Capital Improvements Program (CIP) Document - City of Urbandale

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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. III
Debt Performance Goals 1. The City will limit long term debt to only those capital improvements that cannot be financed from current revenues. -- Due to the limited growth of the Road Use Tax, some street repair and maintenance expenditures are being transferred from the operating budget to the Capital Improvements Program in 2010-2015. A portion of the Annual Concrete Street Rehabilitation Program will be debt financed during these years. However, all of the planned improvements will have a life of at least twelve (12) years in order to justify the use of debt financing. 2. The maturity date for any debt will not exceed the reasonably expected useful life of the expenditure so financed. 3. As a means of minimizing the impact of debt obligations on the City’s taxpayer, the following debt performance standards will be followed: a.) Thirty percent of the City’s available legal general obligation debt limit shall be reserved for emergency purposes. b.) The total direct general obligation debt shall not exceed 4% of the total actual assessed value of property. c.) Long term gross outstanding debt shall not exceed $1,300 per capita. d.) Long term gross outstanding debt shall not exceed 2% of taxable property valuation (including TIF and utility valuation). e.) Annual debt service on long term debt shall not exceed 25% of budgeted operating expenditures (not including capital expenditures). f.) Annual debt service should not exceed 40% of property tax revenues. These limitations shall not apply to any debt incurred for emergency purposes. -- The City’s performance for each of these debt standards is summarized below under the Debt Analysis section. 4. The City will use special assessments, revenue bonds and/or any other selfliquidating debt measures instead of general obligation bonds where and when possible. -- Special assessments are utilized when a public improvement project directly benefits private property owners. This financing mechanism is used primarily for street paving and sidewalk projects. The recommended 2010-2015 Capital Improvements Program includes $9,998,300 from special assessments for the financing of infrastructure improvements. -- The CIP also includes $2,371,100 in water system improvements. These improvements will be financed through water user fees. IV
Page 2: Capital Improvements Program 2010 -
Page 5 and 6: A copy of the City Council’s six
Page 7: Fiscal Performance Goals At its mee
Page 11 and 12: Fiscal Performance Goals Debt Perfo
Page 13 and 14: inclusion in the funding calculatio
Page 15 and 16: Bridges During the next five years,
Page 17 and 18: Avenue at 70 th Street and at 86 th
Page 19 and 20: TABLE of CONTENTS 2010 - 2015+ Capi
Page 21 and 22: STREETS (Continued) 85 ………..
Page 23 and 24: FINANCIAL PROJECT SUMMARY 2010 - 20
Page 25 and 26: Page (In 000's) 2010 2011 2012 2013
Page 27 and 28: FINANCIAL FUNDING SOURCES 2010 - 20
Page 29 and 30: FINANCIAL FUNDING SOURCES 2010 - 20
Page 31: DETAIL of Eligible Page GOB Project
Page 34 and 35: ART Urbandale Public Arts Funding I
Page 36 and 37: BUILDING Fire Station No. 41: Renov
Page 38 and 39: BUILDING Fire Station No. 42: Parki
Page 40 and 41: BUILDING Facilities Maintenance: Li
Page 42 and 43: BUILDING Facilities - Energy Lighti
Page 44 and 45: BUILDING Parks and Public Works: Fi
Page 46: BUILDING Walker Johnston Park: Shel
Page 49 and 50: EQUIPMENT EMS: Ambulance COSTS ITEM
Page 52 and 53: This page was intentionally left bl
Page 55 and 56: PARKS Trail: Improvements at Variou
Page 57 and 58: PARKS Trail: Clive Trail Connection
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PARKS Trail: Glen Eagles Park, Conn
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PARKS Trail, Playground Equipment:
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PARKS Trail, Playground Equipment,
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PARKS Trail: Raccoon River Valley R
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PARKS Cemetery: West of I35/80 COST
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PARKS Lions Park: Restrooms and She
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PARKS South Karen Acres: Play Court
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PARKS UGRA Softball/Soccer Complex:
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PARKS Walker Johnston Park: Regiona
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PARKS Walker Johnston Park: Tennis
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WCRP (Walnut Creek Regional Park) A
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WCRP Trail Spine -Douglas Parkway t
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WCRP Continued: Trail System - Inte
Page 85 and 86:
WCRP Open-Air Park Shelters / Picni
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WCRP Outdoor Aquatic Center COSTS I
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WCRP Regional Playground in Facilit
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WCRP Specialized Landscaping, Picni
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BRIDGE Meredith Drive: Walnut Creek
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SIDEWALKS Various Locations COSTS I
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This page was intentionally left bl
Page 102:
STORM SEWER 104 th Street and Justi
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STREET Annual Concrete Street Rehab
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STREET Aurora Avenue and 112 th Str
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STREET Aurora Avenue: Walnut Creek
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STREET Douglas Avenue Median COSTS
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STREET Douglas Parkway: 156 th Stre
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STREET Meredith Drive: 128th Street
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STREET Meredith Drive: 156 th Stree
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STREET Northpark Drive Extension: 1
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STREET N.W. 50 th Avenue - Iowa Hig
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STREET Plum Drive: 86 th Street to
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STREET Waterford Road: 156 th Stree
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STREET 75 th Street and Douglas Ave
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STREET 86 th Street and Douglas Ave
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STREET 100 th Street Extension COST
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STREET 100 th Street Preservation P
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STREET 111 th Street Paving COSTS I
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STREET 121 st Street Improvements:
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STREET 142nd Street: Aurora Avenue
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STREET 142nd Street: Meredith Drive
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STREET 156 th Street: Meredith Driv
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113
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STREET LIGHTING Douglas Avenue: LED
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STREET LIGHTING 128 th Street: Hick
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TRAFFIC SIGNAL Douglas Avenue and 7
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TRAFFIC SIGNAL Hickman Road: Entran
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TRAFFIC SIGNAL Merle Hay Road Traff
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TRAFFIC SIGNAL 70 th Street and Aur
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TRAFFIC SIGNAL 100 th Street and No
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TRAFFIC SIGNAL 104 th Street and Me
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TRAFFIC SIGNAL 128 th Street and Au
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TRAFFIC SIGNAL 156 th Street and Do
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135
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WATER 72 nd St. Water Main: Maple D
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WATER 71 st St. Water Main: Prairie
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WATER 114 th Street: Paint Water To
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WATER Meredith Drive Water Main: 13
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WATER Monroe Court Water Main: 70 t
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WATER 70 th St. Water Main: Douglas
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WATER Dellwood Drive Water Main: Ro
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Capital Improvements Program (CIP) Document - City of Urbandale

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