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 For future development or redevelopment proposals that require public infrastructure <br />and/or public financing assistance and/or City support services, a fiscal analysis shall be <br />prepared identifying the project sources and uses. The analysis should also demonstrate the <br />costs and benefits of the project. The cost of this analysis shall be borne by the developer. <br /> <br /> The City will establish departmental Vehicle and Equipment Replacement Funds. The City <br />will appropriate monies to them annually to provide for timely replacement of vehicles and <br />equipment. The amount will be maintained at an amount equal to the proportion of useful <br />life expired multiplied by estimated replacement cost. <br /> <br /> The City will establish a Building Capital Maintenance Fund, and will appropriate funds <br />to it annually to provide for timely maintenance of all buildings supported by general <br />governmental funding. Only maintenance which meets the capitalization threshold shall be <br />paid for out of this fund. Maintenance includes major items such as roof repair and HVAC <br />replacement. <br /> <br /> The City shall establish a Street Infrastructure Replacement Fund to provide for the general <br />replacement of streets and related infrastructure throughout the community. The annual <br />MSA capital allocation, will be included as a part of the source of funds for computing the <br />adequacy of this fund. This fund has been formally categorized by the Council as a <br />permanent fund, whereby the interest proceeds are only used for the stated purpose. The <br />cash reserve amount should remain between $8-12 million. <br /> <br /> The City shall establish a Park Capital Maintenance Fund to provide for the general <br />replacement of parks and related infrastructure throughout the community. The funding <br />should equal the proportion of useful life expired multiplied by estimated replacement cost <br />for all park system assets. <br /> <br /> Within each enterprise fund, the City shall establish a funding mechanism to provide for <br />the general replacement of related infrastructure throughout the community. The funding <br />should equal the proportion of useful life expired multiplied by estimated replacement cost <br />for all enterprise fund system assets. <br /> <br /> From time to time the City Council shall establish additional replacement funds as the need <br />becomes apparent. <br /> <br /> The Finance Commission will annually oversee and report to the City Council a review <br />and analysis of planned capital investments and related reserve balances. The purpose of <br />such analysis will be to gauge the health and sustainability of City reserves related to capital <br />Item #4: Attachment A