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51.5 Little Canada Road, Little Canada, MN 55117-1600 <br />(651) 766 -4029 / BAX: (651) 766 -4048 <br />www.ci.little-canada.enn.us <br />MEMORANDUM <br />TO: Mayor Fahey and Members of the City Council <br />FROM: Joel Hanson, City Administrator <br />Shelly Rueckert, Accounting Supervisor <br />DATE: October 22, 2004 <br />RE: Capital Budgets <br />Attached are 2005 proposed budgets for the following Capital Funds: <br />General Capital Improvement Fund <br />10% Fund <br />Infrastructure Fund <br />Park Land Acquisition Fund <br />Water /Sewer Capital Replacement Fund <br />Cable TV Fund <br />Please note the following highlights for each fund: <br />GENERAL CAPITAL IMPROVEMENTS <br />Revenue: <br />MAYOR <br />Michael 1. Fahey <br />COUNCIL <br />Jirn LaValle <br />Matt Anderson <br />Rick Montour <br />Hill Hlesener <br />ADMINISTRATOR <br />Joel R. Manson <br />• Donations received in 2003 and 2004 were made for the specific purpose of replacing the <br />Spooner Park garage with a larger and more functional facility for today's uses. <br />Currently, the cost estimate exceeds the donations received by $17,500. <br />• 2004 is the final year of the NSYF grant for Pioneer Park lighting. <br />• Sale of equipment is comprised of the following: <br />o 1992 Plow $15,000 <br />o Hydro Seeder 3,000 <br />o Top Dresser 2 000 <br />$20,000 <br />10122 /041[AShell;RA dge12005\2004GENERAL. C:APrIA I. I N.IPROVISNIENS. doe <br />