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CC Regular Session <br />Meeting Date: 05/24/2016 <br />By: Diana Lund, Finance <br />4. 3. <br />Information <br />Title <br />Schedule Public Hearing to Consider Adoption of 2016-2020 Capital Improvement Plan (CIP) <br />Purpose/Background: <br />The Capital Improvement Program (CIP) is a strategic planning tool to assist the City Council in identifying <br />proposed capital improvement projects over the next five years. The 2016-2020 CIP contains the following <br />categories: Capital Bonding Projects, Equipment Replacement, Municipal Buildings, Park Improvements, Sewer <br />Utility, Storm Water Utility, Street Improvements, Street Light Utility, and Water Utility Improvements. <br />The projects, as presented in the CIP document, are presented at total costs. The city is not responsible for the <br />funding of all projects listed in this program. For example: If a grant is received the respective project is shown at <br />total project costs with the amount of grant listed as an offsetting revenue source. Cash flows are presented for the <br />respective funds presented in the CIP. They can be found in the last several pages of the CIP document. <br />A supplemental section titled 'Future Consideration Projects' has also been included. This is a listing of park projects <br />that are prioritized by need and contingent upon availability of resources. These projects are unfunded and <br />unscheduled until resources become available. <br />As mentioned above, this is a planning document only, and not an approval of any project listed. <br />Per section 7.5 of the Ramsey City Charter, the city shall hold an annual public hearing on the five-year Capital <br />Improvement Program and adopt it by resolution. Staff is asking that a public hearing be held at the regular meeting <br />of June 14, 2016. <br />Notification: <br />A draft document of the 2016-2020 CIP and supplemental report is attached. Any reported changes will be reflected <br />in the document presented at the June 14, 2016 public hearing. <br />Funding Source: <br />The 2016-2020 Capital Improvement Program depicts the various funding sources used to fund capital <br />improvements. <br />Action: <br />Motion to authorize a public hearing on June 14, 2016 for the adoption of the 2016-2020 Capital Improvement <br />Program <br />Attachments <br />2016-2020 Draft CIP <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Kurt Ulrich 05/19/2016 08:38 AM <br />