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IV.3. Amendment to the 2025-2029 Capital Improvement Plan; Bishop CITY OF HOPKINS City Council Report 2025-024 To: Honorable Mayor and Council Members Mike Mornson, City Manager From: Nick Bishop, Finance Director Dustin Pavek, Assistant Public Works Director Date: February 18, 2025 Subject: Amend 2025-2029 Capital Improvement Plan _____________________________________________________________________ RECOMMENDED ACTION MOTION TO approve an amendment to the 2025-2029 Capital Improvement Plan adding $90,000 for the construction of a yard waste storage building. OVERVIEW The City Council approved the 2025-2029 Capital Improvement Plan (CIP) on November 12, 2024. The approved CIP did not include the yard waste storage building. Currently, storage space is congested and trailers and kept outside in the elements. With the addition of this project, the Refuse Fund is projected to end 2025 with a $862,853 fund balance, which is appropriate for its operational needs. SUPPORTING INFORMATION • Project Detail for 24-CIP-U024 Finance Department Public Work Department