Agenda - Council - 01/22/2013 - Laserfiche WebLink

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CC Regular Session 4. 2. Meeting Date: 01/22/2013 By: Diana Lund, Finance Information Title: Schedule Public Hearing to Consider Adoption of the 2013-2017 Capital Improvement Program (CIP) Background: The Capital Improvement Program (CIP) is a strategic planning tool to assist the City Council in identifying proposed capital improvement projects over the next five years. The 2013-2017 CIP contains the following categories: Capital Bonding Projects, Equipment Replacement, Municipal Buildings, Park Improvements, Sewer Utility, Site Acquisitions, Storm Water Utility, Street Improvements, Street Light Utility, and Water Utility Improvements. The projects, as presented in the CIP document, are presented at total costs. The city is not responsible for the funding of all projects listed in this program. For example: If a grant is received the respective project is shown at total project costs with the amount of grant listed as an offsetting revenue source. It should be noted that some of the projects included in the CIP have their revenue source listed as unfunded, need developer support or have to meet necessary bonding requirements such as for TIF 14. These projects are included in the document as the CIP is a planning tool. As mentioned above, this is a planning document only, and not an approval of any project listed. Per section 7.5 of the Ramsey City Charter, the city shall hold an annual public hearing on the five-year Capital Improvement Program and adopt it by resolution. Staff is asking that a public hearing be held at the regular meeting of February 12, 2013. Funding Source: The 2013-2017 Capital Improvement Program depicts the various funding sources used to fund capital improvements. Council Action: Motion to authorize a public hearing on February 12, 2013 for the adoption of the 2013-2017 Capital Improvement Program. Attachments 2013-2017 Capital Improvement Program Form Review Inbox Reviewed By Date Kurt Ulrich Kurt Ulrich 01/17/2013 02:38 PM Form Started By: Diana Lund Started On: 01/14/2013 03:01 PM Final Approval Date: 01/17/2013