City Council Meeting Date: December 3, 2019
To: Mayor and City Council
City Administrator
From: Brenda Angelstad, Finance Director
Dave Bennett, Public Works Director
Title
Consider Adopting the 2020-2024 Capital Improvement Plan (CIP).
Body
Action Requested:
The Northfield City Council adopts the attached resolution approving the 2020-2024 Capital Improvement Plan.
Summary Report:
The Capital Improvement Plan has continued to be reviewed and revised since the initial budget work session in August. The CIP is a planning document, and future years may be modified as new projects and funding sources become available, or City goals change. The 2020 projects are for the most part, included in operating budgets across several City funds. The projects not included in the budget are large projects with outside funding sources (bonds). These will come back for project approval by City Council in 2020. Other projects and equipment may come back for Council approval even if they are in the budget, as we have purchasing and bid requirement policies in place that dictate when Council action is required. Adopting this CIP is giving staff direction to proceed with the 2020 project list.
A few changes to highlight from previous discussions on the CIP. The City has received grant funds for the roundabout at TH 246 and Jefferson Parkway for construction in 2020. The 2020 Mill and Overlay is also another large capital improvement project in 2020.
The enterprise fund such as Storm, Water, and Wastewater also have improvement projects planned for 2020, such as a new backup generator at Babcock Lift Station.
A summary of the CIP, organized by funding source, is included in the packet.
Financial Impacts:
The CIP is tied to the budget with financial costs included in the document.
Tentative Timelines:
Ideally the Capital Improvement Plan will be passed with the 2020 budget.