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HomeMy WebLinkAbout2008-05-21 CC WS ~;!:%,~~ CITY COUNCIL WORK SESSION MEETING AGENDA Wednesday, May 21, 2008 6:30 p.m. COUNCIL WORK SESSION I. CALL TO ORDER 1. Roll Call II. ITEMS OF DISCUSSION 1. Proposed 2009 Street Project a. Bonestroo's Option 1 & Option 2 III. ADJOURNMENT **REMINDERS** Observance of Memorial Day - May 26, 2008 - City Hall Closed Council Meeting - May 28, 2008, 6:30 p.m. Council Chambers Planning & Zoning Commission Meeting - June 7, 2008, 6:30 p.m. Council Chambers Parks & Recreation Committee Meeting - June 8, 2008, 6:30 p.m. Council Chambers 2009 Street Improvement Project Analysis of Impact . Tax Rates/Property By Value . Relationship to Future Tax Rates . General Fund Debt Service Trends · 2007 Expenditure Comparison to Minnesota Cities Prepared By: John W. Meyer Finance Director May 16, 2008 COMMUNITY IMPACT OF 2009 STREET & UTILITY IMPROVEMENTS MAY 21, 2009 Total Option One Add Option Two Project Size: $ 3,400,000.00 $ 1,800,000.00 $ 1,600,000.00 Assessed Portion of Project: $ 1,200,000.00 $ 800,000.00 $ 400,000.00 Remaining Portion for City-wide Assessment $ 2,200,000.00 $ 1,000,000.00 $ 1,200,000.00 Annual Payment (assumptions -15 year term, 4% interest) $197,870.42 $89,941.10 $107,929.32 Impact on Tax Rate (assumption - captured tax capacity 4,400,000) 4.50% 2.04% 2.45% Impact on $250,000 EMV residential property $ 112.43 $ 51.10 $ 61.32 Impact on $500,000 EMV residential property $ 224.85 $ 102.21 $ 122.65 Impact on $250,000 EMV commercial property $ 191.12 $ 86.87 $ 104.25 Impact on $500,000 EMV commercial property $ 415.98 $ 189.08 $ 226.90 I l I I " J i- \ '_.--1-+- -~ -ci~.~ I' . J]L.~-~-') 2 l LJ~~1,. I - .-V-dd i ~ - I \ ~'12' ~€ \,)- ::v- ..&#~ ;' ~ I rf Ii r~ 1/ , ----/I / i' '."j L---1I l ,~1 N I ./ PROPOSED BllUllINOUS PATH PIlClPOSDl CONCRETE SIDEWALK EXISTING 811U"INOUS TRAIL oaSlTNO CONCRElE SIDEWALK ClJ NUllBER CF NEW WATER SERVIce; PROPOSED c=J PARCEl. NOT CURREN1l. Y SERVED "'lli CTY WATER _ ,0.1- WATER !lAIN EXTENSION WITH SER'IICES 1.2.- SDlI'lCE INSTALLAllON ONLY _ Bl- FULL RECCfl WITH Ml. SERI'lCES. NEW CURB '" DRAINTILE _ 82- FULL RECON 'MTH NEW CURB '" DRAINTILE _ Cl- FULL DEPTH RECON CURS SPOT REPARS '" ORAlNTILE _ C2- FULL DEPTH RECON 'MTH 'N. CVRS SPOT REPARS '" DRAIN TILE _ 01- FULL BIT. RaeR 'MTH CURB SPOT REPAIRS '" llRAlNTILE D2~ FULL BIT. RaeR WITH SER\1CES '" llRAlNllLE _ DJ- FULL BIT. RaeR WITH 't\\l. SERVICES. '" DRAlNTILE _ E- rna: l,Illl '" OIol:RLAY ....TH QJRB SPOT REPAIRS ;:~ .ASSES5"ENT 'MLL V,ARY DRINKING WATER SUPPLY l,I.ANAGDlENT AREA ~~~~CE 'MLL BE APPUED IN UEU Of WA lER 2009 PROPOSED IMPROVEMENTS - OPTION 1 r I {I/ p{~ .. .. - '~I~I : -jl~1 =--=--=-t;! I ; L' II'" r-~-- I ~ ~ o FIGURE 2 CITY OF CENTERVILLE 2009 STREET AND UTILITY IMPROVEMENT PROJECT 61607158F0020PTlON I.OWG OATE:3/20108 co"....: 616-07~lS8 " I .1 r~ f I '--It / Ii , , I . (~,-J v-ij . ,1 PROJECT OPTION 2 $3.4 MilLION ~ < r' E R pEL .. .. '" c- ... N :1 - - * PRCPOSED B1lUIlINOUS PA1M PRoPOSED CONCRETE SlDEWAlJ( EXISTING BI1UIlINOUS TRAIL EXlSlnlG CONCRETE SlDEWAlJ( NUIlBER ~ NEW WATER SERIIICUi PROPOSED PARca NOT CURRENTLY ~ WITH OTY WAlER A1- WATER "'AlN EXTENSiON Wl1M SER'<1c[s 1.2'- Srn~CE INSTAlLAilON ONLY 81- FIJ1.L RECON WITH \IlIo/, SER~CES. NEW CURB'" DRAlNTlLE 82- FUlL RECON ..1M NEW CURB '" DRAlNTLE C1- FUll. DEPTH RECON CURB SPOT REPAIRS .k DRAlNTlLE C2- FUlL DEPlH RECON ""1M WlI. CURB SPOT REPAIRS '" DRAlNllLE 01- FIJ1.L BIT. RatA MlH CURB SPOT REPAIRS'" DRAlNTlLE 02"- FUlL BIT. RatA WllH SER\IlC[S at llRAlNTlLE 03- FUll. BIT. R.tR WllH 'IlW, SER'<1CE5. ... DRAINTlLE E- EDGE lIlll. ... O'oERLAY WllH CURB SPOT REPAIRS ASSESSWENT WIll. VARY DRINKING WAlER SUPPlY IlANAGOlENT AREA 'CONNECTION CHARGE WIll. BE APPUED IN UEU ~ WATER MAIN ASSSESSIlENT Cl:J CJ - - - - J:::::I J::l!!3 2009 PROPOSED IMPROVEMENTS - OPTION 2 CITY OF CENTERVILLE 2009 STREET AND UTILITY IMPROVEMENT PROJECT FIGURE 2 61607158F0020PTION2.0WG DATE:J/10/08 co.......: 616-07-158 WORSE CASE SCENARIO - IMPACT OF 2009 STREET PROJECT CITY OF CENTERVlLLE ESTIMATE OF FUTURE TAX RATES Revenue 2005 2006 2007 2008 2009 2010 2011 2012 2013 Property Taxes $ 1.700.000 $ 1,809,431 $ 1,915,900 $ 1,965,600 S 2,144,125 $ 2,369,745 $ 2,516,003 $ 2,685,440 S 2,748,280 Other Taxes & Assessments $ 1,000 S 69 $ 46,000 $ 50,000 51,500 53,045 54,636 56,275 57,964 Licenses & Permits $ 210.850 $ 195.000 $ 160,000 $ 170,000 175,100 180,353 185,764 191,336 197,077 Fines & Forfeits $ 22,000 S 30,000 $ 40,000 $ 35,000 36,050 37,132 38,245 39,393 40,575 Intergovernmental Aid $ 116,333 $ 110,000 $ 117,000 $ 120,000 123,600 127,308 131,127 135,061 139,113 Other $ 97.817 $ 56,000 $ 79,000 $ 81,000 83,430 85,933 88,511 91,166 93,901 Heritage Special Assessments $ 76,000 $ 76,000 $ 76,000 $ 76,000 $ 76,000 Backage Lot Sales S $ $ $ $ CSAH 14 Special Assessments $ 23,000 $ 23,000 $ 23,000 $ 23,000 2009 Street Assessments $ $ $ Total Revenue $ 2,148.000 $ 2,200,500 $ 2,357,900 $ 2,441,600 S 2,689,805 $ 2,952,516 $ 3,113,287 $ 3,297,672 $ 3,375,909 Expenditures Option One Add Option Two General Government $ 490,633 $ 518,600 $ 581,000 $ 598,000 615,940 634,418 653,451 673,054 693,246 Public Safety $ 901,684 $ 932,876 $ 1.016,000 $ 1,080,500 1,112.915 1,146,302 1,180,692 1,216,112 1,252,596 Public Works $ 298,427 $ 297,000 $ 315,000 $ 321,000 330,630 340,549 350,765 361,288 372.127 Culture & Recreation $ 72,086 $ 77,500 $ 85,500 S 88,000 90,640 93,359 96,160 99,045 102,016 Economic Development $ 25,300 $ 26,500 $ 31,200 $ 26,500 27.295 28,114 28,957 29,826 30,721 Capital Outlay $ 257,870 $ 167,124 $ 148,000 $ 123,000 126.690 130,491 134,405 138,438 142,591 General Fund Debt Service $ 102,000 $ 180,900 $ 181,200 $ 204,600 $ 204,600 $ 204,600 $ 204,600 $ 204,600 $ 204,600 2006A Backage Road Debt $ 181,095 $ 184.682 $ 184,256 $ 187,309 $ 190,013 2007A CSAH 14 Debt (1.8M) $ 190,000 $ 190,000 $ 190,000 $ 190,000 2009 Street Imp Debt (1.8M) $ 90,000 $ 90,000 $ 90,000 2009 Street Imp Debt Add (104M) $ $ 108,000 $ 108,000 Total Expenditures $ 2,148,000 $ 2,200.500 $ 2.357,900 $ 2,441,600 $ 2,689,805 $ 2,952,516 $ 3,113,287 $ 3,297,672 $ 3,375.909 TAX RATE CALCULATION Tax Capacity 3.008.706 3,358.063 3.822,290 4,022,706 4.143,387 4.267,689 4,395,719 4,527,591 4.663.419 T1F Captured Value (29,942) (31,071) AW Contribution - Out (136,680) (149,004) (136,500) (198,646) (204,605) (210,744) (217,066) (223,578) (230.285) Certified Levy 1,700,000 1,809,431 1,915,900 1,985,600 2,144,125 2.369,745 2,516,003 2,685,440 2,748.280 AW Contribution - In (198,190) (205,048) (230,000) (233,876) (240,892) (248.119) (255,563) (263,229) (271.126) Net Local Levy 1,501,810 1,604,383 1.685,900 1,751,724 1,903,233 2,121,626 2,260,440 2,422,210 2,477,153 Local Tax Rate 52.8419% 50.4842% 45.7405% 45.8080% 48.3203% 52.2961% 54.0949% 56.2780% 55.8782% Note: Appreciation Rate 3% PERCENT BY EXPENDITURE ACTIVITY Activities 2005 2006 ~ 2008 2009 2010 2011 2012 2013 General Government 23% 24% 25% 24% 23% 21% 21% 20% 21% Public Safely 42% 42% 43% 44% 41% 39% 38% 37% 37% Public Works 14% 13% 13% 13% 12% 12% 11% 11% 11% Culture & Recreation 3% 4% 4% 4% 3% 3% 3% 3% 3% Economic Development 1% 1% 1% 1% 1% 1% 1% 1% 1% Capital Oullay 12% 8% 6% 5% 5% 4% 4% 4% 4% General Fund Debt Service 5% 8% 8% 8% 14% 20% 21% 24% 23% Total Expenditures 100% 100% 100% 100% 100% 100% 100% 100% 100% General Fund Debt Service U) 50% Q) ~ ~ 45% ... .- "'C 40% r:: Q) 35O,lc, Q. >< 300,lc, w ns 250/0 ... 0 200/0 ~ 'to- 15O,lc, 0 ... 10% -~~-' ,i r:: Q) 5% (J )( n~ . >.( .)(. . , . ,(- ._- ~ Q) 0% -- D.. ~ General Government _ Public Safety - ir- Public Works ~ Culture & Recreation ___ Economic Development --+- Capital Outlay --i- General Fund Debt Service ~~ ~ ~co ~ ~ ~ ~'b ~Q) ~ ~ ~~ ~~ ~ ~ <~ ~~ ~ ~ Year COMPARISON OF CITY SPENDING TO MINNESOTA CITIES - 2007 Activities General Government Public Safety Public Works Culture & Recreation Capital Outlay General Fund Debt Service Total Expenditures Centerville 26% 43% 13% 4% 6% 8% 100% MN Cities 26% 29% 11% 11% 12% 12% 100% fA CI) ~ ~ - Comparison of Expenditures by Activity "C ~ CI) c. >< W RS - o .... .... o - ~ CI) (J ~ CI) a.. 50% 45% 40% 35% 30% 25% - 20% 15% 10% - 5% 0% ~ ~0 ~<::- ~0 00 ~ 0' 0<::- (j ~~ C::J'lf ~CJ ~ ~ *0 ~o~ ~CJ ~ ~ .~ -:::::.0 0'lf 0: <<:-0 <b- ~0 ~v (;V Activity ~~~ ~ ~O .~'lf (;~~" ,0 ~,() 00 ~, <;)0 o <<.:) <::- ~ 0' 0<::- (j o Centerville I!I MN Cities