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Potential funding sources for capital improvement 'expenditures may include: · Genera] Funds · Special Assessments · General Obligation Bonds · CIP Genera] Obligation Bonds* · Tax Increment Financing . · Economic Development Authority Levy · Developer Fees · Grants & .4.ids · Utility Funds (Water, Sewer, Street Lights, Storm Water) · Special Revenue Funds (Equipment Revolving, Lawful Gambling) · Capital Project Funds (Facility, MSA, PIR) · Trust Funds (Landfill, Park Improvement) · Storm WaterLew, *Only City Hall, ?ublic Works facilities and Public Safety facilities may be financed with Genera/ Obligation bonds' un&r the CJP Act (~linnesota Statutes Chapter 475). Other capital imFrovements &scribed in this plan as being financed un&r General Obligation Bonds m~y be financed with special assessment bon& un&r Minnesota Statutes, Chapter 429 and ur/Ii? revenue bonds under Minnesota Statutes, Chapter 444. Included in the 2005-2009 CIP are two projects propOsed to be financed via the CIP General Obligation Bond. Those projects are the construction of a new Municipal Center and the purchase of additional land for the existing Public Works CamPus. Section 475.521 - Capital hnprovement Bonds requires that City, Council consider the following eight items for each project: (1). Condition of the City's Existing Infrastructure, including the projected need for repair or replacement: Both the City Halt and Police Department have outgrown their current Facilities. With the population expected to double within the coming years, staffing levels will continue to increase also. Every, .possible space within the cnn'cut City Hall has been used and there has been talk of modular trailers to house additional staff. While the existing facilities could be added onto, the costs incurred to increase the size of the buildings (Police and City Hall) and the costs to upgrade the HVAC system could possibly exceed the price of new Construction. The Public Works Campus is also reaching full build out, and the purchase of additional land would allow for possible future expansion. (2). Likely demand for the improvement. The City has an immediate need for a Municipal Center. Not only is their currently a shortage of space, all projected estimates show Ramsey's population as doubling within the next twenty years, A joint Municipal Cemer would allow the City Hall and Police Department to be housed in one building to better serve the needs of the public. 3