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City of Roseville — 2014 Budget Capital Improvement Plan Overview As part of the City's Park Renewal Program and the more general Park Improvement Program, the City expects to make nearly $41 million in improvements to regional and neighborhood parks over the next several years. In addition, nearly $10 million in capital replacements are expected at the City's Skating Center and Golf Course. An even larger capital investment is planned for the City's water and sewer infrastructure, much of which was originally installed in the 1960's and 70's and is expected to reach the end of its useful life in the next two decades. Approximately $67 million in utility infrastructure is scheduled for replacement or re- lining procedures. A similar reinvestment is expected with the City's streets and pathways as these infrastructure components proceed through their normal resurfacing and replacement cycles. Approximately $56 million in scheduled improvements are expected over the next 20 years in order to maintain current street condition standards. The City's general vehicles and equipment replacement needs are expected to total roughly $25 million over the next 20 years. Many of these assets are replaced every 10 years, although police and fire vehicles are replaced at varying intervals depending on the vehicle. Aside from park shelters, the City does not expect to make significant repairs or renovations to any City facilities over the next two decades. Only scheduled maintenance -type repairs and replacements are planned. Financial Impact The CIP will have a substantial impact on utility customers and taxpayers. Significant rate increases were enacted during the past two years for the City's water, sanitary sewer, and storm sewer systems to fund scheduled improvements. An additional rate increase of approximately 4.7% overall was enacted in 2014 and thereafter it is expected to increase by an inflationary amount. The impact on property taxpayers is greater however. If all of the property tax - supported items contained in the CIP are funded including; vehicles, equipment, building improvements, and park improvements, taxpayers can expect to pay 34% more each year for the next 20 years. This is in addition to any inflationary -type increases that will be needed for day -to -day operations. This assumes that all property tax - supported capital items will be funded through systematic increases in the annual property tax levy, and that no other alternative funding sources are captured. In addition, it also assumes that all existing assets will be replaced with something similar at the end of their useful lives. It is likely that some assets will be retired with no intent of replacing it. The combined financial impact to Roseville homeowners if all items contained in the CIP are funded would result in an increase of approximately 3.5% perms above and beyond what they're currently paying in property taxes and utility charges. Again, these same homeowners will also face inflationary - type increases for general operations as well. WE