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CR 93-156 Capital Improvements Plan ]' , /0'" o. i l:CC:i . September 27, 1993 i " op K \ ~ " : Council Report 93-156 1994-1998 CAPITAL IMPROVEMENTS PLAN proposed Aotion. Staff recommends adoption of the following motion: Move to a~prove the 1994-1998 Capital Improvements Plan for the city of Hopkins; Approval of this motion will conclude the review and adoption process for the capital Improvements Plan. ,Overview. Since May city staff has been working on the preparation of the 1994-1998 Capital Improvements Plan for the city of Hopkins. During this period the Capital Improvements Plan has been reviewed by the Planning commission, Parks Board, and was discussed by the City council. during a public hearing on September 7 and during City, council work sessions on August 10 and September 14. No substantive changes were made to the Plan since the August 10 meeting. Certain maps and other graphics are not included in the attached plan, but . will be prepared and incorporated as a part of the final adopted . plan. Primary Issues to Consider. o What is the purpose of a Capital Improvements Plan? '0 What are the highlights of the proposed plan? o What are the financial implications of the proposed plan? supportina Information. Staff analysis of issues Alternatives Revised draft of 1994-1998 Capital Improvements Plan i Development Director .' ~_~__._--"-._~__,~_ .-c.~~..c._~ T ,< CR93-156 Page 2 . Analysis of Issues. o What is the purpose of a Capital Improvements Plan? The Capital Improvements Plan is a five-year forecast of project and equipment needs in the city of Hopkins. It is intended to alert the council and citizens to the major capital .needs on the horizon. The Capital Improvements Plan is intended to be a planning tool and is structured to present a meaningful, long-range perspective of the City's capital programming needs. At the same time, sufficient program details are provided to enable those who review the information to make informed decisions on the program proj ectsover the next five years. The first year of the plan presumes an' adopted capital budget., The remaining four years represent an estimate of project needs and funding capabilities of the city. o What are the highlights of the proposed plan? The proposed five-year Capital Improvements Plan, not including equipment replacement needs, outlines projects totaling $19,465,000 over the 1994-1998 period. This compares with total projects amounting to over $20 million in the current five-year Capital Improvements Plan (1993-1997). . For 1994, $4,601,100 in capital projects are proposed. Major , projects within the Capital Improvements Plan for 1994 include: oWA-2 Elmo Park Treatment Facility - $346,700 o SS-2 Nine Mile Creek Improvements - $1,800,000 o ST-5 & -6 street and utility Reconstruction - Hopkins House Neighborhood - $1,025,000 o ST-8 Improvements to Mainstreet from Fifth Avenue to Washington AvenUe - $334,000 o ST-9 CBD Alley Improvements - $130,000 o MF-6 Public Works Building Expansion - $260,000 Major projects within the Capital Improvements Plan for the period of 1995-1998 include: o WA-2 Elmo Park Treatment Facility o ST-1 & -2 City Wide street & utility Reconstruction o ST-4 County Road 3 Improvements _." 0 ST-7 Reconstruct Fifth Ave. So.-Mainstreet-Co. Rd. 3 o ST-11 County Road 61 (Shady Oak Road) Improvements o ST-12 Reconstruction of First street North . '... CR93-156 Page 3 . financial implications 0 What are the of the proposed capital Improvements Plan? Included in the C.I.P. starting on page 14 is a summary of the financial implications as prepared by the Finance Department. Alternatives. 1. Adopt staff's recommendation. 2. Approve the action as recommended by staff but modify the C.I.P. 3. Table matter for further information or discussion. . '.