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I <br />! <br /> <br />]~-CASE # Z <br /> <br />REVIEW AND ADOPT PROPOSED 1997 - 2002 <br />CAPITAL IMPROVEMENT PROGRAM <br /> By: Ryan R. Schroeder, City Administrator <br /> Jessie Hart, Finance Officer <br /> <br />Background:: <br /> <br />Each year at ~is time, as part of the budget review process, Council considers an update to the list <br />of capital pr.o~cts proposed for completion over the next seven years. The resulting Capital <br />Improvements[Program (CIP) will direct City staff to begin project planning and, in some cases, <br />design for pro~ects within the plan. The most recent iteration of the CIP is enclosed for your <br />consideration,r <br /> <br />The 1997-200~ CIP is not significantly different from CIP's you have reviewed and approved in <br />recent years, iAs always, there are changes to cost projections as new information provides <br />improvements iin those numbers. The park improvement portion of the CIP has previously been <br />approved and ~ose projects are included again in this document. Finally, we have adjusted timing <br />and allocation~ocation (funding sources) for some roadway improvements due to fund shortages <br />(or excess funds) and perceived change in priorities of the community and Council. <br /> <br />The largest item of note within this CIP is that it recognizes that TH #47, although owned and <br />maintained by !he Minnesota Department of Transportation, has become a local priority. As such, <br />there are local funds within this CIP dedicated toward the improvement of that corridor. Another <br />notable changeiis that this CIP shows an improvement in the budget for Fire Station #2 and the <br />expansion ofF[re Station #1 shows up in the year 2002. <br /> <br />The cash flows!are included and show that all of the projects from established funds are supported <br />by projected mYenues. Projects funded from the "other" category oftentimes will have available <br />revenues but, i/a some cases, rely upon gaining funds from an outside source. The cash flows for <br />the Public Iml~rovement Revolving Fund (PIR) assume that the City will be eliminating the <br />sealcoating assessment program in favor of a utility franchise fee. <br /> <br />Council ActiOn: <br /> <br />Motion to reco~ amend Council adopt the Proposed 1997 - 2002 Capital Improvement Program. <br /> <br />Reviewed by: <br /> <br />City Administrator <br />Finance Officer~ <br /> <br />FC: 11/26/96 <br />/jmt <br /> <br />157 <br /> <br /> <br />