To: Honorable Mayor and Members of Town Council
From: Trish Muller, Finance Director
Title
Resolution Approving the 2017 to 2021 Five-Year Capital Improvement Program
Body
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Executive Summary
The Town’s Five-Year Capital Improvement Program (CIP) for the years 2017 to 2021 is hereby submitted for consideration/adoption.
The purpose of a Five-Year CIP is to comply with Charter requirements and to present planning for future capital improvement projects consistent with Town Council's established goals and priorities within projected available financial resources. The first year of the CIP, 2017, corresponds with the projects and department budgets included in the 2017 Budget. Future years, 2018 through 2021, show the state of current thinking, are intended to be a planning tool and do not constitute actual financial or project commitments by the Town. A Five-Year CIP is required to be adopted by Council each year by Resolution concurrent with the process of adopting the annual budget.
This updated Five-Year CIP information includes the incorporation of additional future revenue as a result of the changes to the Town’s Impact Fees. Revenue projected for the Transportation Impact Fees reflects an increase of about $521k in 2017 which is the result of the revised projections related to the adoption of the updated Impact Fees.
The Five-Year CIP is an important component of Town planning including the identification of and provision for potential future projects. All planning as shown in the Five-Year CIP is subject to both future Council approvals and availability of funds.
Discussion
The information included has been updated to reflect the Development Impact Fees which Council has discussed and preliminarily approved and anticipated uses of those funds within the Capital funds.
While there are many projects occurring in 2017, the CIP has some significant items of note that merit Council’s attention due to their impacts on the 2017 budget such as:
• $9,817,388 for Plum Creek Diversion and Well field
• $5,655,300 for Future Pipelines and Pump Stations
• $5,344,119 for all new and replaced vehicles and equipment, of which $1.49 million is planned for acquisition of apparatus for the Crystal Valley Ranch Fire Station
• $4,762,155 for construction of the Crystal Valley Ranch Fire Station
• $4,621,476 for Plum Creek Water Reclamation Authority Projects
• $3,500,000 for construction of a Parks & Facility Maintenance building
• $3,475,000 for Water Supply Wells
• $2,005,583 for Stream Stabilization projects
• $1,987,000 for Reconstruction of Meadows Parkway
• $1,338,500 for Reconstruction of Emerald Drive
• $1,000,000 for construction of a Roundabout at the 3rd and Perry Streets intersection
• $879,400 for Sewer Line Rehabilitation projects and Lift Station Upgrades
• $860,000 for improvements to the Traffic Signal System, including an upgrade and two new traffic signals
• $660,000 for Pumping and Distribution System Upgrades for the Water Fund
• $633,560 for WISE projects including purchase and modifications to existing infrastructure, new pipeline, and the purchase of up to an additional 175 acre feet of WISE water supplies
• $600,000 for a new Records Management System for the Fire Department
• $500,000 for the Aquifer Storage & Recovery Pilot Program
Other significant future projects currently included in the proposed Five-Year Capital Improvement Program in years 2018 and 2019 include:
• $10,804,689 in 2018 and $6,878,485 in 2019 to accommodate the addition of advanced treatment processes at the Plum Creek Water Purification Facility, giving the Town the ability to adequately treat additional Plum Creek surface water supplies
• $4,621,476 in 2018 and $3,217,636 in 2019 for Plum Creek Water Reclamation Authority projects in the Wastewater Fund
• $3,050,000 for street reconstruction projects including Deckers Street, Tabor Drive, Lantern Trail and Wagon Wheel in 2018 and $2,910,000 in 2019 for street reconstruction work primarily on Butterfield Crossing
• $3,708,000 in 2018 for improvements at Highway 86 and Allen Way, with design occurring in 2017
• $3,600,000 in 2018 to widen Ridge Road from Highway 86 to Plum Creek Parkway, with design occurring in 2017
• $3,184,400 in 2018 and $2,431,053 in 2019 for planned vehicle replacements; amount includes one addition to the Town fleet
• $3,165,000 in 2018 for improvements at Highway 86 and Fifth Street with design planned in 2017
• $2,776,667 in 2018 and $2,676,667 in 2019 for Alternative Source of Supply project
• $2,384,000 in 2018 for improvements at Highway 86 and Crowfoot Valley
• $2,005,583 in 2018 and $1,895,118 in 2019 for Stream Stabilization projects in the Stormwater Fund
• $1,980,000 for a planned expansion to the Public Works service center, with design planned in 2017
• $1,850,000 in 2018 for construction of the next neighborhood park, with design and public process to determine location occurring in 2017
• Funding is also being set aside within the Transportation Capital Fund for future expenditures on two high cost projects: 1) Crystal Valley Interchange, and 2) North Meadows Drive Widening. $500,000 per year is being set aside for the Crystal Valley Interchange, and $250,000 per year for North Meadows Drive Widening
Budget Impact
As shown in the 2017 Budget and 2017-2019 Three Year Balanced Financial Plan.
Staff Recommendation
Staff recommends that Council approve the 2017 to 2021 Five-Year CIP as presented.
Proposed Motion
“I move to approve a Resolution Approving the 2017 to 2021 Five-Year Capital Improvement Program.”
Attachments
Attachment A: Resolution
Exhibit 1: 2017 to 2021 Five-Year Capital Improvement Program