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Ells -Wft <br /> _ Request for Action <br /> River <br /> To Item Number <br /> Mayor and City Council 9.1 <br /> Agenda Section Meeting Date Prepared by <br /> Worksession October 20,2014 Tim Simon, Finance Director <br /> Item Description Reviewed by <br /> Review 2015-2019 Capital Improvement Plan Cal Portner, City Administrator <br /> Reviewed by <br /> Action Requested <br /> Continue review of 2015-2019 Capital Improvement Plan. <br /> Background/Discussion <br /> On August 11,2014,we reviewed the 2015-2019 equipment purchase requests with the Fleet Committee. <br /> City Engineer Justin Femrite will present the infrastructure improvement funds and Parks and Recreation <br /> Director Michael Hecker will present the park improvement fund for the next five years. <br /> Pavement Management Fund <br /> The fund was created in 2013 to provide stable,long-term funding for our pavement management <br /> program. The franchise fee collected is the primary revenue source outside of the state-aid portions of <br /> the related construction projects. The City Engineer will review the 2015,2017 &2019 projects. <br /> Municipal State Aid <br /> The City Engineer will review the future Municipal State Aid (MSA) allocations and estimates and how <br /> they are tied into the Pavement Management Fund. These funds will be funding a portion of the future <br /> street projects in 2015,2017&2019. Funds will be advanced in 2015 and repaid from our next year's <br /> allocation. In addition,we programmed in the reimbursement from the City of Ramsey over three years <br /> for their share of the 2015 project cost. The maintenance (sealcoat) portion goes into the Pavement <br /> Management Fund to offset the cost of the sealcoating preventative maintenance. <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 expansion / <br /> improvement projects. The funds may be used only for trunk connections and improvements in the area <br /> for which the assessments were collected,unless there is no further need in the existing area,then they <br /> can be used in another area. These funds would be used in lieu of having to issue bonds on future <br /> expansions of the systems and waiting for future revenues to repay the bonds. <br /> P O w E 8 E U A Y <br /> Template Updated 4/14 INAWR <br />