HomeMy WebLinkAboutResolution 4782 Budget Amendment for Westside Street Improvements Project (Flanders Mill Megabuild) 1
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COMMISSION RESOLUTION NO. 4782
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN, MONTANA,
AMENDING THE CITY'S ANNUAL BUDGET FOR THE STREET IMPACT FEE FUND,
ARTERIAL & COLLECTOR DISTRICT FUND, AND THE SPECIAL IMPROVEMENT
DISTRICT REVOLVING FUND TO INCREASE APPROPRIATIONS BY A TOTAL OF
is
$5,311,520 FOR THE FISCAL YEAR ENDING DUNE 30, 2017 TO COMPLETE VARIOUS
STREET AND INTERSECTION PROJECTS.
WHEREAS,the City Commission did,on the 20"'day of June,2016,after due and proper legal
notice, conduct a public hearing and adopt a municipal budget for Fiscal Year 2016-2017 (Fiscal Year
2017); and
s
WHEREAS,the City Commission did, on the 3`d day of October, 2016, and on the 23rd day of
January,2017, after due and proper legal notice,conduct public hearings and amend the municipal budget
for Fiscal Year 2016-2017 (Fiscal Year 2017) Street Impact Fee Appropriations; and
WHEREAS,the City Commission did,on December 5,2016 approve the Street Impact Fee and
A
Arterial & Collector District Capital Improvement Plans for Fiscal Years 2018-2022; and
WHEREAS, such Capital Improvement Plans contained projects to consider for funding in the
Fiscal Year 2018 budget for the construction of SIF046 - Oak Street(New Holland to Ferguson), SIF080
- Ferguson Avenue (Baxter to Oak), SIF074 - Intersection of Davis & Oak Street, and SIF061 -
Intersection of Ferguson&Oak Street; and
1.
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WHEREAS,the City's Trails,Open Space,and Parks fund has previously budgeted to construct 1
Flanders Mill Road(Oak to Baxter); and
Page 1 of 4
I''
Resolution 478Z Westside Street Improvement Project(Flanders Mill)Budget Amendment
WHEREAS, portions of these project costs will be recouped by the City through payback
agreements and the creation of a Special Improvement District, and
WHEREAS, finding that excess dollars exist in the City's Special Improvement District
Revolving Fund, it is in the best interest of the City to utilize a portion of available Special Improvement
District Revolving Fund excess dollars to complete the construction of Flanders Mill Road (Sunshine
Street to Oak.) Such construction will be reimbursed to the Special Improvement District Revolving Fund
by an inter local agreement for payback from School District#7; and
WHEREAS,the need has arisen to begin construction of the above described projects in Fiscal
year 2017. The project construction and payment period will begin in Fiscal Year 2017 and extend into
Fiscal Year 2018; and
WHEREAS, the City Commission did, on the 20th day of March, 2017, after due and proper
legal notice, conduct a public hearing on proposed amending the municipal budget.
NOW, THEREFORE,BE IT RESOLVED by the City Commission of the City of Bozeman,
Montana, to wit:
Section 1 —Appropriation Changes
The City Commission of the City of Bozeman, Montana, does hereby authorize the following
changes to expenditures in the following funds:
Additions: This project and amount is added to the FYI budget.
Street Impact Fee Fund
SIF080 -Ferguson Avenue (Baxter to Oak) $357,342.50
SIF046 - Oak Street(New Holland to Ferguson) $704,796.00
SIF061 -Intersection of Ferguson and Oak Street $425,040.00
SIF074 -Intersection of Davis & Oak Street $1,559,826.00
Total Street Impact Fee Fund $3,047,004.50
Arterial & Collector District Fund
SIF080 -Ferguson Avenue (Baxter to Oak), advanced to Flanders Mill, LLC $401,390.00
SIF080 -Ferguson Avenue (Baxter to Oak), advanced to Gallatin County $357,342.50
SIF046 - Oak Street(New Holland to Ferguson), advanced to Gallatin County $704,796.00
SIF061 -Intersection of Ferguson and Oak Street $106,260.00
Page 2 of 4
Resolution 4782, Westside Street Improvement Project(Flanders Mill)Budget Amendment
SIF074-Intersection of Davis& Oak Street $389,956.00
Total Arterial & Collector Fund $1,959,744.50
Special Improvement District Revolving Fund
Flanders Mill Road—advanced to School District#7 $304,771.00
Total Revolving Fund $304.771.00
Grand Total Appropriations Changes: $5,311,520.00
Section 2—Use of Cash on Hand
The Arterial& Collector District will require increased assessments in Fiscal Year 2018 in
order to have cash available to pay the increased appropriations.
The increased appropriation will be funded with cash on hand in the Street Impact Fee Fund,
Arterial & Collector District, and Special Improvement District Revolving Fund.
Section 3
Pursuant to Section 7-6-4030, M.C.A., this resolution, upon its passage, shall be in full force
and effect on July 1,2016.
Section 4
That should it be found by any court of competent jurisdiction that any section, clause,portion,
sentence, word, or phrase of this resolution is deemed to be contrary to any existing law or regulations,
that in this instance, it is the intent of the City Commission of the City of Bozeman, Montana, that all
other portions, sections,words,clauses,phrases, or paragraphs of this document shall remain in full force
and effect.
PASSED AND APPROVED by.the City Commission of the City of Bozeman, Montana, at a
regular session thereof held on the 201h day of March, 2017.
CARSON TAYLOR
Mayor
Page 3 of 4
Resolution 4782, Westside Street Improvement Project(Flanders Mill)Budget Amendment
ATTEST:
ROBIN CROUGH �;� ��'.: •
City Clerk _7�A �.z .
co• APPROVED AS TO FORM:
Jk,p*LLIvV!AN
City Attorney
Page 4 of 4
Westside,Riorect,:,project Elements
CIP i?ro} ct#%', DescrtpEror'
SIF080 Ferguson Avenue Improvements
SIF049 Oak Street- Ferguson to New Holland
SIF061 Intersection-Oak&Ferguson
SIF074 Intersection-Oak& Davis
TOP Project Flanders Mill Road-Oak to Baxter
NONE Flanders Mill Road-Sunstone to Oak
Westside Project Financial Exhibits Page 1 of 7
Westside Project-Cost Summary
PROJECT
Project ID SECTION Source Party Project Name Feb/March 2017 FYI CIP/TOP Amount
NONE 1 City Revolving Fund Bozeman School District Flanders Mill(Oak to Sunstone) $ 304,771.00
NONE 2 Cash-Flanders Mill LLC Cash-Flanders Mill LLC Flanders Mill(Oak to Sunstone) $ 304,771.00
3 NONE-Removed
SIF046 4 Street Impact Fees City Share Oak Street(New Holland to Ferguson) $ 704,796.00 $ 1,400,000.00
SIF061 5 Arterial&Collector District City Share Intersection Oak&Ferguson $ 106,260.00 $ 269,066.00
SIF061 6 Street Impact Fees City Share Intersection Oak&Ferguson $ 425,040.00 $ 1,076,265.00
SIF080 7 Street Impact Fees City Share Ferguson Avenue(Baxter to Oak) $ 357,342.50 $ 333,333.00
SIF074 8 Street Impact Fees City Share Intersection Oak&Davis $ 1,559,826.00 $ 1,409,206.00
SIF074 9 Arterial &Collector District City Share Intersection Oak&Davis $ 389,956.00 $ 352,302.00
TOP 10 TOP Bond Fund City Share Flanders Mill (Baxter to Oak) $ 513,340,00 $ 481,116.00
SIF080 11 Arterial &Collector District Payback-Flanders Mill LLC Ferguson Avenue(Baxter to Oak) $ 401,390.00 $ 333,333.00
TOP 12 TOP Bond Fund Payback-Flanders Mill LLC Flanders Mill (Baxter to Oak) $ 558,726.00 $ 481,116.00
SIF046 13 JArterial &Collector District SID-Gallatin County Oak Street(New Holland to Ferguson) $ 704,796.00 $ 600,000.00
SIF080 14 JArterial &Collector District SID-Gallatin County Ferguson Avenue(Baxter to Oak) $ 357,342.50 $ 333,333.00
Total Project Cost Estimates $ 6,688,357.00 $ 7,069,070.00
Westside Project Financial Exhibits Page 2 of 7
Westside Project-Costs Per CIP Project
Estimated Costs from Project Sheets SPLITS TOTAL
Flanders Mill -Sunstone to Oak
$ 609,542.00
NONE 1 City Revolving Fund Bozeman School District $ 304,771.00
NONE 2 Cash-Flanders Mill LLC Cash-Flanders Mill LLC $ 304,771.00
Ferguson Ave Improvements
$ 1,116,075.00
SIF080 7 Street Impact Fees City Share $ 357,342.50
SIF080 11 Arterial &Collector District Payback-Flanders Mill LLC $ 401,390.00
SIF080 14 Arterial &Collector District SID-Gallatin County $ 357,342.50
Flanders Mill -Oak to Baxter
$ 1,072,066.00
TOP 10 TOP Bond Fund City Share $ 513,340.00
TOP 12 TOP Bond Fund Payback-Flanders Mill LLC $ 558,726.00
Oak Street- Ferguson to New Holland *includes Construction Mgmt Sub Totals $ 3,890,674.00
Street $ 1,4c9,592.00
SIF046 4 Street Impact Fees City Share $ 704,796.00
SIF046 13 Arterial &Collector District SID-Gallatin County $ 704,796.00
Oak/Ferg Intersection $ 531,300.00
SIF061 5 Arterial &Collector District City Share $ 106,260.00
SIF061 6 Street Impact Fees City Share $ 425,040.00
Oak/Davis Intersection $ 1,949,782.00
SIF074 8 Street Impact Fees City Share $ 1,559,826.00
SIP074 9 Arterial &Collector District City Share $ 389,956.00
Totals $ 6,688,357.00
$ 6,688,357.00
*Shading=Indicates project cost not requiring a budget amendment. $ 1,376,837.00
Budget Amendment $ 5,311,520.00
Westside Project Financial Exhibits Page 3 of 7
Westside Project- Budget Amendment by Source
SID Revolving Fund-Excess
NONE 1 City Revolving Fund Bozeman School District Flanders Mill (Oak to Sunstone) $ 304,771.00
TOTAL $ 304,771.00
Street Impact Fees
SIF080 7 Street Impact Fees City Share Ferguson Avenue (Baxter to Oak) $ 357,342.50
SIF046 4 Street Impact Fees City Share Oak Street(New Holland to Ferguson) $ 704,796.00
SIF061 6 Street Impact Fees City Share Intersection Oak& Ferguson $ 425,040.00
SIF074 8 Street Impact Fees City Share Intersection Oak&Davis $ 1,559,826.00
TOTAL $ 3,047,004.50
Arterial &Collector District
SIF080 11 Arterial &Collector District Payback-Flanders Mill LLC Ferguson Avenue (Baxter to Oak) $ 401,390.00
SIF080 14 Arterial &Collector District SID-Gallatin County Ferguson Avenue (Baxter to Oak) $ 357,342.50
SIF046 13 Arterial &Collector District SID-Gallatin County Oak Street(New Holland to Ferguson) $ 704,796.00
SIF061 5 Arterial &Collector District City Share Intersection Oak& Ferguson $ 106,260.00
SIF074 9 Arterial &Collector District City Share Intersection Oak&Davis $ 389,956.00
TOTAL $ 1,959,744.50
TOTAL BUDGET AMENDMENT $ 5,311,520.00
Westside Project Financial Exhibits Page 4 of 7
Westside Project-Details of Oak Street/Intersection Costs
Breakdown by SIME and Sanderson Stewart Costs
Oak Street-Ferguson to New Holland *includes Construction Mgmt $ 3,715,674.00 $ 175,000.00 $ 3,890,674.00 Subrotols $ 3,890,674,00
Street SIME Sanderson Stewart Subtotal $1,409,592.00
SIF046 4 Street Impact Fees City Share $ 673,096.00 $ 31,700.00 $ 704,796.00
SIF046 13 Arterial&Collector District SID-Gallatin County $ 673,096.00 $ 31,700.00 $ 704,796.00
Oak/Ferg Intersection
$ 531,300.00
SIF061 5 Arterial&Collector District City Share $ 101,480.00 $ 4,780.00 $ 106,260.00
SIF061 6 Street Impact Fees City Share $ 405,920.00 $ 19,120.00 $ 425,040.00
Oak/Davis Intersection
$1,949,782.00
SIF074 8 Street Impact Fees City Share $ 1,489,666.00 $ 70,160.00 $ 1,559,826.00
SIF074 9 Arterial&Collector District City Share $ 372,416.00 $ 17,540.00 $ 389,956.00
$ 3,715,674.00 $ 175,000.00 $ 3,890,674.00
Westside Project Financial Exhibits Page 5 of 7
Westside Project-Other Summaries
1.Westside Project-Details of Flanders Mill,LLC Agreement
Amount City Pays to Flanders Mill, LLC $ 6,208,586.00
Amount Flanders Mill, LLC Pays Direct to SIME $ 304,771.00
Amount City Pays Direct to Sanderson Stewart $ 175,000.00
Total Project Amount $ 6,688,357.00
2.Westside Project-Gallatin County SID payback to Arterial&Collector District
Oak Street-Ferguson to New Holland $ 704,796.00
Ferguson Ave Improvements $ 357,342.50
SID, without ROW purchase $ 1,062,138.50
Add: Estimated incidental SID costs $ 1,000.00
Less: Estimated ROW purchase cost $ (161,605.00)
SID, net of ROW purchase $ 901,533.50
3.Westside Project-Amounts Paid Back by Flanders Mill, LLC
Ferguson Avenue(Baxter to Oak) $ 401,390.00
Flanders Mill (Baxter to Oak) $ 558,726.00
Payback Due from Flanders Mill, LLC $ 960,116.00
4.Westside Project-Maximum Amounts Paid Back by School District#7
Flanders Mill (Oak to Sunstone) $ 304,771.00
Payback Due from School District#7 $ 304,771.00
S.Westside Project-SID Revolving Fund Impacts
Current Balance in Revolving Fund $ 2,788,145.00
Required Balance: 10%of Total SID Debt $ (126,166.00)
Beginning Excess in Revolving Fund $ 2,661,979.00
Bozeman School District $ (304,771.00)
Required Balance: 10%of Gallatin County SID $ (106,213.85)
Ending Excess in Revolving Fund $ 2,250,994.15
Westside Project Financial Exhibits Page 6 of 7
1. Westside Project-SID Project Elements
Oak Street-Ferguson to New Holland $1,409,592.00
SIF046 4 Street Impact Fees City Share $ 704,796.00
SIF046 13 Arterial &Collector District SID-Gallatin County $ 704,796.00
Ferguson Ave Improvements $1,116,075.00
SIF080 7 Street Impact Fees City Share $ 357,342.50
SIF080 11 Arterial &Collector District Payback-Flanders Mill LLC $ 401,390.00
SIF080 14 Arterial &Collector District SID-Gallatin County $ 357,342.50
TOTAL SID PROJECT: $2,525,667.00
2. Westside Project-SID Project Breakdown by Source
Portion paid by Street Impact Fees-City Share
SIF046 4 Street Impact Fees City Share $ 704,796.00
SIF080 7 Street Impact Fees City Share $ 357,342.50
TOTAL STREET IMPACT FEES $1,062,138.50
Portion benefiting Flanders Mill LLC, paid by Flanders Mill LLC agreement
SIF080 11 Arterial &Collector District Payback- Flanders Mill LLC $ 401,390.00
TOTAL FLANDERS MILL, LLC AMOUNT $ 401,390.00
Portion benefiting Special Improvement District property, paid by SID 740
SIF046 13 Arterial &Collector District SID-Gallatin County $ 704,796.00
SIF080 14 Arterial &Collector District SID-Gallatin County $ 357,342.50
TOTAL SID AMOUNT, before ROW and incidental costs $1,062,138.50
TOTAL SID PROJECT: $2,525,667.00
Westside Project Financial Exhibits Page 7 of 7
Street Impact Fee
Capital Improvement Plan
Financial Summary Current Year Projected
FY17 FY18 FY19 FY20 FY21 FY22 Unscheduled
Projected Beginning Reserve Balance Dedicated to CIP $ 13,172,000 $ 8,548,426 $ (247,873) $ 691,644 $ (2,764,422) $ (1,473,291)
Plus: Impact Fee Revenues Dedicated to CIP $ 2,388,901 $ 3,123,750 $ 3,279,938 $ 3,443,934 $ 3,616,131 $ 3,796,938 $
Plus: Urban Funds:
Less: Carryover FY16 Capital Projects $ (2,067,000)
Less: Scheduled CIP Project Costs $ (4,945,475) $ (11,920,049) $ (2,340,421) $ (6,900,000) $ (2,325,000) $ (1,000,000) $ (36,236,584)
Projected Year-End Cash Dedicated to CIP $ 8,548,426 $ (247,873) $ 691,644 $ (2,764,422) $ (1,473,291) $ 1,323,647 $ (36,236,584)
Beginning Balance of Payback Improvements: $ - $ (1,436,000) $ (1,436,000) $ (1,436,000) $ (2,436,000 $
Graf Street Project $ (1,436,000) ) (1,436,000)
SIF102-Payback District
SIF111-Payback District
SIF118-Payback District
SIF129-Payback District
Ending Balance of Payback Improvements: $ (1,436,000) $ (1,436,000) $ (1,436,000) $ (1,436,000) $ (1,436,000) $ (1,436,000)
Assumptions Made for Revenue Estimates: Current Year Projected
FYI FYIS FY19 FY20 FY21 FY22
Estimated Annual Street Impact Fee Revenues $ 2,388,901 $ 2,975,000 $ 3,123,750 $ 3,279,938 $ 3,443,934 $ 3,616,131
Estimated Annual Increase 0.0% 5% 5% 5% 5% 5%
Total Estimated Revenues $ 2,388,901 $ 3,123,750 $ 3,279,938 $ 3,443,934 $ 3,616,131 $ 3,796,938
Current Revenues Dedicated to CIP% 100.0% 100.0% 100.096 100.0% 100.0% 100.0%
Plus: Increase Dedicated to Street Capacity Expansion CIP 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Total%Dedicated to CIP 100.0% 100.0% 100.096 100.0% 100.0% 100.0%
Total Estimated Revenues Dedicated to CIP $ 2,388,901 $ 3,123,750 $ 3,279,938 $ 3,443,934 $ 3,616,131 $ 3,796,938
Street Impact Fee Projects *Note:This schedule no longer contains the portions of project costs
that will be paid by other sources,with the exception of Federal
45,000,000 Urban Funds. Seethe"Funding Sources"discussion at the bottom of
40,000,000 each project item sheet
35,000,000
30,000,000
25,000,000
20,000,000
1.5,000,000
10,000,000 CURRENT
5,000,000
0
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CIP PROJECT FU PROJ. DEPARTMENT PROJECT NAME FY18 FY19 FY20 FY21 FY22 Unscheduled
Impact Fees Streets
SIF001 STREET IF ANNUAL RIGHT OF WAY ACQUISITION $250,000 $250,000 $250,000 $250,000 $250,000
SIF009 STREET IF KAGY(WILLSON TO 19TH)- $8,000,000
CONSTRUCTION
SIF036 STREET IF COTTONWOOD(BABCOCK TO $1,278,000
DURSTON)-CONSTRUCTION
SIF039 STREET IF FERGUSON&DURSTON(INTERSECTION)- $1,804,976
CONSTRUCTION
SIF046 STREET IF OAK(NEW HOLLAND TO FERGUSON)- $1,400,000
CONSTRUCTION
SIF057 STREET IF OAK(FLANDERS MILL TO RYUNSON $1,000,000
WAY)-CONSTRUCTION
SIF058 STREET IF OAK&N 27TH(INTERSECTION)- $488,584
CONSTRUCTION
SIF061 STREET IF OAK&FERGUSON(INTERSECTION)- $1,076,265
SIGNAL CONSTRUCTION
SIF062 STREET IF DURSTON(FOWLER TO FERGUSON)- $757,421
CONSTRUCTION
SIF063 STREET IF FOWLER&BABCOCK(INTERSECTION)- $1,600,000
CONSTRUCTION
SIF073 STREET IF FOWLER&DURSTON(INTERSECTION)- $1,616,000
SIGNAL CONSTRUCTION
SIF074 STREET IF OAK&DAVIS(INTERSECTION)- $1,409,206
ROUNDABOUT CONSTRUCTION
SIF076 STREET IF FOWLER CONNECTION(HUFFINE TO $500,000
OAK)-DESIGN(INCLUDES 3
INTERSECTIONS)
SIF080 STREET IF FERGUSON(BAXTER TO OAK)- $333,333
CONSTRUCTION
SIF086 STREET IF BAXTER&COTTONWOOD $2,000,000
(INTERSECTION)-CONSTRUCTION
SIF098 STREET IF OAK&COTTONWOOD(INTERSECTION)- $2,192,000
ROUNDABOUT CONSTRUCTION
SIF102 STREET IF S 11TH AVE(KAGY BLVD TO GRAF ST $1,600,000
EXTENSION)-CONSTRUCTION'S
CIP PROJECT FU PROJ. DEPARTMENT PROJECT NAME FY18 FY19 FY20 FY21 FY22 Unscheduled
SIF104 STREET IF COTTONWOOD&BABCOCK $1,148,269
(INTERSECTION)-SIGNAL CONSTRUCTION
SIF105 STREET IF COTTONWOOD(DURSTON TO OAK)- $1,240,000
CONSTRUCTION
SIF106 STREET IF TRANSPORTATION DEMAND $50,000 $50,000
MANAGEMENT CONTRACT
SIF108 STREET IF S 3RD AND GRAF-SIGNAL CONSTRUCTION $800,000
SIF109 STREET IF OAK(ROUSE THROUGH CANNERY $133,000
DISTRICT)-CONSTRUCTION
SIF110 STREET IF MANLEY&GRIFFIN(INTERSECTION)- $1,600,000
CONSTRUCTION
SIF111 STREET IF HIGHLAND(MAIN TO KAGY)- $5,000,000
CONSTRUCTION&DESIGN*
SIF112 STREET IF HIGHLAND&MAIN INTERSECTION $120,000
IMPROVEMENTS
SIF113 STREET IF GRIFFIN(7TH TO ROUSE)-CONSTRUCTION $3,000,000
SIF114 STREET IF FOWLER CONNECTION(HUFFINE TO $3,750,000
OAK)-CONSTRUCTION
SIF115 STREET IF COLLEGE(11TH TO 19TH)- $550,000
CONSTRUCTION
SIF116 STREET IF BRIDGER DR&STORY MILL RD $800,000
(INTERSECTION)-CONSTRUCTION
SIF117 STREET IF STORY MILL(GRIFFIN TO BRIDGER)- $225,000
CONSTRUCTION
SIF118 STREET IF BABCOCK(11TH AVE TO 19TH AVE)- $750,000
CONSTRUCTION*
SIF118 STREET IF BABCOCK(11TH AVE TO 19TH AVE)- $250,000
DESIGN*
SIF121 STREET IF BAXTER&DAVIS(INTERSECTION)- $2,000,000
CONSTRUCTION
SIF122 STREET IF BABCOCK&FERGUSON(INTERSECTION)- $800,000
CONSTRUCTION
SIF123 STREET IF BRIDGER DR&STORY MILL RD $200,000
(INTERSECTION)-DESIGN*
SIF125 STREET IF COLLEGE(11TH TO 19TH)-DESIGN $100,000
SIF127 STREET IF FOWLER RIGHT OF WAY PURCHASE $1,000,000
CIP PROJECT FU PROJ. DEPARTMENT PROJECT NAME FY18 FY19 FY20 FY21 FY22 Unscheduled
SIF128 STREET IF IKAGY(WILLSON TO HIGHLAND)-DESIGN $500,000
SIF129 STREET IF IKAGY(WILLSON TO HIGHLAND)- $6,000,000
CO NSTRU CTION"
SIF130 STREET IF IKAGY(19TH TO WILLSON)INTERIM $500,000
IMPROVEMENTS
SIF131 STREET IF 'S 3RD AND GRAF-SIGNAL DESIGN $150,000
SIF132 STREET IF STORY MILL(GRIFFIN TO BRIDGER)- $50,000
DESIGN
SIF133 STREET IF GRIFFIN CORRIDOR DESIGN $250,000
SIF134 STREET IF OAK(COTTONWOOD TO FLANDERS $1,300,000
MILL)-CONSTRUCTION
SIF135 STREET IF OAK(FERGUSON TO RYUNSON WAY)- $100,000
CONSTRUCTION
Summary for Impact Fees Streets(45 items) FY28 FY19 FY20 FY21 FY22 Unscheduled
Totals by year: $11,920,049 $2,340,421 $6,900,000 $2,325,000 $1,000,000 $36,236,584
Arterial&Collector District Fund
Capital Improvement Plan
Financial Summary Current Year Projected
FY17 FY18 FY19 FY20 FY21 FY22 Unscheduled
Projected Beginning Reserve Balance Dedicated to CIP $ 1,005,600 $ 1,070,600 $ (783,245) $ 248,444 $ (487,004) $ 895,839
Plus: Assessment Revenues Dedicated to CIP $ 1,095,000 $ 2,080,500 $ 2,122,110 $ 2,164,552 $ 2,207,843 $ 2,252,000 $
Less: Scheduled CIP Project Costs $ (1,030,000) $ (3,934,345) $ (1,090,421) $ (2,900,000) $ (825,000) $ (750,000) $ (13,464,146)
Projected Year-End Cash Dedicated to CIP $ 1,070,600 $ (783,245) $ 248,444 $ (487,004) $ 895,839 $ 2,397,840 $ (13,464,146)
Beginning Balance of Payback Improvements: $ - $ - $ (2,544,666.00) $ (2,677,666) $ (2,677,666) $ (3,177,666) $ (3,177,666)
SIF036-Payback District $ $ (1,278,000) $
SIF046-Gallatin County SID $ (600,000)
SIF073-Payback District
$ (404,000)
SIF076-Payback District
$ (500,000)
SIF080-Gallatin County SID $ (333,333)
SIF080-Payback District $ (333,333)
SIF105-Payback District $ (1,240,000)
SIF109-Gallatin County Payback/SID $ (133,000)
SIF113-Payback District $ (2,OD0,000)
SIF127-Payback District
$ (225,000)
Ending Balance of Payback Improvements: $ $ (2,544,666) $ (2,677,666) $ (2,677,666) $ (3,177,666) $ (3,177,666) $ (4 821666)
Assumptions Made for Revenue Estimates: Current Year Projected
FYI FY18 FY19 FY20 FY21 FY22
Estimated Annual Assessment Revenues $ 565,000 $ 1,095,000 $ 2,080,500 $ 2122,110 $ 2,164,552 $ 2,207,843
Estimated Annual Increase 95.0% 90% 2% 2% 2% 2%
Total Estimated Revenues $ 1,095,000 $ 2080,500 $ 2,122110 $ 2,164,552 $ 2,207,843 $ 2,252,000
Current Revenues Dedicated to CIP% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Plus: Increase Dedicated to GP 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Total%Dedicated to CIP 100.0% 100.0% 100.0% 100.0% 100.096 100.0%
Total Estimated Revenues Dedicated to CIP $ 1,095,000 $ 2080,500 $ 2,122,110 $ 2,164,552 $ 2,207,843 $ 2,252,000
Arterial & Collector Projects
14,000,000
9,000,000 —
CURRENT
4,000,000
FY18 FY19 FY20 FY21 FY22 Unscheduled
CIP PROJECT FU PROJ. DEPARTMENT PROJECT NAME FY18 FY19 FY20 FY21 FY22 Unscheduled
Arterial&Collector
Streets
SIF036 STREET IF COTTONWOOD(BABCOCK TO $1,278,000
DURSTON)-CONSTRUCTION*
SIF039 STREET IF FERGUSON&DURSTON(INTERSECTION)- $451,244
CONSTRUCTION
SIF046 STREET IF OAK(NEW HOLLAND TO FERGUSON)- $600,000
CONSTRUCTION*
SIF057 STREET IF OAK(FLANDERS MILL TO RYUNSON $500,000
WAY)-CONSTRUCTION
SIF058 STREET IF OAK&N 27TH(INTERSECTION)- $122,146
CONSTRUCTION
SIF061 STREET IF OAK&FERGUSON(INTERSECTION)- $269,066
SIGNAL CONSTRUCTION
SIF062 STREET IF DURSTON(FOWLER TO FERGUSON)- $757,421
CONSTRUCTION
SIF063 STREET IF FOWLER&BABCOCK(INTERSECTION)- $400,000
CONSTRUCTION
SIF073 STREET IF FOWLER&DURSTON(INTERSECTION)- $404,000
SIGNAL CONSTRUCTION*
SIF074 STREET IF OAK&DAVIS(INTERSECTION)- $352,302
ROUNDABOUT CONSTRUCTION
SIF076 STREET IF FOWLER CONNECTION(HUFFINE TO $500,000
OAK)-DESIGN(INCLUDES 3
INTERSECTIONS)*
SIF080 STREET IF FERGUSON(BAXTER TO OAK)- $666,666
CONSTRUCTION*
SIF086 STREET IF BAXTER&COTTONWOOD $500,000
(INTERSECTION)-CONSTRUCTION
SIF098 STREET IF OAK&COTTONWOOD(INTERSECTION)- $548,000
ROUNDABOUT CONSTRUCTION
SIF104 STREET IF COTTONWOOD&BABCOCK $287,067
(INTERSECTION)-SIGNAL CONSTRUCTION
SIF105 STREET IF COTTONWOOD(DURSTON TO OAK)- $1,240,000
CONSTRUCTION*
SIF108 STREET IF S 3RD AND GRAF-SIGNAL CONSTRUCTION $200,000
CIP PROJECT FU PROJ. DEPARTMENT PROJECT NAME FY18 FY19 FY20 FY21 FY22 Unscheduled
SIF109 STREET IF OAK(ROUSE THROUGH CANNERY $133,000
DISTRICT)-CONSTRUCTION*
SIF110 STREET IF MANLEY&GRIFFIN(INTERSECTION)- $400,000
CONSTRUCTION
SIF111 STREET IF HIGHLAND(MAIN TO KAGY)- $5,000,000
CONSTRUCTION&DESIGN*
SIF112 STREET IF HIGHLAND&MAIN INTERSECTION $30,000
IMPROVEMENTS
SIF113 STREET IF GRIFFIN(7TH TO ROUSE)- $2,000,000
CONSTRUCTION*
SIF114 STREET IF FOWLER CONNECTION(HUFFINE TO $3,750,000
OAK)-CONSTRUCTION*
SIF115 STREET IF COLLEGE(11TH TO 19TH)- $550,000
CONSTRUCTION
SIF116 STREET IF BRIDGER DR&STORY MILL RD $200,000
(INTERSECTION)-CONSTRUCTION
SIF117 STREET IF STORY MILL(GRIFFIN TO BRIDGER)- $225,000
CONSTRUCTION*
SIF118 STREET IF BABCOCK(11TH AVE TO 19TH AVE)- $750,000
CONSTRUCTION*
SIF121 STREET IF BAXTER&DAVIS(INTERSECTION)- $500,000
CONSTRUCTION
SIF125 STREET IF COLLEGE(11TH TO 19TH)-DESIGN $100,000
SIF134 STREET IF OAK(COTTONWOOD TO FLANDERS $250,000
MILL)-CONSTRUCTION
Summary for Arterial&Collector Streets(30 items) FYI8 FY19 FY20 FY21 FY22 Unscheduled
Totals by year: $3,934,345 $1,090,421 $2,900,000 $825,000 $750,000 $13,464,146