CR 09-062 Capital Improvment Plan 2010-2014August 3, 2009 Council Report 2009 -062
2010 -2014 CAPITAL IMPROVEMENT PLAN
Proposed Action
Staff recommends adoption of the following motion: Move to adopt the 2010 -2014 Capital Improvements
Plan.
Adoption of this motion will authorize staff to begin efforts to implement 2010 projects by including them in
the 2010 budget process, and to begin the preliminary process for their implementation.
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
Supporting Information
• Power point presentation
• 2010 -2014 Capital Improvements Plan
Christine M. Harkess, CPA, CGFM
Finance Director
Financial Impact: $ projects included in budgets Budgeted: Y/N X N Source: Various
Related Documents (CIP, ERP, etc.): CIP Notes:
CAPITAL
PROVEMENT PLAN
2010 -2014
City of Hopkins
Funding Sources
■Taxes
■Special assessments
■Special fees
■Municipal state aid
■Utilities revenues
■Other governmental units.
The impact of specific capital projects are
carefully considered prior to approval of the
project.
CIP Background
• The Capital Improvement Plan is a tool for
long range capital planning and financial
projections.
• The plan is reviewed annually to ensure the
overall objectives of City development,
assessment of project needs and the City's
fiscal capabilities.
• Following are some highlights of the plan for
2010.
City Buildings
• City Hall
• Council Chambers lighting
• Boiler replacement
• Arts Center
❑ Carpeting — hallway & various rooms
EQUIPMENT REPLACEMENT PLAN 1
Street Improvements
The city has a
pavement
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management
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plan which
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provides
information
regarding
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street repairs
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EQUIPMENT REPLACEMENT PLAN 1
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Conclusion
■ 2010 Improvements Total
$3,320,000
■ Funding
❑ Special Assessments
$
979,000
❑ PIR /Bonding
$
259,000
❑ Utility funds
$1,066,000
❑ Municipal State Aid
$
323,000
❑ Park Dedication funds
$
117,000
❑ Other Government Units
$
475,000
❑ Capital Improvement fund
$
81,000
❑ Cable TV Fund
$
20,000
EQUIPMENT REPLACEMENT PLAN 2