HomeMy WebLinkAbout25. 19-587 NOVEMBER 12, 2019 19-587 RESOLUTION
(CARRIED 7-0 LOST LAID OVER WITHDRAWN )
PURPOSE: APPROVE 2020 CAPITAL IMPROVEMENT PROGRAM
INITIATED BY: CITY ADMINISTRATION
WHEREAS, the City Manager has prepared, submitted and recommended a
Capital Improvement Program for the year 2020 wherein is listed all anticipated revenues
and expenditures for said year, which has been filed with the Common Council and the
City Clerk, and is available for public inspection.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Oshkosh that the 2020 Capital Improvement Program, on file in the Office of the City
Clerk, a summary of which is attached hereto and made a part hereof,is hereby approved.
2020 CIP Summary
CIP Section Assessment Other City/Utility Total
Street $ 1,358,300 $ - $ 3,468,100 $ 4,826,400
Storm $ 249,000 $ 1,528,000 $ 5,448,000 $ 7,225,000
Wastewater $ 349,100 $ - $ 8,607,300 $ 8,956,400
Water $ 93,900 $ - $ 5,190,600 $ 5,284,500
Sidewalk $ 820,600 $ - $ 400,900 $ 1,221,500
Traffic $ - $ - $ 485,000 $ 485,000
Total $ 2,870,900 1 $ 1,528,000 1 $ 23,599,900 1 $ 27,998,800
City/Utility
Section Section Total Contribution
Comprehensive Streets/Utility Improvements $ 13,691,200 $ 12,078,400
Public Infrastructure Improvements-Other Streets $ 3,679,600 $ 3,358,100
Public Infrastructure Improvements-Other Utilities $ 2,166,500 $ 2,033,200
Public Infrastructure Improvements-Storm Water Utility $ 4,574,000 $ 2,967,000
Public Infrastructure Improvements-Water Utility $ 1,899,500 $ 1,855,700
Public Infrastructure Improvements-Wastewater Utility $ 1,000,000 $ 1,000,000
Public Infrastructure Improvements-Sidewalks $ 988,000 $ 307,500
Traffic Improvements $ 120,000 $ 120,000
Park Improvements $ 2,570,000 $ 570,000
Public Property Improvements- Non-Utility $ 2,929,000 $ 2,619,000
Public Property Improvements- Utility $ 16,857,600 $ 6,857,600
Major Equipment $ 1,195,100 $ 1,194,100
Major Equipment-Vehicles $ 4,393,000 $ 4,118,000
Tax Increment Financing(TIF) Districts Improvements $ 5,215,400 $ 1,090,400
Totall $ 61,278,900 1 $ 40,169,000
2020 CIP Section Summary
TIF Districts Impr
9%
Major Equip
9%
Streets&Utility Irr9
30%
Traffic&Park Impr
4%
2020-49
2020 CIP Summary
Sources of Funds 2020
General Fund (City Contribution) $ 1,011,000
Utility Funds Contribution $ 3,907,000
Transit Fund Contribution $ -
Developer Contribution $ -
Debt Financing:
General Obligation Bonds $ 6,927,900
General Obligation Notes $ 5,472,100
Revenue Bonds $ 24,056,500
State Trust Fund Loan $ 100,000
Safe Drinking Water Loan Program $ 10,000,000
Clean Water Fund Financial Assistance
Program $ -
State DOT Contributions $ - Fund Amount
TID#20 Cash $ 950,400 Storm $ 6,212,000
TID#14 Cash $ 100,000 Wastewater $ 15,286,000
TID#19 Cash $ 20,000 Water $ 6,465,500
Federal Grant $ 1,712,000 Total $ 27,963,500
State Grant $ 1,203,000
Trade-In $ 214,000
Operating Budget $ 495,000
Proceeds from Land Sale $ 2,000,000
Previously Borrowed $ 3,010,000
Museum Funds $ 100,000
Totall $ 61,278,900
2020 CIP Funding Summary
` City Funds Contributions
/ 7%
General Obligation
Safe Drinki /` Bonds
Water Loa 10%
Program
14% General Obligation
Notes
7%
Other Source 4
28%
Revenue Bonds
34%
2020-50