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2018-09-26 CC Packet
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2018-09-26 CC Packet
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Ian <br /> fnfSoah f AYI'',+" ^r r.t^a <br /> Memorandum <br /> Date: September 26, 2018 <br /> To: Honorable Mayor and City Council Members <br /> Through: Mark R. Statz, City Administrator/City Engineer <br /> From: Bruce DeJong, Finance Director <br /> Item: 2019-2028 Capital Improvement Plan Discussion <br /> The Capital Improvement Plan for Centerville has not been significantly updated since <br /> 2014. In preparation for this discussion, staff reviewed the existing capital plan, the fixed <br /> asset listing from the audit files, and the insurance listing for buildings and equipment. <br /> These documents did not fully agree, so we are working on a plan to make sure we have <br /> all items that will need to be replaced at each location that the city owns, have them more <br /> accurately identified individually on the insurance listing, and represent the full amount <br /> of the city's assets in our financial statements. This has been supplemented with a <br /> physical review of each site. <br /> Staff discussed the replacement of certain vehicles with the City Council at the previous <br /> meeting. We have included a preliminary estimate of those costs for 2019 and <br /> succeeding years, since it does not seem likely that we would order and receive these <br /> trucks prior to year-end. We have included the two year replacement cycle for pickups <br /> for presentation purposes only. Staff will bring a more robust analysis of lifecycle cost <br /> for vehicles back to the City Council later this year. For now, the format of the <br /> presentation is that we have estimated the sale value of the existing older pickups at <br /> $2,000 for each of the Ford Ranger pickups and $8,000 for the 2005 Chevrolet and 2008 <br /> Ford pickups. This results in a $10,000 Salvage Value/Trade-In for 2019 and 2020. After <br /> that, we also replace the 2015 Chevrolet and put it into a two year rotation. We have <br /> estimated that value at half the original cost for a salvage value of$15,000. The Public <br /> Works Director's program of two year replacement allows us to sell a low mileage <br /> vehicle with one year of remaining factory warranty estimated as selling for $1,000 less <br /> than their original cost off the state bid. <br /> We have also provided salvage value estimates for several other pieces of equipment. <br /> Please be aware that these estimates have not all been assessed against the current <br /> condition of each vehicle, so they may vary widely. This is just a first shot, rough draft, <br /> 123 <br />
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