HomeMy WebLinkAboutItem 14 - CIP 2015 to 2019_12.12.147
City of Lake Elmo City Bonding State Bonding
2015 - 2019 CIP 100% Assessed
Updated 12/12/14 Partially Assessed
"FINAL #3"Potential
Future General Fund Vehicle City Facilities State Water Sewer SW Library Park Resident Developer
Project Bonding (Levy)Fund Fund Grant Funds Fund Fund Fund Fund Fund*Assessment Assessment Total Notes12/31/14 Projected Balance 0 261,910 Vehicle fund to be spent down in 2014; City Facilities fund to be replenished in full
201539th Street Project updates X 606,661 x 29,020 239,775 1 163,786 174,080 606,661 Increased funding needs based on updated quotes and project scope changes11 Foot Mower Parks X 0 x 70,000 70,000 Per PW Director, smaller mowers may make more sense due to current pricesField Maintenance Equipment Parks X 0 x 30,000 30,000Refurb and update current parks Parks X 0 x 400,000 400,000LERT Feasability Study Parks X 0 x 30,000 30,000Spray Patcher-Streets Levy X 55,000 x 55,000 55,000 Propose purchasing new at $65k vs used at $52kReplacement of CV1 (Tahoe #1)Fire X 52,000 x 52,000 52,000 Replaces 2007 w/76,000 milesADA Bathroom LIB X 0 x 35,000 35,000Pave Parking Lot LIB X 0 x 35,000 35,000Inwood Booster Station Water X 650,000 x 500,000 650,000 1,150,000 To be funded with MN Deed Funding ($3.5M)Inwood Trunk Watermain Impr Water X 0 x 1,900,000 1,900,000 To be funded with MN Deed Funding ($3.5M)
Inwood Water Tower (#4)Water X 0 x 1,100,000 1,100,000
LE Ave/Downtown Revitalization SPLIT X 1,446,000 x 576,000 290,000 0 400,000 180,000 1,446,000 SEE SPLIT DETAILS BELOW (Sewer component 100% assessible)
Warning sirens x2 Fire X 50,000 50,000 50,000 Replace Cimarron and add in No. center gap
Reconstruction of EP Blvd UP/Bremer X 1,000,000 1,000,000 1,000,000 100% assessable; requested by United Properties and Bremer Bank
Projected 2015 3,859,661 762,020 0 0 3,500,000 1,179,775 163,786 400,000 70,000 530,000 1,180,000 174,080 7,959,661
2016
1 Ton Truck/Dump Box PW X 70,000 70,000 70,000 Replaces 2003 1 Ton with Plow; will be at year 13 of useful life
Lions Park Grading Parks X 0 40,000 40,000New GL software Finance X 60,000 60,000 60,000 Current software 10 years old and some components no longer supportedStonegate & Kirkwood Levy X 760,000 x 532,000 228,000 760,000Kelvin Avenue Levy X 265,000 x 175,000 90,000 265,000Kelvin Avenue Water X 151,000 x 38,800 112,200 151,000Sewer Assessment LIB X 0 30,000 30,000Inwood Water Tower (#4)Water X 1,100,000 x 1,100,000 1,100,000 Move forward from 2017 per DZ 8/19/14Rescue Engine Fire X 550,000 x 550,000 550,000 Replaces 1990 Engine with combination vehicleLE Ave/Downtown Revitalization SPLIT X 1,446,000 x 576,000 290,000 0 400,000 180,000 1,446,000 SEE SPLIT DETAILS BELOW (Sewer component 100% assessible)Pressure reduction station-Vlg E 12"Water X 110,000 x 110,000 110,000Olson Lake Trail Sanitary Sewer Ph 2 Sewer X 180,000 x 180,000 180,000Pressure reduction station Hammes Estates - 12" bypass X 120,000 x 120,000 120,000 Proposed to use excess funds included in initial Section 34 Assessment Fund Village East Trunk Watermain - 12" bypass X 110,000 x 110,000 110,000
Projected 2016 4,922,000 1,963,000 0 0 0 1,538,800 0 400,000 30,000 40,000 790,200 230,000 4,992,000
2017
Dump Truck/Plow Wing/Sander PW X 215,000 215,000 215,000 Replaces 1998 Plow Truck; will be in 17th year of useful life; limited suppliers
Replacement of CV2 (Tahoe #2)Fire X 55,000 x 55,000 55,000 Replaces 2006; purchased used in 2010
Tri-Lakes Area Levy X 1,830,000 x 1,281,000 549,000 1,830,000
36th, 37th and Irwin Levy X 561,000 x 388,200 172,800 561,000
36th, 37th and Irwin Water X 306,000 x 306,000 306,000 No water assessment
Hudson Blvd LS Replace & Upsize Sewer X 500,000 x 500,000 500,000
LE Ave/Downtown Revitalization SPLIT X 1,446,000 x 576,000 290,000 0 400,000 180,000 1,446,000 SEE SPLIT DETAILS BELOW (Sewer component 100% assessible)
Projected 2017 4,913,000 2,515,200 0 0 0 596,000 500,000 400,000 0 0 901,800 0 4,913,000
2018Replacement of Tender 1 Fire X 450,000 x 450,000 450,000 Replaces 1987 Tender; refurbished in 2004Mini excavator PW 50,000 50,000 50,000 Currently rent for $4k per yearAdd windows in blocked openings LIB X 0 50,000 50,00038th, 39th and Innsdale Levy X 1,020,000 705,100 314,900 1,020,00038th, 39th and Innsdale Water X 598,000 175,000 423,000 598,000OV No of UP RR Levy X 1,100,000 x 770,000 330,000 1,100,000OV No of RR watermain replacement Water X 300,000 x 300,000 300,000OV lateral sewer ext No of RR Sewer X 220,000 x 0 220,000 220,000LE Ave/Downtown Revitalization SPLIT X 1,446,000 x 576,000 290,000 0 400,000 180,000 1,446,000 SEE SPLIT DETAILS BELOW (Sewer component 100% assessible)
Projected 2018 5,184,000 2,551,100 0 0 0 765,000 0 400,000 50,000 0 1,467,900 0 5,234,000
2019
Replacment of U2 Fire X 75,000 x 75,000 75,000 Replaces 1994. F-350
Replacement SCBA's Fire X 207,000 x 207,000 207,000 Per NFPA, max 15 year life; repairs done 9/14 to gain 5 yrs & extend life to max
OV So of UP RR Levy X 1,900,000 x 1,330,000 570,000 1,900,000
OV So of RR watermain replacement Water X 710,000 x 710,000 710,000
OV lateral sewer ext So of RR Sewer X 1,120,000 x 0 1,120,000 1,120,000
Elevated Storage Tank #3 Water X 2,200,000 x 2,200,000 2,200,000
Pressure reduction station-12" tower #Water X 110,000 x 110,000 110,000
LE Ave/Downtown Revitalization SPLIT X 1,446,000 x 576,000 290,000 0 400,000 180,000 1,446,000 SEE SPLIT DETAILS BELOW (Sewer component 100% assessible)
Projected 2019 7,768,000 2,188,000 0 0 0 3,310,000 0 400,000 0 0 1,870,000 0 7,768,000
Grand Total 26,646,661 9,979,320 0 0 3,500,000 7,389,575 663,786 2,000,000 150,000 570,000 6,209,900 404,080 30,866,661 LE Avenue/Downtown Revitalization Project 2015 2016 Total AnnualStreet/Storm Sewer/Trails/Sidewalks & Amenties - GEN FUND 1,880,000 1,000,000 2,880,000 39.83%576,000
Watermain - WATER FUND 1,087,500 362,500 1,450,000 20.06%290,000
1 Includes oversizing change approved by City Council on 9/16/14 ($118,975)Sanitary Sewer - SEWER FUND (100% assessed)675,000 225,000 900,000 12.45%180,000
Regional Stormwater System - STORMWATER FUND 1,000,000 1,000,000 2,000,000 27.66%400,000
PROJECT BY YEAR 4,642,500 2,587,500 7,230,000 100.00%1,446,000
ANNUAL BONDING; WA CTY TO BOND; CITY TO REPAY 1,446,000 1,446,000
OVER 5 YEARS; 0% INTEREST FROM WA CTY; CITY TO REPAY VIA ANNUAL BONDING