To: Honorable Mayor and Members of Town Council
From: David L. Corliss, Town Manager
Trish Muller, Finance Director
Title
Resolution Approving the 2018 to 2022 Five-Year Capital Improvement Program
Body
________________________________________________________________________________
Executive Summary
The Town’s Five-Year Capital Improvement Program (CIP) for the years 2018 to 2022 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, 2018, corresponds with the projects and department budgets included in the 2018 Budget. Future years, 2019 through 2022, 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 is based on the 2018 impact fee schedule previously adopted by Town Council. Any adjustments to impact fee amounts will be reflected in future budget planning.
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
While there are many projects occurring in 2018, the CIP has some significant items of note that merit Council’s attention due to their impacts on the 2018 budget such as:
• $19,696,205 for Plum Creek Water Reclamation Authority projects
• $18,609,762 for Plum Creek water diversion structure and well fields
• $17,683,174 for expansion of the Plum Creek Water Purification Facility
• $5,555,300 for construction of water pipelines and pump stations
• $4,264,200 for improvements at Highway 86 and Allen Way
• $3,997,500 for expansion of the Service Center facility
• $3,660,768 for street reconstruction projects including Deckers Street, Tabor Drive, Lantern Trail, and Wagon Wheel
• $3,522,614 for all new and replaced vehicles and equipment
• $3,460,000 for improvements at Highway 86 and Crowfoot Valley
• $3,025,000 for rehabilitation or replacement of existing Town wells
• $2,976,667 for the alternative source of supply water project
• $2,467,000 for Meadows Parkway reconstruction
• $2,000,000 for extending the East Plum Creek Trail
• $2,000,000 for construction of a new neighborhood park
• $1,255,416 for stream stabilization
• $1,119,813 for a roundabout at Plum Creek and Wolfensberger
Other significant future projects currently included in the proposed Five-Year Capital Improvement Program in years 2019 and 2020 include:
• $19,796,212 in 2019 and $3,471,219 in 2020 for Plum Creek Water Reclamation Authority projects
• $4,224,000 for street reconstruction projects including Butterfield Crossing in 2019 and $1,740,000 in 2020 for street reconstruction work on Meadows Boulevard from Meadows Parkway to North Meadows Drive
• $3,897,330 in 2019 for Stream Stabilization projects in the Stormwater Fund
• $3,550,609 for construction of a water tank to serve Liberty Village/Cobblestone Ranch in 2020
• $3,100,000 for infrastructure improvements in the Craig and Gould Neighborhood in 2019 including pavement, curb, gutter, and sidewalk reconstruction
• $2,676,667 in 2019 and 2020 for Alternative Source of Supply project
• $2,656,227 in 2019 and $2,833,977 in 2020 for planned vehicle replacements and additions
• $2,467,500 for widening Plum Creek Parkway (East) in 2019 and $2,687,500 for widening Plum Creek Parkway (West) in 2020
• $1,651,375 in 2020 for water infrastructure improvements in the Craig and Gould neighborhood; design costs totaling $438,625 are planned for 2019
• $1,025,000 in 2019 and $3,025,000 in 2020 for rehabilitation or replacement of existing Town wells
Budget Impact
As shown in the 2018 Budget and 2018-2020 Three Year Balanced Financial Plan.
Staff Recommendation
Staff recommends that Council approve the 2018 to 2022 Five-Year CIP as presented.
Proposed Motion
“I move to approve a Resolution Approving the 2018 to 2022 Five-Year Capital Improvement Program.”
Attachments
Attachment A: Resolution
Exhibit 1: 2018 to 2022 Five-Year Capital Improvement Program