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Also, Attachment B shows more detail for the Equipment/Building Replacement Fund. The adopted 2020 budget is listed as well as the proposed changes from the March 9th council meeting and the proposed 2021-2025 CIP. • Replacement of the City Hall roof was added to 2025 at a cost of $150,000. As discussed at the June work session, there are 3 types of street improvement projects staff is looking at. • Resurfacing is the milling of the top 1.5 to 2 inch surface layer of street pavement and overlaying the street with a new bituminous surface layer. • Full Depth Reclamation involves spot repair of existing curb, milling or reclaiming the full depth of existing bituminous pavement, blending milled material with underlying aggregate material and installing a new bituminous pavement section. • Reconstruction involves removal and replacement of larger quantities of existing curb, installing underlying subgrade correction materials, new aggregate base and a new bituminous pavement section. A preliminary plan has been prepared and is attached which includes a summary of projects, detailed project sheets, sources of funds, and estimated fund balances (since the operating budgets have not yet been completed, these fund balances are estimated operating costs). Cash flow information is included on street and park projects going out ten (10) years even though our CIP is only for five years. Please note that project timelines are subject to change and that the current timeline is City Staff’s best estimate. The CIP does not commit the council to the proposed projects, nor implement the assumptions made during the preparation; however, this is the basis for the 2021 Budget as we continue with its preparation. The 2020-2024 CIP was a $15.3 Million plan, while the proposed 2021-2025 CIP is listed for $15.7 Million in expenditures. This is a 3.1% increase from the previous year’s program or $473,068. The biggest change is found in street projects. Council Direction Staff is seeking direction from the City Council regarding the following items: 2021 projects (Attachment C) As we review the 2021 projects, does the Council have any questions, comments or concerns about including them during budget preparation? 2021 property tax levy The levies for the EDA ($100,000), Equipment/Building Replacement ($50,000) and PIR ($250,000) are currently proposed to remain at the same amount as was levied in 2020 in this plan. The plan reflects a $50,000 increase in the levy for the Public Safety Capital Fund, going from $70,000 to $120,000. It is assumed that levy increases will be needed each year from 2021-2025 to ensure the City has sufficient cash on hand to make its debt service payments once the new fire station is built. Should staff continue forward with this assumption?