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<br />Management Summary <br /> <br /> <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 /> <br />Notable updates by Fund <br /> <br />Buildings 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 2020-2024; four of the five roof top units <br />have been replaced. Updated control units for RTU’s have been completed, the Gym roof top <br />unit will be replaced in 2024, the expected cost for this is $75,000. The controls for this unit <br />do not need replacement <br /> <br />• The overhead garage doors at City Hall used for Police vehicle parking are scheduled to be <br />replaced in 2024 at an anticipated cost of $22,500. <br /> <br />• Staff is obtaining a quote for replacing the City Hall / Community Center’s roof given the <br />building is 27 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. Along with the roof, <br />the replacement of skylights and gym wall panels as recommended in the Oertel assessment <br />are place marked, at an additional cost of $50,000. <br /> <br />• Quotes for replacing the Fire Station’s roof were obtained. While the building is less than 20 <br />years old, roof leaks have been a reoccurring issue. The quotes were used for the estimated <br />roof replacement cost of $100,000 in 2025. This would follow the rooftop unit and Makeup air <br />unit replacement in 2024. The estimated cost for these replacements is $48,500. <br /> <br />• Park building costs include $14,000 for Domestic water heaters at the Emerald Park building <br />and $8,300 for security upgrades to Silver Point Park warming house. <br /> <br /> <br />