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To: Mayor and Council members <br />From: Shelly Rueckert, Finance Director <br />Re: Proposed 2023 Capital Funds Budget <br />Date: October 11, 2022 <br />Overview <br />The Capital Equipment, Building and Parks Improvement Funds have been long standing capital funds <br />used by the City. The Stormwater Fund has funded stormwater improvements since the 2015 retirement <br />stormwater bonds. The Utilities Infrastructure Fund was established during 2016 for the replacement of <br />water, sanitary sewer, and fiber optic infrastructure. Lastly, the Street Improvement and Debt Service <br />Plan is the combined activity of the annual street improvement funds and their related debt service <br />funds. <br />Notable updates by Fund <br />BUILDING IMPROVEMENT FUND <br />The City Hall / Community Center’s five roof top HVAC units and related controls were <br />scheduled for replacement during the timeframe of 2020-2022. <br />o Four of the five roof top units have been replaced. Updated control units for RTU’s have <br />been completed. <br />o The Gym roof top unit will be replaced in 2023 or later. The controls for that unit do not <br />need replacement. <br />o To finish off the HVAC system a quote was obtain for the various entry way heaters and <br />their related controls. The expected replacement will be 2023. The replacement of the <br />controls will complete the separation from the Boiler system. The old controls caused a <br />high run rate for boiler system. <br />We are obtaining a quote for replacing the City Hall / Community Center’s roof given the <br />building is 26 years old. Once the quote is received it will be adjusted for inflation and will <br />replace the current placeholder of a $180,000 roof replacement in 2025. <br />The painting of the City Hall main entrance doors along with added door security features was <br />budgeted for 2022 at an estimated cost of $26,500. The 2022 work included certain other <br />entrance doors for painting and repair as needed. The final cost of this project was $37,091. <br />Quotes for replacing the Fire Station’s roof are also being obtained for a 2023 replacement. <br />While the building is less than 20 years old, roof leaks have been a reoccurring issue. <br />LED lighting upgrades have been scheduled for the Park Shelters in 2023. Transitioning to LED <br />lighting is a practice which helps maintain the City’s Green Step 5 rating, along with providing <br />energy savings.