Agenda - Council - 01/25/2000 - Laserfiche WebLink

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I I I Background: CITY OF RAMSEY CAPITAL IMPROVEMENT/CAPITAL OUTLAY PLAN 2000-2004 By: Diana Lund, Finance Officer I I I Enclosed is the Ramsey Capital Improvements/Capital Outlay Plan (CIP) for the years 2000 2004. It has been prepared in an attempt to anticipate major capital expenditures in advance of the year in which they are budget requests. Further, several projects may interrelate or require other improvements prior to initiation which would cause delays without prior planning. Additionahy, projects may require budgeting over several years or receipt of funds from other sources (i.e. grants) requiring planning completion prior to the funding year. Finally, the plan enables a snapshot of the identified capital needs of the community allowing for continual prioritizp*;on o f these needs. Approval of the CIP by Council does not autiv'rize spending or initiation of a given project. It does, v. ~,evcr, provide a guide for the cor-m'c, nity for a whole array of priv.."te 2nd public decisJ, o~,-,~'."~ing, impacted by public capital ¢.,:pCnditures. Therefore, the CIP sh:~uid receive ratific~tici, 3n!y if the Council perceives.actions contemplated within the ~la,~ as reasonable and planp.r :'. within justified time frames.' J_t ~'* C5_ £urther be noted that initial prc.j~'~.', design of public ir: .,~tructure projects identified wi2~i? 2.~z plan often begins two years or ~.~rz prior to the date vic..3nstruction. The Ci~~ is ~ot intended to provide for p~'.:e!e'; budgeting. Capital costs are projected as estimates. XJpon each update of the plan, d" Aions, additions, delays, or other ~'i:,ions may occur, ;'~.~e.:;t~ng changing community needs. These changes allow for budget re~:: z.ments as a particular' project nears actual construction. The plan does not contain a specific designation which denotes project prioritiez. There is no weighting or matching of priorities between, i~:frastructure types [streets, parks, utilities, building facilities] as each type of project generally has a funding source unique to the project type and from which funds cannot be reallocated. Recommendation: Staff recommends that Council approve the 2000-2004 CIP noting that this is a forecasting tool and not actual, committed projects and expenditures. Council Action: To adopt the City of Ramsey's Capital Improvement Program for the years of 2000-2004. Reviewed by: City Administrator Finance Officer FC: 1-25-00