HomeMy WebLinkAboutAdopt the Curb Replacement Capital Improvement Plan for FY 2013-2017
Commission Memorandum
REPORT TO: Honorable Mayor and City Commission
FROM: Chris Kukulski, City Manager
Anna Rosenberry, Finance Director
SUBJECT: Adoption of the Curb Replacement Capital Improvement Plan (CIP)
for FY13-17
AGENDA ITEM TYPE: Consent
MEETING DATE: December 5, 2011
RECOMMENDATION: Adoption of the Curb Replacement Capital Improvement Plan
(CIP) for FY13-17.
BACKGROUND: Each year, the City Manager is required to prepare a 5 Year Capital
Improvements Plan and submit it to the Commission by December 15th. On November 14, the
Commission held a policy discussion to review the proposed Curb Replacement Capital
Improvement Plan (CIP) for FY13-17. As a result of that review, the attached CIP is
recommended for approval.
UNRESOLVED ISSUES: None.
ALTERNATIVES: As suggested by the City Commission.
FISCAL EFFECTS: This step in the process has no fiscal effect. Once adopted, the
Capital Improvements Plan becomes the basis of the City Manager’s Recommended Budget for
FY13.
Report compiled on: November 23, 2011
Attached: Curb Replacement CIP
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Curb ReplacementsCapital Improvement PlanFinancial SummaryCurrent YearFY12 FY13 FY14 FY15 FY16 FY17UnscheduledProjected Beginning Reserve Balance Dedicated to CIP92,903$ 228,709$ 438,609$ 351,809$ 350,974$ 172,831$ ‐$ Plus: Street Mtc Revenues Dedicated to Curb Replacement 85,806$ 159,900$ 213,200$ 269,165$ 271,857$ 274,575$ ‐$ Plus: Gas Tax Dollars for Curb Replacements50,000$ 50,000$ 50,000$ 50,000$ 50,000$ 50,000$ ‐$ Less: Scheduled CIP Project Costs‐$ (350,000)$ (320,000)$ (500,000)$ (250,000)$ ‐$ Projected Year‐End Cash Dedicated to CIP228,709$ 438,609$ 351,809$ 350,974$ 172,831$ 247,406$ ‐$ Assumptions Made for Revenue Estimates:Current YearFY12FY13FY14 FY15 FY16 FY17Estimated Annual Street Mtc Revenues2,665,000$ 2,665,000$ 2,665,000$ 2,665,000$ 2,691,650$ 2,718,567$ Estimated Annual Increase ‐ Attributed to Annexations0%0%0%1%1%1%Total Estimated Revenues2,665,000$ 2,665,000$ 2,665,000$ 2,691,650$ 2,718,567$ 2,745,752$ Current Revenues Dedicated to CIP %2.0%4.0%6.0% 8.0% 10.0% 10.0% Plus: Increase Dedicated to Curb Replacements2.0%2.0%2.0% 2.0% 0.0% 0.0% Total % Dedicated to CIP4.0%6.0%8.0% 10.0% 10.0% 10.0%Total Estimated Revenues Dedicated to Curb Replacement CIP106,600$ 159,900$ 213,200$ 269,165$ 271,857$ 274,575$ ProjectedProjected600,000.00500,000.00400,000.00300,000.00200,000.00100,000.000.00FY13 FY14 FY15 FY16 FY17 UnscheduledCurb Replacement Fund ProjectsPage 192
CIP PROJECT FUNDPROJ.DEPARTMENPROJECT NAMEFY13FY14FY16UnscheduledFY15FY17Curb Replacement FundCR01STREETSCURB REPLACEMENTS$350,000$320,000$500,000$250,000Summary for Curb Replacement Fund (1 item)Totals by year:$350,000 $320,000$500,000FY13FY14FY15FY16UnscheduledFY17$250,000Page 293
CIP Project Fund
Curb Replacement Fund
PROJECT NUMBER
CR01
DEPARTMENT
STREETS
PROJECT NAME
CURB REPLACEMENTS
FY13 FY14
$350,000
FY15
$320,000
FY16
$500,000
Unscheduled
DESCRIPTION OF PROJECT
This item is the replacement of existing deteriorated curbs and gutters. We estimate that approximately 6-8 blocks (both sides of the street)
would be able to be replaced each year, if this were the only source of project funding. Preference will be give to funding projects that can
combine or leverage this money with other funds, in order to accomplish more total curb replacements. Eligible curbs are those listed as
"failing" on the City's curb condition inventory.
ALTERNATIVES CONSIDERED
Do not replace the curbs
ADVANTAGES OF APPROVAL
This aging infrastructure will be repaired.
ADDITIONAL OPERATING COSTS IN THE FUTURE, IF FUNDED
FUNDING SOURCES
Street Maintenance District annual assessment is combined with Gas Tax to accomplish these projects.
New
Replacement
Equipment
Project
FY17
$250,000
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