HomeMy WebLinkAbout2016.06.27 CC PowerPoint CIPCapital Improvement Program
City Council Workshop
June 27, 2016
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February 4, 2016 Goals Meeting
Pavement Management Program
CIP levy may be insufficient to cover anticipated projects
— Workshop scheduled for discussion
Lion's Park — New Plan
Construction costs cannot be funded with existing revenue
streams
— Joint workshop with Parks Commission held in April
Feasibility study has been authorized
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Lions Park Summary, April 28 workshop
New Bond required to finance Park Improvements
$5,050,000 Park Project, financed over 15 year term
— $464,000 annual levy impact for borrowing
Council Priorities
Project is expensive
I Flat Tax Rate
Budget implications
I Finance Director's goals on borrowing
— Weigh importance against other city initiatives
Short and Long-term Impacts to Streets CIP
Led to tonight's discussion
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Debt Service Levy By Year
P ayab l e
2017
$6061793
2018
624,706
2019
621,245
Reduction
2020
631235
$558,010
2021
681228
5531017
2022
13,235
6081010
2023
181598
602,647
2024
18,569
6021676
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Roadway Capital Improvements
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Roadway Statistics - 2016
102 miles of streets — 76 miles paved
(XX) = 2013 statistics
Excellent
10
miles
(2 1)
Good
40
miles
(25)
Fair
10
miles
(14)
Poor
6 miles (6)
Failed
4.5
miles
(3)
Gravel 25.5 miles (25.5)
Private 6 miles (6)
Overall OCI — 73 (75)
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Proiects Comnleted
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CIP — general
8 projects included in CIP
4 future projects
8 CIP projects: 20 miles of roadways
Overall OCI in the City will remain in the 70-75
range at the end of the CIP
Structured to maintain consistent funding level
147th Street/Oneka Lake Blvd. scheduled for 2016
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Priority 6
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Priority 7
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Priority 8
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Top 3 Priorities
Project 1 —Homestead Dr/Ave, 132"d, 126th
$2,600,000
Project 2 —Harrow Ave/Oneka Lake Blvd.
$1,900,000
Project 3 — 125th/Heathers
$2,200,000
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Typical Project Schedule
August Select Project
Sept/Oct Neighborhood Meeting(s)
Oct -Dec Feas. Rpt/Public Hearing
Jan -Mar Plan Preparation
Mar Proj ect Bidding
May -Fall Construction
Sept Assessment Hearing
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Funding Sources
Primary
State -Aid funding
— Roadway CIP
Assessments
Other Funding
— Storm water fund
Utility funds — repairs
— Grant funding, if available
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Roadway CIP — Primary Funding Sources
$15 million total - $25,000/mile/year
$5.0 million state -aid (34%)
allotment
consistent with annual
$3.1 million assessments (20%)
Roadway CIP - $6.9 million (46%)
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Next Steps — CIP
Council discussion regarding CIP
Consider scheduling a neighborhood meeting for next
roadway project— future meeting
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Ee Assrurexa. Iiac