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10-27-14 WS Agenda CITY OF SHOREWOOD 5755 COUNTRY CLUB ROAD CITY COUNCIL WORK SESSION COUNCIL CHAMBERS MONDAY, OCTOBER 27, 2014 6:00 P.M. AGENDA 1. CONVENE CITY COUNCIL WORK SESSION A. Roll Call Mayor Zerby _____ Hotvet _____ Siakel _____ Sundberg _____ Woodruff _____ B. Review Agenda ATTACHMENTS 2. CAPITAL IMPROVEMENT PLAN DISCUSSION Finance Director’s memo 3. TRAIL FUNDING OPTIONS Administrator’s memo 4. ADJOURN U#2 MEETING TYPE City of Shorewood Council Meeting Item Work Session Title/ Subject: 2015 -2019 CIP Meeting Date: October 27, 2014 Prepared by: Bruce DeJong, Finance Director Reviewed by: Bill Joynes, City Administrator Larry Brown, Public Works Director Paul Hornby, City Engineer Attachments: CIP Projects by Funding Source Policy Consideration: How should the City of Shorewood prepare Capital Improvement Plans (CIP) for 2015 -2019? Background: City Council and Staff had a conversation regarding the CIP for 2015 -2019 on July 28. There are many challenges in regard to funding CIP projects as we continue to run into low cash balances in many of the funds for trails, parks, and equipment. This will necessitate raising property taxes, transfers from other sources available primarily in the enterprise funds from the Water or Sewer fund balances, or possibly bonding. The 2015 Budget does anticipate increased funding for the Equipment Replacement and Street Reconstruction funds. There are major changes to the CIP from the one adopted for 2014 -2018 in Equipment Replacement, Street Reconstruction, Trails, and Storm Water. The Equipment Replacement fund needs to have a more specialized trail plow. This piece of equipment costs about $150,000. The good news is that it can also be fitted with attachments for mowing. As a result, we can avoid replacing the Ford tractor ($54K) and the side and rear mower attachments ($30K) that were planned in 2015. This gets us over halfway to the cost of the new machine and there is some trade value left in the old equipment. In Street Reconstruction, staff has proposed reconstructing Strawberry Lane and a West 62nd Street in 2019 instead of the seal coat that was planned. This is coordinated with constructing a trail and improving storm sewer processes in that area. This is a major increase in cost. We have also added Eureka Road N to the Street Reconstruction plan. In response to the City Council deciding against an MSA funded project, something needs to be done on the road. Staff is proposing a reclamation which is preliminarily estimated at $260,000. The Storm Water improvements associated with Eureka Road N are still included in this preliminary analysis waiting on some direction from City Council. In Trails, we have updated the numbers for all trail segments based on recent history and bidding. The Galpin Lake Road and Smithtown East trails will likely cost significantly more than was anticipated a year ago. The Strawberry Lane trail is basically extended south from Smithtown Road and curves around W 62nd Street to Cathcart Park. By constructing the trail in conjunction with road work there is some savings but the trail portion is now estimated to cost $1,135,000 including storm water and right of way costs. The Stormwater Fund absorbs new costs for Strawberry Lane and W 62nd in the amount of $285,000. This will have to be accomplished in conjunction with other regional improvements in the area storm water management around Freeman Park and Shorewood Oaks area. The primary challenge in the Park Improvement Fund is deciding what to do in Badger Park. The current Badger Park plans are over $1,000,000 and staff and WSB are reviewing what can possibly be done to reduce the cost. Even with the more modest estimate of about $523,000 included in the 2014 -2015 CIP can't be funded from current resources. The Park Improvement Fund has about $213,000 in fund balance at year end 2013 - less about $15,000 of remaining project costs for 2014 projects. The modifications could also be staged over several years instead of one large project. That would not necessarily reduce the total cost, but the annual resources needed could be minimized. The Water Fund will postpone a couple of projects from 2014 to 2015. This is the result of the west water tower inspection. There was freeze damage that makes cleaning and repainting more difficult which will require more time than will be available this fall after the sprinkling season. This will also delay the radio /ISP project until 2015. Both projects are adequately funded and delaying a year doesn't pose any problem from the staff viewpoint. Financial or Budget Considerations: The challenge is to determine the most acceptable financing method for the projects the City Council wants to undertake. There are resources available to pay for many of the contemplated projects, but the timing of those projects and the specific funding is debatable since there is no one "right way" to cover these costs. The enterprise funds were reviewed to determine appropriate rates to cover all the costs associated with the operations. The Storm Water fund rates need to be increased but a determination of how much of the storm water work associated with trails is crucial to that process. The Sewer and Water funds have cash balances in excess of what is necessary for operations and much of that could be transferred out to other capital projects. The trail projects have been designed to State Aid (MSA) standards and part or all of the MSA construction allocations that the city receives could be allocated to trails. Eureka Road North was the only street project anticipated to use MSA funds, but the road could be reclaimed in its current configuration for significantly less than the amount required to meet MSA standards. This would potentially free up funds for the trail projects. There are no other MSA construction plans at this point. Options: The City Council is encouraged to discuss any capital project changes with staff. Recommendation / Action Requested: Staff recommends that the City Council determine which projects it wants to fund and how the costs should be allocated between funds in order to provide a reasonable estimate of any increased tax levy support prior to the adoption of the preliminary levy later this summer. Next Steps and Timelines: The City Administrator and Finance Director intend to continue discussions regarding capital and budget items through the Truth -in- Taxation hearing in December. Connection to Vision / Mission: Adopting a prudent capital plan contributes to sound financial management. City of Shorewood, Minnesota Capital Improvement Program 2015 thru 2019 PROJECTS BY FUNDING SOURCE Source Project# Priority 402 - Park Improvements Gideon Glen Signage & Parking Lot P0003 Freeman Plaza P0100 Freeman North Playground Equipment P0102 Freeman Parking Lot w/ MCWD P0103 Freeman Ball Field Lights P0104 Freeman - Waterline for Community Garden P0111 Cathcart Park - Resurface Tennis /Basketball Courts P0200 Cathcart Park Hockey Boards P0201 Cathcart Park Tot Lot P0202 Badger Park - Creek Crossing P0300 Badger Park Tennis Courts P0301 Badger Park Field Improvements P0302 Badger Park Parking & Road P0303 Badger Park Amenities P0304 Silverwood Park - Resurface 112 court P0500 Silverwood Park Equipment P0501 Silverwood Park Swing Set P0502 Skate Park Rehab P0600 402 - Park Improvements Total 10,000 403 - Equipment Replacement Fund 10,000 2 UTV - replace unit 34 034 Sweeper - replace unit 46 046 Flatbed - 4 x 2 Replace unit 49 049 Trailer 18' replace unit 59 059 Sand Pro 3000 - replace Unit 64 064 Dump Truck - replace unit 72 072 Pickup 44 - Replace Unit 78 078 Pickup - 350 44 replace unit 81 081 Mower - Replace Unit 86 086 Groundsmaster Mower replace unit 93 093 Boom Truck 100 Chipper 101 Trackless Trail Machine w/ Flail Mower 103 Cab for mower - replace A04 A04 Engine/Transmission Analysis Station A09 Replace Sander A10 Plow Blade & Snow Kit for Skid Steer All South Shore Community Center PF -11 -01 Public Works Building PF -12 -01 Computer Upgrades T -99 -99 2015 2016 2017 2018 2019 Total 5 15,000 15,000 5 5,000 5,000 4 55,000 55,000 5 50,000 50,000 5 75,000 75,000 4 8,000 8,000 1 6,500 7,000 13,500 3 40,000 40,000 5 50,000 50,000 3 10,000 10,000 2 8,000 8,000 16,000 n/a 170,000 170,000 2 178,000 178,000 2 157,000 157,000 2 2,000 2,500 4,500 3 60,000 60,000 3 14,000 14,000 3 75,000 75,000 546,500 115,000 113,000 202,500 19,000 996,000 5 5 4,000 5 44,000 5 2 5 170,000 3 5 42,000 4 5 5 5 1 150,000 4 n/a 3 3 7,500 20,000 15,000 13,000 38,000 28,000 28,000 84,000 45,000 7,500 4,500 14,000 n/a 2,500 43,000 41,000 n/a 81,000 1 10,000 10,000 10,000 10,000 10,000 20,000 4,000 44,000 15,000 13,000 170,000 38,000 42,000 28,000 28,000 84,000 45,000 150,000 7,500 4,500 14,000 7,500 86,500 81,000 50,000 Friday, October 24, 2014 Source Project# Priority 403 - Equipment Replacement Fund Total 404 Street Reconstruction Fund 1 Chaska Road LR -15 -01 Mayflower Road LR -15 -02 McKinley Court LR -15 -03 Murray Hill Road LR -15 -04 Star Circle & Lane LR -15 -05 Summit Avenue LR -15 -06 Amlee Road LR -16 -01 Garden Road LR -16 -02 Gillette Curve LR -16 -03 Manitou Lane LR -16 -04 McKinley Place N & S LR -16 -05 Shady Hills Circle LR -16 -06 Echo Road LR -17 -01 Howards Point Road LR -17 -02 Kathleen Court LR -17 -03 Oak Ridge Circle LR -17 -04 Riviera Lane LR -17 -05 Shorewood Lane LR -17 -06 Mann Lane LR -18 -01 Maple Street LR -18 -02 Bayswater Road LR -19 -01 Boulder Circle LR -19 -02 Christmas Lane W LR -19 -03 Lilac Lane LR -19 -05 Strawberry Lane & W 62nd LR -19 -06 Vine Street LR -19 -07 Eureka Road N LR -19 -08 Street Sign Replacement LR -99 -001 Maintenance - Bituminous Sealcoating LR -99 -100 404 - Street Reconstruction Fund Total 317,000 405 - MSA, Road Reconstruction Fund 65,000 Christmas Lake Rd Signal Refurbish MSA -1501 405 - MSA Road Reconstruction Fund 65,000 Total 51,000 j406 ,_ Trails Galpin Lake Rd Sidewalk T003 Smithtown from Co Rd 19 to Regional Trail T006 Strawberry Lane & W 62nd T007 Excelsior Blvd - Greenwood to Barrington T016 406 - Trails Total 180,000 601 - Water Fund Air Compressor- Replace unit 38 038 Utility Truck w /crane & toolbox replace unit 76 076 2015 2016 2017 2015 2019 Total 427,500 194,500 197,500 68,500 44,000 932,000 5 87,000 1,330,000 1 1,340,000 1,340,000 1 87,000 5 33,000 300,000 2,970,000 850,000 3,820,000 3 12,000 33,000 5 40,000 77,000 40,000 5 52,000 52,000 5 453,000 453,000 5 32,000 32,000 5 332,000 332,000 5 42,000 42,000 5 35,000 35,000 5 317,000 317,000 5 65,000 65,000 5 51,000 51,000 5 71,000 71,000 5 180,000 180,000 5 22,000 22,000 5 29,000 29,000 5 371,000 371,000 5 455,000 455,000 5 444,000 444,000 5 100,000 100,000 5 100,000 100,000 5 49,000 49,000 5 32,000 32,000 5 46,000 46,000 5 1,140,000 1,140, 000 5 33,000 33,000 5 260,000 260,000 2 6,900 7,200 7,500 7,800 8,100 37,500 1 228,000 245,000 184,000 238,000 305,000 1,200,000 931,900 1,094,200 1,319,500 789,800 1,973,100 6,108,500 n/a 8,000 8,000 8,000 8,000 1 1,330,000 1,330,000 1 1,340,000 1,340,000 1 850,000 850,000 1 300,000 300,000 2,970,000 850,000 3,820,000 3 12,000 12,000 5 77,000 77,000 Friday, October 24, 2014 Source Pro,iect# Priority 2015 2016 2017 2018 2019 Total Utility Vehicle - replace unit 77 077 4 27,000 27,000 Pick -up -4 x 4 150 Replace Unit 80 080 5 35,000 35,000 Radio /ISP Communications System W -10 -01 1 80,000 80,000 Water Main - Star Circle & Lane W -11 -02 n/a 130,000 130,000 W. Water Tower - Rehab & Painting W -13 -03 3 450,000 450,000 601 - Water Fund Total 784,000 27,000 811,000 1611 Sanitary Sewer Fund Sewer Jetter - replace unit 60 060 5 51,000 51,000 Lift Station 10 Rehab - 4773 Lakeway Terrace SS -15 -01 3 80,000 80,000 Lift Station 20 Rehab - 26550 Noble Road SS -16 -01 3 70,000 70,000 Lift Station 7 Rehab - 5600 Woodside Road SS -16 -02 3 80,000 80,000 Lift Station 18 Rehab - 4996 Shady Island Point SS -17 -01 3 10,000 10,000 Infiltration and Inflow Reduction SS -99 -05 1 70,000 70,000 70,000 70,000 70,000 350,000 611 - Sanitary Sewer Fund Total 150,000 271,000 80,000 70,000 70,000 641,000 631 - Stormwater Management Fund Galpin Lake Rd Trail Stormwater SS003 1 230,000 230,000 Smithtown Road Trail Stormwater SS006 1 285,000 285,000 Shorewood Lane Ditch STM -13 -01 4 172,500 172,500 Star Circle & Lane STM -15 -01 5 31,000 31,000 Grant Lorenz STM -15 -02 5 50,000 50,000 50,000 150,000 23350 Academy Drainage STM -15 -04 4 75,000 75,000 Garden Road STM -15 -05 4 26,000 26,000 Amlee Road STM -16 -01 4 78,000 78,000 Manitou Lane STM -16 -02 4 75,000 75,000 Riveria Lane STM -17 -01 4 87,000 87,000 Shorewood Lane STM -17 -02 4 99,000 99,000 Mann Lane STM -18 -01 4 105,000 105,000 Maple St STM -18 -02 4 24,000 24,000 Eureka Road N STM -19 -01 4 452,000 452,000 Strawberry & W 62nd STM -19 -02 4 283,000 283,000 631 - Stormwater Management Fund 869,500 203,000 236,000 129,000 735,000 2,172,500 Total GRAND TOTAL 6,687,400 1,904,700 1,946,000 1,259,800 3,691,100 15,489,000 Friday, October 24, 2014 #3 CITY OF SHOREWOOD  5755 Country Club Road Shorewood, Minnesota 55331 952-960-7900  Fax: 952-474-0128 www.ci.shorewood.mn.us cityhall@ci.shorewood.mn.us Date: October 27, 2014 To: Mayor and City Council From: Bill Joynes, City Administrator Re: Trail Funding Options We thought that with recent adjustments on the MCS Excelsior trail, our experience in this year’s bidding environment and the desire on the part of the Council to proceed with the Galpin, Smithtown East and Strawberry Lane trails, that it would be a good time for the City to discuss funding options for the near future. After last year’s retreat, the Council directed staff to proceed with three trails in 2015 and 2016. They were Excelsior, Galpin and Smithtown East. We provided a funding plan that used a variety of internal sources. As you are aware, the current bidding environment has greatly increased the costs of those projects beyond the capabilities of the plan. The Council has expressed a desire to proceed as soon as possible with the unfinished trail segments and staff has provided below a number of options or, combinations thereof, that will accomplish that in the 2015 / 2016 time frame. The recommendations are based on recent bidding experience and our assumption the bidding climate will remain the same for the next year or two. All of the options have tax consequences and a few have public input requirements. Holding the projects until the construction industry returns to a more normal state might be prudent but impossible to predict or guarantee. We are asking for Council direction so that we can finalize the 2015 Budget and prepare to initiate any of the options the Council might choose. MEMORANDUM Date: October 27, 2014 To: Mayor Zerby Council Members From: Bruce DeJong, Finance Director Re: Bonding Options for Trail Construction There are several options for financing the construction costs for trails along Galpin Lake Road, Excelsior Boulevard, Smithtown Road East, and Strawberry Lane. Each of the methods have advantages and drawbacks. This is not meant to be an exclusive list of financing options, but does highlight the most commonly used methods as allowed by Minnesota state law. GENERAL OBLIGATION BONDS These bonds are legally backed by the full faith and credit of the city, meaning the city has the power to use its taxing power, if necessary, to repay the debt. The disadvantage of GO bonds is that they require an affirmative vote from residents. These bonds do not have a maturity limit and may exceed 10 years for repayment. CAPITAL IMPROVEMENT BONDS Cities may issue capital improvement bonds for specific purposes. It is essential that cities follow statutory procedures (such as providing notice and a public hearing) when issuing this, or any, Type of bond. In this context, "capital improvement" means acquisition or betterment of public lands, buildings, or other improvements for the purpose of a city hall, town hail, library, public safety facility, and public works facility. The term "capital improvement' includes expenditures incurred by a city before approval of a capital improvement plan, in certain situations. An improvement must have an expected useful life of five years or more to qualify. Three -fifths, or three of five, members of a five - member governing body must vote to approve the bonds. In the case of a governing body having more or less than five members, at least two - thirds of the council must vote to approve them. These bonds are limited to a 10 year maturity. An election is required if a petition signed by voters equal to five percent of the votes cast in the last municipal general election is filed with the clerk within 30 days after the public hearing. EDA LEASE REVENUE BONDS Economic Development Authorities (EDAs) possess additional finding power that may help cities fund certain local improvements. In general an EDA can issue lease revenue bonds (without a vote or referendum requirement and not subject to net debt limits) to construct public facilities such as a fire hall or a city hall, and lease it back to the city. In the lease, the city agrees to cover the bond payments and eventually purchase the public facility. This is the financing method used for both the public safety buildings and city hall remodeling. Trail Financing Estimate for Galpin Lake $1,558,235 Estimate for Smithtown East $1,340,500 Strawberry Lane $1,135,450 Excelsior Boulevard $300.000 Total Trail Projects $4,334,185 Available in CIP ($2,224,800) Budget Gap $2,109,385 Bidding environment, not likely to improve until backlog of projects is gone. Everyone is thinking of rebidding Spring, 2015. Options to procceed with trail financing: Bonding Program Internal Borrowing — Water Fund is most likely candidate Tax Levy Increase — will take many years to build up sufficient funds Grants, Other Agencies — very competitive Development Contributions — Park Dedication currently $5,000 per new lot