Agenda - Council Work Session - 11/13/2018

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CITY OF RAIMSEY CAPITAL IMPROVEMENT/CAPITAL OUTLAY FLAN 2019-2028 Enclosed is the Ramsey Capital Improvements/Capital Outlay Plan (C1P) for the years 2019-2028. It has been prepared in an attempt to anticipate major capital expenditures in advance of the year in which they are budgetregaests. Further, several projects may interrelate or require other improvements prior to initiation, which wouIcl cause delays without prior planning. Additionally, projects may require budgeting over several years or receipt of funds from other sources (i.e. grants) requiring planning completion prior to the funding year. Finally, the: plan enables a snapshot of the identified capital needs of the cornrnunity allowing for continual prioritization of these needs. The process for completing the 2019-2021i CIP was mach the same as the process for the 2019 General Fund. Budget. Project requests were submitted by all divisions and reviewed by the Management Team and appropriate supervisors to establish the feasibility and priority of the projects and match with available financing. CAPITAL IMPROVEMENT PLAN GOALS ACKNOWLEDGE AND COMMUNICATE PUBLIC INPRASTRUC'FURE PRIORITIES AND DYNAMICS ENSURE APPROPRIATE RESPONSES TO CHANGING INFRASTRUCTURE NEEDS AND DEMANDS DEVELOP A FINANCIAL ASSESSMENT OF CAPITAL RESOURCES AVAILABLE TO MEET FUTURE CAPITAL PROJECT NEEDS ENCOMPASS THE CITY'S STRATEGIC PL N' S IMPERATIVES; FINANCIAL STABILITY; A CONNECTED COMMUNITY; SMART, CITIZEN -FOCUSED GOVERNMENT; AN EFFECTIVE ORGANIZATION Approval of the C1P by Council does not authorize spending or initiation ofa given project. It does, however, provide a guide for the community for a whole array of private arid public decision -making, impacted by public capital expenditures. Therefore, the CIP should receive ratification only if the Council perceives actions contemplated within the plan as reasonable and planned within justified time frames_ it shall further be noted that initial project design of public infrastructure projects identified within this plan, often begins two years or more prior to the date of construction.