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Commission Memorandum
REPORT TO: Honorable Mayor and City Commission
FROM: Anna Rosenberry, Finance Director
Chris Kukulski, City Manager
SUBJECT: Public Hearing for Street Maintenance District Capital Improvement
Project List for Fiscal Years 2007-2011.
MEETING DATE: June 5, 2006
BACKGROUND: We are currently undertaking an update to all Capital Improvement Plan
schedules for the Fiscal Years 2007-2011, including the Street Maintenance District.
Estimated Revenues: Street Maintenance District CIP is funded through city-wide Street
Maintenance District assessments. In FY2006 annual assessments totaled approximately
$1,440,000 – with 7% ($107,000) dedicated to CIP items. The proposed CIP plan increases
Street Maintenance District rates by 1% each year to specifically increase the amount dedicated
to CIP. See “Rate Changes and Projection of Customer Growth” sheet.
Estimated Expenditures: The proposed plan anticipates funding a total of $967,750 over the next
5 years. There are 3,048,000 in “unscheduled projects” – the largest being the “Parking
Restriction Signs” totaling $2,112,000. The dollars associated with all items represent estimates
of what the equipment or project will cost in today’s dollars. As with any long-range plan, the
estimates will become more refined as the project design is completed and when actual bids for
the projects or equipment are received.
The Projects & Equipment: The proposed list contains the projects and equipment purchases that
are seen as the highest priority for street maintenance. All 19 items are scheduled on page 4
including to their year of expenditure. You will also find an individual sheet further describing
details of each of the items.
RECOMMENDATION: Take public comment and approve Street Maintenance District
Capital Improvement Project List for fiscal years 2007-2011.
FISCAL EFFECTS: Street Maintenance District money will be spent on the approved
projects and equipment. Rate increases proposed in future years will include increases to fund
CIP projects and equipment.
ALTERNATIVES: As suggested by the City Commission.
Respectfully submitted,
_________________________________ ____________________________
Anna Rosenberry, Finance Director Chris A. Kukulski, City Manager
Street Maintenance District CIP – Summary Sheets
Individual Project Descriptions
Report compiled on May 30, 2006