IV.7. Amendment to the 2024-2028 Capital Improvement Plan; Bishop
CITY OF HOPKINS
City Council Report 2024-125
To: Honorable Mayor and Council Members
Mike Mornson, City Manager
From: Nick Bishop, Finance Director
Dustin Pavek, Assistant Public Works Director
Date: October 1, 2024
Subject: Amend 2024-2028 Capital Improvement Plan
_____________________________________________________________________
RECOMMENDED ACTION
MOTION TO approve an amendment to the 2024-2028 Capital Improvement Plan
adding $60,000 for the purchase of street lights and authorizing the transfer of $60,000
from the Equipment Replacement Fund to the Permanent Improvement Fund.
OVERVIEW
The City Council approved the 2024-2028 Capital Improvement Plan (CIP) on
November 21, 2023. The approved CIP did not include any City Street Light Upgrades
in 2024. Prior street lighting projects have been installed by both private contractors and
City crews. City staff would like to purchase replacement lights before a rebate program
ends in November. The lights would be stored at Public Works and installed by City
crews as time and workload allows.
The Equipment Replacement Fund is projected to end 2025 with a $929,427 fund
balance. A transfer of funds to the permanent improvement fund would allow the City to
continue to replace street lights.
SUPPORTING INFORMATION
• Project Detail for 20-CIP-S002 (as amended)
Finance Department
Public Work Department
CAPITAL IMPROVEMENT PLAN
City of Hopkins, MN - CIP Contact Public Works Director
2024 2028thru Department Public Works: Streets/Traffic
Description
Street lighting upgrades are needed to replace deteriorated poles, electrical feedpoints and old, energy inefficent fixtures.
.
2025: Hobby Acres neighborhood streets, replace 17th poles and fixtures to match Xcel Energy upgraded poles/lights and three electrical
feedpoints.
2026: Westbrooke Way street lighting, upgrade 22 lights, poles and wiring via new Xcel Energy agreement to replace expired 30-year agreement
2027: 11th Ave S, south of 7th St S, replace 18 poles and fixtures and one electrical feedpoint.
2028: Upgrade/Replace 8 Power Feed Points
Project #20-CIP-S002
Priority n/a
Justification
A replacement plan is needed as these lighting and electrical feed systems are reaching the end of their useful life, with out-dated electrical
cabinets, poles and bases and old, energy inefficent light fixtures.
Budget Impact/Other
Useful LifeProject Name City Street Lighting Upgrades Category Trans: Street Lights
Type Improvement
Future
Total Project Cost:$875,000
Total20242025202620272028Expenditures
575,00060,000 90,000 225,000 60,000Construction
200,000 90,000 225,000 60,000 575,000Total
Total20242025202620272028Funding Sources
575,000200,000 90,000 225,000 60,000PI - PIR/General Obligation
Bonds
200,000 90,000 225,000 60,000 575,000Total
Wednesday, September 25, 2024
90
200,000
60,000
60,000
60,000