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Page 1 of 1 <br /> <br />AGENDA ITEM – 1F <br /> MEMORANDUM <br /> <br />DATE: July 18, 2016 <br /> <br />TO: Honorable Mayor and City Council Members <br /> <br />FROM: Sue Iverson, Interim City Administrator/Director of Finance and Admin Svcs <br /> Dave Perrault, Finance Analyst <br /> <br />SUBJECT: 2017 – 2021 Capital Improvement Program (CIP) <br /> <br /> <br />Action Requested <br /> <br />Provide feedback to staff on Preliminary Proposed 2017 – 2021 CIP Plan. <br /> <br />Background <br /> <br />Annually the City prepares a five (5) year Capital Improvement Plan for budgeting and <br />forecasting. <br /> <br />Discussion <br /> <br />A preliminary plan has been prepared and is attached along with a summary of projects, detailed <br />sheets on each project and their proposed funding sources, a report showing the projects by <br />funding source, and a sheet projecting the fund balances in each of the funds (since the operating <br />budgets have not yet been completed, these fund balances are estimated operating costs). <br /> <br />A memo from John Anderson is attached laying out significant changes in Pubilc Works and their <br />associated projects. Other notable differences can be found in Government Buildings, as well as, <br />the Water and Sewer Funds. Government Buildings inceased due to the replacement of HVAC <br />equipment that is becoming increasingly costly to repair. The Water and Sewer Funds show <br />negative fund balances in out years; however, this is mainly due to planned TCAAP infrastructure <br />costs. These costs will be recovered in the rates charged for Sewer and Water once the rates are <br />updated following a forthcoming rate study. There is also an attachment that separates out <br />TCAAP expenditures from the rest of the expenditures. <br /> <br />Attachment <br />Attachment A: Memo from John Anderson – Changes/Additions to 2017-2021 CIP <br />Attachment B: Memo from John Anderson – Sewer Lining Projections <br />Attachment C: Memo from John Anderson – 2017-2025 Street Rehabilitation Plan <br />Attachment D: Capital Improvement Plan Book <br />