2016 Approved Budget and CIP - Laserfiche WebLink

Home

Major CIP Items The CIP identifies a number of major capital items that are expected to be needed in order to sustain current programs and service levels. Over the next fiveyears, these major items include: $17million in water and sewer infrastructure. $12million in streets and pathways. $9 million in parks & recreation-related improvements. $9million in vehiclesandequipment. $5million in general facilities improvements. Greater detail on these projects can be found in the full version of the Capital Improvement Plan, but a brief overview is presented below. Five-Year Capital Improvement Plan Overview As noted above, the largest planned capital investment over the next fiveyears is associated with the City’s water and sewer infrastructure, much of which was originally installed in the 1960’s and 70’s. Some segments of this original infrastructure has already been replacedor undergone re-lining procedures.The remaining improvements are expected to take place over the next 10-15 years. Another significant investment will take place with the City’s streets and pathways as these infrastructure components proceed through their normal resurfacing and replacement cycles. This includes $6 million for the mill & overlay of neighborhood streets, as well as another $5 million for the replacement of major thoroughfares including Municipal State-Aid streets. As the City’s 2012-2016 Park Renewal Program winds down, the City will turn its attention to the remaining park system assets that were not addressed during the past 5 years.The Skating Center and Golf Course will require nearly $3 million and $1.5 million respectively over the next 5 years to replace various asset components. In addition, playgrounds and athletic fields & surfaces throughout the City will require $5 million of new investment over the next 5 years to replacing aging structures andpoor conditions. The City’s general vehicles and equipment replacement needs are expected to total roughly $9million over the next5yearsas part of City’s normal asset replacement cycle. Aside from the parks & recreation facilities noted above, the City expectsto make approximately $1million in repairs or renovationsto various components ofCity Hall, Public Worksbuilding, and the Fire Station. Five-Year Financial Impact With approximately $48 million in new capital investments over the next fiveyears, the CIP is expected to have anoticeableimpact on property taxpayers,but not necessarily on utility customers. Significant rate increases were enacted during previous years for theCity’s water, sanitary sewer, and storm sewer functions to fund scheduled improvementson a pay-as-you-go basis.However, for 2016and beyond inflationary-type rateincreases will be necessary. The impact on property taxpayers however is likely to be greater. This is depicted in the chart below. 82