Agenda - Council - 10/27/2015 - Laserfiche WebLink

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VII. FINANCIAL CONSIDERATIONS 9 Typically a Capital Improvement Program (CIP) is an itemized program for at least a five-year prospective period. The items and associated costs are subject to at least biennial review. The benefits include setting forth the schedule, timing, and details of specific contemplated capital improvements by year, together with their estimated cost, the need for each improvement, financial sources, and the fmancial effect that the improvements will have on the local government unit or watershed management organization. The City recognizes that the detailed modeling exercise of the storm water system for the city laid out many areas of potential full pipes, inadequate flow structures, and potential flooding issues that will need to be constantly re-evaluated as more detailed information is available for the system and as the city grows. As this re-evaluation occurs, the CIP will need to be updated to reflect new projects. A. 5-year Capital Improvement Program The current 5-year Capital Improvement Program includes the following: 1. Annual Sediment Pond Cleaning $125,000 2. County Ditch 43 Cleaning $180,000 3. COR Bunker Lake Boulevard (Armstrong Blvd to Ramsey Blvd) $560,000 4. West Mississippi Outlet $680,000 5. 6. Whispering Pines Estates Plat 2 Storm Sewer $330.000 7. Annual Drainage Enhancements $675.000 8. Stormwater Drainage Improvements —Treatment before discharge to River $410.000 9. Storm Sewer South of Bunker Lake Boulevard -COR $250.000 10. Garnet Street Reconstruction $198.000 11. Reconstruction of Andrie Street/ 164th Avenue $1.020.600 12. Reconstruction of Streets -Ford Brook Estates $237.600 13. Alpine Drive Reconstruction $60.700 14. Reconstruction of Streets — Stanhope Terrace and North Forty $587,000 15. Total Current 5-year Plan Expenditures $5,389,500 The financial impact of implementation of the proposed regulatory controls and programs identified in Section VI is anticipated to include the following: 16. Adopting and Enforcing the SWMP Local Controls and Standards' $25,000/year 17. SWPPP Annual Cost and Implementation10 $100,000/year 18. Current Five Year Capital Improvements $5,389,500 Total 5-year Financial Impact $6,014,500 Estimated cost is based on one half-time employee at salaries (plus benefits) of $50,000 per year. 'o Estimated cost is based on two fulltime employees at salaries (plus benefits) of $50,000 per year. Section VII October 21, 2015 Page 53