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o Reconstruction involves removal and replacement of larger quantities of existing curb, <br />installing underlying subgrade correction materials, new aggregate base and a new <br />bituminous pavement section. <br />Projects were programmed to get the City on a schedule of completing a major street <br />reconstruction project every other year. <br />Future PMP projects included in the CIP (2030 and beyond) assume Full Depth Reclamation <br />will be required. Costs will decrease if Resurfacing is required and increase if Reconstruction <br />is required. <br />Public Safety Capital Equipment Fund <br />• The fund is currently being used to account for capital expenditures made by the Lake <br />Johanna Fire Department. <br />• Debt service on the new fire station will begin in 2027 at approximately $270,000 per year. <br />• Self -Contained Breathing Apparatus (SCBA) replacements are scheduled for 2026, with <br />engine/ladder truck replacements scheduled for 2027. <br />• A property tax levy of $300,000 is being proposed for 2026, which includes $40,000 that will <br />go towards the reserve bank for the 6 new fire captains. <br />Equipment & Building Replacement Fund <br />• The current plan includes recommendations from the comprehensive building reserve study <br />that was completed by Reserve Advisors in May 2025. The plan includes replacing the <br />hydraulic elevator system, furnishings, and security system in 2027, replacing the City Hall <br />air handlers in 2029, and replacing the City Hall roof, entrance canopy and masonry, and <br />concrete flatwork in 2030. <br />The current $100,000 tax levy does not support the needs of this fund. A property tax levy of <br />$250,000 is being proposed for 2026 and forward, which is an increase of $150,000 per year <br />relative to 2025. This change will ensure there is appropriate funding to meet future <br />expenditures. <br />Utility Funds <br />• Public Works staff continues to evaluate the condition of City utilities throughout the <br />community. The majority of street projects currently include a minimum amount for isolated <br />utility repairs, but these amounts could increase as locations are identified where broader <br />water, sanitary sewer, and drainage replacement is needed. <br />• For the Sewer Fund, no I&I grant funds have been included in the plan as the amounts are <br />unpredictable. <br />Rate increase assumptions are as follows: <br />■ Water — 2026-2028 (6%), 2029-2035 (3%) <br />■ Sewer— 2026-2035 (3%) <br />■ Storm — 2026-2028 (6%), 2029-2035 (3%) <br />Council Direction <br />Staff is seeking direction from the City Council regarding the following items: <br />Page 3 of 4 <br />