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Attachment B <br />Memo <br />To: <br />City Council <br />Pat Trudgeon, City Manager <br />From: <br />Chris Miller, Finance Director <br />Date: <br />August 25, 2014 <br />Re: <br />2015-2034Capital Improvement PlanSummary and Funding Recommendations <br />Introduction <br />The following information has been prepared to assist theCity Councilin assessing the <br />magnitude and financial impact of the City’s Capital Improvement Plan (CIP) over the next 20 <br />years. <br />It is suggested that the CIP be considered in accordance with the goals and strategies identified in <br />the Imagine Roseville 2025 initiative as well as any objectives or community aspirations <br />identified by the City Council. It is further suggested that funding decisions related to the CIP <br />mirror the Council’s budget priorities. <br />The CIP contains assumptions and estimations on asset lifespan andreplacement costs. It also <br />assumes that all existing functions and programs will continue at current service levels for the <br />foreseeable futureand the City’s asset and infrastructure needs will remain unchanged. <br />2015-2034CIP Summary <br />Based on the assumptionsnoted above, the City’s asset replacement needs over the next 20 years <br />areas follows: <br />$31.5million in general (tax-supported) vehicles and equipmentfor our administrative, <br />financial, police, fire, streets, parks & recreation, and information technology functions. <br />$10.1million in general facility improvementsincluding city hall, public works building, <br />fire station, skating center, and community gymnasiums. <br />$87.6million in general infrastructure including; street replacement, pathways,park <br />improvements,and street lighting. <br />$67.9million in water, sanitary sewer, and storm sewerimprovements. <br />$3.3million for other assets related to the golf course, license center, communications, <br />and community development functions. <br />In total, the City’s asset replacements needs over the next 20 years is $200million. In contrast, <br />the City expects to collect only $145million over that same time periodbased on current funding <br />and cash reserve levels, leaving a funding gap of $55millionor approximately $2.75million per <br />year. This is depicted in the graphs belowwhich are segregated by tax-supported and non-tax <br />supported operations. <br />Page 1of 9 <br />