10-27-2004 Council Agenda - Laserfiche WebLink

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3. Playground restorations are scheduled at $25,000 for 2005. Given the installation dates of the current playground facilities there is some wear and tear that will need to be addressed currently. Afterwards a $2,500 annual allowance for repairs has been added. INFRASTRUCTURE FUND Revenues: 1. Prospective assessment collections are based on actual assessments currently outstanding. No deferred assessment collection is anticipated for budget purposes. Expenses: 1. 2005 street improvements proposed are as follows: County Rd B2 (Rice to Viking Drive) Noel Drive (LC Road to LaBore Road) Condit (Nadeau Lane to S. Owasso) Carla Lane ( End to End - Water) Eli Road (Centerville to 300' East) Edgerton Bridge Approaches (MN Dot) County Rd B2 (Storm Water - Gervais Mills) LaBore Road (Centerville to Desoto) Thunder Bay (County Road D to end) 2. The street cost estimates are based on earlier estimates obtained from the engineer adjusted for inflation. The level of activity in 2005, 2007 and 2009 is based on needs on the contract scale advantages and fund balances. 3. MSA construction collections have been accelerated since prior budget. 4. Residuals equity collections are shown at zero for future years as most funds which could be closed have been closed. The City has not been bonding in recent years for street improvements but paying from available funds. Therefore, funds to be closed in the future are limited at this point. 5. Only modest growth is projected for franchise fees as the fees fixed on capped so that revenue growth will be dependent on new accounts vs. greater usage. PARK LAND ACQUISITION FUND Park charge revenues are shown at conservative levels for 2005. In 2003 and 2004 many large building projects produced significant revenues. 10/22 /04 II: \ShellyR \Budget 2005\2004 GENERAL CAPITAL IMPROV' * 4 ""`S.doc