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564 <br />565 <br />Sb6 <br />567 <br />Sb8 <br />569 <br />S70 <br />S71 <br />S72 <br />573 <br />S74 <br />575 <br />576 <br />577 <br />578 <br />579 <br />580 <br />SS1 <br />582 <br />583 <br />5$4 <br />585 <br />S86 <br />587 <br />588 <br />5$9 <br />590 <br />591 <br />592 <br />593 <br />594 <br />595 <br />S9C <br />S3i <br />59S <br />599 <br />�00 <br />60X <br />6U2 <br />603 <br />City oi <br />���� ��� <br />Minnesota USA <br />� <br />Capitai Replacement Policy� <br />Purt�o�e <br />T�e Rosevilie City Council �as sei in place a stable fiuiding meehaz�ism for much of the city's <br />z�frastr�cture. The intent of the Cnuncil in �aving Replacerr�ent Palzcies is to provide far easing <br />ti�e burclen on both prese�t and fi�ture taxpaye�rs and to assure tI�e replacement of fhe eiiy's <br />infrastaructure �* �° ����� „L�L'ilJUl,'� u�A� zn. a�anner �hat is bo�h fiseal�y and operatic�nally <br />prudent. <br />The �rimary purpose o�' ihis policy is ta have s�ecific resources set aside an a periodic basis, ta <br />create iunding for the �najor equipment and infrast�ruct�re needs of the caz�.munity, without <br />encnuntering xnajor ta� increases £or maintenance a�d replacemen�. <br />It is not the intenf o� the City Council fa fund rnajor �ew £acilifiies, which have no� had the <br />orzginal funding established either through tax incrernent, gen.earal taxes or other such so�ces. <br />T�e replacement fu�ds are expec�ed to be on�y £or replac��n�nt p�rposes. (See the <br />Tmplezzae�tation section belaw) <br />Po___���.X <br />o T�e Ci�y vvill establish a Ger�eral V�hicla Re�lacerr�er�� Fund a�ad a Fire Vehicle <br />Re�a�acemer�t Fund. Tkze City will appropriate funds to �liem annually to provide for <br />ti�z�ely replacernent o£ ve�icles. The amo�nt wil� be mainfiained at ari amount equal ta <br />�he accumulated depreciation including annual fiznd interest earnings to provide �or <br />ve�zcle replacement <br />'� Comment * Annual funding needs for this purpose is approxinzately <br />�100, 000 beZow tivhat it should he <br />0 The City will establish a General P�ant Replacernent F�d to provide %r non-vehicuiar <br />equiprnent replacement; i.e., mawers, taols, etc. Funding sho�aZc� equal the amount of <br />accumulated depreciatic�n recorded on all �eneral governmental equipz�ent including <br />annual fi�nd interest earnings <br />C1 The City wzll es�ablish a Buildi�g Replac�men� Fund, and wzll appropria�e f-unc�s �o i� <br />aianually to provide for timely rnaiz�tenance of all l��ildings az�d plants supported by <br />gen�rai gavern�zental funding. <br />Mairate�ar�ce incl�des rana'ox items such as roo� ra air anci HVAC <br />replaceznent. <br />644 * Conament * the City discontinued an annual app�op�iation in the late <br />605 1990's in favo� af p�oviding funding fo� otheY p�og�arns. This Fund, <br />(p{ tivhile stilZ in existence is insufficient to pay for all of the futu�e renovaiian <br />50� and �eplacement cast of gene�al City facilities <br />20 <br />