Agenda - Council - 01/27/2015 - Laserfiche WebLink

Home

CC Regular Session Meeting Date: 01/27/2015 By: Diana Lund, Finance 4. 4. Information Title Schedule Public Hearing to Consider Adoption of the 2015-2019 Capital Improvement Program (CIP) Purpose/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 2015-2019 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. Cash flows are presented for the respective funds presented in the CIP. They can be found in the last several pages of the CIP document. A supplemental section titled 'Future Consideration Projects' has also been included. This is a listing of park projects that are prioritized by need and contingent upon availability of resources. These projects are unfunded and unscheduled until resources become available. 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 10, 2015. Notification: A draft document of the 2015-2019 CIP and supplemental report. Any reported changed will be reflected in document presented at the February 10, 2015 public hearing. Funding Source: The 2015-2019 Capital Improvement Program depicts the various funding sources used to fund capital improvements. Action: Motion to authorize a public hearing on February 10, 2015 for the adoption of the 2015-2019 Capital Improvement Program. DRAFT 2015-2019 CIP Draft Supplemental 2015-2019 CIP Attachments