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2 <br />3 <br />4 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />33 <br />34 <br />35 <br />Attachment C <br />Date: 6/20/11 <br />Item: 13.a <br />Memorandum <br />Date: June 20, 2011 <br />To: Roseville Residents and Businesses, Fellow City Councilmembers, and City Staff <br />From Mayor Dan Roe, City Councilmember Jeff Johnson, City Manager Bill Malmen, and <br />Finance Director Chris Miller <br />Subject Second Part of Capital Funding Plan and Preliminary Subcommittee Report <br />The Purpose of the Subcommittee <br />As stated in the June 13 subcommittee preliminary report memo, this subcommittee was <br />established by the City Council as the result of the Council/Staffwork plan discussions held <br />earlier this year. The subcommittee was made up of Mayor Roe, Councilmember Johnson, City <br />Manager Malinen, and Finance Director Chris Miller. The purpose of the subcommittee was to <br />determine a path to a sustainable capital funding plan for the City in light of the ongoing under - <br />fitnding of capital replacement needs, and propose a plan for consideration by the community <br />and the City Council. <br />The Problem — A Reminder <br />As a refresher of information contained in the June 13 memo, in total, the capital needs for the <br />City for the next 20 years have been estimated to amount to around $218 million. Of that total, <br />about $148 million (68% - over two thirds) is un- funded by current sources as projected over the <br />next 20 years. A graphic example of the current situation follows: <br />Figure 1. Current Situation - All Funds. The red bars represent cumulative annual capital <br />costa, while the green area represents cumulative projected current annual budgeted capital <br />funding. All figures are In 2011 dollars. <br />