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E04y1� ,.,�� Request for Action <br /> River <br /> To Item Number <br /> Mayor and City Council 10.3 <br /> Agenda Section Meeting Date Prepared by <br /> Work Session November 2, 2015 Tim Simon, Finance Director <br /> Item Description Reviewed by <br /> Review 2016-2020 Capital Improvement Plan Cal Portner, City Administrator <br /> Reviewed by <br /> Action Requested <br /> Continue review of 2016-2020 Capital Improvement Plan. <br /> Background/Discussion <br /> On August 10, 2015,we reviewed the 2016-20 equipment purchase requests with the Fleet Committee, <br /> and on October 5, 2015 we reviewed the 2016-20 street infrastructure, trunk utilities, and information <br /> technology worksheets and cash flows. <br /> Government Building Fund <br /> This fund covers building construction and maintenance,landscaping, and remodeling pro)ects for <br /> municipal buildings. The building maintenance supervisor worked with the department directors to <br /> estimate the 20-year building replacement/repairs. The CIP covers five years of the 20-year plan. These <br /> numbers are estimates and are updated annually. The Landfill Expansion Fee and interest earnings are <br /> the primary funding sources. The fund covers the public works and library facility debt service payments. <br /> We anticipate calling in the Library bonds on their call date of 02/01/16 based on estimated cash <br /> balances available which will save approximately$541,000 in interest costs. <br /> The facility plan will help prioritize the upcoming replacement/repairs of several buildings. <br /> 2016 primary projects include: <br /> Activity Center—roof replacement,boilers,ventilation,AC unit,lighting etc. ($237,597) <br /> Fire Station #1 —Backup generator replacement ($40,000) <br /> Fire Stations —Master facility plan study ($40,000) <br /> Public Safety Building—Turnout gear washer, front office cubicle redesign ($19,000) <br /> Facility Study— ($75,000) <br /> City Hall— space redesign in administration department ($18,000) <br /> Sealcoating-municipal buildings ($12,000) <br /> Development Fund (City) <br /> The Development Fund has a cash balance of$722,876 as of 9/30/2015;less using the remaining <br /> Spectrum payment in lieu of fees ($90,600) leaves a balance of$632,226. This fund was used to develop <br /> Northstar Business Park and Natures Edge Business Center—I&II. The primary revenues are Conduit <br /> POWERED 6T <br /> Template Updoted 4/14 INAMIRE1 <br />