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REQUEST FOR ACTION <br /> River <br /> TO ITEM NUMBER <br /> Mayor and City Council 6.3 <br /> AGENDA SECTION MEETING DATE PREPARED BY <br /> Work Session November 13,2012 Tim Simon, Finance Director <br /> ITEM DESCRIPTION REVIEWED By <br /> 2013-2017 Capital Improvement Plan Cal Portner,City Administrator <br /> REVIEWED BY <br /> ACTION REQUESTED <br /> Continue 2013-2017 Capital Improvement Plan discussions. <br /> BACKGROUND/DISCUSSION <br /> The purpose of the discussion is to provide preliminary information regarding projects and possible <br /> funding options. The review and final document is prepared to anticipate major expenditures in advance <br /> of the year they may become budget requests. Much of our discussion will focus on the 2013 portion of <br /> the Capital Improvement Plan (CIP). After we review the cash flows and projects, I will put together the <br /> final document in December for approval. The CIP is a long-range planning document. <br /> So far,we reviewed the 2013-2017 equipment purchase requests with the Fleet Committee, Street <br /> Improvement Reserve Fund,Municipal State Aid balances,Park Dedication, GRE Reserve, City <br /> Development Fund,and technology replacements.Tonight we will review the Park Improvement Fund, <br /> Trunk Utilities Fund,and the Government Building Fund,which are the last sections of the CIP to <br /> review. <br /> Trunk Utilities Fund <br /> The city maintains a Trunk Utilities Fund made up of special assessment revenue from water and sewer <br /> improvement projects. The funds are to be used on certain trunk water and sewer <br /> expansion/improvement projects. The funds may be used only for trunk connections and improvements <br /> in the area for which the assessments were collected,unless there is no further need in the existing area, <br /> then they can be used in another area. These funds would be used in lieu of having to issue bonds on <br /> future expansions of the systems and waiting for future revenues to repay the bonds. Attached is a map <br /> identifying the areas and projects for which the revenues were collected. <br /> 2013 projects include: <br /> Zone Estimated Cost Project Description <br /> West $185,000 185th Ave. Add new water main connecting dead ends during <br /> city road rebuild. <br /> South East $40,000 Pressure Change pressure zone from low to high for Nature's <br /> Edge Business Park. <br /> rWERED II T <br /> N:\Public Bodies\City Council\Finance\Tim\2012\CIPstaffreport1113.docx NATURE <br />