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2012_0910_Packet as amended
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2012_0910_Packet as amended
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Date:September10,2012 <br />Item:12.a <br />Receive2012CIP <br />Memorandum <br />SubcommitteeRecommendations <br />1 <br />2 <br />3Date: September 10, 2012 <br />4 <br />5To: Roseville Residents and Businesses, Fellow City Councilmembers, and City Staff <br />6 <br />7From: Mayor Dan Roe, City Councilmember Jeff Johnson, City Manager Bill Malinen, and <br />8 Finance Director Chris Miller <br />9 <br />10Subject: Phase II of Recommendations from the CIP Subcommittee <br />11 <br />12 <br />The Purpose of the Subcommittee <br />13 <br />14 <br />15As noted in 2011, this subcommittee was established by the City Council as the result of the <br />16Council/Staff work plan discussions held earlier that year. The subcommittee was made up of <br />17Mayor Roe, Councilmember Johnson, City Manager Malinen, and Finance Director Chris Miller. <br />18The purpose of the subcommittee was to determine a path to a sustainable capital funding plan <br />19for the City in light of the ongoing under-funding of capital replacement needs, and to propose a <br />20plan for consideration by the community and the City Council. <br />21 <br />The Problem – A Reminder <br />22 <br />23 <br />24As a refresher of information contained in the 2011 proposals, in total, the capital needs for the <br />25City for the next 20 years have been estimated to amount to around $218 million. Of that total, <br />26about $148 million (68% - over two thirds) were un-funded by then-current sources as projected <br />27over the next 20 years. A graphic example of that situation follows: <br />28 <br />Å r r <br />Å r r <br />/ÒÒ·zÝ; <br />/Ò©©;· <br />Å <br /> r r <br />CÒ7zm <br />/ÒÒ·zÝ; <br />Å <br /> r r <br />t©;-·;7 <br />/· <br />Å r r <br />Å <br />29 <br />30 <br />31 <br />Figure 1. Current Situation - All Funds. <br /> The red bars represent cumulative annual capital <br />32 <br />costs, while the green area represents cumulative projected current annual budgeted capital <br />33 <br />funding. All figures are in 2012 dollars. <br />34 <br />35 <br /> <br />
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