Castle Rock Banner
Share to Facebook Share to Twitter Bookmark and Share
File #: RES 2020-087    Version: 1 Name:
Type: Resolution Status: Passed
File created: 1/6/2020 In control: Town Council
On agenda: 9/15/2020 Final action: 9/15/2020
Title: Resolution Approving the 2021 to 2025 Five-Year Capital Improvement Program
Attachments: 1. Attachment A: Resolution, 2. Exhibit 1: 2021-2025 Capital Improvement Plan, 3. Presentation

To:                     Honorable Mayor and Members of Town Council

 

From:                     David L. Corliss, Town Manager

                     Trish Muller, CPA, Finance Director

 

Title

Resolution Approving the 2021 to 2025 Five-Year Capital Improvement Program

Body

________________________________________________________________________________

 

Executive Summary

 

The Town’s Five-Year Capital Improvement Program (CIP) for the years 2021 to 2025 is hereby submitted for consideration/adoption (Exhibit 1).

 

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, 2021, corresponds with the projects and department budgets included in the 2021 Budget. Future years, 2022 through 2025, show the state of current thinking and 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 use of the current impact fees as adopted with the 2018 impact fee study, which include the incorporation of inflationary indices. In addition, proposed changes to Castle Rock Water’s System Development Fee revenue have been incorporated for CIP planning as presented by Castle Rock Water within their 2020 rate and fee study. 

 

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 2021, the CIP has some significant items of note that merit Council’s attention due to their impacts on the 2021 Budget such as:

 

Enhance our Transportation

                     $3,023,807 for the purchase of 39 scheduled replacement vehicles

                     $2,600,000 for Crystal Valley Parkway Interchange

                     $1,500,000 for 5th street widening design

 

Secure our Water Future

                     $7,128,092 for drainage way stabilization work on Plum Creek and Cherry Creek

                     $6,780,000 for construction of Castle Rock Reservoir number 2

                     $4,374,912 for construction of the Castle Rock Water Administration and Customer Service Building

                     $3,850,000 for a Liberty Village Water Storage Tank

                     $2,012,075 to upgrade the Plum Creek Interceptor

                     $2,002,051 for PCWRA capital buy-in

                     $2,000,000 for WISE infrastructure

                     $2,500,000 for water well re-drills

                     $2,400,000 for sewer line repairs

                     $1,488,000 for SCADA improvements

 

Maintain Strong Parks and Recreation

                     $3,800,000 in park improvements at Bison, Butterfield, Mitchell Gulch, and Plum Creek Parks

 

Other significant future projects currently included in the proposed Five-Year Capital Improvement Program in years 2022-2025 throughout the Town include:

 

Enhance our Transportation

                     $12,800,000 in 2022 for the Crystal Valley Interchange

                     $11,495,292 in 2022-2025 for the purchase of replacement vehicles

                     $8,400,000 in 2023-2025 for Wolfensberger widening and roundabout

                     $6,000,000 in 2022 for construction of the Plum Creek widening and roundabout

                     $5,785,000 from 2023-2024 for Crowfoot Valley Road Widening

                     $5,000,000 in 2022 for Highway 86 and 5th Street improvements

                     $4,900,000 in 2023 and 2025 for the 5th Street widening project

                     $4,900,000 in 2024 for Ridge Road widening

                     $2,750,500 from 2022-2025 for the Traffic Signal Program

                     $2,222,000 in 2023 for the Crowfoot roundabout

 

Secure our Water Future

                     $20,608,616 from 2022-2025 for WISE infrastructure and agreements

                     $9,600,000 in 2023-2025 for sewer line repairs

                     $7,680,000 from 2024-2025 for capacity in Parker Water and Sanitation District’s Rueter-Hess Water Purification Facility

                     $6,780,000 in 2022 for continued work on Castle Rock Reservoir number 2

                     $6,050,000 from 2022-2025 in SCADA improvements

                     $5,500,000 from 2023-2024 for new wells and waterlines

                     $4,400,000 in 2024 for Castle Rock Reservoir number 1 expansion

                     $3,320,819 from 2022-2025 for drainage way stabilizations with Plum Creek and Cherry Creek

                     $2,500,000 in 2023 and 2025 for water well re-drills

                     $2,117,000 in 2023 for the Kinner Street bottleneck

                     $1,248,486 from 2022-2025 for watershed master plan updates

                     $1,242,884 from 2022-2025 for corrugated metal pipe rehabilitation

                     $1,200,000 from 2024-2025 for waterline rehabilitation/replacement

                     $1,100,000 in 2025 for a green zone water pumping upgrade

                     $1,075,000 in 2022 and 2024 for additional storage with the Chatfield Reallocation Project

                     $1,050,000 from 2023-2025 for construction of two Aquifer Storage and Recovery wells

                     $1,000,000 in 2022-2025 for distribution system upgrades

 

Maintain Strong Parks and Recreation

                     $6,382,450 from 2022-2025 for Trail improvements, which include the Front Range Trail extension

                     $4,950,000 in 2022 and 2023 for a future park design and construction

                     $2,500,000 in 2024 and 2025 for design and construction of a recreation center

                     $1,925,000 in 2022 and 2023 for park improvements

 

Ensure Outstanding Public Safety

                     $1,500,000 in 2024 for Fire Department radio replacements

 

Budget Impact

 

As shown in the 2021 Budget and 2021-2025 Five-Year Balanced Financial Plan

 

Staff Recommendation

 

Staff recommends that Council approve the 2021 to 2025 Five-Year CIP as presented.

 

Proposed Motion

 

I move to approve Resolution No. 2020-__, A Resolution Approving the 2021 to 2025 Five-Year Capital Improvement Program.

 

Attachments

 

Attachment A: Resolution

Exhibit 1: 2021 to 2025 Five-Year Capital Improvement Program