HomeMy WebLinkAboutPacket - 08/11/1999 - City Council
A G E N D A
REGULAR CITY COUNCIL WORKSHOP MEETING
Wednesday, August 11, 1999 7:30 P.M.
Public Input Session - 10 Minute Limitation.
1. Consent Agenda:
Resolution Honoring Retiring Det. Sgt. George Erkenswick;
Picnic Permits;
July 28, 1999 Regular City Council Minutes;
As Needed Checks for Approval.
2. Discussion on Capital Projects
3. Executive Session: Personnel
4. Any and All Business that may properly come before the Council
Posted and Mailed: August 6, 1999
A G E N D A S U P P L E M E N T
TO: Mayor and City Council
FROM: John A. Lobaito, City Administrator
FOR: August 11, 1999 City Council Workshop Meeting
RE: Planning Meeting to discuss priorities of Capital Projects
To begin planning for some of the significant capital projects, it is necessary to
prioritize them. This is important for several reasons; (1) there are limited resources
available to the City to accomplish the capital projects at any given time; (2) Staff will
be able to focus their attention on the projects the City Council has collectively
defined as a priority; and (3) knowing the projects that will be started first and those
that will be started later will help plan the financing structure to complete the capital
projects.
Annually, there are many capital projects undertaken by the City. Most of these
projects are relatively inexpensive, and typically, do not require revenue from outside
the City’s organization to fund the project, but are paid from revenue of the City or
from fund balances.
For purposes of tonight’s meeting, I have limited the discussion to what I have
termed as “significant capital projects.” These are projects that will cost in excess of
$500,000, and will likely require funding from sources outside the City’s organization.
On the preceding pages, Staff has identified projects that fall within the definition of
significant. Please note these projects are what Staff has identified and should not be
construed to be a complete list.
There may be capital projects the City Council would want to discuss along with the
projects the Staff has compiled. This meeting should be an open discussion among
the City Council on the direction in which Staff should “steer the ship.”
mmg
August 11, 1999 City Council Workshop
Agenda Supplement
Page Two
I. Street Program
Project Cost: $500,000. Project would be completed over a 4-6 year period.
Possible Funding Sources:
1) Issuance of revenue bonds repaid by future MFT revenue.
2) Issuance of general obligation bonds repaid by taxpayers through
annual tax bill.
3) Continue to apply for federal funding through Council of Mayors for
qualifying streets.
Other: The City currently receives approximately $460,000 annually from
motor fuel tax. Revenue received from the state is estimated for fiscal
year 1999/2000 at $25.50 per capital, or approximately $490,000. With
the upcoming census, this amount will increase over $500,000.
II. Recreation/Community Center
Project Cost: $8,000,000. $10,000,000 with indoor aquatic center.
Possible Funding Sources:
1) Issuance of general obligation bonds, repaid by taxpayers; requires
referendum.
2) Restructuring of the City’s debt and repay alternate general obligation
bonds from general revenue of the City.
3) Discontinue abating the 1990 bonds (Municipal Building, approximately
$325,000 annually). Use these proceeds to help retire the debt.
4) $750,000 Recreation Center fund balance.
III. Knox Park Renovations
Project Cost: $1,500,000
Possible Funding Sources:
1) General obligation bonds – repaid by taxpayers; requires referendum.
2) Combination of park donation funds and alternate general obligation
bonds repaid form general revenue of the City.
August 11, 1999 City Council Workshop
Agenda Supplement
Page Three
IV. Public Works Garage
Project Cost: $3,000,000. This cost includes a new fueling station.
Possible Funding Sources:
1) Issuance of general obligation bonds repaid by taxpayers; requires
referendum.
2) Telecommunication tax (maximum 5%). Approximate revenue $750,000
annually.
V. Drainage Improvements (Citywide)
Project Cost: ?
Possible Funding Sources:
1) Special Service Area.
2) General Revenue of the City and fund balances.
3) Telecommunication tax.
4) Increase cable franchise fee from 3% to 5%.
5) Earmark revenue from gravel mine – approximately $70,000 annually.
VI. Elevated Water Storage Tank
Project Cost: $1,000,000
Possible Funding Sources:
1) $1,500,000 – capital development fund balance
2) Issuance of revenue bonds repaid from a combination of capital
development fees and/or revenue of the water/sewer fund.
3) IEPA loans.
VII. Eastside Water Main Extension
Project Cost: $600,000
Possible Funding Sources:
1) $379,000 – annexation fund balance and $221,00 from water/sewer fund
balance.
2) $221,000 from water/sewer fund balance.
3) IEPA loans
August 11, 1999 City Council Workshop
Agenda Supplement
Page Four
VIII. CWWTP Expansion/Modifications
Project Cost: Land Acquisition: $1,000,000
Nitrification: ?
Possible Funding Sources:
1) Issuance of revenue bonds repaid from a combination of capital
development fees and/or revenue of the water/sewer fund.
2) $500,000 – State Grant
3) Combination of $379,000 annexation fund balance, revenue bonds and
fund balance from water/sewer fund ($750,000).
4) IEPA loans.
Other: When considering the projects attributable to the water/sewer fund
and capital development fund, the city council may wish to discuss
combining the projects into one bond issue. Repayment of the bonds
could come from a combination of sources. It may be wise to keep
our fund balance of approximately $1.5 million in the capital
development fund since we do not have an estimate on the cost
meeting the new standard of nitrification at the CWWTP.
Shamrock Lane/Route 31 Traffic Signal
This project is well underway and not part of the capital project discussion. However,
the city council should discuss the method of funding. The last discussion by the
Finance Committee was to pay approximately $220,000 as a public benefit and the
balance to be paid by a combination of state grant ($150,000), other ($60,000), and
approximately $220,000 from Special Service Area. The City Council may consider
bonding for the full amount of the project and reserving the public benefit amount
($220,000) for other purposes. Additional materials will be distributed Monday on
this issue.
mmg
C O N S E N T A G E N D A
The Consent Agenda for the August 11, 1999 City Council Workshop Meeting
consists of the following items:
Resolution Honoring Retiring Det. Sgt. George Erkenswick;
Picnic Permits;
July 28, 1999 Regular City Council Minutes;
As Needed Checks for Approval.
Attachments