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Lake Elmo <br />Agenda Section: Finance <br />No. 5A <br />City Council <br />10-17-2006 <br />Agenda Item: 2007-2011 Capital Improvements Program (CIP) <br />Background Information for October 17, 2006: <br />Attached, please find the City of Lake Elmo 2007-2011 Capital Improvements Program (CIP). The Parks <br />Conunission reviewed the Park Improvements portion and with some minor changes approved there part of <br />the CIP. After a presentation from Staff, the Planning Commission conducted a Public Hearing on <br />September 25, 2006 and approved the Capital Improvement Plan as outlined. <br />Please note that State Law views a CIP as a Comprehensive Plan Element which requires a Public Hearing <br />and formal adoption by the City Council. The function of the Planning Conunission in its review of the <br />annual CIP is planning and not accounting or financial. <br />As noted in past CIP, the City continues to show some negative fund balances in the Fire & Infrastructure <br />(primarily streets) portions of the CIP. The actual funding mechanism to address affected areas are yet to <br />be decided but most likely will be through Bonding, Equipment Certificates or Lease options. <br />Action Items: <br />Person responsible: <br />Tom Bouthilet <br />1. Motion to adopt Resolution 2006-109 approving the 2007- <br />2011 Capital Improvement Plan. <br />Attachments <br />1. 2007-2011 Capital Improvement Plan. <br />