7.0. SR 03-23-1998 - Laserfiche WebLink

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CIP Worksession Page 7 both parking lot options save as many trees as possible and almost double the available public parking spaces. We will be adding between 15 and 16 new parking stalls to the existing 17 stalls and this is about what was expected. The land and house acquisition costs were in the $83,000 neighborhood and the cost of the public improvements will be in the $20,000 neighborhood. Discuss city participation in the Lake Orono project - The proposal calls for the city to be assessed about $57,000 for its 26 units on the lake and then for the city to "contribute" through tax dollars about $340,000 to the project. It is recommended that the $100,000 CIP funds that were in the 1998 tax levy be dedicated towards this project and that this CIP levy in the year 1999 be increased to $200,000. Therefore, most of the city contribution can be available by the end of 1999 to pay offthe city's obligation. It is then my recommendation to keep this $200,000 CIP levy in the budget and to apply these funds toward the new pavement replacement program which is hopefully going to be approved in 1999 and begin in the year 2000. The city will need to add at least this much money annually to the assessments (to the benefited property owners) in order to do a project annually that is of any significance or makes any impact in neighborhoods. Ice Arena project · Review construction project figures...Attached for your review is the ice arena construction figures which are subject to only very minor changes. It should be noted that the sewer and water utilities, which came in higher than expected, were always outside of the project budget and considered a donation from the city and the Utilities. Excluding this expenditure, the project came in very close to the original $2.65 million budget. The total was about 2 percent over budget. Unfortunately most of this overrun, or approximately $39,000 of the overrun, is a city obligation. The Council has previously indicated that this overrun would come out of the equipment reserves and the capital projects reserve. · Review funding options for the heating, dehumidification, and ventilation project...This expense is estimated to approach $150,000, but could be less. This cost really should have been part of the original construction project but was deleted in the hope that an alternative system would meet our needs. This expenditure can not be absorbed within the ice arena operating budget and an alternative source of