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� 40 0 30 ... � 20 ... � 10 2010 — 2019 Capital Investment Plan Citywide 2010 - 2019 CIP Funding Sources �,��s �,�� ,��,��• ��ei� ��s 4�0� � �� ,��ti O ��s� � � � 1�� O�� The CIP identifies a number of major capital items that are expected to be needed over the next 10 years to sustain current service levels. They include (in no particular order): ❖$29 million in park system improvements. ❖$28 million in streets and pathways. ❖$20 million in water and sewer infrastructure ❖$12 million in public safety vehicles and equipment and fire stations. ❖ $7 million in stormwater infrastructure ❖$4 million in general facilities improvements including a new fire station. ❖ $2 million in information systems Financial Impact The CIP will have a substantial impact on utility customers and taxpayers. Assuming all of the utility systems items contained in the CIP are funded, the City's water, sanitary sewer, and storm sewer rates will increase approximately 1-2% each year for the next 10 years. This is in addition to any inflationary-type increases that will be needed for general operations. The impact on taxpayers is even greater. 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 3-4% more each year for the next 10 years. Again, this is in addition to any inflationary-type increases that will be needed. This assumes that all property tax-supported capital items will be funded through systematic increases in cash reserves, and that no other alternative funding sources are identified. The City may choose instead to issue voter-approved bonds to finance some items such as a new fire station or park improvements. 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. 5 15 of 81