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HomeMy WebLinkAboutItem 13- 7 2 13 2013 CIP Approval1 MAYOR AND COUNCIL COMMUNICATION DATE: 07/02/2013 REGULAR ITEM #: 13 AGENDA ITEM: 2013 Capital Improvement Plan Approval SUBMITTED BY: Cathy Bendel, Finance Director THROUGH: Cathy Bendel, Finance Director REVIEWED BY: Dean Zuleger, City Administrator SUMMARY AND ACTION REQUESTED: The City Council is respectfully requested to consider approval of the 2013 portion of the 2013-2018 Capital Improvement Plan (CIP). BACKGROUND INFORMATION: Approval is needed of the 2013 portion of the 2013-2018 Capital Improvement Plan to allow the City to pursue bonding for the necessary funding. The proposed expenditures were reviewed and discussed in detail at workshops on May 14th and May 28th. RECOMMENDATION: It is recommended that the City Council approve the following specific expenditures in 2013: General Fund: • Single Axel Plow/Wing/Spreader for the Public Works Dept – $175k - no levy impact, funds available in vehicle fund. • Diesel Exhaust filter system for both fire stations – $70k - no levy impact, funds available in vehicle fund. • Warning sirens - $50k – no levy impact, to be paid from general fund • Dry hydrants - $30k – no levy impact, to be paid from general fund Water Fund: • Water supply well #4 and pumphouse - $600k - no levy impact, bond payments to be made by water fund • Keats Ave 16” trunk watermain extension - $900k – no levy impact, bond payments to be made by water fund • I94 Corridor 12” trunk watermain to Sedona development - $675k – no levy impact, cost primarily paid by developer, balance to be paid by water fund 2 Sanitary Sewer Fund: • Section 34 Trunk Sewer/lift station Sedona Development - $1.6M – no levy impact, costs paid by developer and the sewer fund. • I94 Corridor 18/27” sewer extension from MCES - $1.1M – no levy impact, cost paid by developer and the sewer fund. • Olson Lake Trail Trunk Sanitary Sewer Extension - $98k – no levy impact, cost primarily paid through assessments • Village lift station and forcemain - $3.3M – no levy impact, cost paid by developers and the sewer fund. Street Fund: • Keats MSA Street Improvement - $1.036 – no levy impact, cost paid 100% with MSA Grant money. ATTACHMENT: 1. 2013-2018 Capital Improvement Plan