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HomeMy WebLinkAboutItem 08September 7, 2010 Proposed Action Staff recommends adoption of the following motion: Move to approve the Resolution Adopting the 5 -Year Capital Improvement Plan 2011 -2015. Approval of this motion will result in adoption of the 5 -year CIP. Overview The Capital Improvement Plan (CIP) for 2011 -2015 provides the financial framework for our community's infrastructure improvements for the next five years. The Planning Commission also held a public hearing on July 8 and approved a motion stating the proposed 2011 -2015 Capital Improvement Plan is consistent with the City's Comprehensive Land Use Plan and recommended City Council approval and adoption. Primary Issues to Consider • Does the plan adequately address the City of Lakeville's infrastructure requirements? The proposed CIP provides all of the projects as discussed at Council work sessions. Refer to Letter of Transmittal for summary of significant projects. Supporting Information • Capital Improvement Plan 2011 -2015 Capital Improvement Plan 2011 -2015 Item No. Financial Impact: $ 118 million in 2011 -2015 budgeted: Yes Source: various Related Documents (CIP, ERP, etc.): Notes: CITY OF LAKEVILLE Resolution No. RESOLUTION ADOPTING THE 5 -YEAR CAPITAL IMPROVEMENT PLAN 2011 -2015 WHEREAS, the City Council (the Council) of the City of Lakeville, Minnesota (the City) has reviewed the 5 -Year Capital Improvement Plan 2011 -2015. WHEREAS, during the course of the preparation and review of the Capital Improvement Plan, the Council has considered, for each capital improvement: the condition of the City's existing infrastructure, including the projected need for repair or replacement; the likely demand for the improvements; the estimated cost of the improvements; the available public resources; the relative benefits and costs of alternative uses of the funds; operating costs of the proposed improvements; and WHEREAS, the Plan covers at least a five -year period of 2011 -2015; sets forth the estimated schedule, timing, and details of specific capital improvements by year, together with the estimated costs, the need for the improvements, and sources of revenue to pay for the improvements; WHEREAS, the Planning Commission held a public hearing on July 8, 2010 and approved a motion stating the proposed 2011 -2015 Capital Improvement Plan is consistent with the City's Comprehensive Land Use Plan and recommended City Council approval and adoption. BE IT RESOLVED by the City Council of the City of Lakeville, Minnesota as follows: SECTION 1: ADOPTION. The 2011 -2015 Capital Improvement Plan is hereby adopted. APPROVED AND ADOPTED this 7 day of September 2010. ATTEST: Charlene Friedges, City Clerk CITY OF LAKEVILLE, By: Holly Dahl, Mayor City of Lakeville Capital Improvement Plan 2011— 2015 September 2010 City of Lakeville Capital Improvement Plan 2011— 2015 Table of Contents Page Introduction Letter of Transmittal 1 - 5 Project section Summary of Projects by Category 6 — 7 Transportation 8 —15 Utility infrastructure 16 — 31 Parks and recreation 32 — 41 General Government Facilities 42 — 52 Financing Summary of Projects by Funding Source 53 — 58 Financial Resources and Strategy 59 — 66 Financial Position — Capital Project Funds 67 — 70 Building Fund 71 Park Dedication Fund 72 Park Bond Issue 73 Park Trails Improvement Fund 74 Pavement Management Fund 75 Sanitary Sewer Trunk Fund 76 Improvement Construction Fund 77 Municipal State Aid Fund , 78 Storm Sewer Trunk Fund 79 Water Trunk Fund 80 September 2010 To the Honorable Mayor and City Council Members: The Capital Improvement Plan (CIP) is a flexible, five -year plan that identifies the City's infrastructure, development objectives and allocation of financial resources. It provides policy makers and the community with a strategic (documented) approach to implementation and administration of improvement projects. The Capital Improvement Plan provides a long range framework to meet the infrastructure needs of our community. The current economic conditions, however, have constrained community growth. While it is improbable that there will be a near term recovery to previous growth levels, the Plan is premised on a moderate but steady resumption in community growth. 700 600 500 400 300 200 100 3044 7 10. RESIDENTIAL PERMITS t 2010 —0—Total Residential Units --E— Single Family 1 An overview of the salient concepts and issues relating to the Plan follows. Transportation The City pursued a strategic plan that provides for the enhancement of the economic vitality of our community and the safety of its residents by improving the transportation system. Some of the prominent projects in the coming years are as follows: Proiect Years Cost Dodd Boulevard: 183rd Street to Hayes Ave. 2011 - 2012 $ 6,065,750 Dodd Boulevard: Hayes Ave. to 179th/Cedar 2011 - 2013 $ 4,641,700 Cedar Avenue: 162nd - 179th Street 2011 $ 49,575,000 Kenrick Avenue: 175th - 183rd Street 2011 $ 2,575,000 County Road 60: County Road 50 roundabout 2011 - 2013 $ 2,804,400 The pavement management program provides for the annual maintenance of City streets including the seal coating, patching, crack sealing and overlays. Financing is derived from property tax levies and is accounted for in the Pavement Management Fund. Residential streets which are no longer cost effective to maintain need to be reclaimed and paved. The City's street reconstruction assessment policy approved in November of 2006 provides that the City will finance 60% of the cost of the street reconstruction projects with the property owner being specially assessed for 40% of the cost. The recent Pavement Management Report indicates that there are a number of streets constructed prior to 1992 that will need to be reclaimed in the next 10 years. The City Council has placed a priority on tax stability and gradual tax increases. In order to accomplish that objective, the term (years) of debt repayment for street reconstruction projects will be structured such that the resultant debt service tax levy, when combined with the pavement management tax levy, provides overall tax stability. The following graph reflects the net benefits of coordinating the tax levy for these pavement management and street reconstruction projects. 4.900,000 4.000.000 3000 000 3.000 000 2.500000 2.000,000 1 , .500.000 1 000.000 500000 i ce` 3. �I0 4433 5414 5432 40t• - 5515 2030 203 ad'Y +5 03220 - Maintenance• � Tetal 2 Utility Infrastructure The water and sanitary sewer utility system provides essential services to the community's residents and businesses. Well #20 will be constructed in 2013 to insure adequate production capacity, if warranted, due to community growth. The Comprehensive Water Plan contemplated expansion of the water treatment facility increased ground storage capacity. Due to economic conditions and slower growth, it is anticipated planning for such improvements will not commence until 2016. Maintenance of the water system infrastructure in the next five years includes repainting of two towers, replacement of approximately one half mile of ductile iron water main, rehabilitation of wells and replacement of aging water meters. In addition, the sanitary sewer in North Lake Marion area will be relined, six lift stations will be rehabilitated and the annual on going efforts of inflow and infiltration (I/I) mitigation are a significant part of the major maintenance endeavors. Overall cost of the major maintenance projects is approximately $4.1 million. Operatine Fund 2011 2012 2013 2014 2015 Water system $ 886,300 $ 890,034 $ 183,000 $ 688,000 $ 123,000 Sanitary sewer system 100,100 323,400 692,600 143,500 82,500 Total $ 986,400 $ 1,213,434 $ 875,600 $ 831,500 $ 205,500 Park and Trail Systems Lakeville's quality of life is due in large part to its park amenities, open spaces and trail systems. Significant projects contemplated for the coming years include: Proiect Years Cost Stoneborough Park 2011 $ 290,000 King Park 2013 - 2014 $ 561,000 Quigley Sime parking lot 2014 $ 170,000 Trails 2012 - 2014 $ 1,361,080 There are also ongoing efforts to acquire the undeveloped bluff areas on Lake Marion. Several grants have been awarded for the project. An appraiser has been retained to ascertain the property value. Final costs and financing are subject to negotiation. As the trail system ages, the cost of maintenance will increase proportionally. Historically, the costs have been accounted for in the General Fund and financed with tax levies. However, in order to mitigate the adverse impacts of fluctuating annual costs, the Capital Improvement Plan segregates the program into a "Trail Maintenance Fund" similar in structure to the "Pavement Management Fund ". The initial costs would be financed with a $1.4 million transfer from the General Fund. The last tax levy for the Park Referendum bonds is in 2014. There are a number of projects (such as playground equipment replacement and a new senior center) that the Council may wish to consider as possible candidates for a park bond referendum. 3 Government Buildings The City has a number of major facilities such as arts center, central maintenance facility, city hall, police station, and fire stations. The Capital Improvement Plan addresses the major maintenance projects for the facilities in order to maximize their useful life and functionality. A summary of the overall maintenance costs are as follows: Project Years Cost Arts Center 2011 $ 2,200 Central Maintenance Facility 2011 $ 72,900 City Hall 2011 $ 226,456 Fire facilities 2011 - 2014 $ 354,231 Police facilities 2011 - 2012 $ 309,000 Senior Center/Historical Society 2012 $ 2,666,000 Water Treatement Facility 2011 + 2014 $ 527,500 Liquor Stores 2011 - 2015 $ 6,757,236 The Liquor Operations contemplates construction of a new store in the vicinity of the interchange at County Road 70 and Interstate 35; construction is subject to commercial development in the immediate area. The Liquor Operations also anticipates the relocation of the Heritage Store in 2014. Financial Impacts Non -tax revenues, such as Municipal State Aid Street Funds, are utilized to the extent reasonably possible to finance improvements. The City also seeks State and Federal grants whenever reasonably possible. As the trail system ages, the cost of maintenance will increase proportionally. Historically, the costs have been accounted for in the General Fund and financed with tax levies. However, in order to mitigate the adverse impacts of fluctuating annual costs, the Capital Improvement Plan segregates the program into a "Trail Maintenance Fund" similar in structure to the "Pavement Management Fund ". The initial costs would be financed with a $1.4 million transfer from the General Fund. The transfer will not compromise the City policy of maintaining a 40 — 50% fund balance in the General Fund. A transfer from the General Fund to the Building Fund ($52,136) is recommended in 2010 for major maintenance projects on public buildings. Property tax levies for capital improvements will remain relatively unchanged for 2011. However, taxes are projected to increase in 2012 because of the pavement management program and the Kenrick Avenue project from 175 to 183 Street. Taxes are projected to increase in 2013 — 2015 primarily due to the pavement management program and the park bond referendum. The tax levy for capital improvements represents approximately 25% of total tax levy. 4 The capital improvement plan contemplates transfers from the Water Operating Fund to the Water Trunk Fund in the next five years in order to meet the debt obligations. Water rate adjustments may be necessary to support the debt service payments. Tax levy 2011 2012 2013 2014 2015 Pavement management & reconstruction 1,546,958 1,767,442 2,072,214 2,388,831 2,704,246 Park Bond referendum 424,744 416,531 521,472 521,472 521,472 Other - public facilities 2,092,916 2,176,830 2,424,888 2,453,604 2,496,205 Street improvements 2,116,223 2,306,273 2,132,926 2,123,782 2,116,273 Total $ 6,180,841 $ 6,667,076 $ 7,151,500 $ 7,487,689 $ 7,838,196 The Water Trunk Fund is responsible for approximately $1.2 million of annual debt service payments for the water treatment facility. The primary revenue source is connection charges at the time building permits are issued. The economic recession has resulted in a decrease in revenues to the extent that there are insufficient revenues to meet debt service payments. Respectfully submitted, Steve Mielke City Administrator Estimated Tax Levies for Capital Improvement Projects Conclusion The Capital Improvement Plan maximized the use of non -tax revenues to finance the improvements. Municipal State Aid Street Funds (MSA) connection charges, special assessments and other revenue sources are vital elements to financing City improvements. The use of these revenue sources reduces the reliance on property taxes to finance these improvements. The City should pursue the financing strategy as presented, but bear in mind future events may require changes in both costs and revenues. The Capital Improvement Plan represents a significant financial, engineering and development undertaking for the City in the years ahead. The Capital Improvement Plan is consistent with the City's Comprehensive Plan and takes into consideration projects identified in the Dakota County Capital Improvement Plan. 5 City of Lakeville, Minnesota Capital Improvement Plan 2011- 2015 Project Summary 2011 2012 2013 2014 2015 Total Transportation Dodd Boulevard: 183rd Street - 6,065,750 6,065,750 Hayes Avenue Dodd Boulevard: Hayes Avenue 266,700 4,375,000 4, 641, 700 Cedar Ave. Cedar: 161st - 179th Street 49,550,000 49,550,000 Kenrick Avenue extension - 175th St to 183rd Street 2,575,000 2,575,000 County Road 60 (185" Street) / 300,000 500,000 2,004,400 2,804,400 County Road 50 Round - about Pavement Management 1,731,468 1,239,633 1,254,477 1,189,419 1,499,070 6,914,067 Street Reconstruction 2,675,000 5,365,000 4,915,000 5,475,000 4,205,000 22,635,000 Total Transportation $ 57,098,168 $ 13,170,383 $ 12,548,877 $ 6,664,419 $ 5,704,070 $ 95,185,917 Utilities Hydrologic modeling 147,000 147,000 Well #20 construction 50,000 600,000 650,000 Tower and Reservoir painting 631,000 439,500 1,070,500 Well rehabilitation 60,000 120,000 120,000 120,000 60,000 480,000 Water meter replacement 55,200 55,200 55,500 55,500 55,500 276,900 High Speed 600 horse power pump 60,000 60,000 rehabilitation Watennain replacement 268,034 268,034 Asset Management Support 15,000 15,000 15,000 15,000 15,000 75,000 Sanitary Sewer relining 240,900 279,100 520,000 Lift Station Rehabilitation 42,600 25,000 356,000 86,000 25,000 534,600 Sanitary sewer system 50,000 50,000 50,000 50,000 50,000 250,000 inflow /infiltration repairs Sanitary sewer trunk extensions 72,500 302,500 295,500 60,600 351,400 1,082,500 Total Utility Infrastructure $ 1,183,300 $ 1,516,134 $ 1,771,100 $ 387,100 $ 556,900 $ 5,414,534 6 City of Lakeville, Minnesota Capital Improvement Plan 2011- 2015 Project Summary 2011 2012 2013 2014 2015 Total Parks Park Development- $ 94,000 $ 130,000 $ 166,000 $ 244,000 $ 244,000 $ 878,000 Administrative projects Stoneborough Park 290,000 290,000 King Park 481,000 80,000 561,000 Quigley Sime parking lot 170,000 170,000 Park improvement projects 35,000 35,000 Trail development 151,278 223,957 208,845 - 584,080 Lake Marion Loop Trail 777,000 777,000 Trail sealcoating 60,443 58,028 101,985 77,306 76,324 374,086 Trail reconstruction 99,443 100,353 524,263 362,695 1,086,754 Bury Property acquisition 723,000 723,000 Major maintenance projects 45,053 28,100 23,650 4,300 28,164 129,267 Playgrounds 275,000 400,000 - 675,000 Total Parks $ 1,311,939 $ 1,519,759 $ 1,920,855 $ 1,182,146 $ 348,488 $ 6,283,187 Facilities (Buildings) Arts Center 2,200 2,200 Central Maintenance Facility 72,900 - - 72,900 City Hall 226,456 226,456 Fire facilities 221,431 9,600 3,200 234,231 ABLE Fire Training Facility 480,000 480,000 Police Station 9,000 300,000 - 309,000 Senior Center / Historical 2,635,000 Society 2, 635, 000 Historical Society Building 23,000 - 8,000 31,000 Water Treatment Facility 22,500 - - 505,000 - 527,500 Liquor 14,000 3,006,851 132,000 3,359,623 35,000 6,757,236 Total Facilities $ 568,487 $ 5,974,451 $ 135,200 $ 4,344,623 $ 43,000 $ 11,275,523 Grand total $ 60,161,894 $ 22,180,727 $ 16,376,032 $ 12,578,288 $ 6,652,458 $ 118,159,161 7 Transportation Category: Project name: Project Manager: Anticipated start date: Project Description and location Dakota County is proposing to reconstruct Dodd Boulevard (County Road 9) as a four lane divided highway from 183 Street to Hayes Avenue. The project includes construction of a roundabout at Dodd Boulevard and Highview Avenue to improve traffic flows and safety. Design would commence in 2011 with right of way being acquired and construction commencing in 2012. Dakota County will design the roadway improvements at no cost to the City. The City of Lakeville will assist with the design of the drainage; the City design costs will be financed from the General Fund. The project is subject to receipt of Federal funding. Revenues Dakota County Municipal State Aid Fund Federal and state grants Total $ 2011 Transportation Dodd Boulevard: 183 Street - Hayes Avenue Keith Nelson, City Engineer Spring 2012 (construction) 2012 2013 2014 $ 1,411,150 1,154,600 3,500,000 $ 6,065,750 $ $ $ 2015 Total $ 1,411,150 1,154,600 3,500,000 $ 6,065,750 Expenditures Right of way acquistion $ 1,690,700 $ 1,690,700 Construction 4,375,050 4 Total $ $ 6,065,750 $ - $ - $ - $ 6,065,750 9 Category: Project name: Project Manager: Anticipated start date: Revenues Dakota County $ Municipal State Aid Fund Federal and state grants Total Expenditures Project costs $ Total $ 146,700 120,000 $ 2'6 $ Transportation Dodd Boulevard: Hayes Avenue — Cedar Ave. Keith Nelson, City Engineer Spring 2014 (construction) Project Description and location Dakota County is proposing to reconstruct Dodd Boulevard (County Road 9) as a four lane divided highway from Hayes Avenue to Cedar Avenue at 179 Street. The intersection at Cedar and Dodd Boulevard will be reconstructed to 3 /a access and the existing signals would be removed. 175 Street would be extended to 179 Street. The existing Dodd Boulevard from Hayes to 175 would be vacated. Project is subject to receipt of State and Federal grant funding or new development, whichever occurs first. 2011 2012 2013 2014 2015 Total $ 481,300 393,700 3,500,000 $ 4,375,000 $ $ 266,700 $ $ 4,375,000 $ - $ 266,700 $ $ 4,375,000 $ - $ 10 $ 628,000 513,700 3,500,000 $ 4,641,700 $ 4,641,700 $ 4,641,700 Category: Project name: Project Manager: Anticipated start date: Expenditures Project costs Trail lights Transportation Cedar Avenue: 161 — 179 Street Keith Nelson, City Engineer Spring 2011 Project Description and location Dakota County will be constructing a third lane on Cedar Avenue from 147 Street in Apple Valley to 162 Street in Lakeville. The shoulders on Cedar Avenue from 162 to 179 will be widened to accommodate buses. The City share of financing for road and landscaping improvements is $558,000. City staff time for inspections of utilities and storm sewer will be financed from the General Fund. The City applied for 80% matching Federal funding for trail lighting; the City share of costs is $70,000. If the Federal funding is not received, the lights will not be installed. Revenues Dakota County Municipal State Aid Fund Federal funding - lights Total Total 2011 $ 48,642,000 $ 70,000 280,000 $ 48,992,000 $ 49,200,000 350,000 $ 49,550,000 2012 $ - $ 11 2013 2014 $ 48,642,000 628,000 280,000 $ 558,000 $ $ 49,550,000 $ 558,000 2015 Total $ 49,200,000 350,000 $ 49,550,000 Revenues Category: Project name: Project Manager: Anticipated start date: Project Description and location In order to provide a connection between the highway 50 business district and the Timbercrest commercial area, Kenrick Avenue is proposed to be extended from 175 Street to 183rd Street. The benefitted property would be specially assessed a minimum of 20% of the project costs; the special assessments would be deferred until the property develops. The total annual debt service cost is approximately $191,000 per year for 20 years starting in 2012. The debt service cost would be financed with property tax levies until such time as the deferment ends. 2011 Improvement Construction Fund $ 2,575,000 - G.O. Improvement Bonds Total $ 2,575,000 Expenditures Construction Right of way acquistion Engineering Other Total Transportation Kenrick Avenue Extension: 175 Street to 183 Street Keith Nelson, City Engineer Spring 2013 (construction) $ 1,547,215 500,000 309,400 218,385 $ 2,575,000 $ 2012 12 2013 2014 $ $ $ 2015 $ 2,575,000 - $ $ 2,575,000 Total $ 1,547,215 500,000 309,400 218,385 $ 2,575,000 Revenues Dakota County Category: Project name: Project Manager: Anticipated start date: Improvement Construction Fund Federal and state grants Expenditures Engineering design Right of way acquistion Construction Total $ 2011 $ 165,000 135,000 $ 300,000 Transportation County Road 60 (185 Street) / County Road 50 Roundabout Keith Nelson, City Engineer Spring 2013 (construction) Project Description and location The Comprehensive Transportation Plan identified County Road 50 and County Road 60 intersection as approaching capacity. During rush hour, traffic backs up for more than a half mile. Dakota County is therefore proposing to construct a roundabout at the intersection to improve traffic flow and safety. The project is subject to receipt of State and Federal funding; the project has been recommended by the Transportation Advisory Board to the Metropolitan Council. 2012 2013 2014 $ 275,000 $ 224,400 225,000 180,000 1,600,000 300,000 $ 500,000 $ 2,004,400 $ $ 500,000 $ 2,004,400 Total $ 300,000 $ 500,000 $ 2,004,400 $ $ 13 2015 Total $ 664,400 540,000 1,600,000 $ 2,804,400 $ 300,000 500,000 2,004,400 $ 2,804,400 Category: Project name: Project Manager: Anticipated start date: Project Description and location The City of Lakeville is contemplating approval of changes to the pavement management program to improve the life of streets and reduce the overall costs. Program includes a comprehensive maintenance program of crack sealing, seal coating and patching. Program also includes a comprehensive program of overlays - especially as it relates to collector and arterial streets - to extend the useful life of pavement surfaces. Revenues Municipal State Aid Fund Pavement Management Fund Total 2011 Expenditures Maintenance Crack sealing $ 100,000 Seal coating 670,000 Patching 230,000 Overlays (minor) 201,000 Park parking lots 36,728 Fire Station #3 32,800 Pavement Asset Mgt Support 25,000 Total maintenance $ 1,295,528 Transportation Pavement Management Chris Petree, Director of Operations and Maintenance Keith Nelson, City Engineer Annual 2012 $ 85,282 $ 1,646,186 $ 1,239,633 $ 1,254,477 $ 1,731,468 $ 1,239,633 $ 1,254,477 $ 104,000 208,000 239,200 209,800 41,146 2013 $ 108,160 216,320 248,768 217,832 25,000 25,000 25,000 $ 827,146 $ 816,080 $ 847,283 Overlays Ipava: 162nd - 165th $ 85,282 165th Street: Highview - Kenrick 320,958 170th St: E. of Pilot Knob $ 84,989 175th: Highview - Dodd 200,332 Flagstaff: 174th - 180th 127,166 Kenrick: Maple Island Rd - 175th $ 438,397 Kenrick: 185th - 205th 205th: Dodd - Credit River Holyoke / 210th Street 29,700 Total overlays $ 435,940 $ 412,487 $ 438,397 Total expenditures $ 1,731,468 $ 1,239,633 $ 1,254,477 14 2014 $ 85,282 $ 1,189,419 $ 1,499,070 $ 6,828,785 $ 1,189,419 $ 1,499,070 $ 6,914,067 $ 112,486 224,973 258,719 226,105 $ 342,136 2015 $ 116,986 233,972 269,068 235,629 25,000 $ 880,655 $ 618,415 $ 342,136 $ 618,415 Total $ 541,632 1,553,265 1,245,755 1,090,366 77,874 32,800 125,000 $ 4,666,692 $ 85,282 320,958 84,989 200,332 127,166 438,397 342,136 618,415 29,700 $ 2,247,375 $ 1 $ 1,499,070 $ 6,914,067 Revenues Category: Transportation Project name: Street reconstruction Project Manager: Chris Petree, Director of Operations and Maintenance Keith Nelson, City Engineer Annual Anticipated start date: Project Description and location The City Council approved a Street Reconstruction Policy in November 2006 whereby the property owners will be assessed for 40% of the street reconstruction project; the special assessments are financed over a 10 year period. The City will finance its 60% share of the project cost with property taxes. The funds received from special assessments and property taxes are appropriated to the payment of the debt. 2011 2012 2013 2014 2015 Total Improvement Construction Fund Debt issuance - Special Assessment Improvement Bonds Property taxes (future years) $ 1,503,717 $ 3,220,020 $ 2,948,315 $ 3,285,236 $ 2,524,634 $ 13,481,922 Special Assessments 1,171,283 2,144,980 1,966,685 2,189,764 1,680,366 9,153,078 Total $ 2,675 $ 5,365,000 $ 4,915,000 $ 5,475,000 $ 4,205,000 $ 22,635 Expenditures Construction $ 2,024,441 $ 3,975,334 $ 3,639,895 $ 4,055,847 $ 3,116,832 $ 16,812,349 Other 650,559 1,389,666 1,275,105 1,419 1,088,168 5,822,651 Total $ 2,675,000 $ 5,365,000 $ 4,915,000 $ 5,475,000 $ 4,205,000 $ 22,635,000 15 Utility Infrastructure Facilities Category: Project name: Project Manager: Anticipa ted start date: Revenues Environmental Resources Fund - Surface Water Management Fees. Expenditures Hydrologic modeling - Vermillion River Watershed Hydrologic modeling - Other Watersheds Total $ 147,000 Utilities Hydrologic modeling Keith Nelson, City Engineer 2011 Project Description and location The City Storm Water Management Plan was revised as part of the required comprehensive plan update to be submitted to the Metropolitan Council. The plan was updated to conform to the new Vermillion River Watershed District standards and the latest MPCA storm runoff regulations. The Vermillion River Joint Powers Organization will be doing extensive hydrologic modeling and set storm water discharge limits at corporate limits of all cities. The City of Lakeville will need to update the computer modeling in the current plan to demonstrate it meets the new discharge limits. Hydrologic modeling provides the framework for developing a storm water drainage plan that ensures discharges occurring with future development are in conformance with the Water Management Organization (WMO) requirements and for developing flooded area information of the City that would be caused by a severe rainfall event. 2011 $ 147,000 $ 97,000 50,000 2012 $ $ Total $ 147,000 $ 17 2013 2014 2015 Total $ 97,000 50,000 $ 147,000 5 1 ■ IL NNW ■111•11 SIM WATER SYSTEM ... MIME ROM ... NOM .d0 .a.+... ..refar.a.air1SOT H'STNf :�taw...�n.r.' ee 44 6 ti 1- 5 G i 1T61 11 sT W 162N 0'ST W 175TH 'ST W —x n m a _ 2 i. i O O Ui / IN 1. i25l WATER 210TH •ST.W 202N 0 8T•W 741 •04 itt ai .70 -215TH 'ST W z n Tj . ' .. i ion ...... MOM 111.. Oil. Mp..ft.l... ....[@7 1111.11 i..y m � 18 4 34° ° I g 1707 HiST W • 1 i MlWOO ..M .ant i.. ...... ■.* Legend • Water Treatment Facility • WELL WATER TOWER/TANK N 1 0 5 0 1 Miles Category: Utilities Project name: Well #20 construction Project Manager: Keith Nelson, City Engineer Chris Petree, Director of Operations and Maintenance Anticipated start date: 2013 Project Description and location Well #20 is to be constructed in 2013 in order to provide adequate water supply for our growing community. The well will draw water from the Prairie Du Chien aquifer. The well is to be constructed adjacent to Cherryview Park located at Dodd Boulevard and 175 Street. The Minnesota Department of Health will require the City to update its Well Head Protection Plan in order to receive a permit to construct a new well. Construction of well #20 will be subject to growth. Revenues Water Operating Fund Water Trunk Fund 2011 $ 50,000 2012 2013 2014 2015 Total $ 50,000 $ 600,000 Total $ 50,000 $ - $ 600,000 $ $ $ 650,000 19 $ 600,000 Expenditures Well Head Protection Plan $ 50,000 $ 50,000 Well construction $ 600,000 600,000 Total $ 50,000 $ - $ 600,000 $ $ $ 650,000 Category: Utilities Project name: Tower and Reservoir painting Project Manager: Chris Petree, Director of Operations and Maintenance Anticipated start date: 2011 Project Description and location The useful life of the water towers can be maximized by periodic painting. The Fairfield Water Tower and Airlake Water Tower will be painted in 2011 and 2012 respectively. North Park, Central Maintenance Facility and Dakota Heights are not scheduled to be repainted until 2026, 2025 and 2018 respectively. Revenues Water Operating Fund $ 631,000 $ 439,500 Total $ 631,000 $ 439,500 $ Expenditures Fairfield Tower Airlake Tower 2011 2012 2013 2014 2015 Total $ 631,000 $ 439,500 Total $ 631,000 $ 439,500 $ 20 $ 1,070,500 $ - $ - $ 1,070,500 $ 631,000 439,500 $ - $ - $ 1,070,500 Category: Utilities Project name: Well rehabilitation Project Manager: Chris Petree, Director of Operations and Maintenance Anticipated start date: Project Description and location The Capital Improvement Plan provides for the rehabilitation of wells and periodic maintenance for pumps and motors in order to maintain the water systems maximum pumping capacity. 2011 2012 2013 2014 2015 Total Revenues Water Operating Fund $ 60 $ 120,000 $ 120,000 $ 120,000 $ 60,000 $ 480,000 Total $ 60,000 $ 120,000 $ 120,000 $ 120,000 $ 60,000 $ 480,000 Expenditures Well 15 rehabilitation $ 60,000 $ 60,000 Well 9 rehabilittation $ 60,000 60,000 Well 10 rehabilitation 60,000 60,000 Well 4 rehabilitation $ 60,000 60,000 Well 16 rehabilitation 60,000 60,000 Well 2 rehabilitation $ 60,000 60,000 Well 17 rehabilitation 60,000 60,000 Well 6 rehabilitation $ 60,000 60,000 Total $ 60,000 $ 120,000 $ 120,000 $ 120,000 $ 60,000 $ 480,000 21 Category: Utilities Project name: Water meter replacement Project Manager: Chris Petree, Director of Operations and Maintenance Anticipated start date: Project Description and location The Capital Improvement Plan provides for the replacement of all water meters which are more than 20 years old. 2011 2012 2013 2014 2015 Total Revenues Water Operating Fund $ 55,200 $ 55,200 $ 55,500 $ 55,500 $ 55,500 $ 276,900 Total $ 55,200 $ 55,200 $ 55,500 $ 55,500 $ 55,500 $ 276,900 Expenditures Water meters $ 55,200 $ 55,200 $ 55,500 $ 55,500 $ 55,500 276,900 Total $ 55,200 $ 55,200 $ 55,500 $ 55,500 $ 55,500 $ 276,900 22 Category: Utilities Project name: High Speed 600 horse power pump rehabilitation Project Manager: Chris Petree, Director of Operations and Maintenance Anticipated start date: Project Description and location The high service pump station (HSPS) at the Water Treatment Facility is the single point for distribution of treated water throughout the City. Pumps in the HSPS are 12 years old and have not undergone any scheduled preventive maintenance since their installation. A regular preventive maintenance for pumps includes their removal and testing to ensure efficient operation and the meeting of specification pumping levels. This establishes a preventive maintenance program for the pumps similar to the scheduled rehabilitation of the wells. 2011 2012 Revenues Water Operating Fund $ 60,000 Total $ 60,000 $ $ Expenditures HSPS 600HP Pump $ 60,000 23 2013 2014 2015 Total $ 60,000 $ $ $ 60,000 $ 60,000 Total $ 60,000 $ $ $ $ - $ 60,000 Category: Utilities Project name: Watermain replacement: Galaxie Way from Franchise Avenue to 167 Street Project Manager: Keith Nelson, City Engineer Chris Petree, Director of Operations and Maintenance Anticipated start date: 2012 Project Description and location The cast iron watermain on Galaxie Way has been subject to numerous breaks in recent years. The watermain will be replaced in conjunction with the street replacement project in 2012. Revenues Water Operating Fund Ar 1 o 250 500 Feet Total $ 2011 2012 $ 268,034 $ 268,034 $ 24 2013 2014 2015 Total $ 268,034 $ - $ $ 268,034 Expenditures Water main replacement - $ 268,034 $ 268,034 Total $ - $ 268,034 $ - $ $ 268,034 Category: Utilities Project name: Asset Management Support Project Manager: Chris Petree, Director of Operations and Maintenance Anticipated start date: Annual Project Description and location The City owns asset management software to track the installation and maintenance history of water mains and the sanitary sewer system. The purpose of the software is to record and maintain maintenance activity for each segment of pipe throughout the City, to provide a detailed history of the asset, and allow for accurate planning for repairs and replacement. This recurring activity will provide support and training to transfer current data, maps and action notices, into the system and ensure its ongoing accuracy. 2011 2012 Revenues Water Operating Fund $ 7,500 $ 7,500 $ 7,500 $ 7,500 $ 7,500 $ 37,500 Sanitary Sewer Operating Fund $ 7,500 $ 7,500 $ 7,500 $ 7,500 $ 7,500 $ 37,500 Total $ 15,000 $ 15,000 $ 15,000 $ 15,000 $ 15,000 $ 75,000 Expenditures Professional services $ 15 $ 15,000 $ 15,000 $ 15,000 $ 15,000 $ 75,000 Total $ 15,000 $ 15,000 $ 15,000 $ 15,000 $ 15,000 $ 75,000 25 2013 2014 2015 Total SANITARY SEWER SYSTEM g1n1N■1ag)CweilalmemAaN +Il N. N � r l ■M aa aam..ma 162ND ST•W 70 216TH ST A Neiman.. aaa a.waAaaa IMM.& 1 aN.aaENWWMEWMUy t i 26 160TH $1-W 0 0° ITOTH STW Legend • LIFT STATION FORCEMAIN ■—• • ■ w4 a....,...... a$ Revenues Category: Utilities Project name: Sanitary Sewer relining Project Manager: Chris Petree, Director of Operations and Maintenance Anticipated start date: 2012 Project Description and location A segment of concrete sanitary sewer pipe approximately 5,200 feet long is showing signs of deterioration as a result of exposure to hydrogen sulfide gas. The gas is caused by the breakdown of waste material in the sewage that, as it oxidizes, produces a weak sulfuric acid that attacks and weakens the concrete pipe. Lining the pipe prevents further deterioration. The pipe proposed for relining is a 27 -inch pipe that runs along the railroad tracks on the north side of Lake Marion and was installed in 1980. It carries the sewage flow from a large area of the City west of Interstate 35. The previous portion of the pipe that was relined in 2006 was installed in 1975. This activity is planned for two years with approximately 2600' being relined each year. Sanitary Sewer Operating Fund 2011 2012 $ 240,900 $ 279,100 27 2013 2014 2015 Total $ 520,000 Total $ $ 240,900 $ 279,100 $ - $ $ 520,000 Expenditures Contract $ 240,900 $ 279,100 $ 520,000 Total $ $ 240,900 $ 279,100 $ $ $ 520,000 Revenues Category: Utilities Project name: Lift Station Rehabilitation Project Manager: Chris Petree, Director of Operations and Maintenance Anticipated start date: Annual Project Description and location The City has 22 sanitary sewer lift stations with pumps, motors and other equipment which should be periodically rehabilitated in order to ensure uninterrupted service. The expected useful life is normally approximately 20 years. grrr■rr.�..�sv�r�or,J.®rr (51 A l ^f a = g� Via$ 1 2011 176TH ST W 2012 2013 28 1saTHsrw 23. Legend to LIFT STATION - FORCEMAIN 2014 2015 Total Sanitary Sewer Operating Fund $ 42,600 $ 25,000 $ 356,000 $ 86,000 $ 25,000 $ 534,600 Total $ 42,600 $ 25,000 $ 356,000 $ 86,000 $ 25,000 $ 534,600 Expenditures Lift Station #8 pump replacement $ 17,600 $ 17,600 Lift Station #20 Rehabilitation 25,000 25,000 Lift Station #6 Rehabilitation (Eng Svc) $ 25,000 25,000 Lift Station #6 Rehabilitation $ 270,000 270,000 Lift Station #5 Rehabilitation 86,000 86,000 Lift Station #3 Rehabilitation $ 86,000 86,000 Lift Station #21 Rehabilitation $ 25,000 25,000 Total $ 42,600 $ 25,000 $ 356,000 $ 86,000 $ 25,000 $ 534,600 Revenues Category: Project name: Project Manager: Anticipated start date: 2011 Utilities Sanitary sewer system inflow /infiltration repairs Chris Petree, Director of Operations and Maintenance Annual Project Description and location The City endeavors to maximize sanitary sewer system efficiencies by eliminating inflow (direct entry of storm water) and infiltration (ground water seeping into the sanitary sewer pipes). The system flows are monitored seasonally to indentify potential problem areas. The capital improvement plan provides for an estimated annual cost to repair problem areas once they have been identified. 2012 Sanitary Sewer Operating Fund $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 250,000 Total $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 250,000 Expenditures Contractual services $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 250,000 Total $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 250,000 29 2013 2014 2015 Total Category: Utilities Project name: Sanitary sewer trunk extensions Project Manager: Keith Nelson, City Engineer Anticipated start date: As development occurs Project Description and location The Comprehensive Sanitary Sewer Plan contemplated the extension of sanitary sewer trunk lines to accommodate development. The extension of the trunk lines is depending on community development. ■.30TH "T.Sti 77 NC12I 117129 N7127b . ,./ b 771 97 , 2011 2012 2013 2014 2015 Total Revenues Sanitary Sewer Trunk Fund $ 253,000 $ 257,500 $ 50,500 $ 260,200 $ 821,200 Total $ $ 253,000 $ 257,500 $ 50,500 $ 260,200 $ 821,200 Expenditures Trunk oversizing NC127a to NC127 $ 102,000 $ 102,000 Trunk oversizing NCO5 to NC06 66,000 66,000 Trunk oversizing NC127a to NC127b 85,000 85,000 Trunk oversizing NC129 to NC127b $ 67,500 67,500 Trunk oversizing LS24 to NC129 190,000 190,000 Trunk oversizing Upstream NC74 $ 10,000 10,000 Trunk oversizing NC132 to NC129 40,500 40,500 Trunk oversizing $ 260,200 260,200 Total $ $ 253,000 $ 257,500 $ 50,500 $ 260,200 $ 821,200 30 Category: Utilities Project name: Sanitary sewer trunk extensions Project Manager: Keith Nelson, City Engineer Anticipated start date: As development occurs Project Description and location The Comprehensive Sanitary Sewer Plan contemplated the extension of sanitary sewer trunk lines to accommodate development. The extension of the trunk lines is depending on community development. • a IVIV 71 'w Revenues Sanitary Sewer Trunk Fund 2011 2012 $ 72,500 $ 49,500 $ 38,000 $ 10,100 $ 91,200 $ 261,300 Total $ 72,500 $ 49,500 $ 38,000 $ 10,100 $ 91,200 $ 261,300 Expenditures Trunk oversizing upstream to ML07 $ 5,000 $ 5,000 Trunk oversizing SC135 to SC134 67,500 67,500 Trunk oversizing SC22 to SC20 $ 22,500 22,500 Trunk oversizing SC12 to SC12a 27,000 27,000 Trunk oversizing SC22 to SC22a $ 17,000 17,000 Trunk oversizing SC43 to SC44 21,000 21,000 Reconstruction from SC58a to SC58 (Near McGuire Jr. High) $ 91,200 91,200 Trunk oversizing SC44 to SC43 $ 10,000 10,000 Total $ 72,500 $ 49,500 $ 38,000 $ 10,000 $ 91,200 $ 261,200 31 2013 2014 2015 Total Parks, Recreation and Open Space Category: Parks and Recreation Project name: Park Development - Administrative projects Project Manager: Steve Michaud, Parks and Recreation Director Anticipated start date: On -going Project Description and location The Park Dedication Fund Capital Improvement Plan budget provides appropriations for a number of activities including developer credits, planning, construction of park amenities, Sentence -To -Serve (STS) crew supervision and tree plantings. 2011 2012 2013 2014 2015 Total Revenues Park Dedication Fund $ 94,000 $130,000 $166,000 $244,000 $244,000 $ 878,000 Total $ 94,000 $130,000 $166,000 $244,000 $244,000 $ 878,000 Expenditures Developer credits $ 50,000 $ 80,000 $ 90,000 $150,000 $150,000 $ 520,000 Planning and design 5,000 5,000 10,000 20,000 20,000 60,000 Signage program (system wide) 5,000 5,000 10,000 10,000 10,000 40,000 STS labor 18,000 18,000 20,000 20,000 20,000 96,000 Tree Trust labor 2,000 3,000 5,000 5,000 5,000 20,000 STS /Tree Trust project materials 5,000 5,000 10,000 10,000 10,000 40,000 Tree plantings 5,000 10,000 15,000 20,000 20,000 70,000 Picnic tables 2,000 2,000 2,000 5,000 5,000 16,000 Taxes (property acquisitions) 2,000 2,000 4,000 4,000 4,000 16,000 Total $ 94,000 $130,000 $166,000 $244,000 $244,000 $ 878,000 33 Category: Parks and Recreation Project name: Stoneborough Park Project Manager: Steve Michaud, Parks and Recreation Director Anticipated start date: 2011 Project Description and location Stoneborough Park is located on Hytrail Court east of Dodd Boulevard in the northeast comer of the Stoneborough development. The park is classified as a mini park and is planned to have a playground, small ball field, open grass area and landscaping. Revenues Park Dedication Fund Total 2011 2012 2013 $ 290,000 $ $ $ 290,000 $ $ 34 2014 2015 Total $ - $ 290,000 $ $ 290,000 Expenditures Stoneborough Park $ 290,000 $ 290,000 Total $ 290,000 $ - $ $ $ $ 290,000 Category: Parks and Recreation Project name: Park improvement projects Project Manager: Steve Michaud, Parks and Recreation Director Anticipated start date: Various Project Description and location There are a number of projects which will be financed from the Park Dedication Fund in 2013 and 2014. The largest project relates to King Park including paving of the parking lot, installation of irrigation systems on fields #1 and #2, relocation of field #1 and installation of a new playground. Revenues Park Dedication Fund Total King Park 18350 Dodd Blvd. Legend Peet FWllnee Bdlq rawon Expenditures Berres Cabin at Ritter - Upgrades Quigley Sime parking lot King Park: Pave parking lot Irrigate Fields #'s 1 &2 Infield relocation Field #1 New Playground Total $ 2011 2012 2013 2014 2015 Total 35 $ 481,000 $ 285,000 $ $ 766,000 $ 481,000 $ 285,000 $ $ 766,000 $ 35,000 $ 35,000 170,000 170,000 $ 380,000 380,000 65,000 65,000 36,000 36,000 80.000 80.000 $ 481 $ 285 $ - $ 766,000 Category: Parks and Recreation Project name: Trail development Project Manager: Steve Michaud, Parks and Recreation Director Anticipated start date: Various Project Description and location There are four segments adjacent to county roads which do not have adequate trails. The projects are identified in the County Capital Improvement Plan and are scheduled for completion in the coming years. The Dodd Boulevard project from Highway 50 to Itea Way will be completed in 2010; however the County is not requiring repayment of the project costs ($23,013) until 2013. Expenditures Dodd: Hwy 50 - Itea Way Dodd - 208th to CSAH 50 .3— nmH.8T W 185th - Jamaica to Ipava (north side) Dodd - 185th to North of 195th (west side) 55TH I PATH. 5yT1y94W rrl l i $ 151,278 �llm� 36 $ 23,013 200,944 t G.TW $ 208,845 -;1 { ••• l r —210TH 8T-1N 2011 2012 Revenues Park Dedication Fund $ - $ 68,075 $ 103,490 $ 93,980 $ - $ 265,545 Dakota County 83,203 110,519 114,865 308,587 Escrows 9,948 9,948 Total $ $ 151,278 $ 223,957 $ 208,845 $ $ 584,080 2013 2014 2015 Total $ 23,013 151,278 200,944 208,845 Total $ $ 151,278 $ 223,957 $ 208,845 $ $ 584,080 Category: Parks and Recreation Project name: Lake Marion Loop Trail Project Manager: Steve Michaud, Parks and Recreation Director Anticipated start date: 2011 Project Description and location The Lake Marion loop relates to land and easement acquisition and trail construction from the Park and Ride lot at Kenrick / County Road 60 to Kenrick / 205 Street. The project is financed with federal and county grants. Revenues T.E. Federal grant Dakota County Regional Trail grant 2011 2012 $ 677,000 100,000 2013 2014 2015 Total $ 677,000 100,000 Total $ $ 777,000 $ $ - $ - $ 777 Expenditures A: Kenrick Ave: Park & Ride to $ 367,000 $ 367,000 195th B: 195th St: Kenrick to Casperson 160,000 160,000 C: Kenrick: 195th to 205th 150,000 150,000 Professional services - Trails 100,000 100,000 Total $ $ 777,000 $ - $ - $ - $ 777,000 37 Category: Project name: Project Manager: Anticipated start date: Project Description and location Park trails have an estimated useful life of approximately 25 years. With a significant amount of new development and trail construction occurring in the late 1980's and early 1990's, it is anticipated that Lakeville will have an increasing amount of trail reconstruction starting in 2011. Trail maintenance projects are proposed to be accounted for in the "Trail Management Fund ". Financing for the Fund will be derived from property tax levies and a transfer from the General Fund. Revenues Trail Improvement Fund Total Expenditures Trail sealcoating $ S side 165th - Kenrick to Illinois N side 165th - Kenrick to Illinois Ave North Park trails 175th: Ipava - Highview 165th: Ipava - Highview Miscellaneous Total $ Parks and Recreation Trail Maintenance Steve Michaud, Parks and Recreation Director Various 2011 2012 2013 2014 2015 Total $ 159,886 $ 158,381 $ 626,248 $ 440,001 $ 184,954 $ 1,569,470 $ 159 $ 158,381 $ 626,248 $ 440,001 $ 184,954 $ 1,569 60,443 $ 58,028 $ 101,985 $ 77,306 $ 76,324 $ 374,086 99,443 99,443 100,353 100,353 108,630 108,630 168,725 168,725 193,970 193,970 524,263 524,263 159,886 $ 158 $ 626,248 $ 440,001 $ 184,954 $ 1,569,470 38 Category: Parks and Recreation Project name: Bury Property - Land Acquisition Project Manager: Steve Michaud, Parks and Recreation Director Anticipated start date: 2011 Project Description and location The proposed project relates to land acquisition of Bury property which was formerly used as a gravel pit. The primary objective is to acquire the property containing the natural scenic bluffs overlooking the lake. City is in the process of obtaining an appraisal. The acquisition cost of the property is subject to negotiation. r 6I6.•: ^7ra 1 l ' still '11 1157 :17i'- h Cornrrmercta PrItidte Properly torage' a _ - I L Caspersen Park Revenues Dakota County grant Larsard grant T.E. Federal grant Total 2011 2012 2013 2014 2015 Total $ 300,000 $ 300,000 100,000 100,000 323,000 323,000 $ 723,000 $ $ - $ $ $ 723,000 Expenditures Professional services - closing $ 35,000 $ 35,000 Bury property acquistion 688,000 688,000 Total $ 723,000 $ $ $ - $ $ 723,000 39 Category: Project name: Project Manager: Anticipated start date: Parks and Recreation Park major maintenance projects Steve Michaud, Parks and Recreation Director Various Project Description and location The park major maintenance projects are accounted for in the General Fund Parks Department budget and financed with property tax levies. Revenues General Fund Total Expenditures Chipseal/stripe parking lots Orchard Lake Resurface Basketball Courts Hockey rink repairs Reroof Parkview building Greenway Trail bridge repairs Bench replacement Misc Parks Repairs Total 2011 2012 2013 $ 45,053 $ 28,100 $ 23,650 $ 4,300 $ 28,164 $ 129,267 $ 45,053 $ 28,100 $ 23,650 $ 4,300 $ 28,164 $ 129,267 $ 3,500 9,328 10,100 18,100 10,400 10,000 2,500 12.825 12,000 2,500 40 2014 2,500 $ 2,500 3.050 1.800 2015 23,764 2,500 1.900 Total 3,500 61,292 10,400 12,000 10,000 12,500 19.575 $ 45 $ 28 $ 23 $ 4,300 $ 28,164 $ 129,267 Revenues Park Bond Issue Total Category: Project name: Project Manager: Anticipated start date: Expenditures Hypointe Crossing Jensen Dodd Trail Highview Heights Independence Oak Shores Cheilyview Bracketts North Park Dodd Pointe Orchard Lake Beach Total i I9brchard L ake ! r • Park I mo . I 15 TH STN.! ! 213TH•S - W' Parks and Recreation Playgrounds Steve Michaud, Parks and Recreation Director 2012 Project Description and location Playground enhancements are contemplated in various parks in the coming years. Each of the designated sites have reached or surpassed their recommended life span (15 years). r I shO 'T! N ret Mhh+ilev G 180TH •w • _ y ark I ~ I :Park ./ ` Par I lrorkin XPigli s, ; 1lndapandanca Dodd r I r $ Nortlr m _ .Park J -.1 J._. 3 f L . mm.sTw� I � R 2fk- J r { � 1 , Li 1 5 ' • �1srH-sr -w ▪ den 2011 2012 41 rX ° r":l rp ■niiW111ffY. ∎.uf a ! U a:� 1 -"Pa rtir I 202N0•S I W 20514447:.. i r ri I . r Tr .1 2013 $ 45,000 45,000 60,000 65,000 60,000 $ 50,000 65,000 45,000 120,000 55,000 65,000 - $ 275,000 $ 400,000 $ 2014 • $ 275,000 $ 400,000 $ $ $ 275,000 $ 400,000 $ $ 2015 Total $ 675,000 $ 675,000 $ 45,000 45,000 60,000 65,000 60,000 50,000 65,000 45,000 120,000 55,000 65,000 $ 675,000 General Government Building Facilities Category: Facilities Project name: Arts Center Project Manager: Operations and Maintenance Director, Chris Petree Anticipated start date: 2011 Project Description and location The hot water heaters at the Arts Center are more than 25 years old and will be replaced in 2011. Revenues Building Fund Total Expenditures Hot Water Heater Replacement $ 2,200 Total $ 2,200 $ $ 2011 2012 2013 2014 2015 Total $ 2,200 - - - $ 2,200 $ 2 $ $ - $ - $ - $ 2,200 43 $ 2,200 $ $ 2,200 Category: Facilities Project name: Central Maintenance Facility Project Manager: Chris Petree, Operations and Maintenance Director Anticipated start date: 2011 Project Description and location The Central Maintenance Facility has a number of projects which are anticipated to improve the energy efficiency of the facility. 2011 2012 2013 2014 2015 Total Revenues Building Fund $ 72,900 $ 72,900 Total $ 72,900 $ - $ - $ - $ - $ 72,900 Expenditures Wall, Floor Tile Maintenance $ 11,000 $ 11,000 TGML Vista Graphic Pages 4,200 4,200 * * * * * ** Radiant Heat Panels 19,000 19,000 * * * * * ** Controls for Infrared Heaters 5,200 5,200 Controls for Hot Water Heaters 1,500 1,500 * * * * * ** PreCast Walls 9,000 9,000 * * * * * ** Drywall Boxes 8,000 8,000 * * * * * ** Hot Water Boilers 12,000 12,000 * * * * * ** Reinsulate lines 3,000 3,000 * * * * * ** Total $ 72,900 $ $ - $ - $ - $ 72,900 44 Category: Facilities Project name: City Hall Project Manager: Chris Petree, Operations and Maintenance Director Anticipated start date: 2011 Project Description and location Heating, ventilation and air conditioning (HVAC) at City Hall is based on a pneumatic technology. The environment is often inconsistent, expensive to maintain and difficult to control. The system will be more than 20 years old and at the end of its useful life. The HVAC project may be very disruptive and thus require the relocation of city hall staff to other facilities during the construction phase. The carpet in the engineering and inspections department is more than 21 years old and in need of replacement. The carpeting project will be coordinated with the HVAC project. The skylights are showing very advanced stages of fiber bloom. In order to extend their useful life, the skylights will be treated with a weather seal. 2011 2012 2013 2014 2015 Total Revenues Building Fund $ 226,456 $ $ - $ - $ - $ 226,456 Total $ 226 $ $ - $ $ - $ 226,456 Expenditures HVAC Replacement $ 135,000 $ 135,000 Carpet replacement 25,000 25,000 Skylights Maintenance 16,256 16,256 Engineering 25,000 25,000 Electric Controls 25 25 Total $ 226 $ $ $ $ - $ 226 45 Category: Facilities Project name: Fire Stations Project Manager: Chris Petree, Operations and Maintenance Director Anticipated start date: Various Project Description and location An automated energy system will be installed and duct work replaced at Fire Station #1 in 2011. The furnace and condensing unit at Fire Station #2 have exceeded their useful life and will be replaced by an energy efficient system. The hot water heaters at Fire Station #1 and #3 will also be replaced. Fire Station #2 - Furnace Replacement 20,000 2012 2011 Revenues Building Fund $ 221,431 $ Total $ 221,431 $ 9,600 $ Expenditures Fire Administration offices $ 190,000 F 'c.. 4fFTI0N 9.600 $ Fire Station #1 - TGML Vista Graphic Pages 1,700 Fire Station #1 - Replace Duct Unit Heaters $ 9,600 46 2013 -.FIRE 1 3TATIONINc .711 4 2014 2015 Total 3,200 $ $ - $ 234,231 3,200 $ $ $ 234,231 $ 190,000 1,700 9,600 20,000 Fire Station #3 - Hot Water Heater Replacement 3,000 3,000 Fire Station #1 - Hot Water Heater Replacement S 3,200 3,200 Fire Station #4 Floor Resurfacing 6,731 6,731 Total $ 221,431 $ 9,600 $ 3,200 $ $ $ 234,231 Project Description and location The Cities of Apple Valley, Burnsville, Lakeville and Eagan (ABLE) have approved a joint powers agreement in 1987 to own, operate and manage a fire training facility. The facility however will need approximately $480,000 of major maintenance work in 2014. The cost to operate and maintain the facility is shared equally amongst the four member cities. Revenues Building Fund JPA members Total Category: Facilities Project name: ABLE Fire Training Facility Project Manager: Fire Chief Anticipated start date: 2014 2011 2012 2013 2014 2015 Total $ 120,000 $ 120,000 $ $ - 360,000 $ 360,000 $ $ - $ 480 $ $ 480,000 Expenditures ABLE building renovation $ 480,000 $ 480,000 Total $ $ - $ $ 480,000 $ - $ 480,000 47 Category: Facilities Project name: Police Station Project Manager: Chris Petree, Operations and Maintenance Director Anticipated start date: Project Description and location Improvements will be installed in the Police Station to improve energy efficiencies of the new facility. The shooting range, to be constructed in 2012, will provide a facility for police officers to achieve the minimum number of practice rounds as required by P.O.S.T. certification requirements. The location of the range is yet to be determined. 2011 2012 2013 2014 2015 Total Revenues Building Fund $ 9,000 $ 9,000 Other $ 300,000 $ - $ 300,000 Total $ 9,000 $ 300,000 $ - $ $ $ 309,000 Expenditures TGML Vista Graphic Pages $ 7,000 $ 7,000 Industrial shop vac 2,000 2,000 Shooting range $ 300,000 300,000 Total $ 7,000 $ - $ $ $ $ 309,000 48 Category: Facilities Project name: "New" Senior Center / Historical Society Project Manager: Chris Petree, Operations and Maintenance Director Anticipated start date: 2011 Project Description and location Within the community, there has been discussion regarding the possible use of the "Former" Police Station as a senior center or historical center or some combination thereof. The current senior center has reached its capacity and is insufficient for many activities. The Historical Society has been located in the former parsonage on the Lakeville Area Arts Center campus; the facility lacks appropriate ADA functionality and therefore is limited in certain applications. As such, the City is contemplating the relocation of the Senior Center and Historical Society Building to the facility previously occupied by the police department. The current Senior Center was financed in part by a $260,000 Community Development Block Grant fund in 1984. The terms of the grant require repayment to the Dakota County Community Development Agency if the facility is sold. Repayment of the grant may impact financing of the new Senior Center. 2011 2012 2013 2014 2015 Total Revenues Park Bond Issue $ 1,400,000 $ 1,400,000 Sale of existing Senior Center 400,000 400,000 Building Fund 435,000 435,000 Donations 200,000 200,000 Grants 200,000 200,000 Total $ - $ 2,635,000 $ $ - $ $ 2,635,000 Expenditures Senior Center and Historical Society facility Total $ 2,635,000 $ 2 $ 2 $ - $ - $ $ 2,635,000 49 Category: Facilities Project name: Historical Society Building Project Manager: Operations and Maintenance Director, Chris Petree Anticipated start date: Various Project Description and location The Historical Society Building is heating with a hot water system which has exceeded its useful life. The heating system will be replaced in 2011. Other energy efficiency measures will be implemented in 2015. The broader issue is the long term plan for this facility if the Historical Society relocates to 20110 Holyoke Avenue. Expenditures Heat system Compressor Condenser Air Handling Unit Total $ 2011 2012 2013 2014 2015 Total Revenues Building Fund $ - $ 23,000 $ $ $ 8,000 $ 31,000 Total $ - $ 23,000 $ - $ - $ 8,000 $ 31,000 $ 23,000 $ 23,000 $ 4,000 4,000 4,000 4,000 $ 23,000 $ - $ $ 8,000 $ 31,000 50 Revenues Liquor Fund Category: Facilities Project name: Liquor Project Manager: Liquor Operations Director, Brenda Visnovec Anticipated start date: Various Project Description and location The City is endeavoring to purchase land at the County Road 70 / I -35 interchange for a future liquor store site. Construction of the new store is subject to significant retail development in the immediate area. Relocation of the Heritage Liquor Store is contemplated when the lease expires in 2014. Energy efficient LED lighting will be installed in the coolers and throughout the Kenrick Store in 2011. 2011 2012 2013 2014 2015 Total $ 14,000 $ 3,006,851 $ 132,000 $ 3,359,623 $ 35,000 $ 6,547,474 Total $ 14,000 $ 3,006,851 $ 132,000 $ 3 $ 35 $ 6 Expenditures County 70 and I -35 Interchange $ 2,990,851 $ 2,990,851 Kenrick Liquor Store - Retrofit Cooler Lights and LED lighting $ 14,000 14,000 implementation LED lighting on Kenrick Store sign 16,000 16,000 Kenrick Ave Store re -roof $ 132,000 132,000 Heritage Store - relocation $ 3,359,623 3,359,623 Kenrick Ave Store roof top units $ 35,000 35,000 Total $ 14,000 $ 3,006,851 $ 132,000 $ 3,359,623 $ 35,000 $ 6,547,474 51 Category: Facilities Project name: Water Treatment Facility Project Manager: Operations and Maintenance Director, Chris Petree Anticipated start date: 2011 and 2014 Project Description and location The heating ventilation and air conditioning system (HVAC) at the Water Treatment Facility is supplemented with hot water baseboard heating along the exterior walls in the administrative area and the meeting room, as well as in the reheats in the variable air volume boxes in the HVAC system. The system currently operates with controls that move the stem of the valve to control the amount of heat provided. This type of valve has experienced a high failure rate resulting in multiple replacements. This activity replaces the stem valves with ball valves that have a longer service life and require less maintenance. 2011 Revenues Water Operating Fund $ 22,500 $ - $ $ 505,000 $ - $ 527,500 Total $ 22,500 $ $ $ 505,000 $ - $ 527,500 Expenditures SCR New TGML Vista Graphic Pages Update Install 3 Way Valves, Reheat and Radiation Valves Re -roof $ 3,500 19,000 2012 52 2013 2014 2015 Total $ 3,500 19,000 $ 505,000 505,000 Total $ 22,500 $ - $ - $ 505,000 $ $ 527,500 Summary of Projects by Funding Source Source City of Lakeville, Minnesota Capital Improvement Plan 2011 - 2015 PROJECTS BY FUNDING SOURCE 2011 2012 2013 2014 2015 Total Building Fund Arts Center 2,200 2,200 Central Maintenance Facility 72,900 72,900 City Hall 226,456 226,456 Fire Stations 221,431 9,600 3,200 234,231 ABLE Fire Training Facility 120,000 120,000 Police Station 9,000 9,000 Police Station shooting range 300,000 "New" Senior Center / Historical Society 435,000 435,000 Historical Society Building 23,000 8,000 31,000 Building Fund 531,987 767,600 3,200 120,000 8,000 1,430,787 Dakota County Dodd Boulevard: 183rd Street - Hayes Avenue 1,411,150 1,411,150 Dodd Boulevard: Hayes Avenue - Cedar Avenue 146,700 481,300 628,000 Cedar Avenue: 161st - 179th Street 48,642,000 48,642,000 County Road 60 / County Road 50 Roundabout 165,000 275,000 224,400 664,400 Trail Development 83,203 110,519 114,865 308,587 Dakota County 48,953,700 1,769,353 816,219 114,865 51,654,137 Dakota County Grant Bury Property - Land Acquisition 300,000 300,000 Dakota County Grant 300,000 - - 300,000 Dakota County Regional Trail Grant Lake Marion Loop Trail 100,000 100,000 Dakota County Regional Trail Grant 100,000 - 100,000 54 Source Debt Issuance - Sanitary Sewer Trunk Fund Capital Improvement Plan 2011 - 2015 PROJECTS BY FUNDING SOURCE 2011 2012 2013 2014 2015 Total Park Bond Issue Playgrounds 275,000 400,000 675,000 "New" Senior Center / Historical Society 1,400,000 1,400,000 G.O (Special Assessment) Improvement Bonds Street Reconstruction Kenrick Avenue: 175th - 183rd 2,575,000 2,575,000 Property taxes (future years) 1,503,717 3,220,020 2,948,315 3,285,236 2,524,634 13,481,922 Special Assessments 1,171,283 2,144,980 1,966,685 2,189,764 1,680,366 9,153,078 Debt issuance 5,250,000 7,040,000 5,315,000 5,475,000 4,205,000 27,285,000 Development fees - Park Dedication Fund Park Development - Administrative projects 94,000 130,000 166,000 244,000 244,000 878,000 Stoneborough Park 290,000 290,000 King Park 481,000 80,000 561,000 Quigley Sime 170,000 170,000 Park Improvement Projects 35,000 35,000 Trail Development 68,075 90,425 93,980 252,480 Park Dedication Fund 384,000 198,075 737,425 622,980 244,000 2,186,480 Development fees - Sanitary Sewer Trunk Fund Sanitary Sewer Trunk Extensions - 253,000 257,500 50,500 260,200 821,200 Sanitary Sewer Trunk Extensions 72,500 49,500 38,000 10,100 91,200 261,300 72,500 302,500 295,500 60,600 351,400 1,082,500 Development fees - Water Trunk Fund Well #20 Construction 600,000 600,000 Water Trunk Fund - 600,000 600,000 Donations "New" Senior Center / Historical Society 200,000 200,000 Donations 200,000 200,000 Escrows Trail Development 9,948 9,948 Escrows - 9,948 - 9,948 55 Source Federal and State Grants Dodd Boulevard: 183rd Street - Hayes Avenue Dodd Boulevard: Hayes Avenue - Cedar Avenue County Road 60 / County Road 50 Roundabout Cedar Avenue: 161st - 179th Street (trail lights) 280,000 Liquor Fund Liquor Federal and State Grants General Fund Park Major Maintenance Projects General Fund T.E.. Federal Grant Grant - Larsard Bury Property - Land Acquisition Larsard Grant Improvement Construction Fund County Road 60 / County Road 50 Roundabout Street Reconstruction Bonds JPA Members ABLE Fire Training Facility JPA Members Liquor Fund Capital Improvement Plan 2011 - 2015 PROJECTS BY FUNDING SOURCE 2011 2012 2013 2014 2015 Total 3,500,000 3,500,000 3,500,000 3,500,000 1,600,000 1,600,000 280,000 280,000 3,500,000 5,100,000 - - 8,880,000 45,053 28,100 23,650 4,300 28,164 129,267 45,053 28,100 23,650 4,300 28,164 129,267 Grants "New" Senior Center / Historical Society 200,000 200,000 Grants 200,000 - 200,000 Grants - federal T.E.1 Grant Lake Marion Loop Trail 677,000 677,000 Bury Property - Land Acquisition 323,000 323,000 323,000 677,000 - 1,000,000 100,000 100,000 100,000 100,000 135,000 225,000 180,000 540,000 135,000 225,000 180,000 540,000 360,000 360,000 360,000 360,000 14,000 3,006,851 132,000 3,359,623 35,000 6,547,474 14,000 3,006,851 132,000 3,359,623 35,000 6,547,474 56 Source Sale of existing Senior Center "New" Senior Center / Historical Society Sale of existing Senior Center Capital Improvement Plan 2011- 2015 PROJECTS BY FUNDING SOURCE 2011 2012 2013 2014 2015 Total Municipal State Aid Fund Overlay Ipava: 162nd - 165th 85,282 85,282 Dodd Boulevard: Hayes - Cedar Ave. 120,000 393,700 513,700 Cedar Avenue: 161st - 179th Street 70,000 558,000 628,000 Dodd Boulevard: 183rd Street - Hayes Avenue 1,154,600 1,154,600 Municipal State Aid 275,282 1,154,600 393,700 558,000 2,381,582 400,000 400,000 400,000 - 400,000 Tax Levy Trail Maintenance - sealcoating 51,601 51,601 103,202 Pavement Management 1,546,958 1,198,487 1,254,477 1,189,419 1,499,070 6,688,411 Tax Levy 1,546,958 1,198,487 1,254,477 1,241,020 1,550,671 6,791,613 Trail Improvement Fund - fund balance Trail sealcoating $ 60,443 $ 58,028 $ 101,985 $ 25,705 $ 24,723 $ 270,884 S side 165th - Kenrick to Illinois Ave 99,443 99,443 N side 165th - Kenrick to Illinois Ave 100,353 100,353 175th: Ipava - Highview 168,725 168,725 165th: Ipava - Highview 193,970 193,970 Miscellaneous 524,263 524,263 Trail Improvement Fund 159,886 158,381 626,248 388,400 24,723 1,357,638 User Fees - Environmental Resources Fund Surface Water Management fee Hydrologic Modeling 147,000 147,000 Surface Water Management Fund 147,000 - 147,000 User Fees - Sanitary Sewer Operating Fund Asset Management Support 7,500 7,500 7,500 7,500 7,500 37,500 Sanitary Sewer Re- lining 240,900 279,100 520,000 Lift Station Rehabilitation 42,600 25,000 356,000 86,000 25,000 534,600 Sanitary Sewer System Inflow /Infiltration Repairs 50,000 50,000 50,000 50,000 50,000 250,000 Sanitary Sewer Operating Fund 100,100 323,400 692,600 143,500 82,500 1,342,100 57 Source Capital Improvement Plan 2011- 2015 PROJECTS BY FUNDING SOURCE 2011 2012 2013 2014 2015 Total User Fees - Water Operating Fund Tower and Reservoir Painting 631,000 439,500 1,070,500 Well Rehabilitation 60,000 120,000 120,000 120,000 60,000 480,000 Water Meter Replacement 55,200 55,200 55,500 55,500 55,500 276,900 High Speed 600 hp Pump Rehabilitation 60,000 60,000 Watermain Replacement: Galaxie Way /Franchise -167th 268,034 268,034 Asset Management Support 7,500 7,500 7,500 7,500 7,500 37,500 Water Treatment Facility 22,500 505,000 527,500 Well Head Protection Report 50,000 Water Operating Fund 886,200 890,234 183,000 688,000 123,000 2,770,434 58 Financial Resources and Strategy A number of potential funding sources have been identified in the Capital Improvement Plan as to their funding capacity, applicability to the projects and conformance with City objectives. Building Fund The Building Fund accounts for the accumulation and disbursement of funds for the construction, maintenance or improvement of public buildings. The most significant revenue sources are proceeds of land sale to Life Time Fitness and Federal energy grants. Dakota County The Capital Improvement Plan assumes that Dakota County will continue to participate in the financing of projects by contributing 55% of the costs consistent with its past practice. Project costs assumed to be financial participation by Dakota County are as follows: Project Year Amount Dodd Blvd: 183rd Street - Hayes Avenue 2012 - 2013 $ 1,411,150 Dodd Blvd: Hayes - 179th/Cedar Ave. 2011 - 2013 $ 628,000 County Road 60 /County Road 50 roundabout 2011 - 2013 $ 664,400 Dakota County has also approved land acquisition grants for the Bury property and the trail construction relating to the Lake Marion Loop Trails. Project Bury Property - land aquistion Lake Marion Loop Trail Debt Financing Financial Resources and Strategy Year Amount 2011 $ 300,000 2012 $ 100,000 The Capital Improvement Plan anticipates the issuance of approximately $27 million of debt in order to finance various improvement projects. General Obligation (G.O.) Improvement Bonds would be issued to finance street improvements which are repaid with special assessments to benefitted property owners and property taxes for the City share of improvement costs. The City may issue General Obligation Improvement Bonds, pursuant to Minnesota Statutes 429, after ordering one or more improvements. Cities do not need to hold elections prior to issuing the bonds provided at least 20% of the cost of the improvement is specially assessed. The City Council approved a Street Reconstruction Assessment Policy in November 2006 whereby the property owners will be assessed for 40% of the street reconstruction project; the special assessments are financed over a 10 year period. The City will finance its 60% share of the project cost with the property taxes levied over a three year period. 60 The funds received from special assessments and property taxes are appropriated to the payment of the debt. The projects proposed to be financed with issuance of G.O. Improvement Bonds are consistent with the Pavement Management Program presented to the City Council in April 2010. General Obligation Improvement Bonds in the amount of $2.525 million will be issued in 2011 to finance the Kenrick Avenue improvements from 175 Street to 181 Street. The benefitted property will be assessed a minimum of 20% of the improvement costs. Although the extent, composition and financing of a Park Bond referendum are yet to be determined, the Capital Improvement Plan suggests that the replacement of playground equipment and construction of a new senior center are potential projects. In February 2007, the City Council received a Park Capital Improvement Financing Plan which provided various financing options to finance park improvements based on the 2006 Comprehensive Park and Trail System Plan. The financing options include but are not limited to, adjusting park dedication fees and/or financing improvements with debt approved by voter referendum. Park Bonds are repaid from property tax levies. A summary of the debt financing issues are as follows: 2011 2012 2013 2014 2015 Debt Issues G.O. Park (Referendum) Bonds 2,075,000 Liquor Revenue Bonds 1,000,000 G.O. Improvement Bonds $ 5,250,000 $ 5,365,000 $ 4,915,000 $ 5,475,000 $ 4,205,000 Total debt issuance $ 5,250,000 $ 7,440,000 $ 4,915,000 $ 6,475,000 $ 4,205,000 Revenues pledged to debt repayment Liquor Fund revenues $ 1,000,000 Special Assessments $ 1,171,283 $ 2,144,980 $ 1,966,685 $ 2,189,764 $ 1,680,366 Property taxes 4,078,717 5,295,020 2,948,315 3,285,236 2,524,634 Total debt issuance $ 5,250,000 $ 7,440,000 $ 4,915,000 $ 6,475,000 $ 4,205,000 Not included in the summary above are debt issues related to the equipment acquisition and replacement. 61 Development Fees — Trunk Funds The connection charges for water, sanitary sewer and storm water fees are collected with building permits or at the time plats are approved. The revenues are dedicated to funds to finance the construction of the City's infrastructure or the repayment of debt to finance construction projects. Park dedication fees are collected from developers at the time plats are approved. The fees are appropriated to financing of park improvements. Federal and State Grants There are a number of transportation projects which are identified in the Capital Improvement Plan which are subject to receipt of Federal and State grants. The most notable projects are as follows: Pro ect Year Amount Dodd Blvd: 183rd Street - Hayes Avenue 2011 - 2013 $ 3,500,000 Dodd Blvd: Hayes - 179th/Cedar Ave. 2011 - 2012 $ 3,500,000 Cedar Avenue: 162nd - 179th 2011 $ 48,642,000 Cedar Avenue: 162nd - 179th (Street lights) 2011 $ 280,000 County Road 60 /County Road 50 roundabout 2011 - 2013 $ 1,600,000 General Fund transfer As the trail system ages, the cost of maintenance will increase proportionally. Historically, the costs have been accounted for in the General Fund and financed with tax levies. However, in order to mitigate the adverse impacts of fluctuating annual costs, the Capital Improvement Plan segregates the program into a "Trail Maintenance Fund" similar in structure to the "Pavement Management Fund ". The initial costs would be financed with a $1.4 million transfer from the General Fund. The transfer will not compromise the City policy of maintaining a 40 — 50% fund balance in the General Fund. A transfer ($52,136) to the Building Fund is recommended in 2010 for major maintenance projects on public buildings. Municipal State Aid (MSA) The Minnesota Constitution requires that state gasoline taxes and motor vehicle registration fees provide funding for certain city, county and state roads. These revenues are distributed through the highway user distribution fund administered by the Department of Transportation for state trunk highways and certain county and city roads through the County State Aid Highway (CSAH) and Municipal State Aid (MSA) programs. The Municipal State Aid funds received by cities are divided into two allotments - a construction allotment and a maintenance allotment. 62 The maintenance allotment cannot exceed 35% of the City's total State Aid funds in any year. The maintenance allotment must be used for the maintenance of the City's Municipal State Aid street system or to pay interest on M.S.A. debt. The portion of the maintenance allotment not obligated for interest and principal payments will be appropriated to pavement management activities on State Aid roads. The City Council has directed in May 2008 that the maximum amount available from the State Aid Street Maintenance Account ($374,335) be appropriated to the General Fund to offset the increased tax due to the Resolution Authorizing the Execution of an Agreement with Regard to a Transit Service Expansion Plan for the City of Lakeville. The allocation of the State -aid for maintenance will accordingly reduce the amount of funds available for road construction. The construction allotment must be used for the construction or the reconstruction of the City's Municipal State Aid street system to established standards. Cities receive their construction allotment only after a contract has been awarded for the construction of a street on the State -Aid system. Cities do not receive any interest on unspent construction allotments. The Municipal State Aid rules allow cities, subject to MnDOT approval, to request advanced funding for Municipal State Aid eligible projects from any Municipal State Aid funds available, provided that the amount of the advances do not exceed the City's total estimated apportionment for the three years following the advance. It is unknown at this time, whether there are any funds available for advance encumbrances; however, the City staff will endeavor to advance encumbered funds whenever reasonably possible. A city may issue Municipal State Aid bonds to finance construction of their State Aid system; however, the average annual amount of principal and interest due in any subsequent calendar year on bonds sold by the City, including any similar outstanding obligations, cannot exceed 90% of their last annual construction allotment preceding the bond issue. The Municipal State Aid rules allow cities, subject to MnDOT approval, to request advanced funding for Municipal State Aid eligible projects from any Municipal State Aid funds available, provided that the amount of the advances do not exceed the City's total estimated apportionment for the three years following the advance. The City has received an advance on its future allotments to finance the City share of cost of constructing county roads in 2008. The City staff will endeavor to advance encumbered funds whenever reasonably possible; however, it is not anticipated that MnDOT will grant advanced encumbrances to the City of Lakeville in the foreseeable future. 63 Special Assessments The City Street Reconstruction Assessment Policy approved in November of 2006 states that the City will be responsible for financing 60% of street reconstruction projects with the property owner being assessed for the remaining 40 %. The city will finance the project costs with the issuance of General Obligation (Special Assessment) Bonds. The City share of cost is financed with property tax levies. Tax Levies Pavement Management. The pavement management program provides for the annual maintenance of City streets including the seal coating, patching, crack sealing and overlays. Seal coating, patching and crack sealing are financed with property taxes collected and accounted for in the Pavement Management Fund. Residential streets which are no longer cost effective to maintain need to be reclaimed and paved. The City's Street Reconstruction Assessment Policy approved in November of 2006 provides that the City will finance 60% of the cost of the street reconstruction projects with the property owner being specially assessed for 40% of the cost. The recent Pavement Management Report indicates that there are a number of streets constructed prior to 1992 that will need to be reclaimed in the next 10 years. The City Council has placed a priority on tax stability and gradual tax increases. In order to accomplish that objective, term (years) of debt for street reconstruction projects will be structured such that the resultant debt service tax levy, when combined with the pavement management tax levy provides overall tax stability. Total Annual Debt Term Debt Year Issue (Years) Service 2011 $ 1,503,717 3 $ 568,955 2012 $ 3,220,020 20 $ 248,781 2013 $ 2,948,315 10 $ 381,676 2014 $ 3,285,236 7 $ 574,719 2015 $ 2,524,634 8 $ 393,727 64 The net tax levy is as follows: Tax levy Maintenance Debt Increase/ Year & overlays Repayment Total (decrease 2011 1,546,958 1,521,958 290,364 2012 1,198,487 568,955 1,742,442 220,484 2013 1,254,477 817,737 2,047,214 304,771 2014 1,189,419 1,199,412 2,363,831 316,618 2015 1,499,069 1,205,177 2,679,247 315,415 The tax levy for existing and proposed capital improvements is as follows: Tax Levies for Capital Improvements 2011 2012 2013 2014 2015 Pavement Management 1,546,958 1,198,487 1,254,477 1,189,419 1,499,069 Improvement Bonds - NEW ISSUES 568,955 817,737 1,199,412 1,205,177 Voter Approved - Park Bonds Park Bonds - 1986 424,744 416,531 417,722 350,418 - Park Bonds - 2011 103,750 171,054 521,472 Public Facilities Arts Center 51,601 51,601 51,601 Trail Improvement Fund 51,601 51,601 Capital Improvement Bonds 2004 - CMF 857,757 883,000 911,135 937,690 971,674 Ice Arena Lease Revenue Bonds - 2007 275,070 281,033 284,070 289,289 296,583 Capital Improvement Bonds 2007 - Police 908,488 961,196 986,834 983,776 985,099 Public Improvements Improvement Bonds (Kenrick Extension) 191,248 191,248 191,248 191,248 Improvement Refunding Bonds - 2009 B 325,775 316,381 315,665 307,042 308,442 Street Reconstruction Bonds 2003 A 1,024,730 1,027,791 1,042,571 1,044,525 1,056,819 Street Reconstruction Bonds 2005 181,428 182,039 182,477 182,809 183,037 Street Reconstruction Bonds 2007 229,707 231,044 232,196 233,166 210,683 Street Reconstruction Bonds 2009A 354,583 357,770 360,017 356,240 357,292 Total Tax Levy $ 6,180,841 $ 6,667,076 $ 7,151,500 $ 7,487,689 $ 7,838,196 Property tax levies for capital improvements will remain relatively unchanged for 2011. However, taxes are projected to increase in 2012 because of the pavement management program and the Kenrick Avenue project from 175 to 183 Street. Taxes are projected to increase in 2013 - 2015 primarily due to the pavement management and street reconstruction program. The tax levy projects do not take into consideration levies for operations or equipment replacement. 65 User fees The Water Trunk Fund which is responsible for approximately $1.2 million of annual debt service payments for the water treatment facility. The primary revenue source is connection charges at the time building permits are issued. The economic recession has resulted in a decrease in revenues to the extent that there are insufficient revenues to meet debt service payments. The Capital Improvement Plan contemplates transfers from the Water Operating Fund to the Water Trunk Fund in the next five years in order to meet the debt obligations. The Sanitary Sewer operating fund will have approximately $1.3 million of major maintenance projects. The Sanitary Sewer rates are sufficient to finance the capital costs. 66 Financial Position Capital Project Funds Capital Project Funds account for financial resources appropriated to the acquisition of capital facilities and equipment, except those financed by Enterprise Funds. Municipal State Aid Fund This fund accounts for an annual allotment from the State of Minnesota Municipal State Aid Street Construction account. The proposed projects have no direct impact on the operating budget. Pavement Management Fund Capital Project Funds The Pavement Management Fund's primary purpose is to account for pavement management activities relating to cracksealing, patching, seal coating and overlays. These major maintenance projects are financed with property taxes. The fund balance provides the working capital until such time as the receipt of its primary revenue source — property taxes. The fund balance is 40% to 50% of the expenditures. Accounting for pavement management activities in a designated fund enables the City Council to establish a relatively stable tax levy. The fund activities account for maintenance costs which would otherwise be accounted for in the operating budget. The Pavement Management Fund enables the City to establish a long -term maintenance program and financing plan which when taken into consideration with the street reconstruction program, enables the City to develop a consistent long -term fmancing plan for one of the communities most significant infrastructure assets. Improvement Construction Fund The Improvement Construction Fund accounts for the construction of certain public improvements, such as streets, storm sewers, water and sanitary sewer trunk lines. Construction contracts involve multiple financing resources from the City and other government entities and usually extend over several years before completion. Appropriations are provided in the 2011 proposed budget for street reconstruction projects ($2.675 million), Kenrick Avenue from 175 to 183 ($2.575 million) and the City share of cost for the County Road 50/60 roundabout ($135,000). The 2012 estimated budget provides for street reconstruction projects ($5.365 million), Kenrick and the City share of cost for the County Road 50/60 roundabout ($225,000). The street reconstruction and Kenrick Avenue projects will be financed with the issuance of debt. The proposed improvement program for the coming years will increase the street infrastructure system by approximately one lane mile. The General Fund budget provides for one full time maintenance position in the fall of 2012 which will be available 68 for snow plowing and other maintenance tasks for the new roads and other infrastructure expansions. Building Fund Capital Project Funds The Building Fund accounts for the accumulation and disbursement of funds for the construction or improvement of public buildings. The primary revenue source is sale of assets. The City has invested in energy efficient systems at the Police Station, Central Maintenance Facility and the Arts Center. The result has been lower gas, electric and maintenance costs. The proposed 2011 budget includes financing for cost effective energy system improvements at City Hall, Central Maintenance Facility and fire stations. The budget also includes remodeling of the fire department administrative offices to improve operational efficiencies. The proposed infrastructure improvements will have a favorable financial impact on the operating budget by reducing energy and maintenance costs for City Hall, Fire Stations and the Central Maintenance Facility. The improvements for the fire administration offices will not have an impact on the operating budget but will result in improved productivity. Park Dedication Fund The Park Dedication Fund accounts for park development fees received from land developers. The expenditures consist of acquiring and developing City parks and trails. The proposed improvements for 2011 and 2012 are anticipated to have nominal impact on the operating budget. Trail Improvement Fund The Trail Improvement Fund accounts for the long term maintenance, repairs and replacement of the City Trails. The primary revenue source is a transfer from the General Fund. The proposed improvements for 2011 and 2012 are anticipated to have nominal impact on the operating budget. 69 Storm Sewer Fund This fund accounts for fees and area charges to land developers for construction of trunk storm sewer systems. The proposed improvements for 2011 and 2012 are anticipated to have nominal impact on the operating budget. Water Fund Capital Project Funds The Water Fund accounts for revenues derived primarily from connection charges collected at the time building permits are issued and from antenna site leases with wireless communications companies. Funds are appropriated towards the construction costs of water supply lines, wells and water storage facilities, and provide the debt service to bonds issued to finance the construction of the City's water treatment facility and other trunk infrastructure improvements. The proposed improvements for 2011 -2012 are anticipated to have nominal impact on the operating budget. Sanitary Sewer Fund The Sanitary Sewer Fund accounts for sewer connection and area fees charged to land developers for connecting to the City's sanitary sewer system. Appropriations are applied to the construction of sanitary sewer trunk systems. The proposed improvements are anticipated to have nominal impact on the operating budget. 70 Revenues Sale of land - Life Time Fitness 825,000 Interest on Investments 3,675 1,000 2,000 3,500 3,500 Other 12,000 300,000 - - Total Revenues $ 15,675 $ 301,000 $ 2,000 $ 828,500 $ 3,500 Expenditures City of Lakeville, Minnesota Capital Improvement Plan 2011 - 2015 Building Fund Arts Center Hot Water Heaters 2,200 Central Maintenance Facility Wall, Floor Tile Maintenance 11,000 TGML Vista Graphic Pages 4,200 Radiant Heat Panels 19,000 Controls for Infrared Heaters 5,200 Controls Turn Off Hot Water Heaters 1,500 PreCast Walls 9,000 Drywall Boxes 8,000 Hot water boilers 12,000 Reinsulate lines 3,000 City Hall Heating ventilation and air condition system 135,000 Carpet replacement 25,000 Skylights Maintenance 16,256 Electronic controls and engineering 50,200 Fire Facilities Fire Station #1 - TGML Vista Graphic Pages 1,700 Fire Station #1 - Replace Duct Unit Heaters Fire Station #2 - Furnace Replacement 20,000 Fire Station #3 - Hot Water Heater Replacement 3,000 Fire Administration offices 190,000 Fire Station #1 - Hot Water Heater Replacement ABLE Fire Training Site Fire Station #4 - Floor resurfacing 6,731 2011 2012 2013 2014 2015 71 9,600 Police Station TGML Vista Graphic Pages 7,000 Industrial ShopVac 2,000 Shooting Range 300,000 Senior Center Roof and HVAC 435,000 3,200 120,000 Historical Society Zone Pumps and boiler 23,000 Compressor Condenser /air handling unit 8,000 Total capital improvements $ 531,987 $ 767,600 $ 3,200 $ 120,000 $ 8,000 Net Increase (Decrease) $ (516,312) $ (466,600) $ (1,200) $ 708,500 $ (4,500) Fund Balance, January 1 1,255,514 739,202 272,602 271,402 979,902 Fund Balance, December 31 $ 739,202 $ 272,602 $ 271,402 $ 979,902 $ 975,402 Revenues Park Development Fees Escrows Valley Park antenna Lifetime Fitness Interest on investment Total Revenues Expenditures General Items Planning & Design - General Signage Program (system -wide) STS, TreeTrust, Eagle Scout project mat'l STS Labor TreeTrust (labor) Tree Planting (system -wide) Picnic Tables (new) Taxes (property acquisitions) Developers Credit Other Park Construction Fieldstone Creek Park Stoneborough Park Trail Construction Dodd - 208th to CSAH 50 Dodd - 185th to North of 195th (west side) 185th - Jamaica to Ipava (north side) Dodd: Hwy 50 - Itea Mai or Construction Beres Cabin at Ritter - Upgrades Quigley Sime (parking lot) King Park: Pave parking lot Irrigate Fields #'s 1 &2 Infield relocation Field #1 New Playground Total Capital Improvements Net Increase /(Decrease) Fund Balance, Jan 1 Fund Balance, Dec 31 City of Lakeville, Minnesota Capital Improvement Plan 2011 - 2015 Park Dedication Fund Proposed Proposed Proposed 2011 2012 2013 474,700 1,026,330 1,263,680 1,302,145 9,948 18,500 18,500 18,500 18,500 3,000 4,350 10,000 11,000 $ 496,200 $ 1,049,180 $ 1,302,128 $ 1,331,645 5,000 $ 5,000 $ 10,000 5,000 5,000 10,000 5,000 5,000 10,000 18,000 18,000 20,000 2,000 3,000 5,000 5,000 10,000 15,000 2,000 2,000 2,000 2,000 2,000 4,000 50,000 80,000 90,000 290,000 80,000 $ 384,000 $ 198,075 $ 760,438 $ 622,980 $ 244,000 $ 112,200 $ 851,105 $ 541,690 $ 708,665 $ 1,346,295 695,970 808,170 1,659,275 2,200,965 2,909,630 $ 808,170 $ 1,659,275 $ 2,200,965 $ 2,909,630 $ 4,255,925 72 68,075 90,425 23,013 380,000 65,000 36,000 Proposed 2014 $ 20,000 10,000 10,000 20,000 5,000 20,000 5,000 4,000 150,000 93,980 35,000 170,000 Proposed 2015 1,559,795 18,500 12,000 $ 1,590,295 $ 20,000 10,000 10,000 20,000 5,000 20,000 5,000 4,000 150,000 City of Lakeville, Minnesota Capital Improvement Plan 2011 - 2015 Park Bond Issue Proposed Proposed Proposed Proposed Proposed 2011 2012 2013 2014 2015 Revenues Park Bonds 2,075,000 Other - - Total Revenues $ $ 2,075,000 $ $ $ Expenditures Senior Center /historical society 1,400,000 Playground Upgrades Bracketts 45,000 Hypointe Crossing 45,000 Jensen 45,000 Oak Shores 50,000 Cherryview 65,000 Dodd Trail 60,000 Highview Heights 65,000 Independence 60,000 North Park 120,000 Dodd Pointe 55,000 Orchard Lake Beach 65,000 Total Capital Improvements $ $ 1,675,000 $ 400,000 $ $ Net Increase /(Decrease) $ - $ 400,000 $ (400,000) $ $ Fund Balance, Jan 1 - 400,000 Fund Balance, Dec 31 $ $ 400,000 $ - $ $ 73 City of Lakeville Capital Improvement Plan 2011 - 2015 Park Trails Improvement Fund 2011 2012 2013 2014 2015 Revenues Tax Levy - - 51,601 51,601 Interest on Investments 12,000 10,000 5,000 500 - Total Revenues $ 12,000 $ 10,000 $ 5,000 $ 52,101 $ 51,601 Expenditures Trail sealcoating 60,443 58,028 101,985 77,306 76,324 S side 165th - Kenrick to Illinois Ave (excluding Jonquil- 99,443 Joplin) N side 165th - Illinois Ave to Kenrick 100,353 I -35 Fishing Bridge - parking lot to fishing dock 7,650 202nd St. - S side: Hamburg Avenue W 205 St 3,485 Antlers Park/ /Bunker Hill //Dakotak Hts 101,830 Forest St. to 175th St. 3,995 Foxborough Park Trails 33,745 From 202nd St. - 500 Ft S to Upper 205th St. (8' section) 24,395 From 202nd St. - S 500 Ft (10' section) 8,500 From Italy Avenue to Jaguar Avenue 9,690 From Jade Lane to Jewel Path 42,160 Independence Court - 200 Ft N to "T" 17,085 intersection / /Keokuk to 178th Street Lakeview Elementary - Jacquard Avenue E to trail 22,185 intersection Marion Fields - 207th St. & Independence W to trail 27,115 behind Islandview Circle Marion Fields - Dodd Blvd W to 207th St. (portion 31,977 overlaid 2005) Oak Shores Park/ /Parkview Park//Rolling Oaks 130,543 Sleepy Hollow Park/Nalley Lake Park 59,908 165th St. - both sides: E of Ipava to Highview Ave 193,970 172nd St. - S side: Highview Avenue W to bollard 28,560 175th St. - both sides: Ipava Avenue to Highview Ave 168,725 Total capital improvements $ 159,886 $ 158,381 $ 626,248 $ 468,561 $ 76,324 Net Increase (Decrease) $ (147,886) $ (148,381) $ (621,248) $ (416,460) $ (24,723) Fund Balance, January 1 1,400,000 1,252,114 1,103,733 482,485 66,025 Fund Balance, December 31 $ 1,252,114 $ 1,103,733 $ 482,485 $ 66,025 $ 41,302 74 Revenues Interest on Investments Taxes Expenditures Crack Seal Patching Seal Coat Pavement Management Analysis Overlays: Minor Overlays: Collector Roads Ipava: 175th - 185th 165th: Ipava - Kenrick 175th: Highview - Dodd Blvd 170th St: E of Pilot Knob Flagstaff: 174th - 180th Kenrick: Maple Island Rd - 175th Kenrick: 185th - 205th 205th: Dodd - Credit River Holyoke /210th Fire Station #3 Park parking lots Other Total capital improvements Net Increase (Decrease) Fund Balance, January 1 Fund Balance, December 31 City of Lakeville, Minnesota Capital Improvement Plan 2011 - 2015 Pavement Management Fund Projected 2011 $ 100,000 $ 230,000 670,000 25,000 201,000 320,958 29,700 32,800 36,728 75 Projected 2012 $ 3,500 $ 3,500 $ 3,500 $ 3,500 $ 3,500 $ 1,546,958 $ 1,198,487 $ 1,254,477 $ 1,189,419 $ 1,499,070 104,000 $ 239,200 208,000 25,000 209,800 200,332 84,989 127,166 41,146 Projected 2013 108,160 $ 248,768 216,320 25,000 217,832 438,397 Projected 2014 112,486 $ 258,719 224,973 25,000 226,105 342,136 Projected 2015 116,986 269,068 233,972 25,000 235,629 618,415 $ 1,646,186 $ 1,239,633 $ 1,254,477 $ 1,189,419 $ 1,499,070 $ (95,728) $ (37,646) $ 3,500 $ 3,500 $ 3,500 763,501 667,773 630,127 633,627 637,127 $ 667,773 $ 630,127 $ 633,627 $ 637,127 $ 640,627 Revenues City of Lakeville, Minnesota Capital Improvement Plan 2011 - 2015 Sanitary Sewer Trunk Fund 2011 2012 2013 2014 2015 Sanitary Sewer Connection Fees $ 127,875 $ 170,500 $ 197,625 $ 213,125 $ 220,875 Special assessments 7,000 7,000 7,000 7,000 7,000 Investment Income 22,679 22,593 21,740 22,301 22,704 Total Revenues $ 157,554 $ 200,093 $ 226,365 $ 242,426 $ 250,579 Expenditures Trunk oversizing upstream of ML07 5,000 Trunk oversizing SC135 to SC134 67,500 Trunk oversizing NC 127a to NC 127 102,000 Trunk oversizing NCO5 to NC06 66,000 Trunk oversizing NC127a to NC127b 85,000 Trunk oversizing SC22 to SC20 22,500 Trunk oversizing SC12 to SC12a 27,000 Trunk oversizing NC129 to NC127b 67,500 Trunk oversizing SC22 to SC22a 17,000 Trunk oversizing SC43 to SC44 21,000 Trunk oversizing LS24 to NC129 190,000 Trunk oversizing Upstream of NC74 10,000 Trunk oversizing NC132 to NC129 40,500 Trunk oversizing SC44 to SC43 10,000 Sanitary Sewer Reconstruction (near McGuire Jr High) Trunk Oversizing 91,200 260,200 Total Expenditures $ 72,500 $ 302,500 $ 295,500 $ 60,500 $ 351,400 Net Increase (Decrease) $ 85,054 $ (102,407) $ (69,135) $ 181,926 $ (100,821) Fund Balance, January 1 2,236,742 2,321,796 2,219,389 2,150,254 2,332,179 Fund Balance, December 31 $ 2,321,796 $ 2,219,389 $ 2,150,254 $ 2,332,179 $ 2,231,359 76 Revenues Total Revenues G.O. Special Assessment Bonds Street Reconstruction Program Pledged with taxes Pledged with special assessments Total Bonds for pavement program Kenrick Avenue extension Total Special Assessment Bond Issue Expenditures Roundabout: CR 60/50 Street Reconstruction program Construction Other City of Lakeville, Minnesota Capital Improvement Plan 2011 - 2015 Improvement Construction Fund 2011 2,350 2012 2013 1,250 350 1,503,717 $ 3,220,020 $ 2,948,315 $ 3,285,236 $ 2,524,634 1,171,283 $ 2,144,980 $ 1,966,685 $ 2,189,764 $ 1,680,366 2,675,000 $ 5,365,000 $ 4,915,000 $ 5,475,000 $ 4,205,000 2,575,000 $ - $ - $ - $ 5,250,000 $ 5,365,000 $ 4,915,000 $ 5,475,000 $ 4,205,000 135,000 225,000 180,000 4,055,847 1,419,153 Total pavement management 5,475,000 Kenrick Avenue extension $ 2,575,000 $ $ - $ - Total capital improvements $ 5,385,000 $ 5,590,000 $ 5,095,000 $ 5,475,000 Net Increase (Decrease) $ (135,000) $ (225,000) $ (180,000) $ - Fund Balance, January 1 612,127 477,127 252,127 72,127 72,127 Fund Balance, December 31 $ 477,127 $ 252,127 $ 72,127 $ 72,127 $ 72,127 2,024,441 3,975,334 3,639,895 650,559 1,389,666 1,275,105 2,810,000 5,590,000 5,095,000 77 2014 350 2015 350 3,116,832 1,088,168 4,205,000 $ $ 4,205,000 Revenues Intergovernmental revenue - MSA Interest on Investments Total Revenues City of Lakeville, Minnesota Capital Improvement Plan 2011 - 2015 Municipal State Aid Fund Expenditures Overlays: Collector Roads Griffon Trail: Harwell Avenue - Cedar Ave. 165th St.: Ipava Ave - Highview Ave. Ipava: 162nd - 165th 85,282 Kenrick Ave: 205th - 210th Street Cedar Avenue 3rd Lane - 161st to 179th St 70,000 Dodd Boulevard: Hayes Ave - Cedar Ave. 120,000 Dodd Blvd.: 183rd - Hayes 1,154,600 Projected Projected Projected Projected Projected 2011 2012 2013 2014 2015 $ 393,700 $ 8,575 $ 7,000 $ 5,200 $ 2,400 $ 2,400 $ 8,575 $ 7,000 $ 398,900 $ 2,400 $ 2,400 78 393,700 558,000 Total capital improvements $ 275,282 $ 1,154,600 $ 393,700 $ 558,000 $ Net Increase (Decrease) $ (266,707) $ (1,147,600) $ 5,200 $ (555,600) $ 2,400 Fund Balance, January 1 2,003,684 1,736,977 589,377 594,577 38,977 Fund Balance, December 31 $ 1,736,977 $ 589,377 $ 594,577 $ 38,977 $ 41,377 City of Lakeville, Minnesota Capital Improvement Plan 2011 - 2015 Storm Sewer Trunk Fund 2011 2012 2013 2014 2015 Revenues Storm Sewer Area Charges $ 293,082 $ 684,596 $ 831,137 $ 880,354 $ 953,624 Special Assessments 15,000 15,000 15,000 15,000 15,000 Tax increment - DHY 57,600 59,900 61,900 63,600 Interest on Investments 300 700 1,550 3,750 5,800 Total Revenues $ 365,982 $ 760,196 $ 909,587 $ 962,704 $ 974,424 Expenditures Miscellaneous Developer Credits 146,541 342,298 415,569 440,177 476,812 Total capital improvements $ 146,541 $ 342,298 $ 415,569 $ 440,177 $ 476,812 Bond Repayment 2007 B Refunding Bonds $ 250,000 $ 250,000 $ 250,000 2000 A Improvement Bonds $ 81,000 $ 81,000 $ 81,000 $ 81,000 $ 81,000 Total Bond Repayment $ 331,000 $ 331,000 $ 331,000 $ 81,000 $ 81,000 Total Expenditures $ 477,541 $ 673,298 $ 746,569 $ 521,177 $ 557,812 Net Increase (Decrease) $ (111,559) $ 86,898 $ 163,019 $ 441,527 $ 416,612 Fund Balance, January 1 220,946 109,387 196,285 359,304 800,831 Fund Balance, December 31 $ 109,387 $ 196,285 $ 359,304 $ 800,831 $ 1,217,443 79 Revenues Water Connection Fee Special Assessments Antenna Rental - Fairfield Transfer from Water Operating Fund Investment Income Total Revenues Expenditures Well #20 Construction Trunk water main extensions Total capital improvements Bond Repayment 2004 B Water Revenue Refunding Bonds 2007 B (96B) Refunding Bonds 2000 A Improvement Bonds Total Bond Repayment Total Expenditures Net Increase (Decrease) Fund Balance, January 1 Fund Balance, December 31 City of Lakeville, Minnesota Capital Improvement Plan 2011 - 2015 Water Trunk Fund 2011 216,500 2012 $ 643,500 $ 819,000 5,000 5,000 199,955 201,954 1,200,000 400,000 (2,901) 1,110 $2,045,554 $ 1,427,064 227,400 $ 227,400 $ 216,500 $1,291,900 $ 22,093 114,000 $1,427,993 $ $1,644,493 $ $ 401,061 $ (290,082) $ 110,979 1,037,800 $ 22,093 114,000 1,173,893 $ 1,401,293 $ 25,771 $ 110,979 80 2013 $ 955,500 5,000 203,974 800,000 867 $ 1,965,341 2014 $ 136,750 $ 111,098 2015 $ 1,014,000 $ 1,053,000 5,000 5,000 206,014 208,074 100,000 100,000 611 364 $ 1,325,625 $ 1,366,438 600,000 227,400 227,400 227,400 $ 827,400 $ 227,400 $ 227,400 1,027,500 $ 986,800 $ 1,019,800 22,093 22,093 22,093 114,000 114,000 114,000 1,163,593 $ 1,122,893 $ 1,155,893 1,990,993 $ 1,350,293 $ 1,383,293 (25,652) $ (24,668) $ (16,855) 136,750 111,098 86,429 $ 86,429 $ 69,574