Agenda - Council - 11/23/1993 - Laserfiche WebLink

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1994-2000 CAPITAL IMPROVEMENT PROGRAM By: Ryan R. Schroeder, City Administrator CASE # 4 Background: On November 2, 1993, Staff distributed to Council the enclosed memorandum dated October 29, 1993, explaining the 1993-1995 years of the Capital Improvement Plan progress. On December 14, 1993, City Council will consider adoption of the 1994 General Fund Budget including the 1994 Capital Improvement/Capital Outlay budget. Previously, Council had directed that the second December meeting be cancelled. Therefore, it is expected that December 14, 1993, will be a lengthy meeting. Hence, this case is placed on this meeting. As described in the CIP summary within the plan document itself (enclosed separately) adoption of the CIP means that you are in general agreement with the projects and schedule noted in the plan. It does not result in approval of the 1994 budget for the 1994 improvements. This, hopefully, will occur with budget adoption in December. The enclosed plan forecasts improvements through the year 2000. The recently adopted funding policies are also contained in the plan. Cash flows which project from where planned expenditures will occur follow the adopted policies. Improvements are shown in each of the areas of parks, streets, utilities, and municipal buildings. THE highlight of this plan is that each non -general fund projected improvement has an identified funding source and allocation already identified and available through the year 2000 (assuming project estimates are accurate). The plan provides for construction of McYdrdey Street projects, Sunwood Drive, and 153rd/155th Avenue N.W. It also provides for funding of Trunk Highway #47 improvements, Riverdale Drive, and a three-year, street paving program. It allocates $120,000 in 1994 and 1995 toward park improvements and $80,000 annually thereafter, plus new subdivision improvements. It projects an additional well, funded in 1995, with a second water tower in 1998. The plan projects construction of a public works/police facility in 1996. In order for this to occur, however, it is projected that the tax levy will need to increase in 1995 and 1996 similar to the past two years. A fire satellite station is projected in 1998. However, current cost estimates will likely delay this proposed general fund expenditure which was originally projected at a much lower cost than appears will be the case. Council Action: Motion to adopt Resolution ~93-11- Program. approving the 1994 - 2000 Capital Improvements Reviewed by: Ci~ Administrator CC:i 1-23-93 Copies also distributed to: Finance Officer Pohce Chief Fire Chief City Engineer Public Works Super~4sor Parks/Utilities Coordinator Zoning Administrator Project Manager