement management, estimated at an annual average of $1.5M/year for the five-
year planning period. 2025 pavement management fee revenue is estimated to be $1.4M/year.
Staff recommend reviewing and updating the franchise fees every three years. The Council
recently approved updated rates for 2025.
The proposed projects for 2026 – 2030 are noted below.
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.
2029 – Frost Point Cir SE
This is proposed to be a full reconstruction with water, sewer, and stormwater improvements. The
project area includes all of Frost Point Cir SE.
2030 – Raspberry Ridge Neighborhood
This is proposed to be a full reconstruction with water, sewer, and stormwater improvements. The
project area includes Raspberry Ridge Rd NE, Appaloosa Trl NE, Black Oak Rd NE, Hidden Pond
Trl NE, Timberglade Cir NE and Highland Ct NE.
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
Attachment 3 for more details.
Funding Sources:
Based on the planned use of funds for equipment replacement, the annual tax levy needs to be
increased to meet our needs. The council has directed staff to smooth the levy increase where
possible, so an annual increase of approximately $50,000 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.
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The proposed tax levy funding level for 2026 is $925,000. We will continue to incrementally
increase the property tax levy to get to our annual funding goal. Debt issuance is proposed in this
fund in 2027 and 2030, primarily for fire truck replacements.
See Attachment 3 for more details.
PARK PLAN
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 have 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 $20 million in 2026, 2028 and 2030. This
would provide funding for park improvements at 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 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 Attachment 3 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 City Hall and the Police Station buildings
were both built in 2006 and need significant facility component replacement. An evaluation was
completed to determine the remaining useful life of some of the major facility components such
as HVAC systems, roofing, etc. Based on this evaluation and review by the Facilities Manager,
significant facility project costs for City Hall and the Police Station are included in the FMP
including replacement of VAV boxes, chillers, air handlers, roofing, and carpet. Bonding for these
major projects is slated for 2026, 2028 and 2029.
See Attachment 3 for facilities plan details.
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 3. Significant projects include Storage Area Network (SAN) and server
replacements in 2026, phone system upgrade in 2027, and Council Chambers equipment in 2028.
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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.
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
2026 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 4.9-5.1% in their 2026 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, funding is achieved through rates charged and/or debt issuance over the 10-year
planning period.
To achieve this, the following rate increases are proposed for 2026 (medium water user):
Sewer fee details: The increase in sewer fee is due to $9M in planned project spend over the next
3 years as well as the council direction to avoid debt issuance when possible and instead increase
Total per Year202520262027202820292030
High User$ 6,258$ 6,562$ 6,787$ 7,020$ 7,274$ 7,538
Medium User$ 1,355$ 1,423$ 1,471$ 1,521$ 1,570$ 1,620
Low User$ 887$ 933$ 964$ 996 $ 1,025$ 1,056
Annual Increase
High User$ 304$ 225$ 233 $ 254 $ 264
Medium User$ 67 $ 48 $ 50$ 49$ 50
Low User$ 46 $ 31 $ 32$ 29$ 30
Annual Percentage Increase
High User4.9%3.4%3.4%3.6%3.6%
Medium User5.0%3.4%3.4%3.2%3.2%
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Low User5.1%3.3%3.3%2.9%2.9%
Average5.0%3.4%3.4%3.3%3.3%
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rates. The proposed sewer increase for a residential property (median user) at 7.3% would be
$45.15 per year or approximately $4 per month.
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 3.45% for 2026, 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:
Sample Bimonthly Utility Bill:
The Water, Sewer and Water Quality Financial Management Plan Cash by Purpose, projected
change in rates and CIP are shown on Attachment 3.
FINANCIAL IMPACT:
Debt Analysis and Tax Impact
In reviewing the 2026-2030 Capital Improvement Program, the City Council should consider the
level of debt as well as the annual tax impact of the scheduled projects.
The 2026-2030 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.
As of 12/31/2024, the City of Prior Lake had $26.5M in debt. The following chart reflects the type
of debt. One-third of the debt is for facilities: Water Treatment Plant (through 2030), Fire Station
#2, City Hall, and the Police Station (through 2031).
Amount as of
Debt TypePurpose
December 31, 2024
8,970,000
G.O. Special Assessments Street Improvement Projects
G.O. TIF Bonds0Tax Increment Project
G.O. Bonds (MV) 1,785,000 Referendum Project (Fire Station #2)
G.O. Bonds3,540,000Street Reconstruction Projects
Public Works Building and CIP
G.O. Bonds1,860,000
Projects
G.O. Bonds670,000Equipment
Maintenance Facility, Water
G.O. Revenue Bonds6,360,000Treatment Facility & Utility
Replacement Projects
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G.O. Capital Improvement
3,155,000City Hall & Police Station
Bonds
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Energy Lease Loan Payable Guaranteed Energy Savings Program
148,731
(GESP)Projects
Total26,488,731
The 2026-2030 CIP anticipates the following bonding (debt issuance) needs:
The city is considering the 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 as part of the city’s debt levy. The city is in the planning stage 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 2026-2031 Park Plan includes bonding of $60,000,000 for Park Improvements,
primarily for community parks. The plan reflects bonding for major community park
improvements planned for Spring Lake and Lakefront community parks, and
neighborhood park improvements. Estimated funding needs in the five-year plan have
been identified as $5M in 2026, $15M in 2027, $5M in 2028, $15M in 2029, $5M in 2030,
and $15M in 2031 (year six of the CIP Park Plan). The funding needs by year may change
as community discussion of the proposed projects continues in 2025 and the scope and
timing of specific projects is determined. 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 $4,810,000 of bonding for major equipment
replacement expenditures primarily for fire truck replacements (ladder truck in 2027 and
pumper truck in 2030).
Bonding of $3,165,000 for major park replacement expenditures includes the replacement
for the four Ponds Parking Lots and entrance road in 2028.
Long-Term Financial Planning
Bond Proceeds for Capital Projects
Projected Bonding by Year
Fund Name
202520262027202820292030
Capital Park Fund F226 (Park Improvement Bonds) - 5,000,000 15,000,000 5,000,000 15,000,000 5,000,000
Revolving Equip Fund F410 - 3,060,000 - - 1,750,000
Revolving Park Equip Fund F430 - - - 3,165,000 - -
Facilities Mgmt Fund F440 - 2,060,000 - 2,575,000 2,165,000
PIR Revolving Fund F450 - 500,000 230,000 415,000 -
Construction Fund F501 2,157,000 5,870,000 3,575,000 3,870,000 4,185,000 4,365,000
-
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Governmental Funds Subtotal 2,157,000 12,930,000 22,135,000 14,840,000 21,765,000 11,115,000
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Water Fund - - - - - -
Stormwater Fund - - - - - -
The Facilities Plan includes $6,800,000 of bonding for major facility repairs for City Hall
Sanitary Sewer Fund - - - 5,150,000 - -
Utility Funds Subtotal - - - 5,150,000 - -
and Police Station replacement of membrane roofing and heating, ventilation, and air
City total Debt Issuance - All funds 2,157,000 12,930,000 22,135,000 19,990,000 21,765,000 11,115,000
conditioning (HVAC) updates, and parking/safety enhancements. This was subsequently
reduced to $5,500,000 as major facility maintenance project years were shifted to manage
the bonding and tax levy impacts.
The Pavement Management Plan includes bonding of $23,010,000 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 Sewer Fund includes bonding of $5,150,000 for planned expenditures for sewer
replacement costs on street reconstruction projects as well as lift station rehab, sewer
lining, and SCADA software update.
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 $26.5M at the end
of 2024 to $85.6M at the end of 2030. Approximately $43M of the projected 2030 debt is for
proposed community and neighborhood park improvements.
Projected Change in Debt Levy
Long-Term Financial Planning Long-Term Financial Planning
202520262027202820292030
Projected Change in Debt Outstanding
Change in Debt Levy
Projected
202520262027202820292030
Debt Service Levy (not incl Park Improvement Bonds) (244,692) 105,266 625,046 397,324 175,689 (126,335)
202520262027202820292030
Total Debt Outstanding (Existing & Planned)
Debt Levy (Park Improvement Bonds Only) - - 470,838 1,295,929 136,717 1,294,469
Debt Per Capita (assumes popluation growth)
Governmental Funds Debt Outstanding 19,750,000 28,925,000 46,880,000 57,105,000 73,715,000 80,120,000
Change in Debt Levy (244,692) 105,266 1,095,884 1,693,253 312,406 1,168,135
Debt Per Capita (not incl Park Improvement Bonds) 853 967 1,039 1,380 1,420 1,463
Enterprise Funds Debt Outstanding 4,395,000 3,585,000 2,735,000 6,995,000 6,245,000 5,460,000
Debt Per Capita (incl Park Improvement Bonds) 853 1,143 1,734 2,231 2,763 2,937
Total Debt Outstanding (Existing & Planned) 24,145,000 32,510,000 49,615,000 64,100,000 79,960,000 85,580,000
Park Improvement Debt Only - 5,000,000 19,890,000 24,450,000 38,880,000 42,960,000
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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 2026-2030 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 and neighborhood park improvements of $5M in 2026,
$15M in 2027, $5M in 2028, $15M in 2029 and $5M in 2030. (Additional $15M also planned for
2031, year six of the 10-year CIP.) 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.
Projected CIP Tax LevyProjected Change in CIP Tax Levy
Projected Debt Service (funded by Utility Fund Revenues)
2026-2030 CIP CIP Tax Levies:2025-2030 CIP
202520252026202620272027202820282029202920302030
202520262027202820292030
Debt Service Levy (not incl Park Improvement Bonds)Debt Service Levy (not incl Park Improvement (244,692) 105,266 625,046 397,324 175,689 (126,335)
Water 789,000 791,950 801,700 810,450 645,350 652,650
Debt Levy (Park Improvement Bonds Only)Bonds) 3,191,678 3,296,944 - 3,921,990 - 470,838 4,319,314 1,295,929
4,495,003 136,717 4,368,668 1,294,469
Sewer 164,250 162,500 165,500 168,000 497,325 394,550
Equipment Revolving FundDebt Levy (Park Improvement Bonds Only) - 50,000 - (100,000) 470,838 50,0001,766,767
100,000 1,903,484 70,000 3,197,953 50,000
Stormwater 86,830 89,650 87,650 90,650 88,400 91,150
Revolving Park Equip FundEquipment Revolving Fund 1,025,000 20,000 925,000 60,000 975,000 60,0001,075,000 50,000
1,145,000 50,000 1,195,000 50,000
Facilities Management FundRevolving Park Equip Fund 535,000 50,000 595,000 50,000 655,000 50,000 705,000
50,000 755,000 50,000 805,000 50,000
PIR FundFacilities Management Fund 255,000 305,000- - 355,000 - 405,000
- 455,000 - 505,000 -
Change in Total CIP Tax LeviesPIR Fund - (124,692) - 115,266 - 1,255,884 - 1,893,253
- 482,406 1,318,135-
Total CIP Tax Levies 5,006,678 5,121,944 6,377,828 8,271,081 8,753,487 10,071,621
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These projected debt service levy estimates for the years 2025-2030 are based on level annual
debt service payments.
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:
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
CITY PROPERTY TAX PROJECTION - INCLUDING PARK IMPROVEMENT BONDS
Five Year Planning Period
202520262027202820292030
TAX LEVIES
General Fund Levy - Tax Capacity 14,848,732 16,238,411 17,660,526 19,264,383 20,425,810 21,695,077
265,888 273,988 281,638 283,838 290,738
General Fund Levy - Market Value 262,488
Debt Service Fund (not incl Park Improvement Bonds) 2,929,190 3,031,056 3,648,002 4,037,676 4,211,165 4,077,930
Debt Levy (Park Improvement Bonds Only) 470,838 1,766,767 1,903,484 3,197,954
CIP Funds 1,815,000 1,825,000 1,985,000 2,185,000 2,355,000 2,505,000
Total Tax Levies 19,855,410 21,360,355 24,038,354 27,535,464 29,179,297 31,766,698
Annual $ Change 1,859,077 1,504,945 2,677,998 3,497,111 1,643,832 2,587,401
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TOTAL % CHANGE IN TAX LEVIES - including Park Imp Bonds6.2%7.6%12.5%14.5%6.0%8.9%
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CITY TAX CAPACITY TAX RATE- No Park Improvement Bonds31.36%33.98%36.32%37.17%37.62%
Annual % Change2.82%8.35%6.87%2.34%1.21%
improvements for streets, equipment replacement and facilities capital maintenance projects.
CITY TAX CAPACITY TAX RATE- Including Park Improvement Bonds31.36%34.71%38.97%39.92%42.07%
Annual % Change2.82%10.67%12.27%2.44%5.40%
Debt repayment is based on level annual debt service payments.
Debt per Capita - No Park Improvement Bonds 853 967 1,039 1,380 1,420 1,463
Debt per Capita - Including Park Improvement Bonds 853 1,143 1,734 2,231 2,763 2,937
Bonds Outstanding - No Park Improvement Bonds 24,145,000 27,510,000 29,725,000 39,650,000 41,080,000 42,620,000
Change in Bonds Outstanding 3,365,000 2,215,000 9,925,000 1,430,000 1,540,000
As part of the city’s financial planning, the city is planning for a park referendum Fall 2025 for
Bonds Outstanding - Including Park Improvement Bonds 24,145,000 32,510,000 49,615,000 64,100,000 79,960,000 85,580,000
$60M in park improvements. If approved by the voters, approximate bonding needs/projects
Change in Bonds Outstanding 8,365,000 17,105,000 14,485,000 15,860,000 5,620,000
would be spread over six years (2026-2031) for community parks and neighborhood
improvements. This would provide funding for park improvements at Spring Lake Park, Lakefront
Park and neighborhood parks and trails.
Funding for proposed projects in the CIP results in an estimated 10-year average tax levy increase
of 7.8% and an estimated 10-year average tax rate increase of 4.1%. This is in line with the
parameters established in the city’s 2023 long range financial planning study.
The estimated tax levies and tax rate projections for the city’s five-year financial plan are shown
below.
ALTERNATIVES:
1. Motion and Second to close the Public Hearing and 1) approve the 2026-2030 Capital
Improvement Program, 2) approve the 2026-2030 Capital Improvement Plan as part of
the Facilities Management Plan and 2) approve the 2026-2030 Street Reconstruction
Plan
ATTACHMENTS:
1. Attach 3 Five-Year Capital Improvement Plan
2. Attach 4 Facilities Capital Improvement Plan
3. Attach 5 Street Reconstruction Plan
4. Resolution 1 - Approve the 2026-2030 Capital Improvement Program (CIP)
5. Resolution 2 – Approve Issuance of CIP Bond and Adopt Facilities Capital Improvement
Plan
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6. Resolution 3 – Approve Issuance of Street Reconstruction Bonds and Adopt the Street
Reconstruction Plan
EXTRACT OF MINUTES OF A MEETING OF THE
CITY COUNCIL OF THE CITY OF PRIOR LAKE, MINNESOTA
HELD: August 12, 2025
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 duly held at City Hall on August 12, 2025,
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 $5,775,000 AND ADOPTING THE CITY OF PRIOR LAKE, MINNESOTA,
CAPITAL IMPROVEMENT PLAN FOR THE YEARS 2026 THROUGH 2030
WHEREAS, the City Council (the "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 Capital Improvement Plan for the years 2026 through 2030
(the "Plan"); and
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 posted pursuant to and in accordance with
Minnesota Statutes, Sections 475.521 and 331A.10, subd. 2; and
WHEREAS, a public hearing on the intention to issue the Bonds and on the proposed Plan
has been held on this date; and
WHEREAS, in approving the Plan, the 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;
7. Operating costs of the proposed improvements; and
8. Alternatives for providing services more efficiently through shared facilities with
other local governmental units; and
174500621v1
WHEREAS, the Council has determined that the issuance of general obligation capital
improvement plan bonds in the aggregate principal amount of up to $5,775,000 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 Council hereby ratifies the actions of the City Clerk in causing the publication
of the Public Hearing Notice to be posted on the City's website and on the Minnesota Newspaper
Association's statewide public notice website, as required by law; and the City hereby adopts the
Plan and authorizes the issuance of up to $5,775,000 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.
\[Bonds must be approved by at least a three-fifths vote of the membership.\]
\[Issuance of Bonds is subject to a 30-day reverse referendum after the public hearing.\]
2
174500621v1
STATE OF MINNESOTA
SCOTT COUNTY
CITY OF PRIOR LAKE
I, the undersigned, being the duly qualified and acting City Clerk of the City of Prior Lake,
Minnesota, DO HEREBY CERTIFY that I have compared the attached and foregoing extract of
minutes with the original thereof on file in my office, and that the same is a full, true and complete
transcript of the minutes of a meeting of the City Council, duly called and held on the date therein
indicated, insofar as the minutes relate 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 12, 2025.
_______________________________________
Heidi Simon, City Clerk
3
174500621v1
EXTRACT OF MINUTES OF A MEETING OF THE
CITY COUNCIL OF THE CITY OF PRIOR LAKE, MINNESOTA
HELD: August 12, 2025
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 duly held at City Hall on August 12, 2025,
at 7:00 P.M., for the purpose, in part, of adopting a street reconstruction plan and authorizing
issuance of street reconstruction bonds.
The following members were present:
and the following were absent:
Member ______________ introduced the following resolution and moved its adoption:
RESOLUTION NO. ___________
RESOLUTION ADOPTING A STREET RECONSTRUCTION PLAN AND APPROVING
THE ISSUANCE OF GENERAL OBLIGATION STREET RECONSTRUCTION BONDS
WHEREAS, the City Council (the "Council") of the City of Prior Lake, Minnesota (the
"City"), has determined that it is in the best interest of the City to authorize the issuance and sale
of general obligation street reconstruction bonds pursuant to Minnesota Statutes, Section 475.58,
subdivision 3b, as amended (the "Act"), to finance the cost of street reconstruction projects, as
described in the proposed street reconstruction plan described below, a copy of which is on file in
the City Clerk's office; and
WHEREAS, pursuant to the Act, the City is authorized to issue and sell general obligation
street reconstruction bonds for street reconstruction under the circumstances and within the
limitations set forth in the Act. The Act provides that a street reconstruction plan may be financed
with general obligation street reconstruction bonds, following adoption of a street reconstruction
plan, after a public hearing on the street reconstruction plan and on the issuance of general
obligation street reconstruction bonds and other proceedings conducted in accordance with the
requirements of the Act; and
WHEREAS, pursuant to the Act, the City has prepared a five year street reconstruction
plan for calendar years 2026 through 2030, which describes the streets to be reconstructed, the
estimated costs and any planned reconstruction of other streets in the City, including the issuance
of general obligation street reconstruction bonds under the Act (the "Plan"), to determine the
funding strategy for street reconstruction projects; and
WHEREAS, on August 12, 2025, the Council held a public hearing on the adoption of the
Plan and the issuance of not to exceed $24,900,000 general obligation street reconstruction bonds
(the "Bonds") under the Plan for street reconstruction improvements to those streets described in
the Plan (the "Street Reconstruction Projects") after posting the notice of public hearing not less
than 10 days nor more than 28 days prior to the date thereof on the City's website and on the
Minnesota Newspaper Association's statewide public notice website,; and
174500620v1
WHEREAS, all parties who appeared at the public hearing were given an opportunity to
express their views with respect to the proposal to adopt the Plan and to undertake and finance the
Street Reconstruction Projects by the issuance of Bonds and any written comments submitted prior
to the public hearing were considered.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Prior Lake,
Minnesota, as follows:
1. Public Hearing Notice. The Council hereby ratifies the actions of the City Clerk in
causing the publication of the Public Hearing Notice to be posted on the City's website and on the
Minnesota Newspaper Association's statewide public notice website, as required by law.
2. City Policies and Goals. The financing of the Street Reconstruction Projects and
the issuance and sale of the Bonds would further the policies and goals of the City as set forth in
the Plan, hereby adopted by the Council in connection with the issuance of the Bonds.
3. Adoption of Street Reconstruction Plan. Based on information received at the
public hearing, such written comments (if any) and such other facts and circumstances as the
Council deems relevant, it is hereby found, determined and declared that:
(a) the Street Reconstruction Projects proposed in the Plan will allow the City to
upgrade its transportation infrastructure to accommodate anticipated and existing
residential and commercial development; and
(b) the Plan is hereby approved and adopted in the form presently on file with the City.
4. Authorization and Approval of Bonds. The City is hereby authorized to issue the
Bonds, the proceeds of which will be used, together with any additional funds of the City which
might be required, to finance certain costs of the Street Reconstruction Projects and to pay costs
of issuance of the Bonds.
5. Execution of Documents. The Mayor and City Manager are authorized and directed
to execute such other documents and instruments as may be required to give effect to the
transactions herein contemplated.
6. Voter Referendum Contingency. Pursuant to the Act, a petition requesting a vote
on the question of issuing the Bonds, signed by voters equal to five percent of the votes cast in the
last municipal general election, may be filed within thirty days of the public hearing. Upon receipt
of such petition within the prescribed time period, the City may issue the Bonds only after
obtaining the approval of a majority of the voters voting on the question of the issuance of the
Bonds. The authorizations and approvals contained herein are subject to and contingent upon not
receiving such a petition, or, in the event such a petition is filed, the approving vote of a majority
of the voters voting on the question of the issuance of the Bonds.
The motion for the adoption of the foregoing resolution was duly seconded by member
_____________ and, after a full discussion thereof and upon a vote being taken thereon, the
following voted in favor thereof:
2
174500620v1
and the following voted against the same:
Whereupon the resolution was declared duly passed and adopted.
\[Bonds must be approved by at least a two-thirds vote of the membership present.\]
\[Issuance of Bonds is subject to a 30-day reverse referendum after the public hearing.\]
3
174500620v1
STATE OF MINNESOTA
SCOTT COUNTY
CITY OF PRIOR LAKE
I, the undersigned, being the duly qualified and acting City Clerk of the City of Prior Lake,
Minnesota, DO HEREBY CERTIFY that I have compared the attached and foregoing extract of
minutes with the original thereof on file in my office, and that the same is a full, true and complete
transcript of the minutes of a meeting of the City Council, duly called and held on the date therein
indicated, insofar as the minutes relate to adopting a street reconstruction plan and the issuance of
general obligation street reconstruction bonds.
WITNESS my hand on August 12, 2025.
________________________________
Heidi Simon, City Clerk
4
174500620v1
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 25-
ADOPT THE 2026-2030 CAPITAL IMPROVEMENT PROGRAM (CIP)
Motion By: Second By:
the CIP is a flexible planning document that attempts to balance the financial resources of the
WHEREAS,
City with its needs; and
WHEREAS, during the course of the preparation and review of the 2026 to 2030 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, the CIP covers a period of five (5) years and is updated annually; and
staff presented a summary of the 2026-2030 CIP at the August 12, 2025, City Council meeting to
WHEREAS,
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
WHEREAS, 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 2026-2030 Capital Improvement Program is hereby approved.
Passed and adopted by the Prior Lake City Council this 12th day of August 2025.
VOTE Briggs Braid Churchill Hellier Lake
Aye
☐ ☐ ☐ ☐ ☐
Nay
☐ ☐ ☐ ☐ ☐
Abstain
☐ ☐ ☐ ☐ ☐
Absent
☐ ☐ ☐ ☐ ☐
______________________________
Jason Wedel, City Manager
CapitalCapital
ImprovementImprovement
ProgramProgram
2026-20302026-2030
DRAFT
Date: August 12, 2025
To: Mayor Briggs, Council Members and Residents of Prior Lake
From: Jason Wedel, City Manager
Subject: 2026-2030 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
2026-2030 CAPITAL IMPROVEMENT PROGRAM
Adopted August 12, 2025
by the
PRIOR LAKE CITY COUNCIL
Term Expires
Mayor Kirt Briggs December 31, 2028
Councilmember Zach Braid December 31, 2028
Councilmember Kim Churchill December 31, 2026
Councilmember Victor Lake December 31, 2026
Councilmember Ethan Hellier December 31, 2028
STAFF
City Manager Jason Wedel
Assistant City Manager Lori Olson
Finance Nicole Klekner
City Engineer/Public Works Nick Monserud
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 (2026-2030)
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 8/12/2025) identifies the projects
that could potentially be funded by street reconstruction bonds
6.Equipment Replacement Plan (2026-2030)
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 (2026-2030)
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 (2026-2030)
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 8/12/25) identifies the projects that
could potentially be funded by capital improvement plan bonds.
DRAFT
TABLE OF CONTENTS (Pg 2 of 2)
9. Technology Plan (2026-2030)
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
2026-2030 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 (Annual
Street Improvement Project(s) 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.
The Pavement Management Plan identifies the annual street improvement project(s) and annual
street overlay project.
o Annual Street Improvement Project(s) – identifies the major roadway
improvements involving both new and reconstruction projects that need to be
coordinated with Scott County.
o Annual Street Overlay – identifies the City’s annual street overlay costs and
anticipated project levy and bonding for the special assessment portion of the
annual project costs.
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 $10,000 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.
The Technology Plan identifies the hardware and major software needs for each department and
establishes a regular replacement schedule
The Enterprise Funds plans (Water, Sewer and Storm Water) identify the amount of capital
necessary for infrastructure replacements and improvements needed to supply water to the city,
collect and discharge sanitary waste, and treat stormwater discharge in the city.
DRAFT
2026 through 2030
Capital Improvement Plan
Prior Lake, MNDepartment Summary
Department 2026 2027 2028 2029 2030 Total
Building Inspection 50,000 50,000
Cable 10,000 8,000 18,000
Central Garage 20,000 20,000 20,000 20,000 55,000 135,000
Elections 30,000 20,000 20,000 20,000 90,000
Engineering 55,000 55,000
Facilities 1,281,000 701,260 1,878,760 1,012,500 2,005,600 6,879,120
Fire 70,000 1,369,540 20,000 1,587,500 3,047,040
Parks 327,000 539,000 197,500 285,500 40,500 1,389,500
Parks: Projects 870,000 2,230,000 4,031,000 877,000 283,500 8,291,500
Police 402,600 391,600 589,000 304,000 340,000 2,027,200
Streets 843,000 905,000 920,500 418,800 825,500 3,912,800
Streets: Overlay 990,000 516,000 1,363,000 2,869,000
Streets: Transportation 11,363,000 6,131,000 8,757,000 12,799,000 8,108,000 47,158,000
Technology 122,000 70,000 16,000 10,000 20,000 238,000
Trunk Fund 3,061,800 1,500,000 2,000,000 6,561,800
Utility: Sewer Fund 1,688,000 1,732,000 1,996,000 2,061,000 2,141,000 9,618,000
Utility: Storm Water Fund 402,000 550,000 568,000 466,000 484,000 2,470,000
Utility: Water Fund 2,486,000 610,500 1,135,500 1,062,000 232,500 5,526,500
GRAND TOTAL 22,966,400 17,769,900 22,633,260 20,773,800 16,193,100 100,336,460
Produced Using Plan-It CIP Software
N
DRAFT
2026 through 2030
Capital Improvement Plan
Prior Lake, MNFunding Source Summary
Source 2026 2027 2028 2029 2030 Total
Cable Franchise Fund (F210)10,000 8,000 18,000
Capital Park Fund (F225)600,000 550,000 1,150,000
City MSA Funds 295,000 3,262,000 3,557,000
Construction Fund (F501)548,000 548,000
County 250,000 250,000
Facilities Management Fund (F440)701,260 2,005,600 2,706,860
Federal Grant 212,500 1,000,000 1,212,500
Franchise Fees 1,900,000 1,151,000 1,600,000 1,200,000 1,200,000 7,051,000
General Fund (F101)152,000 90,000 16,000 30,000 40,000 328,000
G.O. Capital Equipment Bonds 3,058,140 1,750,000 4,808,140
G.O. Capital Imp Bonds - 2028 5,043,760 5,043,760
G.O. Capital Improvement Bonds 1,281,000 1,012,500 2,293,500
G.O. SA Bonds - Overlay Assessment 285,000 221,000 401,000 907,000
G.O. SA Bonds - Project Assessment 1,000,000 340,000 645,000 1,367,000 834,000 4,186,000
G.O. SA Bonds - Project Levy 4,700,000 3,130,000 2,356,000 3,449,000 3,405,000 17,040,000
Grants/Other Contrib.170,000 170,000
Perm. Imp. Revolving Fund (F450)505,000 505,000
Revolving Equip. Fund (F410)1,662,600 167,000 1,585,750 1,103,300 1,133,500 5,652,150
Revolving Park Equip. Fund (F430)487,500 630,000 866,000 327,000 283,500 2,594,000
SMSC Cost Sharing 1,000,000 1,000,000
Street Oversize Fund (F503)352,000 352,000
Trunk Reserve Fund (F502)3,061,800 1,500,000 2,000,000 6,561,800
Utility: Sewer Fund (F604)2,708,000 2,432,000 3,529,000 3,224,000 2,623,584 14,516,584
Utility: Storm Water Fund (F602)1,095,000 910,000 1,182,250 1,172,000 1,389,333 5,748,583
Utility: Water Fund (F601)3,636,000 1,260,500 3,285,500 2,426,000 1,528,583 12,136,583
GRAND TOTAL 22,966,400 17,769,900 22,633,260 20,773,800 16,193,100 100,336,460
Produced Using Plan-It CIP Software
2
2026 through 2030
Capital Improvement Plan
Prior Lake, MNProjects by Category And Department
Department
Category Project # 2026 2027 2028 2029 2030 Total
Equipment: Pick Ups/Vans
Truck 1/2 Ton 6398 50,000 50,000
Equipment: Pick Ups/Vans Total 0 0 0 0 50,000 50,000
Building Inspection Total 0 0 0 0 50,000 50,000
Cable
Equipment: Audio/Visual
Chambers Cameras and Mics COMM-005 10,000 8,000 18,000
Equipment: Audio/Visual Total 0 10,000 8,000 0 0 18,000
Cable Total 0 10,000 8,000 0 0 18,000
Central Garage
Equipment: Miscellaneous
Welder 8920 10,500 10,500
Plasma Cutter 8921 4,500 4,500
Fuel Island Pedestal and Software 9900 20,000 20,000
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 55,000 135,000
Central Garage Total 20,000 20,000 20,000 20,000 55,000 135,000
Elections
I.T.- General Equipment
Tabulators - qty 2 ELEC-002 20,000 20,000 20,000 60,000
Absentee ImageCast ELEC-003 30,000 30,000
I.T.- General Equipment Total 30,000 20,000 0 20,000 20,000 90,000
Elections Total 30,000 20,000 0 20,000 20,000 90,000
Engineering
Equipment: Pick Ups/Vans
Truck-1 Ton 6399 55,000 55,000
Equipment: Pick Ups/Vans Total 0 0 0 55,000 0 55,000
Engineering Total 0 0 0 55,000 0 55,000
Facilities
Facil: City Hall
Membrane Roofing 440-017 500,000 500,000
Glass Doors 440-034 12,000 12,000
Coiling Doors 440-037 16,500 16,500
Carpet 440-038 120,000 120,000
Brick Wallcovering / Cherrywood
Paneling 440-088 25,000 25,000
Greenheck Exhaust (2)440-093 14,000 14,000
Air Handler (2)440-094 250,000 250,000
Building Inspection
Produced Using Plan-It CIP Software
ceN
DRAFT
Chiller 440-095 171,500 171,500
Miscellaneous 440-096 7,000 7,000
Project Development for 2028 Imp 440-189 98,000 79,000 108,000 285,000
Secured Entry Card Reader System 440-190 10,000 10,000
Front Desk Remodel 440-201 130,000 130,000
Masonry Work 440-202 160,000 160,000
Sidewalk Repair 440-203 15,000 15,000
Elevator Upgrade 440-204 30,000 30,000
Retaining Wall 440-205 45,000 45,000
Sewage Ejector Pump 440-206 12,000 12,000
Emergency Repairs - All Bldgs 440-208 150,000 150,000 150,000 150,000 150,000 750,000
Emergency Lighting 440-209 35,000 35,000
Heat Pumps 440-210 30,000 30,000
VFD Controller Pumps 440-211 9,000 18,000 27,000
IT Data Closet 440-212 6,000 6,000
Chiller Primary Pumps 440-213 30,000 30,000
Chiller Secondary Pumps 440-214 30,000 30,000
BAS Upgrade 440-215 175,000 175,000
Bathroom Remodel - Main Level 440-216 20,000 20,000
Facil: City Hall Total 435,000 274,000 1,147,000 660,000 390,000 2,906,000
Facil: Fire Station #1
Infrared Heaters 440-071 108,500 108,500
Rooftop Unit 440-072 171,000 171,000
Windows - Aluminum 440-084 70,000 70,000
Trash Enclosure 440-122 3,500 3,500
Masonry Work 440-231 30,000 30,000
Facil: Fire Station #1 Total 30,000 0 0 0 353,000 383,000
Facil: Fire Station #2
Irrigation System 440-055 14,000 14,000
Overhead Doors 14x14 440-056 32,500 32,500
Pressure Washer (2 Stations)440-057 11,500 11,500
Epoxy Flooring 440-059 82,000 82,000
Exhaust Fan (2)440-123 15,000 15,000
Air Exchanger 440-124 20,000 20,000
Make-Up Air Unit 440-125 60,000 60,000
Miscellaneous 440-126 14,000 14,000
Gas Monitor (2)440-127 15,000 15,000
Paint Garage Doors 440-233 10,000 10,000
Masonry Work 440-234 30,000 30,000
Facil: Fire Station #2 Total 40,000 95,000 0 14,000 155,000 304,000
Facil: Lakefront Pavilion
Roof Replacement 440-196 125,000 125,000
Facil: Lakefront Pavilion Total 125,000 0 0 0 0 125,000
Facil: Library & Club Prior
HVAC Control System 440-052 131,500 131,500
Condensing Unit 440-064 75,000 75,000
Light Fixtures 440-065 63,000 63,000
Tile Walls 440-067 9,100 9,100
Air Handling Unit - Trane 440-110 100,000 100,000
Restroom Exhaust Fan 440-111 5,500 5,500
Wall Coverings 440-113 10,500 10,500
Air Handling Unit - McQuay 440-114 110,000 110,000
Humidifiers (2)440-115 18,000 18,000
Secured Entry Card Reader System 440-194 10,000 10,000
Department
Category Project # 2026 2027 2028 2029 2030 Total
Produced Using Plan-It CIP Software
ce2
DRAFT
Masonry Work 440-224 50,000 50,000
Fire Sprinkler System 440-225 150,000 150,000
Project Development for 2029 Imp 440-226 66,760 66,760 133,520
Facil: Library & Club Prior Total 200,000 198,260 66,760 318,500 82,600 866,120
Facil: Maintenance Ctr.
Maintenance Center Expansion 440-186 50,000 50,000
Secured Entry Card Reader System 440-198 10,000 10,000
Masonry Work 440-228 40,000 40,000
Masonry Work Salt Bldg 440-229 13,000 13,000
Facil: Maintenance Ctr. Total 103,000 0 0 10,000 0 113,000
Facil: Police Station
Membrane Roofing 440-029 350,000 350,000
Overhead Coiling Door (2)440-047 8,000 8,000
Locker Room Remodel 440-049 250,000 250,000
Boilers 440-075 150,000 150,000
Parking / Safety Enhancements 440-087 300,000 300,000
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
Air Handler - McQuay 440-104 85,000 85,000
VAV Boxes 440-106 50,000 50,000
Epoxy Flooring 440-107 85,000 85,000
Carpet 440-185 225,000 225,000
Project Development for 2026 Imp 440-192 53,000 49,000 49,000 151,000
Secured Entry Card Reader System 440-193 10,000 10,000
Masonry Work 440-217 65,000 65,000
Elevator Upgrade 440-219 30,000 30,000
AC Condenser 440-221 200,000 200,000
Bathroom Remodel - 3 440-222 150,000 150,000
Facil: Police Station Total 348,000 134,000 665,000 10,000 1,025,000 2,182,000
Facilities Total 1,281,000 701,260 1,878,760 1,012,500 2,005,600 6,879,120
Fire
Equipment: Apparatus
Fire Truck Pumper 9222 1,500,000 1,500,000
Fire Ladder Truck 9280 1,369,540 1,369,540
Equipment: Apparatus Total 0 1,369,540 0 0 1,500,000 2,869,540
Equipment: First Response
Chief 3 Explorer 9202 70,000 70,000
Equipment: First Response Total 70,000 0 0 0 0 70,000
Equipment: Other
Pressure Washer - FS1 8002 20,000 20,000
Pressure Washer - FS2 8003 20,000 20,000
Fire Radios FD-RADIOS 67,500 67,500
Equipment: Other Total 0 0 0 20,000 87,500 107,500
Fire Total 70,000 1,369,540 0 20,000 1,587,500 3,047,040
Parks
Equipment: Attachments
Landpride Drop Seeder 8264 16,000 16,000
Aerovator 8265 16,000 16,000
Fertilizer Spreader 8267 8,500 8,500
Department
Category Project # 2026 2027 2028 2029 2030 Total
Produced Using Plan-It CIP Software
ce3
DRAFT
Tiller 8268 9,000 9,000
Aerovator Seeder 8269 15,000 15,000
Tractor Snow Blower 8270 13,000 13,000
Stump Grinder 8272 12,000 12,000
Top Dresser 8273 20,000 20,000
Trail Blower 8278 7,500 7,500
Skid Steer Combo Plane 8279 5,000 5,000
Equipment: Attachments Total 0 12,000 21,500 56,000 32,500 122,000
Equipment: Loaders/Skid Steers
Skid Steer - Wheels 8501 110,000 110,000
Skid Steer - Tracks 8502 85,000 85,000
Forklift 8558 45,000 45,000
Equipment: Loaders/Skid Steers Total 0 130,000 110,000 0 0 240,000
Equipment: Pick Ups/Vans
Pick-Up 1/2 Ton 8319 55,000 55,000
Truck 1/2 Ton - Sanitation 8508 110,000 110,000
Truck-1 Ton 8540 58,000 58,000
Pickup 1/2 Ton 8541 50,000 50,000
Truck 1 Ton Dump 8546 120,000 120,000
Truck 1 Ton Dump 8547 120,000 120,000
Truck-1 Ton 8548 115,000 115,000
Equipment: Pick Ups/Vans Total 293,000 110,000 0 225,000 0 628,000
Equipment: Trailers
Trailer-Small Enclosed 8529 5,000 5,000
Trailer-Small 8530 6,000 6,000
Trailer-Small 8554 8,000 8,000
Equipment: Trailers Total 0 5,000 6,000 0 8,000 19,000
Equipment: Turf Care
Mower-16FT 8504 172,000 172,000
Mower Walk Behind 8511 4,500 4,500
Mower-6FT 8523 60,000 60,000
Utility Vehicle 8536 35,000 35,000
Utility Vehicle-Field Groomer 8537 34,000 34,000
Utility Vehicle 8539 34,000 34,000
Equipment: Turf Care Total 34,000 241,000 60,000 4,500 0 339,500
Equipment: Utility Equp.
Electric Scissor Lift 8551 25,000 25,000
Scissor Lift Drop Deck Trailer 8552 16,000 16,000
Equipment: Utility Equp. Total 0 41,000 0 0 0 41,000
Parks Total 327,000 539,000 197,500 285,500 40,500 1,389,500
Parks: Projects
New Park Development
Future Neighborhood Park
Development 225-001 550,000 550,000
TH 13 Trail Segment 2 (150th St to
Candy Cove)PRK26-000001 1,600,000 1,600,000
New Park Development Total 0 1,600,000 0 550,000 0 2,150,000
Park Replacement
Knob Hill BB Court Maintenance 430-001 20,000 20,000
Memorial BB Court Maintenance 430-004 22,000 22,000
Boudins BB Court Maintenance 430-006 20,000 20,000
Oakland BB Court Maintenance 430-007 22,000 22,000
Department
Category Project # 2026 2027 2028 2029 2030 Total
Produced Using Plan-It CIP Software
ce4
DRAFT
Wilds North BB Court Maintenance 430-010 15,000 15,000
Willows BB Court Maintenance 430-011 20,000 20,000
Green Oaks Picnic Shelter 430-017 20,000 20,000
Memorial Windscreen 430-025 7,000 7,000
Sand Point BB Court Maintenance 430-027 10,000 10,000
Sand Point Beach Renovation Study 430-030 100,000 100,000
Memorial Parking Lots (2)430-039 350,000 350,000
Watzls City Docks 430-043 150,000 150,000
Cardinal Ridge Parking Lot 430-044 45,000 45,000
Grainwood Crossing Parking Lot 430-045 5,000 5,000
Northwood Meadows BB Court
Maintenance 430-047 15,000 15,000
Crystal Lake Fishing Pier 430-049 80,000 80,000
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 20,000 20,000
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
Spring Lake Pickleball Courts 430-060 40,000 40,000
Ryan Playground 430-061 425,000 425,000
Watzls Lighting 430-063 8,500 8,500
Ponds Parking Lots (4), Entrance Road 430-069 75,000 2,500,000 2,575,000
Eagle Brook BB Court Maintenance 430-072 15,000 15,000
Eagle Brook Picnic Shelter 430-073 30,000 30,000
Enclave Picnic Shelter 430-074 30,000 30,000
Jeffers BB Court Maintenance 430-076 15,000 15,000
Jeffers Picnic Shelter 430-077 30,000 30,000
Memorial Other 430-078 100,000 100,000
Misc Playground PLAY 250,000 250,000 250,000 250,000 250,000 1,250,000
Park Replacement Total 870,000 630,000 4,031,000 327,000 283,500 6,141,500
Parks: Projects Total 870,000 2,230,000 4,031,000 877,000 283,500 8,291,500
Police
Equipment: Emergency Power
Generator - PD GEN-PD 170,000 170,000
Equipment: Emergency Power Total 170,000 0 0 0 0 170,000
Equipment: Emerg. Sirens
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 0 0 0 93,200
Equipment: Other
Speed Sign Trailer 7200 12,000 12,000
Equipment: Other Total 0 0 0 12,000 0 12,000
Equipment: Squads
Squad New 7116 69,000 69,000
Chief 7131 55,000 55,000
Commander 7132 52,000 52,000
SWAT Van 7133 250,000 250,000
Investigator 7134 40,000 40,000
Department
Category Project # 2026 2027 2028 2029 2030 Total
Produced Using Plan-It CIP Software
ce5
DRAFT
Squads-Marked Multiple 1 134,000 292,000 426,000
Squads-Marked Multiple 2 276,000 300,000 576,000
Squads-Marked Multiple 3 284,000 284,000
Equipment: Squads Total 186,000 345,000 589,000 292,000 340,000 1,752,000
Police Total 402,600 391,600 589,000 304,000 340,000 2,027,200
Streets
Equipment: Attachments
Skid Steer Rock Bucket 8251 2,500 2,500
Skid Steer Box Broom 8255 8,000 8,000
Message Board 8275 14,500 14,500
Skid Steer Jack Hammer 8280 10,000 10,000
Equipment: Attachments Total 0 0 0 14,500 20,500 35,000
Equipment: Dump Trucks
Truck-9 Ton-Dump-Tandem 8464 150,000 215,000 365,000
Truck-9 Ton Dump Tandem 8465 180,000 235,000 415,000
Truck-5 Ton-Dump-Single Axle 8466 213,000 213,000
Truck-5 Ton-Dump-Single Axle 8467 130,000 220,000 350,000
Truck-5 Ton-Dump 8468 155,000 230,000 385,000
Truck-5 Ton-Dump 8469 155,000 230,000 385,000
Hook Truck 8521 180,000 235,000 415,000
Equipment: Dump Trucks Total 493,000 745,000 460,000 360,000 470,000 2,528,000
Equipment: Loaders/Skid Steers
Loader Wheel 8789 350,000 350,000
Equipment: Loaders/Skid Steers Total 350,000 0 0 0 0 350,000
Equipment: Miscellaneous
Pressure Washer - Wash Bay 8000 15,000 15,000
Equipment: Miscellaneous Total 0 15,000 0 0 0 15,000
Equipment: Pick Ups/Vans
Truck 1 Ton - Signs 8450 160,000 160,000
Truck-1.5 Ton-Dump 8452 145,000 145,000
Truck 1.5 Ton Dump 8459 150,000 150,000
Pickup 1.5 Ton Dump 8550 130,000 130,000
Equipment: Pick Ups/Vans Total 0 145,000 130,000 0 310,000 585,000
Equipment: Street/Sidewalk
Hot Patcher 8429 48,000 48,000
Street Sweeper-Regenerative 8471 282,500 282,500
Asphalt Roller 8474 28,800 28,800
Equipment: Street/Sidewalk Total 0 0 330,500 28,800 0 359,300
Equipment: Trailers
Trailer 8479 25,000 25,000
Trailer 8482 15,500 15,500
Equipment: Trailers Total 0 0 0 15,500 25,000 40,500
Streets Total 843,000 905,000 920,500 418,800 825,500 3,912,800
Department
Category Project # 2026 2027 2028 2029 2030 Total
Produced Using Plan-It CIP Software
ce6
DRAFT
Streets: Overlay
Streets: Street Overlay
Northwoods Phase 2 Mill and Overlay PIR27-000001 990,000 990,000
Adelmann St Mill and Overlay PIR28-000001 516,000 516,000
Fish Point Mill and Overlay PIR29-000001 1,363,000 1,363,000
Streets: Street Overlay Total 0 990,000 516,000 1,363,000 0 2,869,000
Streets: Overlay Total 0 990,000 516,000 1,363,000 0 2,869,000
Streets: Transportation
Streets: City Jurisdiction
Lords Street Bridge Rehab TRN24-000002 300,000 300,000
Frost Point Circle TRN25-000002 1,315,000 1,315,000
Northwood Phase 1 TRN26-000001 10,163,000 10,163,000
Northwood Phase 2 Recon TRN27-000001 5,350,000 5,350,000
CSAH 17 Expansion TRN27-000002 211,000 211,000
Wilds Jeffers Sealcoat TRN27-000003 520,000 520,000
CR12 & CSAH 17 Intersection TRN27-000004 50,000 50,000
Green Heights Area TRN28-000001 8,757,000 8,757,000
Sunset Hills Area TRN29-000001 9,484,000 9,484,000
Berens Road Extension TRN29-000002 2,000,000 2,000,000
Raspberry Ridge Neighborhood TRN30-000001 8,108,000 8,108,000
Streets: City Jurisdiction Total 10,463,000 6,131,000 8,757,000 12,799,000 8,108,000 46,258,000
Streets: Partnership
Marsh Dr NE Ext TRN23-000001 900,000 900,000
Streets: Partnership Total 900,000 0 0 0 0 900,000
Streets: Transportation Total 11,363,000 6,131,000 8,757,000 12,799,000 8,108,000 47,158,000
Technology
I.T.- General Equipment
Ricoh MP C4504 - Admin TECH-EQ-005 10,000 10,000
Ricoh MP C2504 Fire TECH-EQ-008 11,000 11,000
Marco Phone Upgrade TECH-EQ-012 60,000 60,000
I.T.- General Equipment Total 0 70,000 11,000 0 0 81,000
I.T.- Network Infrastructure
General Equipment Contingency TECH-EQ-001 10,000 10,000
Firewall Replacement TECH-NW-001 5,000 5,000
HP Proliant DL380 ESX01 TECH-NW-006 20,000 20,000
HP Proliant DL380 ESX02 TECH-NW-007 20,000 20,000
Dell SAN TECH-NW-008 60,000 60,000
HP Procurve 5406 CH Switch TECH-NW-009 20,000 20,000
I.T.- Network Infrastructure Total 100,000 0 5,000 10,000 20,000 135,000
I.T.- Software
Office 365 Migrate Govt Licenses TECH-SW-008 22,000 22,000
I.T.- Software Total 22,000 0 0 0 0 22,000
Technology Total 122,000 70,000 16,000 10,000 20,000 238,000
Department
Category Project # 2026 2027 2028 2029 2030 Total
Produced Using Plan-It CIP Software
Ac7
DRAFT
Trunk Fund
Water/Sewer Updates
Mushtown Water Main Extension 502-1 1,500,000 1,500,000
Water Supply (New Well)502-2 2,000,000 2,000,000
Sanitary Sewer Pipe Casing CSAH 18 502-3 61,800 61,800
Cty Rd 12 New Water Sewer 502-4 3,000,000 3,000,000
Water/Sewer Updates Total 3,061,800 1,500,000 2,000,000 0 0 6,561,800
Trunk Fund Total 3,061,800 1,500,000 2,000,000 0 0 6,561,800
Utility: Sewer Fund
Equipment: Emergency Power
Generators - Towable 8776 100,000 100,000
Generator - Markley LS GEN-Credit 80,000 80,000
Generators - Estate LS GEN-Estate 125,000 125,000
Generator - Franklin LS GEN-Frank 125,000 125,000
Generator - Lime LS GEN-Lime 125,000 125,000
Equipment: Emergency Power Total 0 0 225,000 250,000 80,000 555,000
Equipment: Utility Equp.
Jet Vac 8784 700,000 700,000
Equipment: Utility Equp. Total 0 0 0 0 700,000 700,000
I.T.- Software
SCADA Updates SCADA 500,000 500,000 500,000 500,000 10,000 2,010,000
I.T.- Software Total 500,000 500,000 500,000 500,000 10,000 2,010,000
Wastewater
Sewer Lining and I&I Program 604-1 468,000 482,000 496,000 511,000 526,000 2,483,000
Lift Station Rehab LS 720,000 750,000 775,000 800,000 825,000 3,870,000
Wastewater Total 1,188,000 1,232,000 1,271,000 1,311,000 1,351,000 6,353,000
Utility: Sewer Fund Total 1,688,000 1,732,000 1,996,000 2,061,000 2,141,000 9,618,000
Utility: Storm Water Fund
Storm Sewer/Drainage
Glynwater Trail Culvert 602-11 30,000 30,000
Deerfield Lane Pond 602-12 80,000 80,000
Priorwood Street Channel / Pond Study 602-15 30,000 100,000 130,000
Shady Beach Trail Ravine 602-16 40,000 40,000
2029-2039 LSWMP Implementation
Projects 602-17 50,000 50,000
2030-2035 MS4 Permit Update 602-18 0 0
Local Surface Water Management Plan
(LSWMP)602-2 50,000 50,000
Stormwater Pond Maintenance 602-3 218,000 225,000 232,000 239,000 246,000 1,160,000
Storm Water Pond Planning and
Prioritization 602-6 34,000 35,000 36,000 37,000 38,000 180,000
Maintenance Projects 602-7 150,000 150,000 150,000 150,000 150,000 750,000
Storm Sewer/Drainage Total 402,000 550,000 568,000 466,000 484,000 2,470,000
Utility: Storm Water Fund Total 402,000 550,000 568,000 466,000 484,000 2,470,000
Utility: Water Fund
Equipment: Pick Ups/Vans
Staff Truck (WTF)8312 55,000 55,000
Department
Category Project # 2026 2027 2028 2029 2030 Total
Produced Using Plan-It CIP Software
Ac8
DRAFT
Equipment: Pick Ups/Vans Total 0 0 0 0 55,000 55,000
Equipment: Trailers
Trailer 8761 14,500 14,500
Trailer-Small 8771 6,000 6,000
Equipment: Trailers Total 0 0 0 0 20,500 20,500
Facil: Water Treatment
Membrane Roofing WTF-001 300,000 300,000
Masonry Work - WTF WTF-003 75,000 75,000
Masonry Work - Summit Booster WTF-004 8,000 8,000
Masonry Work - Wilds Booster WTF-005 16,000 16,000
Masonry Work - Wells WTF-006 32,000 32,000
HVAC Mini Split Well House (1 per year)WTF-010 10,000 10,500 11,000 11,500 12,000 55,000
Overhead Doors 16x16 WTF-011 75,000 75,000
Light Fixtures (Interior/Exterior)WTF-012 110,500 110,500
AC Condensing Unit WTF-013 54,500 54,500
HVAC Control System WTF-014 136,500 136,500
HVAC Pumps WTF-015 60,000 60,000
Indoor Air Handling WTF-016 36,500 36,500
Roof Exhaust Fans WTF-017 14,500 14,500
Chain Link Fence WTF-018 60,000 60,000
Irrigation System WTF-019 14,000 14,000
Facil: Water Treatment Total 141,000 10,500 498,500 385,500 12,000 1,047,500
Water Distribution
140th Interconnect Repair 601-10 75,000 75,000
Wilds Booster 601-11 529,000 529,000
Summit Booster 601-12 300,000 20,000 320,000
Jeffers PRV 601-13 7,500 7,500
Pike Lake PRV 601-14 10,000 10,000
Bulk Water Fill Station 601-17 50,000 50,000
LCRR Compliance 601-18 50,000 50,000 50,000 50,000 50,000 250,000
SCADA Updates SCADA - Water 10,000 10,000
Well Rehab 4 Well 4 52,000 52,000
Well Rehab 5 Well 5 65,000 65,000
Well Rehab 7 Well 7 65,000 65,000
Well Rehab 8 Well 8 60,000 60,000
Well Rehab 9 Well 9 50,000 50,000
WTP Filter Media Replacement WTR25-000001 500,000 500,000 1,000,000
North Tower Reconditioning WTR26-000001 1,800,000 1,800,000
South Tower Reconditioning WTR26-000002 10,000 10,000
Water Distribution Total 2,345,000 600,000 612,000 651,500 145,000 4,353,500
Water Treatment
Water Treatment Facility Equip
Replacement HSP 1 25,000 25,000
Water Treatment Facility Equip
Replacement HSP 2 25,000 25,000
Water Treatment Total 0 0 25,000 25,000 0 50,000
Utility: Water Fund Total 2,486,000 610,500 1,135,500 1,062,000 232,500 5,526,500
GRAND TOTAL 22,966,400 17,769,900 22,633,260 20,773,800 16,193,100 100,336,460
Department
Category Project # 2026 2027 2028 2029 2030 Total
Produced Using Plan-It CIP Software
Ac9
DRAFT
2026 through 2030
Capital Improvement Plan
Prior Lake, MNProjects By Funding Source
Source Project # 2026 2027 2028 2029 2030 Total
Cable Franchise Fund (F210)
Chambers Cameras and Mics COMM-005 10,000 8,000 18,000
Cable Franchise Fund (F210) Total 0 10,000 8,000 0 0 18,000
Capital Park Fund (F225)
Future Neighborhood Park
Development 225-001 550,000 550,000
TH 13 Trail Segment 2 (150th St to
Candy Cove)PRK26-000001 600,000 600,000
Capital Park Fund (F225) Total 0 600,000 0 550,000 0 1,150,000
City MSA Funds
Adelmann St Mill and Overlay PIR28-000001 295,000 295,000
Fish Point Mill and Overlay PIR29-000001 962,000 962,000
Sunset Hills Area TRN29-000001 2,300,000 2,300,000
City MSA Funds Total 0 0 295,000 3,262,000 0 3,557,000
Construction Fund (F501)
Marsh Dr NE Ext TRN23-000001 548,000 548,000
Construction Fund (F501) Total 548,000 0 0 0 0 548,000
County
Berens Road Extension TRN29-000002 250,000 250,000
County Total 0 0 0 250,000 0 250,000
Facilities Management Fund
(F440)
Membrane Roofing 440-029 350,000 350,000
HVAC Control System 440-052 131,500 131,500
Irrigation System 440-055 14,000 14,000
Overhead Doors 14x14 440-056 32,500 32,500
Pressure Washer (2 Stations)440-057 11,500 11,500
Epoxy Flooring 440-059 82,000 82,000
Light Fixtures 440-065 63,000 63,000
Tile Walls 440-067 9,100 9,100
Infrared Heaters 440-071 108,500 108,500
Rooftop Unit 440-072 171,000 171,000
Boilers 440-075 150,000 150,000
Windows - Aluminum 440-084 70,000 70,000
Produced Using Plan-It CIP Software
beN
Parking / Safety Enhancements 440-087 300,000 300,000
Epoxy Flooring 440-107 85,000 85,000
Wall Coverings 440-113 10,500 10,500
Trash Enclosure 440-122 3,500 3,500
Exhaust Fan (2)440-123 15,000 15,000
Air Exchanger 440-124 20,000 20,000
Make-Up Air Unit 440-125 60,000 60,000
Gas Monitor (2)440-127 15,000 15,000
Carpet 440-185 225,000 225,000
Project Development for 2028 Imp 440-189 79,000 79,000
Project Development for 2026 Imp 440-192 49,000 49,000
Front Desk Remodel 440-201 130,000 130,000
Elevator Upgrade 440-204 30,000 30,000
Retaining Wall 440-205 45,000 45,000
Emergency Repairs - All Bldgs 440-208 150,000 150,000 300,000
Emergency Lighting 440-209 35,000 35,000
Heat Pumps 440-210 30,000 30,000
VFD Controller Pumps 440-211 9,000 9,000
IT Data Closet 440-212 6,000 6,000
Project Development for 2029 Imp 440-226 66,760 66,760
Facilities Management Fund (F440) Total 0 701,260 0 0 2,005,600 2,706,860
Federal Grant
Ryan Playground 430-061 212,500 212,500
TH 13 Trail Segment 2 (150th St to
Candy Cove)PRK26-000001 1,000,000 1,000,000
Federal Grant Total 212,500 1,000,000 0 0 0 1,212,500
Franchise Fees
Lords Street Bridge Rehab TRN24-000002 300,000 300,000
Northwood Phase 1 TRN26-000001 1,600,000 1,600,000
Northwood Phase 2 Recon TRN27-000001 1,151,000 1,151,000
Green Heights Area TRN28-000001 1,600,000 1,600,000
Sunset Hills Area TRN29-000001 1,200,000 1,200,000
Raspberry Ridge Neighborhood TRN30-000001 1,200,000 1,200,000
Franchise Fees Total 1,900,000 1,151,000 1,600,000 1,200,000 1,200,000 7,051,000
General Fund (F101)
Tabulators - qty 2 ELEC-002 20,000 20,000 20,000 60,000
Absentee ImageCast ELEC-003 30,000 30,000
General Equipment Contingency TECH-EQ-001 10,000 10,000
Ricoh MP C4504 - Admin TECH-EQ-005 10,000 10,000
Ricoh MP C2504 Fire TECH-EQ-008 11,000 11,000
Marco Phone Upgrade TECH-EQ-012 60,000 60,000
Firewall Replacement TECH-NW-001 5,000 5,000
HP Proliant DL380 ESX01 TECH-NW-006 20,000 20,000
HP Proliant DL380 ESX02 TECH-NW-007 20,000 20,000
Dell SAN TECH-NW-008 60,000 60,000
HP Procurve 5406 CH Switch TECH-NW-009 20,000 20,000
Office 365 Migrate Govt Licenses TECH-SW-008 22,000 22,000
Source Project # 2026 2027 2028 2029 2030 Total
Produced Using Plan-It CIP Software
be2
General Fund (F101) Total 152,000 90,000 16,000 30,000 40,000 328,000
G.O. Capital Equipment Bonds
Truck 1/2 Ton 6398 50,000 50,000
Squad New 7116 69,000 69,000
Investigator 7134 40,000 40,000
Pressure Washer - Wash Bay 8000 15,000 15,000
Truck 1 Ton - Signs 8450 160,000 160,000
Truck-1.5 Ton-Dump 8452 145,000 145,000
Truck-9 Ton-Dump-Tandem 8464 215,000 215,000
Truck-5 Ton-Dump-Single Axle 8467 220,000 220,000
Truck-5 Ton-Dump 8468 155,000 155,000
Truck-5 Ton-Dump 8469 155,000 155,000
Skid Steer - Tracks 8502 85,000 85,000
Mower-16FT 8504 172,000 172,000
Trailer-Small Enclosed 8529 5,000 5,000
Utility Vehicle 8536 35,000 35,000
Utility Vehicle-Field Groomer 8537 34,000 34,000
Electric Scissor Lift 8551 25,000 25,000
Scissor Lift Drop Deck Trailer 8552 16,000 16,000
Fire Truck Pumper 9222 1,500,000 1,500,000
Fire Ladder Truck 9280 1,369,540 1,369,540
Squads-Marked Multiple 2 276,000 276,000
2007 Siren@1500 Spring Lake Cir.,
Jordan PD-Siren15 46,600 46,600
Refurbishing REFUR 20,000 20,000
G.O. Capital Equipment Bonds Total 0 3,058,140 0 0 1,750,000 4,808,140
G.O. Capital Imp Bonds - 2028
Watzls City Docks 430-043 150,000 150,000
Memorial Backstop, Batters Eye, Cages,
Dugouts 430-056 265,000 265,000
Memorial Concession Building 430-057 250,000 250,000
Ponds Parking Lots (4), Entrance Road 430-069 2,500,000 2,500,000
Glass Doors 440-034 12,000 12,000
Coiling Doors 440-037 16,500 16,500
Carpet 440-038 120,000 120,000
Overhead Coiling Door (2)440-047 8,000 8,000
Locker Room Remodel 440-049 250,000 250,000
Brick Wallcovering / Cherrywood
Paneling 440-088 25,000 25,000
Greenheck Exhaust (2)440-093 14,000 14,000
Air Handler (2)440-094 250,000 250,000
Chiller 440-095 171,500 171,500
Miscellaneous 440-096 7,000 7,000
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
Air Handler - McQuay 440-104 85,000 85,000
VAV Boxes 440-106 50,000 50,000
Project Development for 2028 Imp 440-189 108,000 108,000
Project Development for 2026 Imp 440-192 49,000 49,000
Source Project # 2026 2027 2028 2029 2030 Total
Produced Using Plan-It CIP Software
dcu
Emergency Repairs - All Bldgs 440-208 150,000 150,000
VFD Controller Pumps 440-211 18,000 18,000
Chiller Primary Pumps 440-213 30,000 30,000
Chiller Secondary Pumps 440-214 30,000 30,000
BAS Upgrade 440-215 175,000 175,000
Bathroom Remodel - Main Level 440-216 20,000 20,000
Bathroom Remodel - 3 440-222 150,000 150,000
Project Development for 2029 Imp 440-226 66,760 66,760
G.O. Capital Imp Bonds - 2028 Total 0 0 5,043,760 0 0 5,043,760
G.O. Capital Improvement Bonds
Membrane Roofing 440-017 500,000 500,000
Condensing Unit 440-064 75,000 75,000
Air Handling Unit - Trane 440-110 100,000 100,000
Restroom Exhaust Fan 440-111 5,500 5,500
Air Handling Unit - McQuay 440-114 110,000 110,000
Humidifiers (2)440-115 18,000 18,000
Miscellaneous 440-126 14,000 14,000
Maintenance Center Expansion 440-186 50,000 50,000
Project Development for 2028 Imp 440-189 98,000 98,000
Secured Entry Card Reader System 440-190 10,000 10,000
Project Development for 2026 Imp 440-192 53,000 53,000
Secured Entry Card Reader System 440-193 10,000 10,000
Secured Entry Card Reader System 440-194 10,000 10,000
Roof Replacement 440-196 125,000 125,000
Secured Entry Card Reader System 440-198 10,000 10,000
Masonry Work 440-202 160,000 160,000
Sidewalk Repair 440-203 15,000 15,000
Sewage Ejector Pump 440-206 12,000 12,000
Emergency Repairs - All Bldgs 440-208 150,000 150,000 300,000
Masonry Work 440-217 65,000 65,000
Elevator Upgrade 440-219 30,000 30,000
AC Condenser 440-221 200,000 200,000
Masonry Work 440-224 50,000 50,000
Fire Sprinkler System 440-225 150,000 150,000
Masonry Work 440-228 40,000 40,000
Masonry Work Salt Bldg 440-229 13,000 13,000
Masonry Work 440-231 30,000 30,000
Paint Garage Doors 440-233 10,000 10,000
Masonry Work 440-234 30,000 30,000
G.O. Capital Improvement Bonds Total 1,281,000 0 0 1,012,500 0 2,293,500
G.O. SA Bonds - Overlay
Assessment
Northwoods Phase 2 Mill and Overlay PIR27-000001 285,000 285,000
Adelmann St Mill and Overlay PIR28-000001 221,000 221,000
Fish Point Mill and Overlay PIR29-000001 401,000 401,000
G.O. SA Bonds - Overlay Assessment Total 0 285,000 221,000 401,000 0 907,000
Source Project # 2026 2027 2028 2029 2030 Total
Produced Using Plan-It CIP Software
beb
G.O. SA Bonds - Project
Assessment
Frost Point Circle TRN25-000002 279,000 279,000
Northwood Phase 1 TRN26-000001 1,000,000 1,000,000
Northwood Phase 2 Recon TRN27-000001 340,000 340,000
Green Heights Area TRN28-000001 645,000 645,000
Sunset Hills Area TRN29-000001 1,088,000 1,088,000
Raspberry Ridge Neighborhood TRN30-000001 834,000 834,000
G.O. SA Bonds - Project Assessment Total 1,000,000 340,000 645,000 1,367,000 834,000 4,186,000
G.O. SA Bonds - Project Levy
Northwoods Phase 2 Mill and Overlay PIR27-000001 200,000 200,000
Frost Point Circle TRN25-000002 476,000 476,000
Northwood Phase 1 TRN26-000001 4,700,000 4,700,000
Northwood Phase 2 Recon TRN27-000001 2,149,000 2,149,000
CSAH 17 Expansion TRN27-000002 211,000 211,000
Wilds Jeffers Sealcoat TRN27-000003 520,000 520,000
CR12 & CSAH 17 Intersection TRN27-000004 50,000 50,000
Green Heights Area TRN28-000001 2,356,000 2,356,000
Sunset Hills Area TRN29-000001 2,223,000 2,223,000
Berens Road Extension TRN29-000002 750,000 750,000
Raspberry Ridge Neighborhood TRN30-000001 3,405,000 3,405,000
G.O. SA Bonds - Project Levy Total 4,700,000 3,130,000 2,356,000 3,449,000 3,405,000 17,040,000
Grants/Other Contrib.
Ryan Playground 430-061 170,000 170,000
Grants/Other Contrib. Total 170,000 0 0 0 0 170,000
Perm. Imp. Revolving Fund (F450)
Northwoods Phase 2 Mill and Overlay PIR27-000001 505,000 505,000
Perm. Imp. Revolving Fund (F450) Total 0 505,000 0 0 0 505,000
Revolving Equip. Fund (F410)
Truck-1 Ton 6399 55,000 55,000
Chief 7131 55,000 55,000
Commander 7132 52,000 52,000
SWAT Van 7133 250,000 250,000
Speed Sign Trailer 7200 12,000 12,000
Pressure Washer - FS1 8002 20,000 20,000
Pressure Washer - FS2 8003 20,000 20,000
Skid Steer Rock Bucket 8251 2,500 2,500
Skid Steer Box Broom 8255 8,000 8,000
Landpride Drop Seeder 8264 16,000 16,000
Aerovator 8265 16,000 16,000
Fertilizer Spreader 8267 8,500 8,500
Tiller 8268 9,000 9,000
Aerovator Seeder 8269 15,000 15,000
Source Project # 2026 2027 2028 2029 2030 Total
Produced Using Plan-It CIP Software
dcg
Tractor Snow Blower 8270 13,000 13,000
Stump Grinder 8272 12,000 12,000
Top Dresser 8273 20,000 20,000
Message Board 8275 14,500 14,500
Trail Blower 8278 7,500 7,500
Skid Steer Combo Plane 8279 5,000 5,000
Skid Steer Jack Hammer 8280 10,000 10,000
Pick-Up 1/2 Ton 8319 55,000 55,000
Hot Patcher 8429 48,000 48,000
Truck 1.5 Ton Dump 8459 150,000 150,000
Truck-9 Ton-Dump-Tandem 8464 150,000 150,000
Truck-9 Ton Dump Tandem 8465 180,000 235,000 415,000
Truck-5 Ton-Dump-Single Axle 8466 213,000 213,000
Truck-5 Ton-Dump-Single Axle 8467 130,000 130,000
Truck-5 Ton-Dump 8468 230,000 230,000
Truck-5 Ton-Dump 8469 230,000 230,000
Street Sweeper-Regenerative 8471 141,250 141,250
Asphalt Roller 8474 28,800 28,800
Trailer 8479 25,000 25,000
Trailer 8482 15,500 15,500
Skid Steer - Wheels 8501 110,000 110,000
Truck 1/2 Ton - Sanitation 8508 110,000 110,000
Mower Walk Behind 8511 4,500 4,500
Hook Truck 8521 180,000 235,000 415,000
Mower-6FT 8523 60,000 60,000
Trailer-Small 8530 6,000 6,000
Utility Vehicle 8539 34,000 34,000
Truck-1 Ton 8540 58,000 58,000
Pickup 1/2 Ton 8541 50,000 50,000
Truck 1 Ton Dump 8546 120,000 120,000
Truck 1 Ton Dump 8547 120,000 120,000
Truck-1 Ton 8548 115,000 115,000
Pickup 1.5 Ton Dump 8550 130,000 130,000
Trailer-Small 8554 8,000 8,000
Forklift 8558 45,000 45,000
Loader Wheel 8789 350,000 350,000
Welder 8920 10,500 10,500
Plasma Cutter 8921 4,500 4,500
Chief 3 Explorer 9202 70,000 70,000
Fuel Island Pedestal and Software 9900 5,000 5,000
Fire Radios FD-RADIOS 67,500 67,500
Generator - PD GEN-PD 170,000 170,000
Squads-Marked Multiple 1 134,000 292,000 426,000
Squads-Marked Multiple 2 300,000 300,000
Squads-Marked Multiple 3 284,000 284,000
2006 Siren@1546 Belmont Ave NW PD-Siren14 46,600 46,600
Refurbishing REFUR 20,000 20,000 20,000 20,000 80,000
Revolving Equip. Fund (F410) Total 1,662,600 167,000 1,585,750 1,103,300 1,133,500 5,652,150
Revolving Park Equip. Fund
(F430)
Knob Hill BB Court Maintenance 430-001 20,000 20,000
Memorial BB Court Maintenance 430-004 22,000 22,000
Source Project # 2026 2027 2028 2029 2030 Total
Produced Using Plan-It CIP Software
ben
Boudins BB Court Maintenance 430-006 20,000 20,000
Oakland BB Court Maintenance 430-007 22,000 22,000
Wilds North BB Court Maintenance 430-010 15,000 15,000
Willows BB Court Maintenance 430-011 20,000 20,000
Green Oaks Picnic Shelter 430-017 20,000 20,000
Memorial Windscreen 430-025 7,000 7,000
Sand Point BB Court Maintenance 430-027 10,000 10,000
Sand Point Beach Renovation Study 430-030 100,000 100,000
Memorial Parking Lots (2)430-039 350,000 350,000
Cardinal Ridge Parking Lot 430-044 45,000 45,000
Grainwood Crossing Parking Lot 430-045 5,000 5,000
Northwood Meadows BB Court
Maintenance 430-047 15,000 15,000
Crystal Lake Fishing Pier 430-049 80,000 80,000
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 20,000 20,000
Ryan Backstop, Batters Eye, Cages,
Dugouts 430-059 145,000 145,000
Spring Lake Pickleball Courts 430-060 40,000 40,000
Ryan Playground 430-061 42,500 42,500
Watzls Lighting 430-063 8,500 8,500
Ponds Parking Lots (4), Entrance Road 430-069 75,000 75,000
Eagle Brook BB Court Maintenance 430-072 15,000 15,000
Eagle Brook Picnic Shelter 430-073 30,000 30,000
Enclave Picnic Shelter 430-074 30,000 30,000
Jeffers BB Court Maintenance 430-076 15,000 15,000
Jeffers Picnic Shelter 430-077 30,000 30,000
Memorial Other 430-078 100,000 100,000
Misc Playground PLAY 250,000 250,000 250,000 250,000 250,000 1,250,000
Revolving Park Equip. Fund (F430) Total 487,500 630,000 866,000 327,000 283,500 2,594,000
SMSC Cost Sharing
Berens Road Extension TRN29-000002 1,000,000 1,000,000
SMSC Cost Sharing Total 0 0 0 1,000,000 0 1,000,000
Street Oversize Fund (F503)
Marsh Dr NE Ext TRN23-000001 352,000 352,000
Street Oversize Fund (F503) Total 352,000 0 0 0 0 352,000
Trunk Reserve Fund (F502)
Mushtown Water Main Extension 502-1 1,500,000 1,500,000
Water Supply (New Well)502-2 2,000,000 2,000,000
Sanitary Sewer Pipe Casing CSAH 18 502-3 61,800 61,800
Cty Rd 12 New Water Sewer 502-4 3,000,000 3,000,000
Trunk Reserve Fund (F502) Total 3,061,800 1,500,000 2,000,000 0 0 6,561,800
Source Project # 2026 2027 2028 2029 2030 Total
Produced Using Plan-It CIP Software
bed
Utility: Sewer Fund (F604)
Sewer Lining and I&I Program 604-1 468,000 482,000 496,000 511,000 526,000 2,483,000
Trailer 8761 7,250 7,250
Trailer-Small 8771 3,000 3,000
Generators - Towable 8776 100,000 100,000
Jet Vac 8784 233,334 233,334
Fuel Island Pedestal and Software 9900 5,000 5,000
Generator - Markley LS GEN-Credit 80,000 80,000
Generators - Estate LS GEN-Estate 125,000 125,000
Generator - Franklin LS GEN-Frank 125,000 125,000
Generator - Lime LS GEN-Lime 125,000 125,000
Lift Station Rehab LS 720,000 750,000 775,000 800,000 825,000 3,870,000
SCADA Updates SCADA 500,000 500,000 500,000 500,000 10,000 2,010,000
Frost Point Circle TRN25-000002 227,000 227,000
Northwood Phase 1 TRN26-000001 1,020,000 1,020,000
Northwood Phase 2 Recon TRN27-000001 700,000 700,000
Green Heights Area TRN28-000001 1,533,000 1,533,000
Sunset Hills Area TRN29-000001 936,000 936,000
Raspberry Ridge Neighborhood TRN30-000001 934,000 934,000
Utility: Sewer Fund (F604) Total 2,708,000 2,432,000 3,529,000 3,224,000 2,623,584 14,516,584
Utility: Storm Water Fund (F602)
Glynwater Trail Culvert 602-11 30,000 30,000
Deerfield Lane Pond 602-12 80,000 80,000
Priorwood Street Channel / Pond Study 602-15 30,000 100,000 130,000
Shady Beach Trail Ravine 602-16 40,000 40,000
2029-2039 LSWMP Implementation
Projects 602-17 50,000 50,000
2030-2035 MS4 Permit Update 602-18 0 0
Local Surface Water Management Plan
(LSWMP)602-2 50,000 50,000
Stormwater Pond Maintenance 602-3 218,000 225,000 232,000 239,000 246,000 1,160,000
Storm Water Pond Planning and
Prioritization 602-6 34,000 35,000 36,000 37,000 38,000 180,000
Maintenance Projects 602-7 150,000 150,000 150,000 150,000 150,000 750,000
Street Sweeper-Regenerative 8471 141,250 141,250
Jet Vac 8784 233,333 233,333
Fuel Island Pedestal and Software 9900 5,000 5,000
Frost Point Circle TRN25-000002 38,000 38,000
Northwood Phase 1 TRN26-000001 693,000 693,000
Northwood Phase 2 Recon TRN27-000001 360,000 360,000
Green Heights Area TRN28-000001 473,000 473,000
Sunset Hills Area TRN29-000001 668,000 668,000
Raspberry Ridge Neighborhood TRN30-000001 667,000 667,000
Utility: Storm Water Fund (F602) Total 1,095,000 910,000 1,182,250 1,172,000 1,389,333 5,748,583
Utility: Water Fund (F601)
140th Interconnect Repair 601-10 75,000 75,000
Wilds Booster 601-11 529,000 529,000
Summit Booster 601-12 300,000 20,000 320,000
Jeffers PRV 601-13 7,500 7,500
Source Project # 2026 2027 2028 2029 2030 Total
Produced Using Plan-It CIP Software
dc2
Pike Lake PRV 601-14 10,000 10,000
Bulk Water Fill Station 601-17 50,000 50,000
LCRR Compliance 601-18 50,000 50,000 50,000 50,000 50,000 250,000
Staff Truck (WTF)8312 55,000 55,000
Trailer 8761 7,250 7,250
Trailer-Small 8771 3,000 3,000
Jet Vac 8784 233,333 233,333
Fuel Island Pedestal and Software 9900 5,000 5,000
Water Treatment Facility Equip
Replacement HSP 1 25,000 25,000
Water Treatment Facility Equip
Replacement HSP 2 25,000 25,000
SCADA Updates SCADA - Water 10,000 10,000
Frost Point Circle TRN25-000002 295,000 295,000
Northwood Phase 1 TRN26-000001 1,150,000 1,150,000
Northwood Phase 2 Recon TRN27-000001 650,000 650,000
Green Heights Area TRN28-000001 2,150,000 2,150,000
Sunset Hills Area TRN29-000001 1,069,000 1,069,000
Raspberry Ridge Neighborhood TRN30-000001 1,068,000 1,068,000
Well Rehab 4 Well 4 52,000 52,000
Well Rehab 5 Well 5 65,000 65,000
Well Rehab 7 Well 7 65,000 65,000
Well Rehab 8 Well 8 60,000 60,000
Well Rehab 9 Well 9 50,000 50,000
Membrane Roofing WTF-001 300,000 300,000
Masonry Work - WTF WTF-003 75,000 75,000
Masonry Work - Summit Booster WTF-004 8,000 8,000
Masonry Work - Wilds Booster WTF-005 16,000 16,000
Masonry Work - Wells WTF-006 32,000 32,000
HVAC Mini Split Well House (1 per year)WTF-010 10,000 10,500 11,000 11,500 12,000 55,000
Overhead Doors 16x16 WTF-011 75,000 75,000
Light Fixtures (Interior/Exterior)WTF-012 110,500 110,500
AC Condensing Unit WTF-013 54,500 54,500
HVAC Control System WTF-014 136,500 136,500
HVAC Pumps WTF-015 60,000 60,000
Indoor Air Handling WTF-016 36,500 36,500
Roof Exhaust Fans WTF-017 14,500 14,500
Chain Link Fence WTF-018 60,000 60,000
Irrigation System WTF-019 14,000 14,000
WTP Filter Media Replacement WTR25-000001 500,000 500,000 1,000,000
North Tower Reconditioning WTR26-000001 1,800,000 1,800,000
South Tower Reconditioning WTR26-000002 10,000 10,000
Utility: Water Fund (F601) Total 3,636,000 1,260,500 3,285,500 2,426,000 1,528,583 12,136,583
GRAND TOTAL 22,966,400 17,769,900 22,633,260 20,773,800 16,193,100 100,336,460
Source Project # 2026 2027 2028 2029 2030 Total
Produced Using Plan-It CIP Software
be1
2026 through 2030
Pavement Management Plan
Prior Lake, MNProjects & Funding Sources By Department
Department Project # 2026 2027 2028 2029 2030 Total
Streets: Overlay
Northwoods Phase 2 Mill and
Overlay PIR27-000001 0 990,000 0 0 0 990,000
G.O. SA Bonds - Overlay Assessment 285,000 285,000
G.O. SA Bonds - Project Levy 200,000 200,000
Perm. Imp. Revolving Fund (F450)505,000 505,000
Adelmann St Mill and Overlay PIR28-000001 0 0 516,000 0 0 516,000
City MSA Funds 295,000 295,000
G.O. SA Bonds - Overlay Assessment 221,000 221,000
Fish Point Mill and Overlay PIR29-000001 0 0 0 1,363,000 0 1,363,000
City MSA Funds 962,000 962,000
G.O. SA Bonds - Overlay Assessment 401,000 401,000
Streets: Overlay Expenditure Total 0 990,000 516,000 1,363,000 0 2,869,000
City MSA Funds 295,000 962,000 1,257,000
G.O. SA Bonds - Overlay Assessment 285,000 221,000 401,000 907,000
G.O. SA Bonds - Project Levy 200,000 200,000
Perm. Imp. Revolving Fund (F450)505,000 505,000
Streets: Overlay Sources Total 0 990,000 516,000 1,363,000 0 2,869,000
Streets: Transportation
Marsh Dr NE Ext TRN23-000001 900,000 0 0 0 0 900,000
Construction Fund (F501)548,000 548,000
Street Oversize Fund (F503)352,000 352,000
Lords Street Bridge Rehab TRN24-000002 300,000 0 0 0 0 300,000
Franchise Fees 300,000 300,000
Frost Point Circle TRN25-000002 0 0 0 1,315,000 0 1,315,000
G.O. SA Bonds - Project Assessment 279,000 279,000
G.O. SA Bonds - Project Levy 476,000 476,000
Utility: Sewer Fund (F604)227,000 227,000
Utility: Storm Water Fund (F602)38,000 38,000
Utility: Water Fund (F601)295,000 295,000
Northwood Phase 1 TRN26-000001 10,163,000 0 0 0 0 10,163,000
Franchise Fees 1,600,000 1,600,000
G.O. SA Bonds - Project Assessment 1,000,000 1,000,000
G.O. SA Bonds - Project Levy 4,700,000 4,700,000
Utility: Sewer Fund (F604)1,020,000 1,020,000
Utility: Storm Water Fund (F602)693,000 693,000
Utility: Water Fund (F601)1,150,000 1,150,000
Northwood Phase 2 Recon TRN27-000001 0 5,350,000 0 0 0 5,350,000
Franchise Fees 1,151,000 1,151,000
G.O. SA Bonds - Project Assessment 340,000 340,000
G.O. SA Bonds - Project Levy 2,149,000 2,149,000
Utility: Sewer Fund (F604)700,000 700,000
Utility: Storm Water Fund (F602)360,000 360,000
Utility: Water Fund (F601)650,000 650,000
CSAH 17 Expansion TRN27-000002 0 211,000 0 0 0 211,000
G.O. SA Bonds - Project Levy 211,000 211,000
Produced Using Plan-It CIP Software
OeN
DRAFT
Wilds Jeffers Sealcoat TRN27-000003 0 520,000 0 0 0 520,000
G.O. SA Bonds - Project Levy 520,000 520,000
CR12 & CSAH 17 Intersection TRN27-000004 0 50,000 0 0 0 50,000
G.O. SA Bonds - Project Levy 50,000 50,000
Green Heights Area TRN28-000001 0 0 8,757,000 0 0 8,757,000
Franchise Fees 1,600,000 1,600,000
G.O. SA Bonds - Project Assessment 645,000 645,000
G.O. SA Bonds - Project Levy 2,356,000 2,356,000
Utility: Sewer Fund (F604)1,533,000 1,533,000
Utility: Storm Water Fund (F602)473,000 473,000
Utility: Water Fund (F601)2,150,000 2,150,000
Sunset Hills Area TRN29-000001 0 0 0 9,484,000 0 9,484,000
City MSA Funds 2,300,000 2,300,000
Franchise Fees 1,200,000 1,200,000
G.O. SA Bonds - Project Assessment 1,088,000 1,088,000
G.O. SA Bonds - Project Levy 2,223,000 2,223,000
Utility: Sewer Fund (F604)936,000 936,000
Utility: Storm Water Fund (F602)668,000 668,000
Utility: Water Fund (F601)1,069,000 1,069,000
Berens Road Extension TRN29-000002 0 0 0 2,000,000 0 2,000,000
County 250,000 250,000
G.O. SA Bonds - Project Levy 750,000 750,000
SMSC Cost Sharing 1,000,000 1,000,000
Raspberry Ridge Neighborhood TRN30-000001 0 0 0 0 8,108,000 8,108,000
Franchise Fees 1,200,000 1,200,000
G.O. SA Bonds - Project Assessment 834,000 834,000
G.O. SA Bonds - Project Levy 3,405,000 3,405,000
Utility: Sewer Fund (F604)934,000 934,000
Utility: Storm Water Fund (F602)667,000 667,000
Utility: Water Fund (F601)1,068,000 1,068,000
Streets: Transportation Expenditure Total 11,363,000 6,131,000 8,757,000 12,799,000 8,108,000 47,158,000
City MSA Funds 2,300,000 2,300,000
Construction Fund (F501)548,000 548,000
County 250,000 250,000
Franchise Fees 1,900,000 1,151,000 1,600,000 1,200,000 1,200,000 7,051,000
G.O. SA Bonds - Project Assessment 1,000,000 340,000 645,000 1,367,000 834,000 4,186,000
G.O. SA Bonds - Project Levy 4,700,000 2,930,000 2,356,000 3,449,000 3,405,000 16,840,000
SMSC Cost Sharing 1,000,000 1,000,000
Street Oversize Fund (F503)352,000 352,000
Utility: Sewer Fund (F604)1,020,000 700,000 1,533,000 1,163,000 934,000 5,350,000
Utility: Storm Water Fund (F602)693,000 360,000 473,000 706,000 667,000 2,899,000
Utility: Water Fund (F601)1,150,000 650,000 2,150,000 1,364,000 1,068,000 6,382,000
Streets: Transportation Sources Total 11,363,000 6,131,000 8,757,000 12,799,000 8,108,000 47,158,000
EXPENDITURE GRAND TOTAL 11,363,000 7,121,000 9,273,000 14,162,000 8,108,000 50,027,000
Department Project # 2026 2027 2028 2029 2030 Total
Produced Using Plan-It CIP Software
y&i
DRAFT
CITY OF PRIOR LAKE
PIR Revolving Fund F450
2026 2027 2028 2029 2030
Preliminary Projected Projected Projected Projected
REVENUE AND OTHER SOURCES
Taxes - - - - -
Franchise fees - - - - -
Special assessments 178,246 256,073 277,261 358,995 148,019
Intergovernmental (City MSA)- - 295,000 963,000 -
Investment income 26,100 30,348 26,748 12,009 19,134
Bonds issued (incl prem/disc) city portion - 205,000 - - -
Bonds issued (incl prem/disc) assessment portion - 295,000 230,000 415,000 -
Transfers in
Construction Fund (F501)- - 350,000 - 300,000
Water Fund (F601)- - - - -
Sewer Fund (F604)- - - - -
Storm Water Fund (F602)- - - - -
Total Revenues and Other Fund Sources 204,346 786,422 1,179,009 1,749,004 467,152
EXPENDITURES AND OTHER USES
Capital Outlay - (990,000) (516,000) (1,363,000) -
Cost of issuance of bonds - (15,000) (8,000) (14,000) -
Transfers out to debt service funds (371,250) (371,000) (370,000) (546,976) (267,738)
Total Expenditures and Other Uses (371,250) (1,376,000) (894,000) (1,923,976) (267,738)
CHANGE IN FUND BALANCE (166,904) (589,578) 285,009 (174,972) 199,414
Beginning Fund Balance 1,213,926 1,047,022 457,443 742,452 567,480
Ending Fund Balance 1,047,022 457,443 742,452 567,480 766,894
5.3
DRAFT
CITY OF PRIOR LAKE
Construction Fund F501
2026 2027 2028 2029 2030
Projected Projected Projected Projected Projected
REVENUE AND OTHER SOURCES
Franchise fees 1,399,000 1,407,000 1,593,000 1,604,000 1,614,000
Special assessments
intergovernmental 1,250,000
intergovernmental City MSA funds 2,300,000
Miscellaneous
Investment income 40,000 67,359 33,334 41,418 178,451
Other Financing Sources
Bonds issued (incl prem/disc) city portion 4,813,400 3,224,618 2,918,393 3,064,468 3,506,210
Bonds issued (incl prem/disc) assessment portion 1,056,600 350,382 664,129 1,120,532 858,790
Transfers in
Water Trunk Fund (F502)
Street Oversize Fund (F503)
Water Fund (F601)1,150,000 650,000 2,445,000 1,069,000 1,068,000
Water Quality Fund (F602)693,000 360,000 511,000 668,000 667,000
Sewer Fund (F604)1,020,000 700,000 1,760,000 936,000 934,000
Revolving Park Equipment Fund (F430)
Total Revenues and Other Fund Sources 10,172,000 6,759,359 9,924,856 12,053,418 8,826,451
EXPENDITURES AND OTHER USES
Capital Outlay (11,363,000) (6,131,000) (8,757,000) (12,799,000) (8,108,000)
Other uses
Cost of issuance of bonds (170,000) (105,000) (289,000) (124,000) (126,000)
Transfers out to other funds (350,000) (300,000)
Total Expenditures and Other Uses (11,533,000) (6,236,000) (9,396,000) (12,923,000) (8,534,000)
CHANGE IN FUND BALANCE (1,361,000) 523,359 528,856 (869,582) 292,451
Beginning Fund Balance 2,057,151 696,151 1,219,510 1,748,366 878,784
Ending Fund Balance 696,151 1,219,510 1,748,366 878,784 1,171,235
5.4
CITY OF PRIOR LAKE
Combined Funds F450 & F501
2026 2027 2028 2029 2030
Projected Projected Projected Projected Projected
REVENUE AND OTHER SOURCES
Franchise fees 1,399,000 1,407,000 1,593,000 1,604,000 1,614,000
Special assessments 178,246 256,073 277,261 358,995 148,019
intergovernmental - - - 1,250,000 -
intergovernmental City MSA funds - - 295,000 3,263,000 -
Miscellaneous - - - - -
Investment income 66,100 97,707 60,082 53,426 197,585
Other Financing Sources - - - - -
Bonds issued (incl prem/disc) city portion 4,813,400 3,429,618 2,918,393 3,064,468 3,506,210
Bonds issued (incl prem/disc) assessment portion 1,056,600 645,382 894,129 1,535,532 858,790
Transfers in
Construction Fund (F501)- - 350,000 - 300,000
Water Trunk Fund (F502)- - - - -
Street Oversize Fund (F503)- - - - -
Water Fund (F601)1,150,000 650,000 2,445,000 1,069,000 1,068,000
Water Quality Fund (F602)693,000 360,000 511,000 668,000 667,000
Sewer Fund (F604)1,020,000 700,000 1,760,000 936,000 934,000
Revolving Park Equipment Fund (F430)- - - - -
Total Revenues and Other Fund Sources 10,376,346 7,545,780 11,103,865 13,802,422 9,293,604
EXPENDITURES AND OTHER USES
Capital Outlay (11,363,000) (7,121,000) (9,273,000) (14,162,000) (8,108,000)
Other uses - - - - -
Cost of issuance of bonds (170,000) (120,000) (297,000) (138,000) (126,000)
Transfers out to other funds (371,250) (371,000) (720,000) (546,976) (567,738)
Total Expenditures and Other Uses (11,904,250) (7,612,000) (10,290,000) (14,846,976) (8,801,738)
CHANGE IN FUND BALANCE (1,527,904) (66,220) 813,865 (1,044,554) 491,866
Beginning Fund Balance 3,271,076 1,743,172 1,676,953 2,490,818 1,446,263
Ending Fund Balance 1,743,172 1,676,953 2,490,818 1,446,263 1,938,129
5.5
CITY OF PRIOR LAKE
Trunk Reserve Fund F502
2026 2027 2028 2029 2030
Projected Projected Projected Projected Projected
REVENUE AND OTHER SOURCES
Charges for Services 352,000 580,000 597,000 769,000 792,000
Miscellaneous
Investment income 266,000 180,000 154,000 111,000 142,000
Other Financing Sources
Total Revenues and Other Fund Sources 618,000 760,000 751,000 880,000 934,000
EXPENDITURES AND OTHER USES
Capital Outlay (3,061,800) (1,500,000) (2,000,000)
Transfers out to other funds
Total Expenditures and Other Uses (3,061,800) (1,500,000) (2,000,000) - -
CHANGE IN FUND BALANCE (2,443,800) (740,000) (1,249,000) 880,000 934,000
Beginning Fund Balance 7,597,092 5,153,292 4,413,292 3,164,292 4,044,292
Ending Fund Balance 5,153,292 4,413,292 3,164,292 4,044,292 4,978,292
5.6
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DRAFT
DRAFT
CITY OF PRIOR LAKE, MN
2026 to 2030 STREET RECONSTRUCTION PLAN
DRAFT AS OF AUGUST 12, 2025
5.8
DRAFT
City of Prior Lake, MN
2026 to 2030 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.
9
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.
At time of approval of the proposed Plan the City’s Statutory Debt Limit is as follows:
Bond Issue Amount Outstanding
$3,505,000 G.O. Bonds, Series 2016A $75,000
$8,270,000 G.O. Bonds, Series 2018A 585,000
$2,065,000 G.O. Bonds, Series 2019A 830,000
$5,760,000 G.O. Bonds, Series 2021A 1,665,000
$1,580,000 G.O. Bonds, Series 2023A 385,000
Total Outstanding Street Reconstruction Bonds $ 3,540,000
DRAFT
Computation of Legal Debt Margin as of July 1, 2025:
2025 Estimated Market Value $ 5,838,605,300
Multiplied by 3% x .03
Statutory Debt Limit $ 175,158,159
Outstanding debt applicable to debt limit:
$3,630,000 G.O. Bonds, Series 2016A $ 75,000
$8,720,000 G.O. Bonds, Series 2018A 1,035,000
$2,065,000 G.O. Bonds, Series 2019A 940,000
$5,760,000 G.O. Bonds, Series 2021A 3,800,000
$5,870,000 G.O. Bonds, Series 2021B 3,155,000
$1,620,000 G.O. Bonds, Series 2023A 385,000
Less outstanding debt applicable to debt limit: $ 9,390,000
Legal debt margin $ 165,768,159
The Plan provides for the issuance of a not to exceed amount of $24,900,000 in General
Obligation Street Reconstruction Bonds between January 1, 2026 and December 31, 2030.
This amount includes estimated cost of issuance of bonds, capitalized interest and rounding.
The proposed bond issuance is within the current City’s Legal Debt Margin, as of the date of
adoption of the Plan.
V.Proposed Street Reconstruction and Cost Estimate
The Plan is detailed in Table A. The City reserves the right to adjust the amount of annual
spending between years provided the overall not to exceed amount in the Plan is not
increased.
5.11
DRAFT
CITY OF PRIOR LAKE 2026-2030
STREET RECONSTRUCTION PLAN AMOUNTS
January 1, 2026 through December 31, 2026
Northwood Street Recon Project - Phase 1 6,270,000$
TOTAL 2026 6,270,000$
January 1, 2027 through December 31, 2027
Northwood Street Recon Project - Phase 2 2,740,000$
Northwood Street Project - Phase 2 Mill and Overlay 540,000$
CSAH 17 Expansion 240,000$
CR 12 & CSAH 17 Intersection 60,000$
TOTAL 2027 3,580,000$
January 1, 2028 through December 31, 2028
Green Heights Area 3,310,000$
Adelmann St Mill and Overlay 250,000$
TOTAL 2028 3,560,000$
January 1, 2029 through December 31, 2029
Sunset Hills Area 3,760,000$
Frost Point Circle 840,000$
Berens Road Extension 830,000$
TOTAL 2029 5,430,000$
January 1, 2030 through December 31, 2030
Raspberry Ridge Neighborhood 4,870,000$
TOTAL 2030 4,870,000$
GRAND TOTAL (1/1/2026 THROUGH 12/31/2030)23,710,000
Bond Issuance Costs, Capitalized Interest, and Rounding $1,190,000
GRAND TOTAL $24,900,000
TABLE A
5.12
DRAFT
2026 through 2030
Equipment Replacement Plan
Prior Lake, MNProjects by Category And Department
Department
Category Project # 2026 2027 2028 2029 2030 Total
Equipment: Pick Ups/Vans
Truck 1/2 Ton 6398 50,000 50,000
Equipment: Pick Ups/Vans Total 0 0 0 0 50,000 50,000
Building Inspection Total 0 0 0 0 50,000 50,000
Central Garage
Equipment: Miscellaneous
Fuel Island Pedestal and Software 9900 20,000 20,000
Plasma Cutter 8921 4,500 4,500
Refurbishing REFUR 20,000 20,000 20,000 20,000 20,000 100,000
Welder 8920 10,500 10,500
Equipment: Miscellaneous Total 20,000 20,000 20,000 20,000 55,000 135,000
Central Garage Total 20,000 20,000 20,000 20,000 55,000 135,000
Engineering
Equipment: Pick Ups/Vans
Truck-1 Ton 6399 55,000 55,000
Equipment: Pick Ups/Vans Total 0 0 0 55,000 0 55,000
Engineering Total 0 0 0 55,000 0 55,000
Fire
Equipment: Apparatus
Fire Ladder Truck 9280 1,369,540 1,369,540
Fire Truck Pumper 9222 1,500,000 1,500,000
Equipment: Apparatus Total 0 1,369,540 0 0 1,500,000 2,869,540
Equipment: First Response
Chief 3 Explorer 9202 70,000 70,000
Equipment: First Response Total 70,000 0 0 0 0 70,000
Equipment: Other
Fire Radios FD-RADIOS 67,500 67,500
Pressure Washer - FS1 8002 20,000 20,000
Pressure Washer - FS2 8003 20,000 20,000
Equipment: Other Total 0 0 0 20,000 87,500 107,500
Fire Total 70,000 1,369,540 0 20,000 1,587,500 3,047,040
Parks
Equipment: Attachments
Aerovator 8265 16,000 16,000
Aerovator Seeder 8269 15,000 15,000
Fertilizer Spreader 8267 8,500 8,500
Landpride Drop Seeder 8264 16,000 16,000
Skid Steer Combo Plane 8279 5,000 5,000
Stump Grinder 8272 12,000 12,000
Building Inspection
Produced Using Plan-It CIP Software
neN
DRAFT
Tiller 8268 9,000 9,000
Top Dresser 8273 20,000 20,000
Tractor Snow Blower 8270 13,000 13,000
Trail Blower 8278 7,500 7,500
Equipment: Attachments Total 0 12,000 21,500 56,000 32,500 122,000
Equipment: Loaders/Skid Steers
Forklift 8558 45,000 45,000
Skid Steer - Tracks 8502 85,000 85,000
Skid Steer - Wheels 8501 110,000 110,000
Equipment: Loaders/Skid Steers Total 0 130,000 110,000 0 0 240,000
Equipment: Pick Ups/Vans
Pickup 1/2 Ton 8541 50,000 50,000
Pick-Up 1/2 Ton 8319 55,000 55,000
Truck 1/2 Ton - Sanitation 8508 110,000 110,000
Truck-1 Ton 8540 58,000 58,000
Truck-1 Ton 8548 115,000 115,000
Truck 1 Ton Dump 8546 120,000 120,000
Truck 1 Ton Dump 8547 120,000 120,000
Equipment: Pick Ups/Vans Total 293,000 110,000 0 225,000 0 628,000
Equipment: Trailers
Trailer-Small 8530 6,000 6,000
Trailer-Small 8554 8,000 8,000
Trailer-Small Enclosed 8529 5,000 5,000
Equipment: Trailers Total 0 5,000 6,000 0 8,000 19,000
Equipment: Turf Care
Mower-16FT 8504 172,000 172,000
Mower-6FT 8523 60,000 60,000
Mower Walk Behind 8511 4,500 4,500
Utility Vehicle 8536 35,000 35,000
Utility Vehicle 8539 34,000 34,000
Utility Vehicle-Field Groomer 8537 34,000 34,000
Equipment: Turf Care Total 34,000 241,000 60,000 4,500 0 339,500
Equipment: Utility Equp.
Electric Scissor Lift 8551 25,000 25,000
Scissor Lift Drop Deck Trailer 8552 16,000 16,000
Equipment: Utility Equp. Total 0 41,000 0 0 0 41,000
Parks Total 327,000 539,000 197,500 285,500 40,500 1,389,500
Police
Equipment: Emergency Power
Generator - PD GEN-PD 170,000 170,000
Equipment: Emergency Power Total 170,000 0 0 0 0 170,000
Equipment: Emerg. Sirens
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 0 0 0 93,200
Equipment: Other
Speed Sign Trailer 7200 12,000 12,000
Equipment: Other Total 0 0 0 12,000 0 12,000
Equipment: Squads
Chief 7131 55,000 55,000
Department
Category Project # 2026 2027 2028 2029 2030 Total
Produced Using Plan-It CIP Software
neT
DRAFT
Commander 7132 52,000 52,000
Investigator 7134 40,000 40,000
Squad New 7116 69,000 69,000
Squads-Marked Multiple 1 134,000 292,000 426,000
Squads-Marked Multiple 2 276,000 300,000 576,000
Squads-Marked Multiple 3 284,000 284,000
SWAT Van 7133 250,000 250,000
Equipment: Squads Total 186,000 345,000 589,000 292,000 340,000 1,752,000
Police Total 402,600 391,600 589,000 304,000 340,000 2,027,200
Streets
Equipment: Attachments
Message Board 8275 14,500 14,500
Skid Steer Box Broom 8255 8,000 8,000
Skid Steer Jack Hammer 8280 10,000 10,000
Skid Steer Rock Bucket 8251 2,500 2,500
Equipment: Attachments Total 0 0 0 14,500 20,500 35,000
Equipment: Dump Trucks
Hook Truck 8521 180,000 235,000 415,000
Truck-5 Ton-Dump 8468 155,000 230,000 385,000
Truck-5 Ton-Dump 8469 155,000 230,000 385,000
Truck-5 Ton-Dump-Single Axle 8466 213,000 213,000
Truck-5 Ton-Dump-Single Axle 8467 130,000 220,000 350,000
Truck-9 Ton Dump Tandem 8465 180,000 235,000 415,000
Truck-9 Ton-Dump-Tandem 8464 150,000 215,000 365,000
Equipment: Dump Trucks Total 493,000 745,000 460,000 360,000 470,000 2,528,000
Equipment: Loaders/Skid Steers
Loader Wheel 8789 350,000 350,000
Equipment: Loaders/Skid Steers Total 350,000 0 0 0 0 350,000
Equipment: Miscellaneous
Pressure Washer - Wash Bay 8000 15,000 15,000
Equipment: Miscellaneous Total 0 15,000 0 0 0 15,000
Equipment: Pick Ups/Vans
Pickup 1.5 Ton Dump 8550 130,000 130,000
Truck 1.5 Ton Dump 8459 150,000 150,000
Truck-1.5 Ton-Dump 8452 145,000 145,000
Truck 1 Ton - Signs 8450 160,000 160,000
Equipment: Pick Ups/Vans Total 0 145,000 130,000 0 310,000 585,000
Equipment: Street/Sidewalk
Asphalt Roller 8474 28,800 28,800
Hot Patcher 8429 48,000 48,000
Street Sweeper-Regenerative 8471 282,500 282,500
Equipment: Street/Sidewalk Total 0 0 330,500 28,800 0 359,300
Equipment: Trailers
Trailer 8479 25,000 25,000
Trailer 8482 15,500 15,500
Equipment: Trailers Total 0 0 0 15,500 25,000 40,500
Streets Total 843,000 905,000 920,500 418,800 825,500 3,912,800
GRAND TOTAL 1,662,600 3,225,140 1,727,000 1,103,300 2,898,500 10,616,540
Department
Category Project # 2026 2027 2028 2029 2030 Total
Produced Using Plan-It CIP Software
nec
DRAFT
CITY OF PRIOR LAKE
Revolving Equip Fund F410
2026 2027 2028 2029 2030
Preliminary Projected Projected Projected Projected
REVENUE AND OTHER SOURCES
Taxes 925,000 975,000 1,075,000 1,145,000 1,195,000
Franchise fees - - - - -
Intergovernmental - - - - -
Charges for services - - - - -
Investment income 14,000 28,433 11,208 31,319 20,230
Miscellaneous - - - - -
Bonds issued (incl prem/disc) city portion - 3,059,188 - - 1,750,000
Bonds issued (incl prem/disc) assessment portion - -- - -
Transfers in
Water Fund (F601)- - - - -
Water Quality Fund (F602 - - 141,250 - -
Sewer Fund (F604)- - - - -
Revolving Park Equipment Fund (F430)- - - - -
Other Funds - - - - -
Sale of capital assets - - - - -
Total Revenues and Other Fund Sources 939,000 4,062,621 1,227,458 1,176,319 2,965,230
EXPENDITURES AND OTHER USES
Capital Outlay (1,662,600) (3,225,000) (1,727,000) (1,103,300) (2,899,000)
Cost of issuance of bonds - (89,188) - - (50,000)
Other uses - -- - -
Transfers out to other funds - -- - -
Transfers out to debt service funds - -- - -
Total Expenditures and Other Uses (1,662,600) (3,314,188) (1,727,000) (1,103,300) (2,949,000)
CHANGE IN FUND BALANCE (723,600) 748,433 (499,542) 73,019 16,230
Beginning Fund Balance 1,137,327 413,727 1,162,160 662,619 735,638
Ending Fund Balance 413,727 1,162,160 662,619 735,638 751,868
6.4
DRAFT
2026 through 2030
Park Plan
Prior Lake, MNProjects by Category And Department
Department
Category Project # 2026 2027 2028 2029 2030 Total
New Park Development
Future Neighborhood Park
Development 225-001 550,000 550,000
TH 13 Trail Segment 2 (150th St to
Candy Cove)PRK26-000001 1,600,000 1,600,000
New Park Development Total 0 1,600,000 0 550,000 0 2,150,000
Park Replacement
Boudins BB Court Maintenance 430-006 20,000 20,000
Cardinal Ridge Parking Lot 430-044 45,000 45,000
Crystal Lake Fishing Pier 430-049 80,000 80,000
Eagle Brook BB Court Maintenance 430-072 15,000 15,000
Eagle Brook Picnic Shelter 430-073 30,000 30,000
Enclave BB Court Maintenance 430-050 15,000 15,000
Enclave Picnic Shelter 430-074 30,000 30,000
Grainwood Crossing Parking Lot 430-045 5,000 5,000
Green Oaks Picnic Shelter 430-017 20,000 20,000
Howard Lake BB Court Maintenance 430-051 15,000 15,000
Jeffers BB Court Maintenance 430-076 15,000 15,000
Jeffers Picnic Shelter 430-077 30,000 30,000
Knob Hill BB Court Maintenance 430-001 20,000 20,000
Memorial Backstop, Batters Eye, Cages,
Dugouts 430-056 265,000 265,000
Memorial BB Court Maintenance 430-004 22,000 22,000
Memorial Concession Building 430-057 250,000 250,000
Memorial Drinking Fountain 430-052 12,000 12,000
Memorial Other 430-078 100,000 100,000
Memorial Parking Lots (2)430-039 350,000 350,000
Memorial Windscreen 430-025 7,000 7,000
Misc Playground PLAY 250,000 250,000 250,000 250,000 250,000 1,250,000
Northwood Meadows BB Court
Maintenance 430-047 15,000 15,000
Oakland BB Court Maintenance 430-007 22,000 22,000
Ponds Parking Lots (4), Entrance Road 430-069 75,000 2,500,000 2,575,000
Ryan Backstop, Batters Eye, Cages,
Dugouts 430-059 145,000 145,000
Ryan Playground 430-061 425,000 425,000
Sand Point BB Court Maintenance 430-027 10,000 10,000
Sand Point Beach Renovation Study 430-030 100,000 100,000
Spring Lake Pickleball Courts 430-060 40,000 40,000
Watzls City Docks 430-043 150,000 150,000
Watzls Lighting 430-063 8,500 8,500
Wilds North BB Court Maintenance 430-010 15,000 15,000
Willows BB Court Maintenance 430-011 20,000 20,000
Woodridge Ballfield 430-054 20,000 20,000
Park Replacement Total 870,000 630,000 4,031,000 327,000 283,500 6,141,500
Parks: Projects Total 870,000 2,230,000 4,031,000 877,000 283,500 8,291,500
Parks: Projects
Produced Using Plan-It CIP Software
leN
DRAFT
GRAND TOTAL 870,000 2,230,000 4,031,000 877,000 283,500 8,291,500
Department
Category Project # 2026 2027 2028 2029 2030 Total
Produced Using Plan-It CIP Software
6gp
DRAFT
CITY OF PRIOR LAKE
Capital Park Fund F225
2026 2027 2028 2029 2030
Preliminary Projected Projected Projected Projected
REVENUE AND OTHER SOURCES
Taxes - - - - -
Intergovernmental - 1,000,000 - - -
Charges for services 187,500 308,800 318,400 410,000 422,000
Lease income 30,300 32,000 32,000 32,000 32,000
Investment income 41,400 20,000 6,790 15,120 11,783
Transfers in - - - - -
General Fund (F101)- - - - -
Total Revenues and Other Fund Sources 259,200 1,360,800 357,190 457,120 465,783
EXPENDITURES AND OTHER USES
Capital Outlay - (1,600,000) - (550,000) -
Cost of issuance of bonds - -- --
Other uses (5,600) (5,600) (5,600) (5,600) (5,600)
Transfers out to other funds - - - - -
Transfers out to debt service funds - - - - -
Total Expenditures and Other Uses (5,600) (1,605,600) (5,600) (555,600) (5,600)
CHANGE IN FUND BALANCE 253,600 (244,800) 351,590 (98,480) 460,183
Beginning Fund Balance 247,638 501,238 256,438 608,028 509,548
Ending Fund Balance 501,238 256,438 608,028 509,548 969,731
7.3
DRAFT
CITY OF PRIOR LAKE
Revolving Park Equip Fund F430
2026 2027 2028 2029 2030
Preliminary Projected Projected Projected Projected
REVENUE AND OTHER SOURCES
Taxes 595,000 655,000 705,000 755,000 805,000
Investment income 28,200 9,494 9,982 3,956 14,755
Intergovernmental 212,500 - - - -
Miscellaneous 170,000 - - - -
Bonds issued (incl prem/disc) city portion - - 3,165,000 -
Bonds issued (incl prem/disc) assessment portion - - - - -
Transfers in
Water Fund (F601)- - - - -
Water Quality Fund (F602 - - - - -
Sewer Fund (F604)- - - - -
Other Funds - - - - -
Sale of capital assets - - - - -
Total Revenues and Other Fund Sources 1,005,700 664,494 3,879,982 758,956 819,755
EXPENDITURES AND OTHER USES
Capital Outlay (870,000) (630,000) (4,031,000) (327,000) (283,500)
Cost of issuance of bonds - - (90,000) - -
Other uses - - - - -
Transfers out to other funds - - - - -
Total Expenditures and Other Uses (870,000) (630,000) (4,121,000) (327,000) (283,500)
CHANGE IN FUND BALANCE 135,700 34,494 (241,018) 431,956 536,255
Beginning Fund Balance 220,773 356,473 390,967 149,949 581,905
Ending Fund Balance 356,473 390,967 149,949 581,905 1,118,160
7.4
DRAFT
2026 through 2030
Facilities Management Plan
Prior Lake, MNProjects by Category And Department
Department
Category Project # 2026 2027 2028 2029 2030 Total
Facil: City Hall
Air Handler (2)440-094 250,000 250,000
BAS Upgrade 440-215 175,000 175,000
Bathroom Remodel - Main Level 440-216 20,000 20,000
Brick Wallcovering / Cherrywood
Paneling 440-088 25,000 25,000
Carpet 440-038 120,000 120,000
Chiller 440-095 171,500 171,500
Chiller Primary Pumps 440-213 30,000 30,000
Chiller Secondary Pumps 440-214 30,000 30,000
Coiling Doors 440-037 16,500 16,500
Elevator Upgrade 440-204 30,000 30,000
Emergency Lighting 440-209 35,000 35,000
Emergency Repairs - All Bldgs 440-208 150,000 150,000 150,000 150,000 150,000 750,000
Front Desk Remodel 440-201 130,000 130,000
Glass Doors 440-034 12,000 12,000
Greenheck Exhaust (2)440-093 14,000 14,000
Heat Pumps 440-210 30,000 30,000
IT Data Closet 440-212 6,000 6,000
Masonry Work 440-202 160,000 160,000
Membrane Roofing 440-017 500,000 500,000
Miscellaneous 440-096 7,000 7,000
Project Development for 2028 Imp 440-189 98,000 79,000 108,000 285,000
Retaining Wall 440-205 45,000 45,000
Secured Entry Card Reader System 440-190 10,000 10,000
Sewage Ejector Pump 440-206 12,000 12,000
Sidewalk Repair 440-203 15,000 15,000
VFD Controller Pumps 440-211 9,000 18,000 27,000
Facil: City Hall Total 435,000 274,000 1,147,000 660,000 390,000 2,906,000
Facil: Fire Station #1
Infrared Heaters 440-071 108,500 108,500
Masonry Work 440-231 30,000 30,000
Rooftop Unit 440-072 171,000 171,000
Trash Enclosure 440-122 3,500 3,500
Windows - Aluminum 440-084 70,000 70,000
Facil: Fire Station #1 Total 30,000 0 0 0 353,000 383,000
Facil: Fire Station #2
Air Exchanger 440-124 20,000 20,000
Epoxy Flooring 440-059 82,000 82,000
Exhaust Fan (2)440-123 15,000 15,000
Gas Monitor (2)440-127 15,000 15,000
Irrigation System 440-055 14,000 14,000
Make-Up Air Unit 440-125 60,000 60,000
Masonry Work 440-234 30,000 30,000
Miscellaneous 440-126 14,000 14,000
Overhead Doors 14x14 440-056 32,500 32,500
Facilities
Produced Using Plan-It CIP Software
)eN
DRAFT
Paint Garage Doors 440-233 10,000 10,000
Pressure Washer (2 Stations)440-057 11,500 11,500
Facil: Fire Station #2 Total 40,000 95,000 0 14,000 155,000 304,000
Facil: Lakefront Pavilion
Roof Replacement 440-196 125,000 125,000
Facil: Lakefront Pavilion Total 125,000 0 0 0 0 125,000
Facil: Library & Club Prior
Air Handling Unit - McQuay 440-114 110,000 110,000
Air Handling Unit - Trane 440-110 100,000 100,000
Condensing Unit 440-064 75,000 75,000
Fire Sprinkler System 440-225 150,000 150,000
Humidifiers (2)440-115 18,000 18,000
HVAC Control System 440-052 131,500 131,500
Light Fixtures 440-065 63,000 63,000
Masonry Work 440-224 50,000 50,000
Project Development for 2029 Imp 440-226 66,760 66,760 133,520
Restroom Exhaust Fan 440-111 5,500 5,500
Secured Entry Card Reader System 440-194 10,000 10,000
Tile Walls 440-067 9,100 9,100
Wall Coverings 440-113 10,500 10,500
Facil: Library & Club Prior Total 200,000 198,260 66,760 318,500 82,600 866,120
Facil: Maintenance Ctr.
Maintenance Center Expansion 440-186 50,000 50,000
Masonry Work 440-228 40,000 40,000
Masonry Work Salt Bldg 440-229 13,000 13,000
Secured Entry Card Reader System 440-198 10,000 10,000
Facil: Maintenance Ctr. Total 103,000 0 0 10,000 0 113,000
Facil: Police Station
AC Condenser 440-221 200,000 200,000
Air Handler - McQuay 440-104 85,000 85,000
Bathroom Remodel - 3 440-222 150,000 150,000
Bell and Gosset Pump 440-102 19,000 19,000
Boilers 440-075 150,000 150,000
Carpet 440-185 225,000 225,000
Elevator Upgrade 440-219 30,000 30,000
Epoxy Flooring 440-107 85,000 85,000
Front Entry Security Update 440-101 40,000 40,000
Greenheck Exhaust (2)440-103 14,000 14,000
Locker Room Remodel 440-049 250,000 250,000
Masonry Work 440-217 65,000 65,000
Membrane Roofing 440-029 350,000 350,000
Overhead Coiling Door (2)440-047 8,000 8,000
Parking / Safety Enhancements 440-087 300,000 300,000
Project Development for 2026 Imp 440-192 53,000 49,000 49,000 151,000
Secured Entry Card Reader System 440-193 10,000 10,000
VAV Boxes 440-106 50,000 50,000
Facil: Police Station Total 348,000 134,000 665,000 10,000 1,025,000 2,182,000
Facilities Total 1,281,000 701,260 1,878,760 1,012,500 2,005,600 6,879,120
GRAND TOTAL 1,281,000 701,260 1,878,760 1,012,500 2,005,600 6,879,120
Department
Category Project # 2026 2027 2028 2029 2030 Total
Produced Using Plan-It CIP Software
)eA
DRAFT
CITY OF PRIOR LAKE
Facilities Mgmt Fund F440
2026 2027 2028 2029 2030
Preliminary Projected Projected Projected Projected
REVENUE AND OTHER SOURCES
Taxes 305,000 355,000 405,000 455,000 505,000
Intergovernmental -- - - -
Investment income 28,700 6,275 27,750 6,301 8,225
Miscellaneous -- - - -
Bonds issued (incl prem/disc) city portion -- - - -
Bonds issued (incl prem/disc) assessment portion 1,500,000 - 2,000,000 2,000,000 -
Transfers in
Water Fund (F601)30,000 21,000 1,000 2,000 5,000
Water Quality Fund (F602 -- - - -
Sewer Fund (F604)30,000 21,000 1,000 2,000 5,000
Revolving Park Equipment Fund (F430)-- - - -
Sale of capital assets -- - - -
Total Revenues and Other Fund Sources 1,893,700 403,275 2,434,750 2,465,301 523,225
EXPENDITURES AND OTHER USES
Capital Outlay (1,281,000) (701,260) (1,878,760) (1,012,500) (2,015,600)
Cost of issuance of bonds -- (75,000) (65,000) -
Other uses -- - - -
Transfers out to other funds -- - - -
Total Expenditures and Other Uses (1,281,000) (701,260) (1,953,760) (1,077,500) (2,015,600)
CHANGE IN FUND BALANCE 612,700 (297,985) 480,990 1,387,801 (1,492,375)
Beginning Fund Balance 251,014 863,714 565,729 1,046,720 2,434,520
Ending Fund Balance 863,714 565,729 1,046,720 2,434,520 942,146
8.3
DRAFT
CITY OF PRIOR LAKE, MN
2026 to 2030 CAPITAL IMPROVEMENT PLAN
August 12, 2025
Adopted ______________, 2025
8.4
DRAFT
CITY OF PRIOR LAKE
2026-2030 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 12, 2025, the City Council held a public hearing on the adoption of the 2026-2030
Capital Improvement Plan and the issuance of general obligation improvement bonds.
On August 12, 2025, the City Council adopted Resolution No. 25-_____ approving the 2026-
2030 Capital Improvement Plan (the “CIP”). The approved 2026-2030 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.
8.5
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):
2026 Expenditures
The City intends to do masonry maintenance on multiple City buildings including city hall,
the police station and both fire stations. A new sprinkler system will be installed at the
library/Club Prior. A new AC condenser will be installed at the police station. The
combined estimated cost of the improvements to these facilities along with cost of issuance
to be financed through bond proceeds is $1,575,000.
2027 Expenditures
No projects anticipated in this plan.
2028 Expenditures
The City intends for maintenance and remodel in city hall and the police station. HVAC
maintenance is planned at 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 $2,100,000.
8.6
DRAFT
2029 expenditures
The City intends to construct improvements to the city hall and library/Club Prior,
consisting of capital maintenance, and including building and exterior site improvements.
The combined estimated cost of the improvement to these facilities along with cost of
issuance to be financed through bond proceeds is $2,100,000.
2030 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.
8.7
DRAFT
5. Level of Overlapping Debt in the City
As of July 2, 2025, the level of overlapping debt in the City is provided in the table below:
Issuer
2024/2025
Tax
Capacity
Value(1)
2024/2025
Tax
Capacity
Value
in City(1)
Percentage
Applicable
in City
Outstanding
General
Obligation
Debt (2)
Taxpayers’
Share
of Debt
Scott County $ 331,469,672 $64,262,990 19.39% $91,730,000 $ 17,786,447
ISD No. 719 (Prior
Lake-Savage) 104,331,758 61,353,342 58.81 123,581,022 72,677,999
ISD No. 720
(Shakopee) 105,644,602 2,909,648 2.75 101,649,567 2,795,363
Metropolitan Council 6,330,160,332 64,262,900 1.02 5,025,000(3) 51,255
Metro Transit 5,538,527,403 64,262,900 1.16 173,480,000 (4) 2,012,368
Total Indirect Debt: $ 95,323,432
(1)Tax Capacity Value is after tax increment deduction and fiscal disparity adjustments.
(2)As of July 2, 2025, unless noted otherwise.
(3)Metropolitan Council has $5,025,000 of general obligation debt outstanding as of December 31, 2024. This debt is payable
from ad valorem taxes levied on all taxable property within the Metropolitan Taxing District. This amount excludes
$1,166,500,000 of general obligation debt payable from wastewater and sewer revenues, and lease agreements.
(4) Metropolitan Transit has $173,480,000 of property tax supported general obligation debt outstanding as of December 31,
2024. 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 $227,150,000 of general
obligation debt payable from revenues.
8.8
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 $5,775,000,
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 $5,775,000.
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
2024 population was 28,500. Therefore, the proposed general obligation capital improvement
plan bonds to be issued in the years 2026 through 2030 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 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 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 calendar year on the Outstanding CIP Bonds, combined, is $1,100,638. In
payable year 2025, the City’s EMV was $5,838,605,300. Therefore, the total amount available
to be used to pay principal and interest on the outstanding bonds plus any new bonds issued
under this Plan is $9,341,768 per year ($5,838,605,300 x 0.16% = $9,341,768, which is greater
than the maximum amount of principal and interest due in any year on the Outstanding CIP
Bonds plus the proposed new bonds.).
Under this CIP the City may issue up to $5,775,000 in general obligation capital improvement
plan bonds in the years 2026 through 2030 to finance the Projects. If the City were to issue
general obligation capital improvement bonds in the maximum principal amount of $5,775,000
8.9
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)
8.10
DRAFT
2026 through 2030
Technology Plan
Prior Lake, MNProjects by Category And Department
Department
Category Project # 2026 2027 2028 2029 2030 Total
Equipment: Audio/Visual
Chambers Cameras and Mics COMM-005 10,000 8,000 18,000
Equipment: Audio/Visual Total 0 10,000 8,000 0 0 18,000
Cable Total 0 10,000 8,000 0 0 18,000
Elections
I.T.- General Equipment
Absentee ImageCast ELEC-003 30,000 30,000
Tabulators - qty 2 ELEC-002 20,000 20,000 20,000 60,000
I.T.- General Equipment Total 30,000 20,000 0 20,000 20,000 90,000
Elections Total 30,000 20,000 0 20,000 20,000 90,000
Technology
I.T.- General Equipment
Marco Phone Upgrade TECH-EQ-012 60,000 60,000
Ricoh MP C2504 Fire TECH-EQ-008 11,000 11,000
Ricoh MP C4504 - Admin TECH-EQ-005 10,000 10,000
I.T.- General Equipment Total 0 70,000 11,000 0 0 81,000
I.T.- Network Infrastructure
Dell SAN TECH-NW-008 60,000 60,000
Firewall Replacement TECH-NW-001 5,000 5,000
General Equipment Contingency TECH-EQ-001 10,000 10,000
HP Procurve 5406 CH Switch TECH-NW-009 20,000 20,000
HP Proliant DL380 ESX01 TECH-NW-006 20,000 20,000
HP Proliant DL380 ESX02 TECH-NW-007 20,000 20,000
I.T.- Network Infrastructure Total 100,000 0 5,000 10,000 20,000 135,000
I.T.- Software
Office 365 Migrate Govt Licenses TECH-SW-008 22,000 22,000
I.T.- Software Total 22,000 0 0 0 0 22,000
Technology Total 122,000 70,000 16,000 10,000 20,000 238,000
GRAND TOTAL 152,000 100,000 24,000 30,000 40,000 346,000
Cable
Produced Using Plan-It CIP Software
1
DRAFT
Water Fund
Summary of Key Financial Information
Water Fund 2025 2026 2027 2028 2029 2030
Cash by Purpose
For future capital improvements 5,571,347 4,925,248 3,053,103 2,251,848 2,488,768 1,730,387
For following year pay-go capital 3,636,000 1,260,500 3,285,500 2,426,000 1,528,583 2,685,500
For 3-months of operating cash 1,015,130 1,037,771 976,211 1,002,450 1,030,342 1,062,462
For following year debt service 4 791,950 801,700 810,450 645,350 652,650 659,200
Ending Cash 11,014,426 8,025,218 8,125,264 6,325,647 5,700,343 6,137,550
Net Position
Ending unrestricted net position 10,299,426 7,635,218 7,735,264 5,935,647 5,310,343 5,747,550
As % of expense 6 178% 129% 135% 101% 88% 93%
Total Average Number of Customer Bills 9,672 9,722 9,802 9,882 9,982 10,082
Total Water Volume Billed (1,000 of gallons)725,991 779,591 785,351 791,111 798,311 805,511
High Volume Customer (78,000 gallons)3.0%3.0%3.5%3.5%4.0%4.0%
Medium Volume Customer (18,000 gallons)3.0%3.0%3.5%3.5%4.0%4.0%
Low Volume Customer (8,000 gallons)3.0%3.0%3.5%3.5%4.0%4.0%
Average Annual % Change in Water Bill for Billing Period 1
101
DRAFT
Water Fund
Capital Improvement Plan
Water Fund
Project Description 2026 2027 2028 2029 2030
Capital Outlay
Transportation Plan 1,150,000 650,000 2,150,000 1,364,000 1,068,000
Wells 60,000 50,000 52,000 65,000 65,000
Boosters and misc projects 475,000 550,000 560,000 586,500 70,000
Current Year Projects - Facilities 141,000 10,500 498,500 385,500 12,000
Water Storage & Tower Reconditioning 1,810,000 - - - -
Technology Plan - SCADA - - - - 10,000
Equipment - - - - 303,583
WTF Rehabs & Equipment - - 25,000 25,000 -
Total Capital Outlay 3,636,000 1,260,500 3,285,500 2,426,000 1,528,583
Source of Funds
Bond proceeds - - - - -
Current revenue / use of cash in fund 3,636,000 1,260,500 3,285,500 2,426,000 1,528,583
Total Source of Funds 3,636,000 1,260,500 3,285,500 2,426,000 1,528,583
102
DRAFT
Sanitary Sewer Fund
Summary of Key Financial Information
Sewer Fund 2025 2026 2027 2028 2029 2030
Cash by Purpose
For future capital improvements 1,088,807 659,366 2,565,440 2,442,431 1,777,077 3,775,327
For following year pay-go capital 2,708,000 2,432,000 - 3,224,000 2,623,584 -
For 3-months of operating cash 983,149 988,381 1,045,910 1,127,243 1,135,491 1,184,489
For following year debt service 162,500 165,500 168,000 497,325 394,550 391,900
Ending Cash 4,942,455 4,245,247 3,779,350 7,290,999 5,930,702 5,351,715
Net Position
Ending unrestricted net position 4,752,455 4,050,247 3,584,350 7,095,999 5,735,702 5,156,715
As % of expense 6 99.7% 83.8% 70.3% 129.5% 97.2% 85.5%
Total Average Number of Customer Bills 9,539 9,589 9,669 9,749 9,849 9,949
Total Sewer Volume Billed (1,000 of gallons)584,448 587,448 592,248 597,048 603,048 609,048
High Volume Customer (47,000 gallons)10.5%7.5%3.4%3.4%3.4%3.4%
Medium Volume Customer (12,000 gallons)10.1%7.3%3.4%3.4%3.4%3.4%
Low Volume Customer (7,000 gallons)10.8%7.7%3.3%3.3%3.3%3.4%
Average Annual % Increase for Fees and Charges 1, 4
103
DRAFT
Sanitary Sewer Fund
Capital Improvement Plan
Sewer Fund
Project Description 2026 2027 2028 2029 2030
Capital Outlay
Transportation Plan 1,020,000 700,000 1,533,000 1,163,000 934,000
Sewer Lining - Inflow/Infiltration Prevention 468,000 482,000 496,000 511,000 526,000
Lift Station Rehabilitation 720,000 750,000 775,000 800,000 825,000
Technology Plan - SCADA 500,000 500,000 500,000 500,000 10,000
Generator/Equipment - - 225,000 250,000 328,584
Total Capital Outlay 2,708,000 2,432,000 3,529,000 3,224,000 2,623,584
Source of Funds
Bond Proceeds - - 5,150,000 - -
Current revenue / use of cash in fund 2,708,000 2,432,000 (1,621,000) 3,224,000 2,623,584
Total Source of Funds 2,708,000 2,432,000 3,529,000 3,224,000 2,623,584
04
DRAFT
Storm Water Quality Fund
Summary of Key Financial Information
Stormwater Fund 2025 2026 2027 2028 2029 2030
Cash by Purpose
For future capital improvements 2,653,718 2,955,752 2,960,218 2,858,006 2,805,370 2,528,306
For following year pay-go capital 1,095,000 910,000 1,182,250 1,172,000 1,389,333 1,638,000
For 3-months of operating cash 268,094 238,345 244,996 287,155 258,891 267,398
For following year debt service 89,650 87,650 90,650 88,400 91,150 88,650
Ending Cash 4,106,461 4,191,746 4,478,114 4,405,561 4,544,744 4,522,354
Net Position
Ending unrestricted net position 3,936,461 4,021,746 4,308,114 4,235,561 4,374,744 4,352,354
As % of expense 4 310.5% 349.2% 361.2% 306.7% 339.9% 323.8%
Total Average Number of Residential Equivalent
Units Billed 12,364 12,414 12,494 12,574 12,674 12,774
Per Residential Equivalent Unit 30.0%3.0%3.0%3.0%3.0%3.0%
Average Annual % Increase for Fees and Charges
05
DRAFT
Storm Water Quality Fund
Capital Improvement Plan
Stormwater Fund
Project Description 2026 2027 2028 2029 2030
Capital Outlay
Transportation Plan 693,000 360,000 473,000 706,000 667,000
Pond Maintenance & Retrofit 218,000 225,000 232,000 239,000 246,000
Stormwater Improvements 150,000 150,000 150,000 150,000 150,000
Stormwater Pond Planning 34,000 35,000 36,000 37,000 38,000
LSWMP Implementation Plan - - 50,000 - 50,000
Misc projects - 140,000 100,000 40,000 -
Regional Water Quality Pond Project - -- - -
Equipment - -141,250 - 238,333
Total Capital Outlay 1,095,000 910,000 1,182,250 1,172,000 1,389,333
Source of Funds
Bond Proceeds - - - - -
Current revenue / use of cash in fund 1,095,000 910,000 1,182,250 1,172,000 1,389,333
Total Source of Funds 1,095,000 910,000 1,182,250 1,172,000 1,389,333
106
DRAFT
Debt Analysis and Tax Impact
In reviewing the 2026-2030 Capital Improvement Program, the City Council should consider the
level of debt as well as the annual tax impact of the scheduled projects.
The 2026-2030 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.
As of 12/31/2024, the City of Prior Lake had $26.5M in debt. The following chart reflects the
type of debt. One-third of the debt is for facilities: Water Treatment Plant (through 2030), Fire
Station #2, City Hall, and the Police Station (through 2031).
The 2026-2030 CIP anticipates the following bonding (debt issuance) needs:
•The city is considering the 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 as part of the city’s debt levy. The city is in the 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 2026-2031 Park Plan includes bonding of $60,000,000 for Park Improvements,
primarily for community parks. The plan reflects bonding for major community park
improvements planned for Spring Lake and Lakefront community parks, and
Debt Type Amount as of
December 31, 2024 Purpose
G.O. Special Assessments 8,970,000 Street Improvement Projects
G.O. TIF Bonds 0 Tax Increment Project
G.O. Bonds (MV)1,785,000 Referendum Project (Fire Station #2)
G.O. Bonds 3,540,000 Street Reconstruction Projects
G.O. Bonds 1,860,000 Public Works Building and CIP
Projects
G.O. Bonds 670,000 Equipment
G.O. Revenue Bonds 6,360,000
Maintenance Facility, Water
Treatment Facility & Utility
Replacement Projects
G.O. Capital Improvement
Bonds 3,155,000 City Hall & Police Station
Energy Lease Loan Payable
(GESP)148,731 Guaranteed Energy Savings Program
Projects
Total 26,488,731
11.1
DRAFT
neighborhood park improvements. Estimated funding needs in the five-year plan have
been identified as $5M in 2026, $15M in 2027, $5M in 2028, $15M in 2029, $5M in 2030,
and $15M in 2031 (year six of the CIP Park Plan). The funding needs by year may change
as community discussion of the proposed projects continues in 2025 and the scope and
timing of specific projects is determined. 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 $4.810,000 of bonding for major equipment
replacement expenditures primarily for fire truck replacements (ladder truck in 2027 and
pumper truck in 2030).
•Bonding of $3,165,000 for major park replacement expenditures includes the replacement
for the four Ponds Parking Lots and entrance road in 2028.
•The Facilities Plan includes $6,800,000 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 $23,010,000 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 Sewer Fund includes bonding of $5,150,000 for planned expenditures for sewer
replacement costs on street reconstruction projects as well as lift station rehab, sewer
lining, and SCADA software update.
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
Fund Name
2025 2026 2027 2028 2029 2030
Capital Park Fund F226 (Park Improvement Bonds)- 5,000,000 15,000,000 5,000,000 15,000,000 5,000,000
Revolving Equip Fund F410 - 3,060,000 - - 1,750,000
Revolving Park Equip Fund F430 - - - 3,165,000 - -
Facilities Mgmt Fund F440 - 2,060,000 - 2,575,000 2,165,000
PIR Revolving Fund F450 - 500,000 230,000 415,000 -
Construction Fund F501 2,157,000 5,870,000 3,575,000 3,870,000 4,185,000 4,365,000
-
Governmental Funds Subtotal 2,157,000 12,930,000 22,135,000 14,840,000 21,765,000 11,115,000
Water Fund - - - - - -
Stormwater Fund - - - - - -
Sanitary Sewer Fund - - - 5,150,000 - -
Utility Funds Subtotal - - -5,150,000 - -
City total Debt Issuance - All funds 2,157,000 12,930,000 22,135,000 19,990,000 21,765,000 11,115,000
Long-Term Financial Planning
Bond Proceeds for Capital Projects
Projected Bonding by Year
11
DRAFT
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 $26.5M at the end
of 2024 to $85.6M at the end of 2030. Approximately $43M of the projected 2030 debt is for
proposed community and neighborhood park improvements.
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 2026-2030 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 and neighborhood park improvements of $5M in 2026,
$15M in 2027, $5M in 2028, $15M in 2029 and $5M in 2030. (Additional $15M also planned for
2031, year six of the 10-year CIP.) Staff will work with our municipal advisor to review options for
structuring the debt to minimize the annual debt service impact.
2025 2026 2027 2028 2029 2030
Total Debt Outstanding (Existing & Planned)
Governmental Funds Debt Outstanding 19,750,000 28,925,000 46,880,000 57,105,000 73,715,000 80,120,000
Enterprise Funds Debt Outstanding 4,395,000 3,585,000 2,735,000 6,995,000 6,245,000 5,460,000
Total Debt Outstanding (Existing & Planned)24,145,000 32,510,000 49,615,000 64,100,000 79,960,000 85,580,000
Park Improvement Debt Only - 5,000,000 19,890,000 24,450,000 38,880,000 42,960,000
Long-Term Financial Planning
Projected Change in Debt Outstanding
2025 2026 2027 2028 2029 2030
Debt Per Capita (assumes popluation growth)
Debt Per Capita (not incl Park Improvement Bonds)853 967 1,039 1,380 1,420 1,463
Debt Per Capita (incl Park Improvement Bonds)853 1,143 1,734 2,231 2,763 2,937
Long-Term Financial Planning
Projected
11.3
DRAFT
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 2025-2030 are based on level annual
debt service payments.
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:
2025 2026 2027 2028 2029 2030
Change in Debt Levy
Debt Service Levy (not incl Park Improvement Bonds)(244,692) 105,266 625,046 397,324 175,689 (126,335)
Debt Levy (Park Improvement Bonds Only)- - 470,838 1,295,929 136,717 1,294,469
Change in Debt Levy (244,692) 105,266 1,095,884 1,693,253 312,406 1,168,135
Projected Change in Debt Levy
2025 2026 2027 2028 2029 2030
Debt Service Levy (not incl Park Improvement Bonds)(244,692) 105,266 625,046 397,324 175,689 (126,335)
Debt Levy (Park Improvement Bonds Only)- - 470,838 1,295,929 136,717 1,294,469
Equipment Revolving Fund 50,000 (100,000) 50,000 100,000 70,000 50,000
Revolving Park Equip Fund 20,000 60,000 60,000 50,000 50,000 50,000
Facilities Management Fund 50,000 50,000 50,000 50,000 50,000 50,000
PIR Fund - - - - - -
Change in Total CIP Tax Levies (124,692) 115,266 1,255,884 1,893,253 482,406 1,318,135
Projected Change in CIP Tax Levy2025-2030 CIP
2025 2026 2027 2028 2029 2030
Debt Service Levy (not incl Park Improvement
Bonds)3,191,678 3,296,944 3,921,990 4,319,314 4,495,003 4,368,668
Debt Levy (Park Improvement Bonds Only)- - 470,838 1,766,767 1,903,484 3,197,953
Equipment Revolving Fund 1,025,000 925,000 975,000 1,075,000 1,145,000 1,195,000
Revolving Park Equip Fund 535,000 595,000 655,000 705,000 755,000 805,000
Facilities Management Fund 255,000 305,000 355,000 405,000 455,000 505,000
PIR Fund - - - - - -
Total CIP Tax Levies 5,006,678 5,121,944 6,377,828 8,271,081 8,753,487 10,071,621
CIP Tax Levies:Projected CIP Tax Levy
11.
DRAFT
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.
Debt repayment is based on level annual debt service payments.
As part of the city’s financial planning, the city is planning for a park referendum Fall 2025 for
$60M in park improvements. If approved by the voters, approximate bonding needs/projects
would be spread over six years (2026-2031) for community parks and neighborhood
improvements. This would provide funding for park improvements at Spring Lake Park, Lakefront
Park and neighborhood parks and trails.
Funding for proposed projects in the CIP results in an estimated 10-year average tax levy increase
of 7.8% and an estimated 10-year average tax rate increase of 4.1%. This is in line with the
parameters established in the city’s 2023 long range financial planning study.
The estimated tax levies and tax rate projections for the city’s five-year financial plan are shown
below.
2025 2026 2027 2028 2029 2030
Water 789,000 791,950 801,700 810,450 645,350 652,650
Sewer 164,250 162,500 165,500 168,000 497,325 394,550
Stormwater 86,830 89,650 87,650 90,650 88,400 91,150
2026-2030 CIP Projected Debt Service (funded by Utility Fund Revenues)
11.5
DRAFT
CITY PROPERTY TAX PROJECTION - INCLUDING PARK IMPROVEMENT BONDS
2025 2026 2027 2028 2029 2030
TAX LEVIES
General Fund Levy - Tax Capacity 14,848,732 16,238,411 17,660,526 19,264,383 20,425,810 21,695,077
General Fund Levy - Market Value 262,488 265,888 273,988 281,638 283,838 290,738
Debt Service Fund (not incl Park Improvement Bonds)2,929,190 3,031,056 3,648,002 4,037,676 4,211,165 4,077,930
Debt Levy (Park Improvement Bonds Only)470,838 1,766,767 1,903,484 3,197,954
CIP Funds 1,815,000 1,825,000 1,985,000 2,185,000 2,355,000 2,505,000
Total Tax Levies 19,855,410 21,360,355 24,038,354 27,535,464 29,179,297 31,766,698
Annual $ Change 1,859,077 1,504,945 2,677,998 3,497,111 1,643,832 2,587,401
TOTAL % CHANGE IN TAX LEVIES - including Park Imp Bonds 6.2%7.6%12.5%14.5%6.0%8.9%
CITY TAX CAPACITY TAX RATE- No Park Improvement Bonds 31.36%33.98%36.32%37.17%37.62%
Annual % Change 2.82%8.35%6.87%2.34%1.21%
CITY TAX CAPACITY TAX RATE- Including Park Improvement Bonds 31.36%34.71%38.97%39.92%42.07%
Annual % Change 2.82%10.67%12.27%2.44%5.40%
Debt per Capita - No Park Improvement Bonds 853 967 1,039 1,380 1,420 1,463
Debt per Capita - Including Park Improvement Bonds 853 1,143 1,734 2,231 2,763 2,937
Bonds Outstanding - No Park Improvement Bonds 24,145,000 27,510,000 29,725,000 39,650,000 41,080,000 42,620,000
Change in Bonds Outstanding 3,365,000 2,215,000 9,925,000 1,430,000 1,540,000
Bonds Outstanding - Including Park Improvement Bonds 24,145,000 32,510,000 49,615,000 64,100,000 79,960,000 85,580,000
Change in Bonds Outstanding 8,365,000 17,105,000 14,485,000 15,860,000 5,620,000
Five Year Planning Period
11.6
DRAFT
Financial Management Plan
2026-2030
August 12, 2025
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
•General Fund Projections
•Capital Improvement Program Projections and Levy Impacts
•Utility Services Financial Management Plan
•Debt and Debt Levy Projections
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.
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 2030:
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
2.
DRAFT
CITY OF PRIOR LAKE
PROPERTY TAX PROJECTION SUMMARY - Without Park Referendum
2025 2026 2027 2028 2029 2030
Adopted
Budget 2025
Proposed
Budget 2026
Projected
2027
Projected
2028
Projected
2029
Projected
2030
CITY TAX LEVIES (TAX CAPACITY)
General Fund 14,848,732 16,238,411 17,667,646 19,271,503 20,432,930 21,702,197
Debt Service Fund 2,929,190 3,031,056 3,648,002 4,037,676 4,211,165 4,077,930
Capital Park Fund F225 - - - - - -
Capital Park Refer Fund F226 - - - - - -
Revolving Equip Fund F410 1,025,000 925,000 975,000 1,075,000 1,145,000 1,195,000
Revolving Park Equip Fund F430 535,000 595,000 655,000 705,000 755,000 805,000
Facilities Mgmt Fund F440 255,000 305,000 355,000 405,000 455,000 505,000
PIR Revolving Fund F450 - - - - - -
Construction Fund F501 - - - - - -
Trunk Fund F502 - - - - - -
Street Oversizing Fund F503 - - - - - -
EDA Fund - - - - - -
Total Tax Levies 19,592,922 21,094,467 23,300,648 25,494,180 26,999,095 28,285,127
Annual $ Change 1,141,262 1,501,545 2,206,181 2,193,531 1,504,915 1,286,032
TOTAL % CHANGE IN CITY TAX LEVIES 6.2%7.7%10.5%9.4%5.9%4.8%
CITY TAX CAPACITY TAX RATE 30.50%31.43%34.06%36.40%37.25%37.69%
Annual % Change 0.74%3.03%8.39%6.86%2.34%1.20%
Bonds Outstanding 24,145,000 27,510,000 29,725,000 39,650,000 41,080,000 42,620,000
Debt Service 5,596,377 5,532,863 6,167,602 6,405,085 7,259,761 6,410,973
PROPERTY TAX PROJECTION SUMMARY - With Park Referendum
Adopted
Budget 2025
Proposed
Budget 2026
Projected
2027
Projected
2028
Projected
2029
Projected
2030
Total Tax Levies with Park Referendum 19,855,410 21,360,355 24,045,474 27,542,584 29,186,417 31,773,818
Annual $ Change 1,155,263 1,504,945 2,685,118 3,497,111 1,643,832 2,587,401
TOTAL % CHANGE IN TAX LEVIES 6.2%7.6%12.6%14.5%6.0%8.9%
CITY TAX CAPACITY TAX RATE with Park Refer 30.50%31.43%34.79%39.05%40.00%42.16%
Annual % Change 0.74%3.03%10.70%12.26%2.44%5.38%
Bonds Outstanding 24,145,000 32,510,000 49,615,000 64,100,000 79,960,000 85,580,000
Debt Service 5,596,377 5,532,863 6,616,019 8,087,720 9,072,602 9,456,643
CITY MARKET VALUE TAX RATE 0.00464%0.00451%0.00447%0.00441%0.00428%0.00421%
Annual % Change 1.41%-2.92%-0.92%-1.16%-3.10%-1.51%
EDA TAX CAPACITY TAX RATE 0.63%0.60%0.61%0.61%0.60%0.60%
Annual % Change -0.28%-4.50%0.66%0.30%-0.57%-0.54%
12.4
DRAFT
CITY OF PRIOR LAKE
CITY PROPERTY TAX PROJECTION - With Park Improvement Bonds (Impact shown in Red)
2025 2026 2027 2028 2029 2030
TAX LEVIES
General Fund Levy - Tax Capacity 14,848,732 16,238,411 17,660,526 19,264,383 20,425,810 21,695,077
General Fund Levy - Market Value 262,488 265,888 273,988 281,638 283,838 290,738
Debt Service Fund (not incl Park Improvement Bonds)2,929,190 3,031,056 3,648,002 4,037,676 4,211,165 4,077,930
Debt Levy (Park Improvement Bonds Only)470,838 1,766,767 1,903,484 3,197,954
CIP Funds 1,815,000 1,825,000 1,985,000 2,185,000 2,355,000 2,505,000
Total Tax Levies 19,855,410 21,360,355 24,038,354 27,535,464 29,179,297 31,766,698
Annual $ Change 1,859,077 1,504,945 2,677,998 3,497,111 1,643,832 2,587,401
TOTAL % CHANGE IN TAX LEVIES - including Park Imp Bonds 6.2%7.6%12.5%14.5%6.0%8.9%
CITY TAX CAPACITY TAX RATE- No Park Improvement Bonds 31.43%34.05%36.39%37.24%37.68%
Annual % Change 3.03%8.35%6.86%2.34%1.20%
CITY TAX CAPACITY TAX RATE- Including Park Improvement Bonds 31.43%34.78%39.04%39.99%42.15%
Annual % Change 3.03%10.67%12.26%2.44%5.38%
Debt per Capita - No Park Improvement Bonds 853 967 1,039 1,380 1,420 1,463
Debt per Capita - Including Park Improvement Bonds 853 1,143 1,734 2,231 2,763 2,937
Bonds Outstanding - No Park Improvement Bonds 24,145,000 27,510,000 29,725,000 39,650,000 41,080,000 42,620,000
Change in Bonds Outstanding 3,365,000 2,215,000 9,925,000 1,430,000 1,540,000
Bonds Outstanding - Including Park Improvement Bonds 24,145,000 32,510,000 49,615,000 64,100,000 79,960,000 85,580,000
Change in Bonds Outstanding 8,365,000 17,105,000 14,485,000 15,860,000 5,620,000
Five Year Planning Period
12.5
DRAFT
CITY OF PRIOR LAKE
PROPERTY TAX PROJECTION SUMMARY - With Park Improvement Bonds
2025 2026 2027 2028 2029 2030
Adopted Preliminary
Budget
Projected Projected Projected Projected
PRIOR YEAR TAX LEVIES
General Fund 13,798,778 14,848,732 16,238,411 17,667,646 19,271,503 20,432,930
Debt Service Fund 3,436,370 3,191,678 3,296,944 4,392,828 6,086,081 6,398,487
Capital Park Fund F225 - - - - - -
Capital Park Refer Fund F226 - - - - - -
Revolving Equip Fund F410 800,000 1,025,000 925,000 975,000 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 - - - - - -
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 19,090,148 20,260,410 21,766,468 24,463,770 27,973,429 29,630,187
SUMMARY OF CHANGE IN TAX LEVIES
GENERAL FUND
Revenue Changes
MV Debt Service Levy (14,001) (3,400) (8,100) (7,650) (2,200) (6,900)
Non Tax Revenues (546,774) (259,490) (1,328) (268,005) (211,614) (335,010)
Net Change Non Tax Revenues (560,775) (262,890) (9,428) (275,655) (213,814) (341,910)
Expense Changes
Current expenditures 875,108 (76,888) 246,341 256,194 266,442 277,100
Other financing uses - - - - - -
Personnel 3,030,827 1,192,129 1,292,222 1,342,469 1,172,799 1,324,178
Capital Outlay 85,223 (57,610) (36,000) - - -
Capital Outlay - Technology - 132,000 (72,000) 23,200 (66,200) 3,000
Transfer out to DS fund 28,600 3,400 8,100 7,650 2,200 6,900
Transfer out to other funds (400,000) - - - - -
Non-recurring mid-year adjustments - - - - - -
Net Change Expenses 3,619,758 1,193,031 1,438,663 1,629,513 1,375,241 1,611,177
Other Changes
Other source (use) of General Fund Reserves not included
in original adopted budget
(1,865,267) - (0)
Budgeted source (use) of General Fund Reserves (143,763) 459,538 - 250,000 - -
Net Other Changes (2,009,030) 459,538 (0) 250,000 - -
GENERAL FUND 1,049,954 1,389,679 1,429,235 1,603,857 1,161,427 1,269,267
DEBT SERVICE FUNDS
Existing Debt (258,692) (84,693) (126,620) (218,151) (895,918) (543,436)
Proposed Debt - 186,559 1,214,404 1,903,754 1,206,123 1,704,670
MV Debt 14,001 3,400 8,100 7,650 2,200 6,900
DEBT SERVICE FUNDS (244,692) 105,266 1,095,884 1,693,253 312,406 1,168,135
OTHER FUNDS
Capital Park Fund F225 - - - - - -
Capital Park Refer Fund F226 - - - - - -
Revolving Equip Fund F410 225,000 (100,000) 50,000 100,000 70,000 50,000
Revolving Park Equip Fund F430 75,000 60,000 60,000 50,000 50,000 50,000
Facilities Mgmt Fund F440 50,000 50,000 50,000 50,000 50,000 50,000
PIR Revolving Fund F450 - - - - - -
Construction Fund F501 - - - - - -
Trunk Fund F502 - - - - - -
Street Oversizing Fund F503 - - - - - -
EDA Fund 15,000 1,113 12,183 12,549 12,925 13,313
OTHER FUNDS 365,000 11,113 172,183 212,549 182,925 163,313
TOTAL CHANGE IN TAX LEVIES 1,170,263 1,506,058 2,697,301 3,509,660 1,656,758 2,600,715
ALL CITY PLUS EDA TAX LEVIES
General Fund 14,848,732 16,238,411 17,667,646 19,271,503 20,432,930 21,702,197
Debt Service Fund 3,191,678 3,296,944 4,392,828 6,086,081 6,398,487 7,566,621
Capital Park Fund F225 - - - - - -
Capital Park Refer Fund F226 - - - - - -
Revolving Equip Fund F410 1,025,000 925,000 975,000 1,075,000 1,145,000 1,195,000
Revolving Park Equip Fund F430 535,000 595,000 655,000 705,000 755,000 805,000
Facilities Mgmt Fund F440 255,000 305,000 355,000 405,000 455,000 505,000
PIR Revolving Fund F450 - - - - - -
Construction Fund F501 - - - - - -
Trunk Fund F502 - - - - - -
Street Oversizing Fund F503 - - - - - -
EDA Fund 405,000 406,113 418,296 430,845 443,770 457,083
Grand Total 20,260,410 21,766,468 24,463,770 27,973,429 29,630,187 32,230,901
CURRENT YEAR TAX LEVIES ANNUAL % CHANGE
General Fund 7.6%9.4%8.8%9.1%6.0%6.2%
Debt Service Fund -7.1%3.3%33.2%38.5%5.1%18.3%
Capital Park Fund F225
Capital Park Refer Fund F226
Revolving Equip Fund F410 28.1%-9.8%5.4%10.3%6.5%4.4%
Revolving Park Equip Fund F430 16.3%11.2%10.1%7.6%7.1%6.6%
Facilities Mgmt Fund F440 24.4%19.6%16.4%14.1%12.3%11.0%
PIR Revolving Fund F450
Construction Fund F501
Trunk Fund F502
Street Oversizing Fund F503
EDA Fund 3.8%0.3%3.0%3.0%3.0%3.0%
Grand Total 6.13%7.43%12.39%14.35%5.92%8.78%
CURRENT YEAR TAX CAPACITY TAX LEVIES
General Fund 14,848,732 16,238,411 17,667,646 19,271,503 20,432,930 21,702,197
Debt Service Fund 2,929,190 3,031,056 4,118,840 5,804,443 6,114,649 7,275,883
Capital Park Fund F225 - - - - - -
Capital Park Refer Fund F226 - - - - - -
Revolving Equip Fund F410 1,025,000 925,000 975,000 1,075,000 1,145,000 1,195,000
Revolving Park Equip Fund F430 535,000 595,000 655,000 705,000 755,000 805,000
Facilities Mgmt Fund F440 255,000 305,000 355,000 405,000 455,000 505,000
PIR Revolving Fund F450 - - - - - -
Construction Fund F501 - - - - - -
Trunk Fund F502 - - - - - -
Street Oversizing Fund F503 - - - - - -
EDA Fund 405,000 406,113 418,296 430,845 443,770 457,083
Grand Total 19,997,922 21,500,580 24,189,782 27,691,791 29,346,349 31,940,163
Annual % Change 6.14%7.51%12.51%14.48%5.97%8.84%
CURRENT YEAR REFERENDUM TAX LEVIES
General Fund
Debt Service Fund 262,488 265,888 273,988 281,638 283,838 290,738
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 Fund
Grand Total 262,488 265,888 273,988 281,638 283,838 290,738
Annual % Change 5.63%1.30%3.05%2.79%0.78%2.43%
12.6
DRAFT
CITY OF PRIOR LAKE
PROPERTY TAX LEVY, TAX CAPACITY, AND TAX RATE - with Park Improvement Bonds
2025 2026 2027 2028 2029 2030
Certified Preliminary
Budget
Projected Projected Projected Projected
TAX LEVY (TAX CAPACITY)
General Fund 14,848,732 16,238,411 17,667,646 19,271,503 20,432,930 21,702,197
Debt Service Fund 2,929,190 3,031,056 4,118,840 5,804,443 6,114,649 7,275,883
Capital Park Fund F225 - - - - - -
Capital Park Refer Fund F226 - - - - - -
Revolving Equip Fund F410 1,025,000 925,000 975,000 1,075,000 1,145,000 1,195,000
Revolving Park Equip Fund F430 535,000 595,000 655,000 705,000 755,000 805,000
Facilities Mgmt Fund F440 255,000 305,000 355,000 405,000 455,000 505,000
PIR Revolving Fund F450 - - - - - -
Construction Fund F501 - - - - - -
Trunk Fund F502 - - - - - -
Street Oversizing Fund F503 - - - - - -
EDA Fund - - - - - -
Total Tax Levies 19,592,922 21,094,467 23,771,486 27,260,946 28,902,579 31,483,080
Annual % Change 6.19%7.66%12.69%14.68%6.02%8.93%
Fiscal Disparities Distribution 1,278,316 1,278,316 1,278,316 1,278,316 1,278,316 1,278,316
Net Tax Levy 18,314,606 19,816,151 22,493,170 25,982,630 27,624,263 30,204,764
Annual % Change 5.05%8.20%13.51%15.51%6.32%9.34%
TAX CAPACITY
Total Tax Capacity (TC) Before New Construction 62,470,420 64,452,302 66,514,776 68,643,249 70,839,833 73,319,227
TC from Projected New Construction - 1,129,688 665,938 413,750 739,063 741,250
Total TC with Projected New Construction 62,470,420 65,581,990 67,180,713 69,056,999 71,578,895 74,060,477
Fiscal Disparities TC Contribution 2,138,693 2,225,769 2,225,769 2,225,769 2,225,769 2,225,769
TIF TC 287,127 299,732 299,732 299,732 299,732 186,244
Net Tax Capacity (NTC)60,044,600 63,056,489 64,655,212 66,531,498 69,053,394 71,648,463
Annual % Change 4.28%5.02%2.54%2.90%3.79%3.76%
TAX CAPACITY TAX RATE 30.502%31.43%34.789%39.053%40.004%42.157%
Annual % Change 0.74%3.03%10.70%12.26%2.44%5.38%
TAX LEVY (REFERENDUM)262,488 265,888 273,988 281,638 283,838 290,738
Annual % Change 1.30%3.05%2.79%0.78%2.43%
MARKET VALUE (REFERENDUM)5,653,472,300 5,898,732,221 6,134,681,510 6,380,068,770 6,635,271,521 6,900,682,382
MARKET VALUE TAX RATE 0.004643%0.00451%0.004466%0.004414%0.004278%0.004213%
Annual % Change 1.41%-2.92%-0.92%-1.16%-3.10%-1.51%
12.7
DRAFT
CITY OF PRIOR LAKE
General Fund
2024 2025 2025 2026 2027 2028 2029 2030
Actual Forecast Budget Preliminary
Budget
Projected Projected Projected Projected
REVENUE AND OTHER SOURCES
Current tax 12,727,339 13,570,416 13,570,416 14,960,095 16,579,925 18,183,782 19,345,209 20,614,476
MV Tax Levy in General Fund 248,488 262,488 262,488 265,888 273,988 281,638 283,838 290,738
Fiscal disparities distribution 975,152 1,278,316 1,278,316 1,278,316 1,087,721 1,087,721 1,087,721 1,087,721
Property Tax 13,950,979 15,111,220 15,111,220 16,504,299 17,941,634 19,553,141 20,716,768 21,992,935
Special assessments 5,057 4,000 4,000 4,000 4,000 4,000 4,000 4,000
Franchise fees 543,869 543,000 555,000 528,000 528,000 528,000 528,000 528,000
Charges for services 1,511,430 1,240,722 1,240,722 1,313,290 1,338,893 1,353,756 1,424,534 1,440,060
Fines & forfeitures 103,766 108,000 108,000 108,000 109,080 110,171 111,273 112,385
Intergovernmental revenue 3,586,083 3,712,834 3,712,834 3,908,388 3,811,940 4,043,320 4,071,498 4,353,730
Licenses & permits 868,935 550,842 550,842 472,710 546,583 547,488 637,998 646,941
Miscellaneous revenues 1,306,511 489,300 377,300 420,800 446,447 447,026 448,310 455,151
Other financing sources - - - - - - - -
Property tax other - - - - - - - -
Sale of property and capital assets 5,086 - - - - - - -
Transfer in from other funds 876,400 615,000 615,000 668,000 639,573 658,760 678,523 698,879
Total Revenues and Other Fund Sources 22,758,115 22,374,918 22,274,918 23,927,487 25,366,150 27,245,662 28,620,903 30,232,080
EXPENDITURES AND OTHER USES
Current expenditures (5,507,621) (6,235,401) (6,235,401) (6,158,513) (6,404,854) (6,661,048) (6,927,490) (7,204,589)
Other financing uses - - - - - - - -
Personnel (14,479,122) (16,132,029) (16,112,957) (17,305,086) (18,597,308) (19,939,777) (21,112,576) (22,436,753)
Capital Outlay (116,559) (123,610) (123,610) (66,000) (30,000) (30,000) (30,000) (30,000)
Capital Outlay - Technology - - - (132,000) (60,000) (83,200) (17,000) (20,000)
Transfer out to DS fund (248,488) (262,488) (262,488) (265,888) (273,988) (281,638) (283,838) (290,738)
Transfer out to other funds - (290,000) - - - - - -
Overhead Allocation to Enterprise Funds - -- - - - - -
Total Expenditures and Other Uses (20,351,790) (23,043,528) (22,734,456) (23,927,487) (25,366,150) (26,995,662) (28,370,903) (29,982,080)
CHANGE IN FUND BALANCE 2,406,325 (668,610) (459,538) 0 - 250,000 250,000 250,000
Explanation of Total Revenue Over Expense:
Budgeted source (use) of fund balance (459,538) - - 250,000 250,000 250,000
Other revenue over (under) expense 2,406,325 (668,610) 0 0
Beginning Fund Balance 11,005,244 13,411,569 13,411,569 12,742,959 12,742,959 12,742,959 12,992,959 13,242,959
Ending Fund Balance 13,411,569 12,742,959 12,952,031 12,742,959 12,742,959 12,992,959 13,242,959 13,492,959
Ending Fund Balance as % of Expense 59%53%54%50%47%46%44%43%
12.8
DRAFT
$0.0
$1.0
$2.0
$3.0
$4.0
$5.0
$6.0
$7.0
$8.0
2024 2025 2026 2027 2028 2029 2030
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Debt Service Tax Levy with Park Improvement Bonds
All City Funds
New
Existing Ref
Existing
12.9
DRAFT
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
$0.0
$2.0
$4.0
$6.0
$8.0
$10.0
$12.0
$14.0
$16.0
2024 2025 2026 2027 2028 2029 2030
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General fund
Ending Fund Balance
Ending Fund Balance Ending Fund Balance as % of Expense Fund Balance Target
12.10
DRAFT
29.849%30.463%
28.099%
30.277%30.502%31.426%
34.789%
39.053%40.004%
42.157%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
City Tax Rate with Park Improvement Bonds
Tax Capacity Rate
12.11
DRAFT
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
$0.0
$5.0
$10.0
$15.0
$20.0
$25.0
$30.0
$35.0
2024 2025 2026 2027 2028 2029 2030
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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
12.12
DRAFT
-4.0%
-3.0%
-2.0%
-1.0%
0.0%
1.0%
2.0%
3.0%
4.0%
$0.2
$0.2
$0.2
$0.3
$0.3
$0.3
$0.3
$0.3
$0.3
2024 2025 2026 2027 2028 2029 2030
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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
12.13
DRAFT
3.8%
3.9%
4.0%
4.1%
4.2%
4.3%
4.4%
4.5%
$0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
$9,000
$10,000
2025 2026 2027 2028 2029 2030
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Example Residential Properties
City Property Taxes with Park Improvement Bonds
Residential $433,600 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.
12.14
DRAFT
3.8%
3.9%
4.0%
4.1%
4.2%
4.3%
4.4%
4.5%
$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
$45,000
2025 2026 2027 2028 2029 2030
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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.
12.15
DRAFT
CITY OF PRIOR LAKE, MN
2026 to 2030 CAPITAL IMPROVEMENT PLAN
August 12, 2025
Adopted ______________, 2025
A-1
CITY OF PRIOR LAKE
2026-2030 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 12, 2025, the City Council held a public hearing on the adoption of the 2026-2030
Capital Improvement Plan and the issuance of general obligation improvement bonds.
On August 12, 2025, the City Council adopted Resolution No. 25-_____ approving the 2026-
2030 Capital Improvement Plan (the “CIP”). The approved 2026-2030 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):
2026 Expenditures
The City intends to do masonry maintenance on multiple City buildings including city hall,
the police station and both fire stations. A new sprinkler system will be installed at the
library/Club Prior. A new AC condenser will be installed at the police station. The
combined estimated cost of the improvements to these facilities along with cost of issuance
to be financed through bond proceeds is $1,575,000.
2027 Expenditures
No projects anticipated in this plan.
2028 Expenditures
The City intends for maintenance and remodel in city hall and the police station. HVAC
maintenance is planned at 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 $2,100,000.
A-3
2029 expenditures
The City intends to construct improvements to the city hall and library/Club Prior,
consisting of capital maintenance, and including building and exterior site improvements.
The combined estimated cost of the improvement to these facilities along with cost of
issuance to be financed through bond proceeds is $2,100,000.
2030 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 July 2, 2025, the level of overlapping debt in the City is provided in the table below:
Issuer
2024/2025
Tax
Capacity
Value(1)
2024/2025
Tax
Capacity
Value
in City(1)
Percentage
Applicable
in City
Outstanding
General
Obligation
Debt (2)
Taxpayers’
Share
of Debt
Scott County $ 331,469,672 $64,262,990 19.39% $91,730,000 $ 17,786,447
ISD No. 719 (Prior
Lake-Savage) 104,331,758 61,353,342 58.81 123,581,022 72,677,999
ISD No. 720
(Shakopee) 105,644,602 2,909,648 2.75 101,649,567 2,795,363
Metropolitan Council 6,330,160,332 64,262,900 1.02 5,025,000(3) 51,255
Metro Transit 5,538,527,403 64,262,900 1.16 173,480,000 (4) 2,012,368
Total Indirect Debt: $ 95,323,432
(1) Tax Capacity Value is after tax increment deduction and fiscal disparity adjustments.
(2) As of July 2, 2025, unless noted otherwise.
(3) Metropolitan Council has $5,025,000 of general obligation debt outstanding as of December 31, 2024. This debt is payable
from ad valorem taxes levied on all taxable property within the Metropolitan Taxing District. This amount excludes
$1,166,500,000 of general obligation debt payable from wastewater and sewer revenues, and lease agreements.
(4) Metropolitan Transit has $173,480,000 of property tax supported general obligation debt outstanding as of December 31,
2024. 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 $227,150,000 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 $5,775,000,
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 $5,775,000.
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
2024 population was 28,500. Therefore, the proposed general obligation capital improvement
plan bonds to be issued in the years 2026 through 2030 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 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 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 calendar year on the Outstanding CIP Bonds, combined, is $1,100,638. In
payable year 2025, the City’s EMV was $5,838,605,300. Therefore, the total amount available
to be used to pay principal and interest on the outstanding bonds plus any new bonds issued
under this Plan is $9,341,768 per year ($5,838,605,300 x 0.16% = $9,341,768, which is greater
than the maximum amount of principal and interest due in any year on the Outstanding CIP
Bonds plus the proposed new bonds.).
Under this CIP the City may issue up to $5,775,000 in general obligation capital improvement
plan bonds in the years 2026 through 2030 to finance the Projects. If the City were to issue
general obligation capital improvement bonds in the maximum principal amount of $5,775,000
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)
DRAFT
CITY OF PRIOR LAKE, MN
2026 to 2030 STREET RECONSTRUCTION PLAN
DRAFT AS OF AUGUST 12, 2025
City of Prior Lake
2026-2030 Street Reconstruction Plan
Page 2 of 4
City of Prior Lake, MN
2026 to 2030 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.
City of Prior Lake
2026-2030 Street Reconstruction Plan
Page 3 of 4
• 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.
At time of approval of the proposed Plan the City’s Statutory Debt Limit is as follows:
Bond Issue Amount Outstanding
$3,505,000 G.O. Bonds, Series 2016A $75,000
$8,270,000 G.O. Bonds, Series 2018A 585,000
$2,065,000 G.O. Bonds, Series 2019A 830,000
$5,760,000 G.O. Bonds, Series 2021A 1,665,000
$1,580,000 G.O. Bonds, Series 2023A 385,000
Total Outstanding Street Reconstruction Bonds $ 3,540,000
City of Prior Lake
2026-2030 Street Reconstruction Plan
Page 4 of 4
Computation of Legal Debt Margin as of July 1, 2025:
2025 Estimated Market Value $ 5,838,605,300
Multiplied by 3% x .03
Statutory Debt Limit $ 175,158,159
Outstanding debt applicable to debt limit:
$3,630,000 G.O. Bonds, Series 2016A $ 75,000
$8,720,000 G.O. Bonds, Series 2018A 1,035,000
$2,065,000 G.O. Bonds, Series 2019A 940,000
$5,760,000 G.O. Bonds, Series 2021A 3,800,000
$5,870,000 G.O. Bonds, Series 2021B 3,155,000
$1,620,000 G.O. Bonds, Series 2023A 385,000
Less outstanding debt applicable to debt limit: $ 9,390,000
Legal debt margin $ 165,768,159
The Plan provides for the issuance of a not to exceed amount of $24,900,000 in General
Obligation Street Reconstruction Bonds between January 1, 2026 and December 31, 2030.
This amount includes estimated cost of issuance of bonds, capitalized interest and rounding.
The proposed bond issuance is within the current City’s Legal Debt Margin, as of the date of
adoption of the Plan.
V. Proposed Street Reconstruction and Cost Estimate
The Plan is detailed in Table A. The City reserves the right to adjust the amount of annual
spending between years provided the overall not to exceed amount in the Plan is not
increased.
CITY OF PRIOR LAKE 2026-2030
STREET RECONSTRUCTION PLAN AMOUNTS
January 1, 2026 through December 31, 2026
Northwood Street Recon Project - Phase 1 6,270,000$
TOTAL 2026 6,270,000$
January 1, 2027 through December 31, 2027
Northwood Street Recon Project - Phase 2 2,740,000$
Northwood Street Project - Phase 2 Mill and Overlay 540,000$
CSAH 17 Expansion 240,000$
CR 12 & CSAH 17 Intersection 60,000$
TOTAL 2027 3,580,000$
January 1, 2028 through December 31, 2028
Green Heights Area 3,310,000$
Adelmann St Mill and Overlay 250,000$
TOTAL 2028 3,560,000$
January 1, 2029 through December 31, 2029
Sunset Hills Area 3,760,000$
Frost Point Circle 840,000$
Berens Road Extension 830,000$
TOTAL 2029 5,430,000$
January 1, 2030 through December 31, 2030
Raspberry Ridge Neighborhood 4,870,000$
TOTAL 2030 4,870,000$
GRAND TOTAL (1/1/2026 THROUGH 12/31/2030)23,710,000
Bond Issuance Costs, Capitalized Interest, and Rounding $1,190,000
GRAND TOTAL $24,900,000
TABLE A