Laserfiche WebLink
� <br />-�SR�EN�HILLS <br />MEMORANDUM <br />DATE: November 21, 2011 <br />TO: Honorable Mayor and City Council Members <br />Patrick Klaers, City Administrator <br />FROM: Sue Iverson, Director of Finance and Administrative Services <br />Kyle Howard, Finance Analyst <br />SUBJECT: 2012 — 2016 Capital Improvement Plan (CIP) <br />Back�round <br />As part of the 2012 budget process, a five-year capital improvement plan is prepared. <br />Staff prepared the preliminary CIP for Council discussion earlier this year as part of this <br />process. : <br />Discussion <br />Staff last discussed the CIP as a whole with the City Council at the June 20th work <br />session and presented the 2012-2016 proposed plan. Since that time, staff has discussed <br />various items with Council at work sessions. <br />Staff has modified the 2012-2016 proposed CIP per council direction given since the <br />June 20�` council worle session. A suminary of major changes is as follows: <br />1. Mounds View Trail — High School Connection — Lake Valentine Road <br />($200,000, 2012) <br />The estimated cost was increased by $85,000, due to a necessary retaining wall <br />(not included in first estimate). Staff also identified state aid as a possible funding <br />source. <br />2. Valentine Park Improvements ($582,000, 20121 and Plav�round <br />Replacement ($60,000, 2012) <br />The estimated costs were increased to match the number presented at the <br />September work session. This is only a place holder until design and budget are <br />revisited at a later date. Playground Replacement was increased by $10,000 based <br />on the engineer's estimated presented at the September work session. <br />City Council Meeting <br />P:�Finance\Finance Director�2012 Budget\CIP�2,012 CIP Final - Memo.docx <br />Page 1 of 3 <br />