Laserfiche WebLink
1985 LONG TERM, FINANCIAL PLAN <br />Paae Thirty -Three <br />B. CAPITAL IMPROVEMENTS <br />Methods for financing capital improvements will vary <br />with the types of improvements and conditions which <br />exist at the time the project is undertaken. <br />Traditional public improvement projects include but are <br />..t iimirpd rn water mains, sewer mains, storm sewers, <br />paving of streets, curbs and gutters. These <br />improvements should be financed entirely from special <br />assessments which are assesssd against benefiteed <br />properties. <br />Capical Improvements of the water and sewer utilities <br />should be financed from fees of the users of the <br />utilities. These improvements could include, but <br />should not be limited to, water towers, wells, <br />filtration and treatment plants. Construction costs <br />could be paid for by the issuance cf revenue bonds with <br />the bonds being retired through the revenues of the <br />utilities. As far as practicable capital improvements <br />of these utilities should be financed by current <br />revenues or by funds which have been set aside for <br />future capital projects. The City has established the <br />Water Systems Contributions Fund to finance maintenance <br />and/or construction of the City's water system. Water <br />availability charges collected tram individual's <br />connecting to the City's water system are the fune.'s <br />source of re,.enue. .as of December 31, 1984 the fund <br />had a balance of S165,087. <br />lltAer capital improvements or capital facilities could <br />be considered a separate category. 'i�ese include, out <br />are not limited to, park acquisition and development, <br />municipal buildings, storm drainage improvements, <br />.,tree• rpennsrruction and maintenance, equipment, <br />vehicles and office machines and equipment. ihe';e &ay <br />be financed by several methods and these methods are <br />listed in order of preference. <br />1. Grants -Tr) -Aid - These include categorical grants <br />from County, state anu Federal Aqeacies. <br />Federal Revenue ~raring monies should be used to <br />finance capital items. In the past these monies <br />npnn used to purchase vehicles, maintenance <br />and office equipment. The City's ayes an"ol <br />allottment is $56,000, however, the future of <br />Revenue Sharing at the time of this report was <br />written in at best uncertain. <br />Municipal State Aid (MSA) Road Funds have been and <br />will continue to be a source of financing <br />construction and reconstruction of the City's <br />