HomeMy WebLinkAboutResolution No. 221-24 - Resolution - 2025 Capital Improvement Plan Amendment
RESOLUTION
Adopting the 2024 and 2025 Capital Improvement Plan Budget Amendments.
Whereas, the City Council adopted the 2024-2029 Capital Improvement Plan on December
4, 2023; and
Whereas, some projects have evolved based on revised funding sources, the provision of
state bonding, various federal grants, and the approval of the local sales tax in 2023 which
collections began in 2024.
NOW THEREFORE BE IT RESOLVED by the Common Council of the City of Rochester
that City adopts the 2024 and 2025 Capital Improvement Plan Budget Amendments for the
City as set forth in writing in the appended document, and the individual projects listed
therein.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS __________ DAY OF _______________, 2024.
___________________________________
PRESIDENT OF SAID COMMON COUNCIL
ATTEST: __________________________
CITY CLERK
APPROVED THIS _____ DAY OF ______________________, 2024.
___________________________________
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)
Appendix
Increase
(Decrease)Funding SourceNotes
DepartmentProject Description
Retained Earnings of
the Sewer Fund Aligns with current sewer rate study
SewerSanitary Sewer trunk line extension and upsizing$ 1,500,000
Retained Earnings of
the Sewer Fund Aligns with current sewer rate study
SewerSanitary Sewer Lining Rehabilitation at Various Locations 2,500,000
Retained Earnings of
the Sewer Fund Aligns with current sewer rate study
SewerStreet Overlay Sanitary Sewer Casting Rehabilitation 1,000,000
General Obligation Moved from Admin to Parks and reflects General
Bonding, State Obligation Bonding in the amount $19,086,164, State
Bonding, 2013 Local Funding of $14,000,000, 2013 Sales Tax of
Sales Tax, Federal $6,443,100, Federal Tax Credits of $2,000,000, and
Tax Credits, and Retained Earnings of $1,470,736. The total project
Retained Earnings cost is $43,000,000
ParksParks Maintenance Facility 3,000,000
State increased $1,860,000, Retained Earnings
North Broadway Park and Ride
State, Retained decreased by $4,000,000, 2013 Local Sales Tax
Earnings, 2024 Local added for $1,940,000. The sales tax was previously
Sales Tax allocated by the Council to Silver Lake Pool.
Transit (200,000)
Authorization to use 2024 sales tax based on the
Economic Vitality
2024 Local Sales Tax September 30th Study Session
2024 Admin 6,500,000
Build up fund for land acquistion for Section 7 Pond, lands surrounding reserviors, or Authorization to use 2024 sales tax based on the
Flood Control
floodway upstream of city 2024 Local Sales Tax September 30th Study Session
1,000,000
GO Bonding Authorization to use 2024 sales tax based on the
supported by Local September 30th Study Sessiona and previous City
Parks
Regional Sports and Recreation ComplexSales Tax Council approvals
65,000,000
Replacing previously budgeted muncipal state aid with
50th Ave NW Construction from Valleyhigh Dr to 19th St.
sales tax consistent with the September 30th, 2024
2024 Local Sales Tax Study Session
Streets (500,000)
Municipal State Aid, Municipal State Aid decreased $2,782,000, Water
Reconstruct Center Street E from Zumbro Bridge to 11th Ave E. To be combined
Water Utility, Sewer Utility decreased $400,000, Sewer Utility decreased
with 11th Ave E Intersection Improvements (J6063) budgeted at and adopted at
Streets
Utility, Special $300,000, and Special Assesment Bonds decreased
$300,000 in previous 2020 Traffic CIP, for a total project cost of $4,480,000.
Assesment Bonds $418,000
(3,900,000)
48th St SW from 11th Ave SW to Scenic Dr SW Pavement Rehabilitation Project
A pavement rehabilitation project on 48th St SW from
11th Ave SW to Scenic Dr SW. As presented at the
September 30, 2024, Study Session, Public Works
proposes the funding source for this project be
revised to the Street Reconstruction Project within the
Local Sales Tax renewal. As a Major Collector
2024 Streets
connecting surrounding areas to a major retail center
and the rest of Rochester, 48th Street SW meets the
regional significance criteria for use of Local Sales
Tax dollars. This funding revision would make J2201
Changing funding funds earmarked for this project available for
source from Annual redirection to additional street overlays and/or
Bituminous to 2024 reconstruction projects across the entire street
local sales tax. system.
531,611
Project Reserves Initial Design Money from Project Reserves
TrafficSouth Broadway Hwy 14 Intersection Design Money 50,000
Municipal State Aid,
4th St SE & 19th Ave SE Intersection Improvements
Water Utility, Sewer Municipal State Aid decreased $807,000, Water
Availibility Charges, Utility decreased $6,000, Sewer Availibility Charges
Federal increased $93,000, and Federal increased $1,200,000
Traffic 480,000
Airport Fund Project
Reserves New project based on Airport priorities
AirportAirport Parking Lot Digital Signage project 250,000
Total 77,211,611