CR 05-089 Capital Improvement Plan 2006-2010
June 29, 2005
Council Report 2005-089
2006-2010 CAPITAL IMPROVEMENT PLAN
Proposed Action
Staff recommends adoption of the following motion: Move to adopt the 2006-2010 Capital Improvements
Plan.
Adoption of this motion will authorize staff to begin efforts to implement 2006 projects by including them in
the 2006 budget process, and to begin preliminary steps.
Overview
The Capital Improvements Plan is a planning document intended to help the City anticipate major capital
items and to consider the financial impact of proceeding with those planned improvements.
Discussions have been held with the Park Board and Planning Commission, as well as the City Council, in
detailing proposed and necessary improvements.
Staff is recommending adoption of the plan.
Primary Issues to Consider
. Does adoption of the CIP mean projects will be implemented?
The CIP is a planning document, not an implementation action, and therefore, additional approvals
will be necessary for projects to proceed. Appropriate notifications would also be made for those
projects that have funding implications.
. Are funds available for all projects?
The plan outlines funding implications if all projects are implemented. Necessary funding changes
have been anticipated as part of this plan, and are recommended therein
Supportinl! Information
. Power point presentation
. 2006-2010 Capital Improvements Plan
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Christine M. Harkess
Finance Director
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CIP Background
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CAPITAL IMPROVEMENT
PLAN
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. The Capital Improvement Plan IS a tunl fur
long range capital r1annlng ,1nd flnClnnal
projections
. The plan IS revlewerl armually to ensurf' th~
overall objectives of City rle\l81opmerlt,
assessment of project needs and tlle City'::;
fiscal capabllltlPs
. Following are some fllghllghts of Ule pl3n lor
2006
City of Hopkins 2006 .2010
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~, Funding Sources '\' City Buildings
~.} , . Taxes !i' ,
\ . Special assessments L . City Hall Improvements
~ ::;,,: . Special fees 1 l' . wall covering replacement S23.000
, 11'
. Municipal state aid . site Improvements S50.000
. Utilities revenues . Histoncal Society roof
. Other governmental units. replacement $35.000
The impact of specific capital projects are . Arts Center lobby carpet $18.000
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, carefully considered prior to approval of
the project.
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" Parks Street Improvements
t,l . Valley Park improvements $85,000 tJ ~ <II . The city has a pavement management
\ . City wide trail connections $10,000 \ plan which provides information
. Pavilion community .. , regarding scheduled street repairs and
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message sign S35.000 improvements.
Pnvomont Condition Mllp
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EQUIPMENT REPLACEMENT PLAN
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Street Improvements
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25.000
35.000
5 825,000
'\' Utility Improvements
. I n most cases, where street
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'," reconstruction takes place, storm sewer
I. facilities either need upgrading or
1 replacement.
" . in some cases water main and sanitary
sewer needs to be rehabilitated.
. In 2006 we are
anticipating
_, $250,000 in utility
improvements.
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Conclusion
.2006 improvements total
. Funding
. General Fund
. Park Dedication funds
. Utility funds
. Capital Improvement fund
. SpeCial Assessments
. Bonding
. Other Government Units
. Private Sector funding
EQUIPMENT REPLACEMENT PLAN
$3,265.000
$ 10.000
$ 85,000
$ 309.000
$ 161,000
$ 445,000
$1,280,000
$ 690.000
$ 17,500
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Street Improvements
" - . The planning for the Shady Oak Road
i,' (Co Rd 61) improvements began in 2005
.:", for 2009/2010 construction.
, . The project is estimated to cost
52.880,000.
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. City Wide concrete alieys $
. City Wide sign master plan S
. ReSidential street
reconstruction
. Excelsior Boulevard
streetscape improvements $1.800.000
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Utility Improvements
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. Nine Miie Creek bank
stabilization $74.000
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