City Council Meeting Date: December 1, 2020
To: Mayor and City Council
City Administrator
From: Brenda Angelstad, Finance Director
Dave Bennett, Public Works Director
Title
Consider Approving the 2021-2025 Capital Equipment Plan (CEP).
Body
Action Requested:
The Northfield City Council approves the attached resolution adopting the 2021-2025 Capital Equipment Plan (CEP).
Summary Report:
Attached is the Summary of the Capital Equipment Plan. The CEP is a planning tool the City uses to track larger pieces of equipment. The 2021 scheduled equipment replacement is included in the budget for each of the indicated funds. Some of the 2021 purchases will come back to Council for approval due to the purchasing and bid requirements set by our purchasing policy.
A full copy of the CEP organized by funding source is included as Attachment 2.
Financial Impacts:
The CEP is tied to the 2021 budget.
Tentative Timelines:
The CEP will preferably be passed in December to correspond with our 2021 budget.