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/i <br /> Elk Request for Action <br /> Fiver <br /> To Item Number <br /> Mayor and City Council 10.4 <br /> Agenda Section Meeting Date Prepared by <br /> Work Session November 4, 2013 Tim Simon, Finance Director <br /> Item Description Reviewed by <br /> 2014 Capital Improvement Plan Cal Portner, City Administrator <br /> Reviewed by <br /> Action Requested <br /> Continue 2014-2018 Capital Improvement Plan (CIP) discussions. <br /> Background/Discussion <br /> On August 12 and October 7, Council reviewed the 2014-2018 equipment purchase requests, <br /> infrastructure improvement funds, and technology needs for the next five years. <br /> Government Building Fund <br /> This fund covers building construction and maintenance,landscaping, and remodeling projects for <br /> municipal buildings. Building Maintenance Supervisor Gary Lore,in working with other department <br /> heads,has estimated the replacement/repairs over the next 20 years and presented is 2014-2018 to <br /> correlate with the CIP. These numbers are estimates only and will be updated annually. Staff will walk <br /> through the projects and reserve standards that are set up in case of emergency repairs/replacements. <br /> The primary funding source, aside from interest earnings,is the expansion fee. We are still anticipating <br /> calling in the Library bonds on the call date of February 01, 2016, based on estimated cash balances <br /> available. <br /> Projects that will need to be prioritized over the next few years are the clubhouse at Pinewood and the <br /> Ice Arena. <br /> 2014 primary projects include: <br /> Activity Center—roof replacement ($100,000) <br /> Activity Center—boiler,ventilation,AC unit, carpet/tiles,lighting upgrade ($126,557) <br /> Lion's Park modification for warming house ($7,000) <br /> Sealcoating-municipal buildings ($10,000) <br /> Development Fund (City) <br /> The Development Fund has a cash balance of$868,646 as of October 31, 2013,less the committed <br /> amounts for Preferred Powder internal loan ($472,000), Comprehensive Plan update ($60,000), and using <br /> the remaining Spectrum Payment In Lieu of Fees over 3 years ($145,707),leaves a balance of$190,939. <br /> This fund has been used for the development of Northstar Business Park and Natures Edge Business <br /> Center—Phase I. The primary revenues are any conduit bonding administrative fees and the tax <br /> abatement repayments for economic development projects. Repayment of the Preferred Powder internal <br /> loan and future land sales in Natures Edge Business Center will replenish the fund. <br /> UREI <br />