Laserfiche WebLink
<br />CIP Memo <br />January 12, 1993 <br /> <br />Page 2 <br /> <br />~ Also, when the CIP is developed, a number of projects are <br />listed as "pending". This classification is used when the <br />timing and financing for these projects are uncertain. <br />However, it is acknowledged that most of the projects on the <br />pending list are high to medium priorities for the City Council <br />and could happen at any time if the appropriate finances are <br />arranged and if the City Council determines that it is <br />necessary to move forward with the project. In general, the <br />"pending" list identifies future needs that should be evaluated <br />annually. <br /> <br />ELK RIVER STATUS <br /> <br />In Elk River there will always be more needs and desires for <br />projects than funds available to finance the projects. The <br />Council should note that 1990-1992 were very busy years. Funds <br />that were saved up by the City in the late 1980's were spent on <br />projects in 1990-92. It is a fact that there are not too many <br />funds available in 1993 for projects. This is especially true <br />as it relates to street projects. In 1993-94, the City may <br />again be in a mostly savings mode for high priority 1995-96-97 <br />projects. <br /> <br />THE 1/18/93 MEETING <br /> <br />~ <br /> <br />An important assignment for the staff for this January meeting <br />will be to provide an update on the status of ongoing projects <br />and also to provide information on projects that have been <br />previously discussed but not authorized. The main issues for <br />the City Council will be to add projects to the work schedule, <br />delete or change projects that remain from the 1990 CIP, and to <br />prioritize the work projects into a realistic timeframe. Many <br />new work projects have surfaced in the last eighteen months <br />that need to be incorporated into the CIP. This is appropriate <br />as there have also been many projects from the original 1990 <br />CIP that have been completed. <br /> <br />The attached agenda is really a two meeting agenda (at least). <br />For this January meeting, I anticipate that agenda items 4.1., <br />4.2., 4.3., and 4.4., will be about all that can be <br />accomplished. An elaboration of these agenda items looks <br />something like this: <br /> <br />- Review recent projects <br /> <br />- Review projects that are authorized or in the process of <br />being completed <br /> <br />Review annual projects that have been completed in 1992 <br />and the financing of these annual projects <br /> <br />~ <br /> <br />- Review the list of possible future projects that are known <br />from past discussions and begin assimilating the projects <br />into a year by year work plan based on priorities <br />