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9.4. SR 03-18-2019 EOty1� ,.,�� Request for Action River To Item Number Mayor and City Council 9.4 Agenda Section Meeting Date Prepared by Work Session March 18, 2019 Justin Femrite, P.E.,Public Works Director Item Description Reviewed by Pavement Management Funding Cal Portner, City Administrator Reviewed by Action Requested Provide direction for the funding of trail and parking lot replacements. Background/Discussion As requested at the last Council meeting, staff is bringing back the topic of funding for the replacement of the city-owned trail and parking lot assets. Funding for these assets has long been a challenge to accommodate with the current revenue stream from the Park Improvement Fund. After a wildly successful first seven years, funding our street pavements through collection of franchise fees, there is now a question of including the replacement of trail and parking lot pavements through this same funding source. Favorable bids obtained on our last few pavement management contracts has allowed us to get caught up on previously deferred street maintenance work. Being in better shape with these street pavement assets allows us to begin discussions about the other pavement needs we have on our trails and parking lots. Financial Impact None at this time Attachments ■ Pavement Management Fund Analysis ■ Park Improvement Fund Analysis The Elk River Vision A PehoMing community 2a itb revolutionary and spirited resourcefulness, exceptional POWERED By service, and community engagement that encourages and inspires prosperity INAMIRE1 City of Elk River Pavement Management Fund 2018 2019 2020 2021 2022 2023 Estimate Estimate Estimate Estimate Estimate Estimate Fund Balance - Beginning $3,138,557 $4,660,405 $2,173,405 $3,820,405 $1,651,405 $3,066,405 Revenues: Charges for Services Franchise Fee 1,399,000 1,399,000 1,399,000 1,399,000 1,399,000 1,399,000 Other Revenue Interest 78,500 100,000 50,000 80,000 60,000 90,000 City of Ramsey 167,091 - - - - - Iv1SA- Street Maintenance 390,620 394,000 398,000 402,000 406,000 410,000 MSA -Construction - - 100,000 2,500,000 1,100,000 1,000,000 Federal Grant - - - - 1,950,000 - Transers In Storm Water - 170,000 - 250,000 100,000 50,000 Street! Capital Improve. Reserve - - 400,000 - - - Total Revenues 2,035,211 2,063,000 2,347,000 4,631,000 5,015,000 2,949,000 Expenditures: Street Projects 313,363 4,300,000 100,000 5,900,000 100,000 3,400,000 Hwy 169 Frontage/Backage Roads - 50,000 400,000 500,000 3,500,000 - Sealcoat/Oveday program 200,000 200,000 200,000 200,000 200,000 200,000 Total Expenditures 513,363 4,550,000 700,000 6,600,000 3,800,000 3,600,000 Revenues less Expenditures 1,521,848 (2,487,000) 1,647,000 (1,969,000) 1,2159000 (651,000) Fund Balance -Ending $4,880,405 $2,173,405 $3,820,405 $1,851,405 $3,066,405 $2,415,405 City of Elk River Park Improvement Fund Expenditures: Athletic fields - dugouts 2018 2019 2020 2021 2022 2023 DAAC Irrigation/Well Estimate Estimate Estimate Estimate Estimate Estimate Cash Balance - Beginning $295,276 $26,820 $110,192 $123,564 $64,936 $101,768 Revenues: - - - - 25,000 - Interest income 5,000 2,000 2,000 2,000 2,000 2,000 Youth Baseball Association - Dugouts 26,540 11,540 11,540 11,540 - - Youth Football - Oak Knoll Lights 12,000 7,416 7,416 7,416 7,416 - Lacrosse - Oak Knoll Lights 12,000 7,416 7,416 7,416 7,416 - Grants - 362,000 - - - - Transfer In -Liquor Fund 197,174 195,000 195,000 195,000 195,000 195,000 Donations 14,645 - - - - - Total Revenues 267,359 585,372 223,372 223,372 211,832 197,000 Expenditures: Athletic fields - dugouts 63,718 - - - - - DAAC Irrigation/Well 126,774 - - - - - DAAC Scoreboards 25,990 - - - - - Deerfield Basketball Court - - - - 25,000 - Deerfield Playground Replacement 81,011 - - - - - Hillside Park Improvements 49,572 - - - - - Houlton restoration (FMR match) 10,000 10,000 10,000 - - - Lions Basketball Court 18,440 - - - - - Lions Park Master Plan - 15,000 - - - - Lions Park Playground - - 200,000 - - - Oak Knoll Lights 120,836 - - - - - Oak Knoll Parking Lot - - - 153,000 - - Parks Master Plan Update 22,084 - - - - - Sport Court Resurfacing - 50,000 - 9,000 - 40,000 Trail Repairs & Connections 17,390 - - 120,000 - - Trott Brook Tennis Court Replacement - - - - 150,000 - Woodland Trails Grant/Match - 387,000 - - - - Woodland Trails Design Services - 40,000 - - - - Woodland Trails Garage - - - - 100,000 Total Expenditures 535,815 502,000 210,000 282,000 175,000 140,000 Revenues over/(under) Expenditures 268,456 83,372 13,372 (58,628) 36,832 57,000 Cash Balance - Ending $26,820 $110,102 $123,564 $64,936 $101,768 $158,768