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10-21-19-WS
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10-21-19-WS
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'It <br />,ARZEN HILLS <br />MEMORANDUM <br />DATE: October 21, 2019 <br />TO: Honorable Mayor and City Councilmembers <br />Dave Perrault, City Administrator <br />FROM: Gayle Bauman, Finance Director <br />SUBJECT: 2020 — 2024 Capital Improvement Plan (CIP) <br />Budgeted Amount: Actual Amount: <br />N/A N/A <br />Council Should Consider <br />Provide feedback to staff on Preliminary 2020 — 2024 CIP Plan. <br />Background <br />AGENDA ITEM —1D <br />Funding Source: <br />Various <br />Annually, the City prepares a five (5) year Capital Improvement Plan for budgeting and forecasting. <br />The focus of the CIP is on the maintenance and protection of the City's existing assets, <br />redevelopment, and investment in new initiatives. The CIP does not commit the council to the <br />proposed projects, nor implement the assumptions made during the preparation; however, this is <br />the basis for the 2020 Budget as we continue with its preparation. <br />Discussion <br />This item was first brought to the council at the 07/15/19 workshop. At that time, the proposed <br />2020-2024 CIP totaled $15.9 million in expenditures. City staff has since made updates to the plan <br />based on current information and the proposed 2020-2024 CIP now sits at $18.2 million. The <br />changes made are noted in Attachment C. The biggest change relates to the two trail projects <br />scheduled for 2024. State bonding will be required in order for these projects to move forward. <br />This is a 31.1% increase from the previous year's program or $4,318,703. <br />Projects included in the 2020 Proposed Budget and CIP are as follows: <br />Fund Source <br />Amount <br />City Hall Parking Lot <br />..........................................................................................................................................._....... <br />Equip/Bldg Replacement <br />................................................ <br />$175,000 <br />Hazelnut Park Improvements ..................................................... <br />Capital Improvement <br />$550,000 <br />Hard Court Reconstruction <br />...................................................................................................................................................................................................................................................................................._.................................................. <br />Capital Improvement$275,000 <br />Playground Structure Replacement <br />Capital Imp.rovement......... <br />........._. <br />$210,000 <br />LJFD Capital Items <br />...................................................................................................................................................................................................................................................................................._.................................................. <br />Public Safety Capital$67,480 <br />Lift Station Rehab <br />Sewer$100,000 <br />.................................................................................................................................................................................................................................................................................... <br />Utility Communication System <br />_.................................................. <br />Sewer/Water <br />$75,000 <br />Hamlin Avenue Retaining Walls <br />Capital Improvement . <br />.................................. <br />
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