Capital Improvements Program (CIP) Document - City of Urbandale

Due to the aggressive construction timetables contained in the Capital
Improvements Program and consistent with the prior year’s CIP, the
estimated debt retirement schedules for 2010 through 2013 will be spread
over 12 years. The lengthening of the retirement schedules will allow the
City to maintain a stable debt service tax rate for this period of time.
4. The City will identify the estimated cost and potential funding sources for
each capital project proposed before submission to the review bodies and
the City Council. Future operating costs associated with the proposed
capital improvement will be estimated before a decision is made to
implement a project.
-- The Capital Improvements Program contains descriptions for each of the
proposed projects. These project descriptions list the estimated costs for
the design and construction of the improvement and the funding source for
the project. Additionally, the project’s priority status is identified and
detailed information is provided regarding the nature of the project, its
justification and its current status. Finally, the impact of the project on the
City’s operating budget is estimated. This information allowed the Capital
Improvements Committee to properly evaluate the merit and priority of
each project.
5. Federal, state and other intergovernmental and private funding sources shall
be sought out and used as available to assist in financing capital
improvements.
-- The recommended 2010-2015 Capital Improvements Program includes
$46,880,800 from outside sources for the financing of infrastructure
improvements. This revenue represents approximately 29.2% of the total
financing for the CIP.
6. The Parkland Dedication Fund shall be evaluated annually by the Park and
Recreation Commission, and a recommendation for expenditures included in
the annual operating budget submitted to the City Council.
-- The recommended 2010-2015 Capital Improvements Program anticipates
the use of $25,000 in Parkland funds for the construction of an all purpose
play court for basketball at South Karen Acres Park in 2011 ($7,900), and
a trail in Glen Eagles Park in 2012 ($17,100). In 2005, approximately
$264,000 in Parkland funds were used for the construction of playgrounds
in eight neighborhood parks. These projects significantly reduced the
available balance in the Parkland Dedication Fund.
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