12/13/2004 Council Packet - Laserfiche WebLink

Home Search

• • City of Lino Lakes, MN Pavement Management Plan Financing Study December 2004 . Introduction outlining concepts and definitions used in the report along with the goals or objectives of the report . Application of these concepts and ideas in developing a financing plan for the PMP • Recommended financing plan and basis for recommendation > We will meet with the City to review and discuss the Draft Report > Based on our discussion and review of the Draft Report Springsted will make modifications or changes, incorporating the City's comments into the final report, as appropriate. Task IV - Present Final Report of Findings > Springsted will present the final study to an audience selected by the City Expectations In order to conduct this study, the City will need to designate a staff member to serve as a project manager. This person will be responsible for assisting Springsted with gathering accurate and timely data needed to complete the project and to assist in arranging for required meetings. At a minimum the following information will be needed to complete the study: Financial Feasibility Study Required Information > Copy of the City's most recent Comprehensive Annual Financial Report > Copy of the City's 2004 budget including revenues and expenditures for all funds > Copies of any current City policies and ordinances related to capital expenditures and /or funding for them including special assessments > Copies of any current City policies related to fund balances and /or cash balances > Copies of existing debt schedules for any outstanding debt, i.e. bonds, equipment certificates, lease- purchase agreements where Springsted was not involved as the fiscal agent > Information related to the anticipated growth in both residential and commercial /industrial tax base during the planning period > Current enterprise fund user fees > Information related to the local tax capacity extension rate including the City's current total tax capacity, captured TIF tax capacity, any transmission line or other tax capacity adjustments, and the total tax capacity extension rate by local govemment unit (City, school, county, other).