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HomeMy WebLinkAboutH2 Commission Memorandum REPORT TO: Honorable Mayor and City Commission FROM: Anna Rosenberry, Finance Director Chris Kukulski, City Manager SUBJECT: Public Hearing for Forestry (Tree 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 Forestry (Tree Maintenance District). Estimated Revenues: Forestry CIP is funded through city-wide Tree Maintenance District assessments. In FY2006 annual assessments totaled approximately $317,000 – with 14.5% ($46,000) dedicated to CIP items. The proposed CIP plan increases Tree 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 $233,000 over the next 5 years. There are currently no items planned for FY2011 and there are no “unscheduled projects”. 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 tree maintenance. All 5 items are scheduled on page 4, including their year of expenditure. You will also find an individual sheet describing details of each of the items. RECOMMENDATION: Take public comment and approve Forestry (Tree Maintenance District) Capital Improvement Project List for fiscal years 2007-2011. FISCAL EFFECTS: Tree 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 Forestry (Tree Maintenance District) CIP – Summary Sheets Individual Project Descriptions Report compiled on May 30, 2006