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Cap/tM Improvement Plann/ng -June 11, 2001 Item ~ 5. <br /> <br /> Capital Improvements Planning <br />Key Financial Strategies Workshop #3 <br />June 11, 2001 <br /> <br />Overview ............................................................................................................................. 1 <br />Finance Tools .................................................................................................................. 1 <br />Revenues ......................................................................................................................... 2 <br />Fund Balances ................................................................................................................. 2 <br />Debt ................................................................................................................................. 2 <br />Project Summaries .............................................................................................................. 4 <br />Library Expansion ........................................................................................................... 4 <br />City Hall Expansion ........................................................................................................ 5 <br />Fire Station(s) .................................................................................................................. 5 <br />Liquor Store .................................................................................................................... 7 <br />YMCA/Community Center ............................................................................................ 8 <br />Ice Arena ......................................................................................................................... 9 <br />Equipment Acquisition and Replacement ..................................................................... 10 <br />Pavement Management Program .................................................................................. 11 <br />Public Works Facilities ................................................................................................. 12 <br />Utility System Rehabilitation ........................................................................................ 13 <br />Sanitary Sewer System ................................................................................................. 14 <br />Water System ................................................................................................................ 15 <br />Storm Sewer System ..................................................................................................... 16 <br />Electric System ............................................................................................................. 17 <br />Park Development ......................................................................................................... 18 <br /> <br />Overview <br /> <br />Workshop #3 in the Key Financial Strategies planning process examines the financial <br />implications of future capital improvements for the City of Elk River. The following <br />pages contain project summaries for currently identified capital improvements. The <br />purpose of this workshop is to: <br /> <br />· Review and discuss proposed CIP projects. <br /> <br />· Consider funding options for each project. <br /> <br />· Identify funding gaps and other financial issues. <br /> <br />Finance Tools <br /> <br />The evaluation of capital improvements projects combines need and financial feasibility. <br />This summary does not attempt to assemble an overall finance plan for capital <br />improvements. This step will follow in the planning process. It is important, however, to <br />have a brief discussion of the finance tools available to the City of Elk River for the <br />financing of capital improvements. <br /> <br /> <br />