HomeMy WebLinkAbout24. CIP Recommendations to Plan Commission
Finance Department
City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5005 http://www.ci.oshkosh.wi.us
TO: Honorable Mayor and Members of the Common Council
FROM: Russ Van Gompel, Director of Finance
DATE: August 5, 2021
RE: CIP Recommendation to Plan Commission
BACKGROUND
At the City Council Work Shop on June 30, 2021. Council provided direction that the 2022 –
2031 CIP provide for a potential borrowing in 2022 in the amount of $20,000,000. The original
CIP included a potential borrowing of $14,930,900.
During the following CIP work sessions, Council discussed various projects which might be
considered for inclusion in the 2022 debt financing. Attached is a list of potential additions.
The CIP is scheduled to be presented to the Plan Commission at their August 17, 2021 meeting
and is scheduled to be considered and adopted at the August 24, 2021 City Council Meeting
RECOMMENDATION
Staff recommends discussion on the potential modifications and provide consensus on a
potential list of projects to be included in the CIP and for inclusion of a potential debt issuance
in adoption of the above noted resolutions.
Respectfully Submitted, Approved:
Russ Van Gompel Mark A. Rohloff
Director of Finance City Manager
Council Direction from 6/30/21 $20,000,000
Projects from Recommended CIP $14,930,900
Project with TBD Funding $2,155,900
Concrete Repairs $250,000
Menominee Road Reconstruction
OR Red Arrow Parking Lot $1,000,000
Parking Lot Improvements $250,000
Bradley Street Paving $220,000
Design Pioneer Riverwalk $300,000
HVAC/Roofing $250,000
Lakeshore $250,000
Contingency $393,200
$0
Potential 2022 Debt Financing