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HomeMy WebLinkAbout2019-10-28 PACKET 06.3.STAFF REPORT CASE: CP2019-058 ITEM: 6.3 PUBLIC MEETING DATE: 10/28/19 TENTATIVE COUNCIL REVIEW DATE: 11/20/19 APPLICATION APPLICANT: City of Cottage Grove REQUEST: A comprehensive plan amendment to amend the Capital Improvement Program (CIP) 2020-2024. SITE DATA LOCATION: N/A ZONING: N/A GUIDED LAND USE: N/A LAND USE OF ADJACENT PROPERTIES: CURRENT NORTH: EAST: N/A SOUTH: WEST: SIZE: N/A DENSITY: N/A RECOMMENDATION Approval. GUIDED Cottage Grove COTTAGE GROVE PLANNING DIVISION � here Pride and,Ospellty Meet Staff Contact: Robin Roland, Finance Director; 651-458-2832; rroland _cottagegrovemn.gov Application Accepted:. N/A 60 -Day Review Deadline: N/A City of Cottage Grove Planning Division • 12800 Ravine Parkway South • Cottage Grove, MN 55016 Planning Staff Report CIP 2020-2024 — Case No. CP2019-058 October 28, 2019 Proposal On an annual basis, the City updates its five-year Capital Improvement Plan (CIP). In addition to its being a guide for capital spending decisions, the CIP is an element of the City's Comprehensive Plan. For this reason, the annual update of the CIP is an amendment to the Comprehensive Plan, which requires a public hearing by the Planning Commission. Overview of CIP The CIP is a planning document intended to provide an estimate of capital needs and funding. Projects included in the plan must be authorized by the City Council to proceed to construction. Capital improvements include land acquisition and construction of public buildings, parks, streets, and utilities. A capital improvement is defined as any expenditure greater than $15,000 with a useful life of five years or more. The CIP lists planned capital improvements for the years 2020 through 2024. The CIP also identifies funding sources for each project. For the 2020-2024 period, a total of $99 million in capital projects are planned. A goal of the CIP process is to balance the amount of capital spending on an annual basis. This creates a more predictable demand on staff resources and creates consistency in capital funding. In most CIP's, the first two years serve as a work plan of projects ready to be implemented. Based on financial happenings with the economy, the City may at its discretion choose to delay or post- pone projects to adjust to current conditions. Project Summary The summary document of the CIP as prepared by the Finance Department is attached. Recommendation That the Planning Commission find that the 2020-2024 Capital Improvement Plan is consistent with the City's Comprehensive Plan and recommend that the City Council approve the document. Prepared by: Christine Costello Acting Community & Economic Development Director Attachments: 2020-2024 CIP City of Cottage Grove Capital Improvements Plan 2020-2024 Table of Contents Page No. Introduction 1 Projects by Program Category 6 Facilities and Park Projects Summary 8 Facility and Park Projects Detail pages 9 Street, Road Improvement & Public Works Projects Summary 29 Street, Road Improvement & Public Works Projects Detail 30 Projects by Year (with Maps) 2020 Annual Summary 51 2021 Annual Summary 53 2022 Annual Summary 55 2023 Annual Summary 57 2024 Annual Summary 59 Projected Financial Position Statements Special Revenue Funds Sealcoating Fund 61 Storm Water Utility Fund 62 Enterprise Funds Water Utility Fund 63 Sanitary Sewer Utility Fund 64 Street Light Utility Fund 65 Capital Project Funds Park Improvement Fund 66 Park Trust Fund 67 Municipal Building Fund 68 MSA Construction Fund 69 Pavement Management fund 70 Water Area Fund 71 Sanitary Sewer Area Fund 72 Storm Water Area Fund 73 Debt Projections City of Cottage Grove Capital Improvements Plan 2020-2024 Introduction The Capital Improvement Plan (CIP) is a planning device to schedule proposed public improvements and purchases over a five-year period. The Plan matches proposed expenditures and revenues by project within an affected fund. A capital improvement is defined as a capital expenditure that is greater than $15,000 with a life expectancy of five years or longer. Capital improvements are projects, which require acquisition, construction, or replacement of various public facilities, public buildings, infrastructure, utilities and parks in the community. Every effort has been made to draft the document as conservatively and realistically as possible while maintaining the integrity of the funds. The concept of fund integrity includes accounting for certain project costs in particular designated funds that are only used for those purposes for which they are collected. These major funding sources include the operating funds (the General Fund and Enterprise Funds), the development fees and charges (including the Area and Park Trust Funds), as well as identifying larger general projects that are expected to be financed with the issuance of general obligation bonds to be repaid with future property tax levies. This CIP shows a total capital investment of $14.94 million for 2020 of which $6.5 million is related to the reconstruction of 80th Street from Jamaica Ave to CSAH 19, $1.7 million is related to expansion of Hamlet Park and $3.8 million is related to road projects including the completion of the Ravine parkway. This document covers the period from 2020 to 2024 and is organized by the funding sources of the improvement project. Over the next five years $99.0 million in projected improvements have been identified. Included in this $99.0 million is $30.6 million in levy supported debt. The remaining dollars come from other identified sources. Comparison of total funding by year to last years CIP 2020 2021 2022 2023 total 20-23 2020-2024 CIP $ 14,937,000 $ 22,196,000 $ 13,372,505 $ 8,960,000 $ 59,465,505 2019-2023 CIP $ 7,742,950 $ 23,262,000 $ 16,040,000 $ 35,790,400 $ 82,835,350 Difference O $ 7,194,050 $ (1,066,000) $ (2,667,495) $ (26,830,400) $ (23,369,845) Summary of Improvements Sealcoating Fund The sealcoating fund was created in 2007 to provide for the costs of sealcoating roads and trails on a seven year cycle. The primary funding source for the projects in this fund is the franchise fee collected by providers on monthly electric and natural gas utility bills. In 2020, sealcoating trails combined with curb and sidewalk repair will be the primary projects financed by the fund. 2020-2024 CIP Introduction Enterprise Funds The projects included in the Enterprise Fund section are those projects, which would be paid for from the Water, Sanitary Sewer and Storm Water Utility Funds. Each of the enterprise funds is supported by user fees charged for the services provided by each fund. Storm Water Utility The Storm Water Utility Fund projects include various drainage improvements and maintenance of the storm water utility system. The Storm Water Utility Fund was initiated with the 2002 budget year. CIP projects identified and prioritized by staff cannot exceed the financial constraints of the fund. The 2020 projects identified include storm water improvements to be completed with the Pavement Management Project and various storm water ponds improvements. Commitments of the fund for the next five years are for various storm water activities throughout the City. A five percent increase to the storm water fee occurred each year from 2014 through 2019; another five percent will occur in 2020 bringing the annual rate to $63 to support funding of these commitments. Water Utility The water utility fund costs for pulling one well for maintenance purposes each year at $70,000 and the utility portion of pavement management projects, totaling $748,000 in the next 5 years. Construction of a water tower in the business park is slated for 2021 if required by development. Sanitary Sewer Utility The sanitary sewer utility includes $550,000 in projects to be completed in the next five years, including major renovations to various sewer pipe which has been corroded by sulfur in the soil and projects completed along with pavement management projects. Street Light Enterprise The improvements scheduled for the Street Light Utility are traffic signals and system improvements including the potential replacement of luminaries with LED fixtures and feed point electrical work. Park Improvement Capital Project Fund In 2013, the City Council directed that revenues derived from the leasing of space on the City's Water Towers/ Reservoirs for Cell phone antennas should be allocated to the purpose of renovation of existing parks and replacement of playground equipment. This revenue source will fund a total of over $3.4 million in park and playground renovations over the next five years. Park Trust Improvements scheduled in the Park Trust Fund include the purchase of additional parkland, planning and development of parks and trails, and installing playground equipment in new parks. Revenues coming into the Park Trust Fund have been calculated to reflect the anticipated housing growth and a greater dedication of park land instead of park dedication fees. 2020-2024 CIP Introduction The Park Trust fund borrowed $350,000 from the Park Improvement fund in 2017 to cover the City portion of the cost for the Inclusive Playground. This amount will be paid back in three transfers from the Trust fund in 2018, 2019 and 2020. The goal is to maintain a minimum year end cash balance of approximately $100,000. Future projects will be delayed until future revenues are available to construct them. Municipal Building Fund This fund derives its revenue from accumulated transfers from the General Fund pursuant to the Fund Balance policy, as well as several years of dedicated tax levy dollars. The completion of the HERO Center and the replacement of the refrigeration system at the Ice Arena in 2019 completes anticipated facility projects for the near future. Acquisition of land for a future expansion or relocation of the Public Works Facility is identified for 2024 or beyond. MSA Construction Fund The construction of new streets and the rehabilitation of existing streets in the Pavement Management Program as well as other street reconstruction projects make up the vast majority of Capital Improvement Projects. Funding for these projects come from Municipal State Aid (MSA), Developer Charges and Special Assessments. Streets included on the "state aid" system are eligible to receive state aid for a portion of the projects. The MSA annual construction allotment was $1.47 million in 2019; the model included in this CIP anticipates no increase in these dedicated funds per year. The projects noted below and in the CIP will depend on development, the timing of which will vary due to factors including the economy and available land. The projects identified with their anticipated MSA funding over the next 5 years include: 2020 80th Street Phase 2 Reclamation 4,501,000 2020 Ravine Parkway — Bothe E New construction 900,000 2021 Ravine Parkway — Wolterstorff New construction 800,000 2023 80th Street Phase 3 Reclamation 4,420,000 2024 E Pt Douglas & CSAH 19 Innovation Road bride 4,000,000 Total $14,621,000 Pavement Management Fund Pavement Management Projects are reflected in this listing. The summary sheet identifies other funding sources when available, but for most projects it will be necessary to issue debt to be repaid with a property tax levy to finance the project. The continuation of the pavement management program includes assessments for a portion of each project which would also be used to repay the debt. The Pavement Management projects included in the next five years total $14.4 million, of which $6.5 million would be assessed to benefiting property owners and $5.6 million would be bonded. Future property taxes levies would repay these bonds. 2020-2024 CIP Introduction Area Funds The Water, Storm Sewer and Sanitary Sewer Area Funds are capital project funds that provide the resources to construct general infrastructure. Projects totaling $2.5 million are expected to be funded from the area funds over the next 5 years. The funding sources for these funds are area charges against developing properties. The area charges are based on rates established by the City Council. Before these projects can be completed, the funds available in each of the area funds need to be considered. It may be necessary to postpone projects if the revenue sources are not available to complete the project. Water Area Fund Construction of Well #12 was completed in 2018, fully two years ahead of previous schedules. By far the largest project in the water area fund for several years, the project was fast tracked by necessity after higher than expected levels of PFC's were identified in the majority (8 of 11) of the City's other wells. Although filtration was added to Wells 3 and 10 in 2017 (funded by the MNPCA), an additional water source from the new well will increase the City's ability to dilute contaminates to below required levels. Sanitary Sewer Area Fund The projects identified for the Sewer Area Fund will have adequate funding through 2018 based upon conservative estimates and current rates. Storm Water Area Fund There are no projects identified in the Storm Water Area Fund from 2020-2024. However, if the projects identified are part of larger project (i.e. if they are part of a street reconstruction project) and the larger project is moved up it may be necessary to issue debt to finance and complete the project. The debt would then be repaid with future storm water area charges or storm water utility charges. Debt Schedule The included debt projection schedule anticipates issuing levy -related debt primarily to fund the pavement management program. Typically, with a pavement management project, special assessments against benefiting properties cover a portion of the cost (the CIP uses an assessment estimate of 45% as recommended by the IMTF task force) and the remainder of the construction cost is then paid through a property tax debt levy or from the utility funds. Pavement management related debt is matched to the assessment term, which is 15 years. The debt schedule provided includes the current levy amounts for all bonds issued to date and includes estimated levies for the pavement management projects currently identified Tax Capacity 2015 2016 Funding 2018 Location Total Assessments Debt Other 2021 F5, 131, E1 5,700,000 2,565,000 2,395,000 740,000 2022 Thompson Grove 6 & 7 5,900,000 2,655,000 2,175,000 1,070,000 2024 Thompson Grove 2nd 2,849,000 1,282,000 1,035,000 532,000 $14,449,000 $6,502,000 $5,605,000 $2,342,000 Area Funds The Water, Storm Sewer and Sanitary Sewer Area Funds are capital project funds that provide the resources to construct general infrastructure. Projects totaling $2.5 million are expected to be funded from the area funds over the next 5 years. The funding sources for these funds are area charges against developing properties. The area charges are based on rates established by the City Council. Before these projects can be completed, the funds available in each of the area funds need to be considered. It may be necessary to postpone projects if the revenue sources are not available to complete the project. Water Area Fund Construction of Well #12 was completed in 2018, fully two years ahead of previous schedules. By far the largest project in the water area fund for several years, the project was fast tracked by necessity after higher than expected levels of PFC's were identified in the majority (8 of 11) of the City's other wells. Although filtration was added to Wells 3 and 10 in 2017 (funded by the MNPCA), an additional water source from the new well will increase the City's ability to dilute contaminates to below required levels. Sanitary Sewer Area Fund The projects identified for the Sewer Area Fund will have adequate funding through 2018 based upon conservative estimates and current rates. Storm Water Area Fund There are no projects identified in the Storm Water Area Fund from 2020-2024. However, if the projects identified are part of larger project (i.e. if they are part of a street reconstruction project) and the larger project is moved up it may be necessary to issue debt to finance and complete the project. The debt would then be repaid with future storm water area charges or storm water utility charges. Debt Schedule The included debt projection schedule anticipates issuing levy -related debt primarily to fund the pavement management program. Typically, with a pavement management project, special assessments against benefiting properties cover a portion of the cost (the CIP uses an assessment estimate of 45% as recommended by the IMTF task force) and the remainder of the construction cost is then paid through a property tax debt levy or from the utility funds. Pavement management related debt is matched to the assessment term, which is 15 years. The debt schedule provided includes the current levy amounts for all bonds issued to date and includes estimated levies for the pavement management projects currently identified Tax Capacity 2015 2016 2017 2018 2019 2020 Actual Tax Base $27,165,777 $27,999,915 $29,158,000 $31,648,068 $34,058,859 $36,834,923 % Change 13.2% 3.1% 4.1% 8.3% 8.1% 8.2% 2020-2024 CIP Introduction Conclusion City staff has prepared this document in conjunction with those projects and capital items that are known and for which costs can be reasonably estimated. The CIP should be considered a planning tool and the projects included for 2020 and 2021 serve as a work plan for staff. This "work plan" means that these are the projects that staff will bring to Council for authorization before proceeding with a feasibility study, acquisition, or construction. All projects detailed in this document will be included in their respective budgets if the need is established at that time. City of Cottage Grove, MN Capital Improvement Plan 2019-2024 PROJECTS BY PROGRAM CATEGORY NOTE: This recap includes the total project cost. See the individual project page for funding sources PROGRAM CATEGORY 2019 2020 2021 2022 2023 2024 General Public Buildings 650,000 2,880,000 2,844,000 3,557,505 500,000 325,000 Central Fire Station HERO Center 18,825,000 Ice Arena - refrigeration replacement 2,900,000 400,000 50,000 50,000 50,000 50,000 PW space needs & land acquisition 25,000 100,000 100,000 100,000 100,000 1,400,000 General Public Buildings total 21,750,000 - - - - 1,400,000 Swanlund utilities 20,000 20,000 20,000 20,000 20,000 Parks & Recreation Facilities 100,000 100,000 100,000 500,000 100,000 Matching grant funds 10,000 10,000 10,000 10,000 10,000 10,000 Public Landscape initiative 65,000 65,000 110,000 60,000 55,000 150,000 Parks - design & planning 15,000 15,000 15,000 15,000 15,000 15,000 Hamlet Park - Develop Park & skateboard repair 10,000 600,000 2,400,000 Hamlet Park Expansion 410,000 1,708,000 1,334,000 50,000 80,000 Woodridge - additional shade structure 30,000 Settlers Island 12,000 River Oaks Scenic overlook 15,000 Lamar Park Fencing & Shelter replacement 75,000 80,000 Trail projects - Woodridge & Camels Hump 30,000 40,000 Pine Tree Valley Park - Play equipment 50,000 LaMar play equipment 100,000 Meadowgrass, Hidden Valley & Highlands play equipment 200,000 Oakwood park - Parking lot & shelter replacement - 550,000 100,000 Community Center - planning 95,000 Michaels Pointe Park 400,000 "Old Cottage Grove Park" ice rink boards replacement 30,000 Glacial valley Park 2,865,005 Arbor meadows & Hearthside 100,000 100,000 Peter Thompson, Pine tree Pond, Ideal park play equipment 200,000 West draw, Granada & Nina Park play equipment 150,000 Highland basketball 80,000 River Oaks Parking Lot 277,500 Compost Site land acquisition 420,000 Bike park 10,000 Swanlund Park 500,000 Parks & Recreation Facilities 650,000 2,880,000 2,844,000 3,557,505 500,000 325,000 Public Utilities Facilities Spot replacement/slip lining - Sewer 50,000 400,000 50,000 50,000 50,000 50,000 System improvements - Streetlights 100,000 100,000 100,000 100,000 100,000 100,000 Storm water maintenance 100,000 100,000 100,000 100,000 100,000 100,000 Swanlund utilities 20,000 20,000 20,000 20,000 20,000 Upper Ravine district infrastructure 100,000 100,000 100,000 500,000 100,000 Pull well - annual maintenance 70,000 70,000 70,000 70,000 70,000 70,000 Bridge Maintenance 150,000 Booster pumps Calarosa 100,000 construct Water Tower - Business park 600,000 2,400,000 Public Utilities Facilities total 440,000 1,640,000 2,840,000 840,000 440,000 320,000 City of Cottage Grove, MN Capital Improvement Plan 2019-2024 PROJECTS BY PROGRAM CATEGORY NOTE: This recap includes the total project cost. See the individual project page for funding sources PROGRAM CATEGORY 2019 2020 2021 2022 2023 2024 Street & Road Improvement Projects West Point Douglas Road 1,750,000 Jamaica Ave - 70th to Military with roundabout 3,000,000 Century Ave 65th to City border 2,200,000 80th Street (CSAH19 to TH 61) Reconstruction 6,517,000 5,070,000 CSAH 19 and TH 61 22,900,000 100th Street - Ideal to Hemingway/Hadley 2,325,000 Jamaica & 95th Traffic control 1,500,000 70th Street (in three phases) 2,750,000 65th Street - ISD 833 Harkness Ave Reconstruction 3,162,000 Ravine parkway Phase 3, 4 , 5 2,464,000 1,400,000 1,400,000 Ravine parkway & E Pt Douglas (Cottage View) 5,500,000 E Pt Douglas & Jamaica 8,000,000 Sealcoating projects 540,000 750,000 750,000 750,000 750,000 750,000 Subtotal before PM 7,254,000 10,417,000 10,812,000 3,075,000 8,020,000 34,650,000 PM 2021 - F5, 131, E1, C3 5,700,000 PM 2022 5,900,000 PM 2024 2,849,000 Road & Street Improvement projects total 7,254,000 10,417,000 16,512,000 8,975,000 8,020,000 37,499,000 GRAND TOTAL $ 30,094,000 $ 14,937,000 $ 22,196,000 $ 13,372,505 $ 8,960,000 $ 39,544,000 CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM FACILITIES AND PARK PROJECTS Funding Sources 2020 2021 2020 Land/Easements 2021 - - 1,400,000 2022 586,000 446,000 2023 Admin/Legal 2024 Tax Levy $ - $ - $ - $ - $ - Bonded Debt $ - $ 100,000 $ - $ 100,000 $ 1,400,000 State/Other Government Units $ - $ - $ - $ - $ - Park Improvement fund $ 1,838,000 $ 365,000 $ 340,000 $ 290,000 $ 160,000 Park Trust Fund $ 427,000 $ 1,849,000 $ 2,880,005 $ 55,000 $ 15,000 Landscape Initiative $ 65,000 $ 110,000 $ 60,000 $ 55,000 $ 150,000 Municipal Building Fund $ - $ - $ - $ - $ - Other: $ 550,000 $ 420,000 $ 277,500 $ - $ - TOTAL 2,880,000 2,844,000 3,557,505 500,000 1,725,000 Project Expenses 2020 2021 2022 2023 2024 Land/Easements - 420,000 - - 1,400,000 Engineering/Architect 586,000 446,000 740,205 31,000 15,000 Admin/Legal - - - - - Construction 2,219,000 1,858,000 2,747,300 404,000 150,000 Maintenance - - - - - Other 75,000 120,000 70,000 65,000 160,000 TOTAL 2,880,000 2,844,000 3,557,505 500,000 1,725,000 Project Balance $ - $ - $ - $ - $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description New PW & Parks Facilitv 2024 - Purchase Land Department Public Works Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt 1,400,000 State/Other Government Units Park Improvement fund Park Trust Fund Landscape Initiative Municipal Building Other: TOTAL 0 0 0 0 1,400,000 Project Expenses 2020 2021 2022 2023 2024 Land/Easements 1,400,000 Engineering/Architect Admin/Legal Construction Maintenance Other TOTAL 0 0 0 0 1,400,000 Project Balance $ - $ - $ - $ - $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description 2020 - W Pt Douglas - Jamaica to 80th Tree Planting ($50,000), Camel's Hump Restoration ($5,000), Settler's Public Landscape Initiative Island Restoration ($5,000), Kingston Park Restoration ($5,000) 2021 - Hamlet Park South ($50,000), 90th St. Jamaica to CR 19 ($50,000), Camel's Hump Restoration ($5,000), Settler's Island Restoration ($5,000) Department 2022 - Jamaica - 100th to Triangle Park ($50,000), CG Trailway Corridor ($10,000) Parks 2023 - Hinton - 70th to Woodbury Border ($50,000), Pine Tree Pond & Valley Parks ($5,000) 2024 - Hadley Ave - 100th to BNSF ($50,000), Oakwood Park ($100,000) Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt State/Other Government Units Park Improvement fund Park Trust Fund Landscape Initiative 65,000 110,000 60,000 55,000 150,000 Municipal Building Other: TOTAL 65,000 110,000 60,000 55,000 150,000 Project Expenses 2020 2021 2022 2023 2024 Land/Easements Engineering/Architect Admin/Legal Construction Maintenance Other 65,000 110,000 60,000 55,000 150,000 TOTAL 65,000 110,000 60,000 55,000 150,000 Project Balance $ - $ - $ - $ - $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM Project Title (Project Description Park Design and Planning Funding for design and planning of parks as development occurs. Department Parks Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt State/Other Government Units Park Improvement fund Park Trust Fund 15,000 15,000 15,000 15,000 15,000 Landscape Initiative Municipal Building Other: TOTAL 15,000 15,000 15,000 15,000 15,000 Project Expenses 2020 2021 2022 2023 2024 Land/Easements Engineering/Architect 15,000 15,000 15,000 15,000 15,000 Admin/Legal Construction Maintenance Other TOTAL 15,000 15,000 15,000 15,000 15,000 Project Balance $ - $ - $ - $ - $ CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description Matching Funds Program Funds used to match donations from outside organizations on specific park projects Department Parks Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt State/Other Government Units Park Improvement fund 10,000 10,000 10,000 10,000 10,000 Park Trust Fund Landscape Initiative Municipal Building Other: TOTAL 10,000 10,000 10,000 10,000 10,000 Project Expenses 2020 2021 2022 2023 2024 Land/Easements Engineering/Architect Admin/Legal Construction Maintenance Other 10,000 10,000 10,000 10,000 10,000 TOTAL 10,000 10,000 10,000 10,000 10,000 Project Balance $ - $ - $ - $ - $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description Oakwood Park Re -align parking lot entrance and regrade/replace parking lot (in conjunction with development of the hotel site N of Muddy Cow) 2021 - Oakwood Shelter Replacement Department Parks Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt State/Other Government Units Park Improvement fund 100,000 Park Trust Fund Landscape Initiative Municipal building Other: Land Sale 550,000 TOTAL 550,000 100,000 0 0 0 Project Expenses 2020 2021 2022 2023 2024 Land/Easements Engineering/Architect 165,000 30,000 Admin/Legal Construction 385,000 70,000 Maintenance Other TOTAL 550,000 100,000 0 0 0 Project Balance $ - $ - $ - $ - $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM Hamlet Park 2020 - Hamlet Expansion - 2 ballfields & Parking Lot Prep, Backstop Repair, Building, Trail adjacentto fields and building, Skate Park 2021 - Parking lot, streets, landscaping, shade structures, remaining trails Department 2022 - Skate Park Parks 2023 - Court Reconstruction Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt State/Other Government Units Park Improvement fund 1,708,000 50,000 80,000 Park Trust Fund 1,334,000 Landscape Initiative Municipal building Other: TOTAL 1,708,000 1,334,000 50,000 80,000 Project Expenses 2020 2021 2022 2023 2024 Land/Easements Engineering/Architect 406,000 401,000 16,000 Admin/Legal Construction 1,302,000 933,000 50,000 64,000 Maintenance Other TOTAL 1,708,000 1,334,000 50,000 80,000 Project Balance $ - $ - $ - $ - $ CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM Project Title Project description Pavement Replacement 2021 - Replace Highlands Basketball Court Department Parks Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt State/Other Government Units Park Improvement fund 80,000 Park Trust Fund Landscape Initiative Municipal Building Other: TOTAL 0 80,000 0 0 0 Project Expenses 2020 2021 2022 2023 2024 Land/Easements Engineering/Architect Admin/Legal Construction 80,000 Maintenance Other TOTAL 0 80,000 0 0 0 Project Balance $ - $ - $ - $ - $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description Replace Playground equipment 2020 - Pinetree Valley Park - $50,000 2021 - Lamar & Hearthside Parks $100,000 2022 Meadow Grass & Hidden Valley Parks - $100,000 Department 2022 - Highlands Park - $100,000 Parks 2023 - Peter Thompson, Pine Tree Pond, Ideal Park 2024 - West Draw. Granada. Nina Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt State/Other Government Units Park Improvement fund 50,000 100,000 200,000 200,000 150,000 Park Trust Fund Landscape Initiative Municipal building Other: TOTAL 50,000 100,000 200,000 200,000 150,000 Project Expenses 2020 2021 2022 2023 2024 Land/Easements Engineering/Architect Admin/Legal Construction 50,000 100,000 200,000 200,000 150,000 Maintenance Other TOTAL 50,000 100,000 200,000 200,000 150,000 Project Balance $ - $ - $ - $ - $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description Michaels Point Park Construction of park as part of Michaels Point residential development Department Parks Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt State/Other Government Units Park Improvement fund Park Trust Fund 400,000 Landscape Initiative Municipal building Other: TOTAL 400,000 Project Expenses 2020 2021 2022 2023 2024 Land/Easements Engineering/Architect Admin/Legal Construction 400,000 Maintenance Other TOTAL 400,000 Project Balance $ - $ $ $ $ CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description Old Cottage Grove Parks Replace ice rink boards in "Old Cottage Grove" park Department Parks Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt State/Other Government Units Park Improvement fund 30,000 Park Trust Fund Landscape Initiative Municipal building Other: TOTAL 30,000 0 0 0 0 Project Expenses 2020 2021 2022 2023 2024 Land/Easements Engineering/Architect Admin/Legal Construction 30,000 Maintenance Other TOTAL 30,000 0 0 0 0 Project Balance $ - $ - $ - $ - $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description Glacial Valley Park 2022 - Develop and construct park - NW Corner of the Ravine Parkway & Keats Ave intersection. Park amenities include baseball diamond, hockey rink, soccer field, hard surface courts, pavillion, Department Parks Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt State/Other Government Units Park Improvement fund Park Trust Fund 2,865,005 Landscape Initiative Municipal Building Other: TOTAL 0 0 2,865,005 0 0 Project Expenses 2020 2021 2022 2023 2024 Land/Easements Engineering/Architect 661,155 Admin/Legal Construction 2,203,850 Maintenance Other TOTAL 0 0 2,865,005 0 0 Project Balance $ - $ - $ - $ - $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description Swanland Park Construction of park in Swanland property development Department Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt State/Other Government Units Park Improvement fund Park Trust Fund 500,000 Landscape Initiative Municipal Building fund Other: TOTAL 0 500,000 0 0 0 Project Expenses 2020 2021 2022 2023 2024 Land/Easements Engineering/Architect Admin/Legal Construction Maintenance Other 500,000 TOTAL 0 500,000 0 0 0 Project Balance Project Title Pavement Management Protects Department Parks CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM Project description 2021 - Arbor Meadows Park Improvements 2023 - Hearthside Park Improvements Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt 100,000 100,000 State/Other Government Units Park Improvement fund Park Trust Fund Landscape Initiative Municipal Building Other: Donations TOTAL 0 100,000 0 100,000 0 Project Expenses 2020 2021 2022 2023 2024 Land/Easements Engineering/Architect Admin/Legal Construction 100,000 100,000 Maintenance Other TOTAL 0 100,000 0 100,000 0 Project Balance $ - $ - $ - $ - $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description Lamar Park 2021 - Fencing replacement and common area resurfacing 2022 - Lamar Park Shade Shelter Replacement (2) Department Facilities Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt State/Other Government Units Park Improvement fund 75,000 80,000 Park Trust Fund Landscape Initiative Municipal Building Other: TOTAL 0 75,000 80,000 0 0 Project Expenses 2020 2021 2022 2023 2024 Land/Easements Engineering/Architect Admin/Legal Construction 75,000 80,000 Maintenance Other TOTAL 0 75,000 80,000 0 0 Project Balance $ - $ - $ - $ - $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description Trail Proiects 2023 - Woodrige Trail - Hillside to Jenner Department Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt State/Other Government Units Park Improvement fund Park Trust Fund Landscape Initiative Municipal building Other: 40,000 TOTAL 0 0 0 40,000 0 Project Expenses 2020 2021 2022 2023 2024 Land/Easements Engineering/Architect Admin/Legal Construction Maintenance Other 40,000 TOTAL 0 0 0 40,000 0 Project Balance $ - $ - $ - $ - $ - Project Title River Oaks Golf Course Parking Lot Improvements Department Parks CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM Project Description Reclaim existing parking lot, spot curb replacement, ADA improvements Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt State/Other Government Units Park Improvement fund Park Trust Fund Landscape Initiative Municipal building Other: 277,500 TOTAL - - 277,500 - Project Expenses 2020 2021 2022 2023 2024 Land/Easements Engineering/Architect 64,050 Admin/Legal Construction 213,450 Maintenance Other TOTAL - - 277,500 - Project Balance $ - $ - $ - $ - $ CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description Settler's Island 2020 - Small Vessel Landing and Picnic Pad Department Facilities Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt State/Other Government Units Park Improvement fund Park Trust Fund 12,000 Landscape Initiative Municipal Building fund Other: TOTAL 12,000 Project Expenses 2020 2021 2022 2023 2024 Land/Easements Engineering/Architect Admin/Legal Construction 12,000 Maintenance Other TOTAL 12,000 - - - Project Balance $ - $ CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM Project Title Project description Woodridqe Shade Structure 12020 - Additional unit for rentals Department Parks Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt State/Other Government Units Park Improvement fund 30,000 Park Trust Fund Landscape Initiative Municipal builiding Other: TOTAL 30,000 0 0 0 0 Project Expenses 2020 2021 2022 2023 2024 Land/Easements Engineering/Architect Admin/Legal Construction 30,000 Maintenance Other TOTAL 30,000 0 0 0 0 Project Balance $ - $ - $ - $ - $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM Project Title Project description Compost Site 12021 - Land Acquisition Department Parks Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt State/Other Government Units Park Improvement fund Park Trust Fund Landscape Initiative Municipal builiding Other: 420,000 TOTAL 0 420,000 0 0 0 Project Expenses 2020 2021 2022 2023 2024 Land/Easements 420,000 Engineering/Architect Admin/Legal Construction Maintenance Other TOTAL 0 420,000 0 0 0 Project Balance $ - $ - $ - $ - $ CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM Project Title Project description Bike Park 12020 - Pump Track Paving Department Parks Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt State/Other Government Units Park Improvement fund 10,000 Park Trust Fund Landscape Initiative Municipal builiding Other: TOTAL 10,000 0 0 0 0 Project Expenses 2020 2021 2022 2023 2024 Land/Easements Engineering/Architect Admin/Legal Construction 10,000 Maintenance Other TOTAL 10,000 0 0 0 0 Project Balance $ - $ - $ - $ - $ CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM ALL TRANSPORTATION AND PUBLIC WORKS PROJECTS Funding Sources 2020 2021 2022 2023 2024 Tax Levy $ - $ - $ - $ - $ - Bonded Debt $ 1,210,000 $ 9,898,300 $ 5,830,000 $ 387,500 $ 13,317,000 State of Minnesota/MSA $ 5,401,000 $ 800,000 $ - $ 4,420,000 $ 4,000,000 Washington County $ - $ - $ 6,707,935 $ - $ 8,150,000 Federal/Grant Funding $ - $ - $ 720,000 $ - $ 10,033,000 Area funds $ 720,000 $ 5,476,000 $ 520,000 $ 770,000 $ - Utility funds $ 2,467,000 $ 1,060,000 $ 1,790,600 $ 970,000 $ 852,000 Assessments/Developer fees $ 940,000 $ 1,367,700 $ 924,400 $ 775,000 $ 717,000 Other: $ 1,319,000 $ 750,000 $ 750,000 $ 1,137,500 $ 750,000 TOTAL 12,057,000 19,352,000 9,815,000 8,460,000 37,819,000 Project Expenses 2020 2021 2022 2023 2024 Land/Easements/Utility Relocation $ - $ 250,000 $ 500,000 $ - $ - Engineering/Architect $ 2,805,000 $ 3,598,000 $ 1,708,270 $ 1,830,000 $ 2,660,000 Admin/Legal $ - $ 104,000 $ 178,795 $ - $ - Construction $ 8,182,000 $ 14,680,000 $ 6,707,935 $ 5,910,000 $ 34,439,000 Maintenance $ 1,070,000 $ 720,000 $ 720,000 $ 720,000 $ 720,000 Other $ - $ - $ - $ - $ - TOTAL 12,057,000 19,352,000 9,815,000 8,460,000 37,819,000 Project Balance $ - $ - $ - $ - $ CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description Sealcoating The annual seal coating program was initiated in 1994 and is implemented in a seven year cycle. Assigned areas are seal coated each year - new streets two to three years after final bituminous wear surface has been placed and after their first sealcoating on a seven year rotation. New streets within developments are incorporated into the plan as they are added to the Department Public Works system. The purpose of sealcoating is to improve the quality and extend the life of City streets. Seal coating delays the need for costly street reconstruction or other corrective work for which a portion of the costs are assessed to the adiacent property owners. Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt State of Minnesota/MSA Washington County Federal/Grant Funding Area funds Utility funds Assessments/Developer fees Other: sealcoat fund 750,000 750,000 750,000 750,000 750,000 TOTAL 750,000 750,000 750,000 750,000 750,000 Project Expenses 2020 2021 2022 2023 2024 Land/Easements Engineering Admin/Legal Sealcoating Contract/Rock 350,000 350,000 350,000 350,000 350,000 Maintenance 400,000 400,000 400,000 400,000 400,000 Other TOTAL 750,000 750,000 750,000 750,000 750,000 Project Balance $ - $ - $ - $ - $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description Pavement Management 2021 - C3 (Prestige Estates), East Meadow Cliffe - (Includes ADA Improvements), F5, B1, E1 (Sandy Hills 7&8, Pine Meadows 5th, Pine Tree Pond E 1st, Thompson Grove Estates) (Includes ADA Improvements) 2022 - Thompson Grove Estates 6&7, Woodridge Park Addition, EPD (VFW to Jamaica), Kingsborough Trail - Department (Includes ADA Improvements) Public Works 2023 - See 80th Street Project - (Includes ADA Improvements) 2024 - Thompson Grove Estates 2nd, EPD (Jamaica to Hyde) - (Includes ADA Improvements) Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt 4,960,000 4,830,000 2,317,000 State of Minnesota/MSA Washington County Federal/Grant Funding Area funds Utility funds 740,000 1,070,000 532,000 Assessments/Developer fees Other: TOTAL 0 5,700,000 5,900,000 0 2,849,000 Project Expenses 2020 2021 2022 2023 2024 Land/Easements Engineering 1,270,000 1,350,000 814,000 Admin/Legal Construction 4,430,000 4,550,000 2,035,000 Machinery & equipment Other TOTAL 0 5,700,000 5,900,000 0 2,849,000 Project Balance $ - $ - $ - $ - $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description East Ravine District Infrastructure Development As residential development occurs in the East Ravine, various infrastructure will be constructed to support the new housing. This infrastructure will be paid for by Department developers either through City financed construction supported by assessments Public Works or by Developer constructed of same. 2022 - Land will need to be acauired in the East Ravine for construction of a new water towe Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt State of Minnesota/MSA Washington County Federal/Grant Funding Area funds 100,000 100,000 500,000 100,000 Utility funds Assessments/Developer funds Other: TOTAL 100,000 100,000 500,000 100,000 0 Project Expenses 2020 2021 2022 2023 2024 Land/Easements 500,000 Engineering Admin/Legal Construction 100,000 100,000 100,000 Machinery & equipment Other TOTAL 100,000 100,000 500,000 100,000 0 Project Balance $ - $ - $ - $ - $ CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM 'roject Title Project Description 3avine Parkway 2020 - Bothe East 2021 - Wolterstorff department 'ublic Works Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt State of Minnesota/MSA 900,000 800,000 Washington County Federal/Grant Funding Area funds Utility funds Assessment/Developer Fees 500,000 600,000 Other: TOTAL 1,400,000 1,400,000 0 0 0 Project Expenses 2020 2021 2022 2023 2024 Land/Easements Engineering 300,000 300,000 Admin/Legal Construction 1,100,000 1,100,000 Machinery & equipment Other TOTAL 1,400,000 1,400,000 0 0 0 Project Balance $ - $ - $ - $ - $ CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description 80th Street Reconstruction 80th Street reconstruction from Hwy 61 to Keats Avenue *2020 - Keats to Jamaica (includes ADA improvements) Department *2023 - Ideal to Hwy 61 - Includes East Point Douglas from 80th Street to T -intersection. Includes Public Works pavement replacement, spot curb replacement, and modification of Hardwood signal for dual lefts. Upgrading to concrete section from Highway 61 to Hemingway would add $3,000,000 in total costs. Includes ADA improvements Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt State of Minnesota/MSA 4,501,000 4,420,000 Washington County Federal/Grant Funding Area funds Utility funds 1,597,000 650,000 Assessment/Developer Fees Other: 419.000 TOTAL 6,517,000 0 0 5,070,000 0 Project Expenses 2020 2021 2022 2023 2024 Land/Easements Engineering 1,505,000 1,170,000 Admin/Legal Construction 5,012,000 3,900,000 Machinery & equipment Other TOTAL 6,517,000 0 0 5,070,000 0 Project Balance $ - $ - $ - $ - $ CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description CSAH 19 and TH 61 Reconstruction/realignment of bridge/overpass over highway 61 at County Rd 19 (Innovation Road) Department Project includes extension of West Point Douglas Road, Extension of 100th Street, reconstruction Public Works of West Point Douglas from Belden to Jamaica and a potential slip lane. Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt State of Minnesota/MSA 4,000,000 Washington County 8,150,000 Federal/Grant Funding 10,033,000 Area funds Utility funds Assessment/Developer Fees 717,000 Other: TOTAL 0 0 0 0 22,900,000 Project Expenses 2020 2021 2022 2023 2024 Land/Easements Engineering Admin/Legal Construction 22,900,000 Machinery & equipment Other TOTAL 0 0 0 0 22,900,000 Project Balance $ - $ - $ - $ - $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM Ravine Parkway - East Point Douglas Road to CSAH 19 Construction of roadway and infrastructure to support the Community Center and retail/commercial development. (Department Public Works Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt 4,000,000 State of Minnesota/MSA Washington County Federal/Grant Funding Area funds 1,500,000 Utility funds Assessment/Developer Fees Other: TOTAL 5,500,000 Project Expenses 2020 2021 2022 2023 2024 Land/Easements Engineering 1,300,000 Admin/Legal Construction 4,200,000 Machinery & equipment Other TOTAL 5,500,000 Project Balance $ - $ - $ - $ - $ CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description Annual well maintenance Each year a well is 'pulled' for inspection and repair of the pump and other vital parts. Department Public Works Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt State of Minnesota/MSA Washington County Federal/Grant Funding Area funds Utility funds 70,000 70,000 70,000 70,000 70,000 Assessment/Developer Fees Other: TOTAL 70,000 70,000 70,000 70,000 70,000 Project Expenses 2020 2021 2022 2023 2024 Land/Easements Engineering Admin/Legal Construction Maintenance 70,000 70,000 70,000 70,000 70,000 Other TOTAL 70,000 70,000 70,000 70,000 70,000 Project Balance $ - $ - $ - $ - $ - Project Title Annual sewer line maintenance/spot sli Department Public Works CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM Project Description 2020 - Lining trunk sewer from Jamaica and East Point down through the dog park Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt State of Minnesota/MSA Washington County Federal/Grant Funding Area funds Utility funds Assessment/Developer Fees Other: TOTAL 400,000 50,000 50,000 50,000 50,000 400,000 50,000 50,000 50,000 50,000 Project Expenses 2020 2021 2022 2023 2024 Land/Easements Engineering Admin/Legal Construction Maintenance 400,000 50,000 50,000 50,000 50,000 Other TOTAL 400,000 50,000 50,000 50,000 50,000 Project Balance $ - $ - $ - $ - $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description Streetlight system improvem Annual cost to refurbish and upgrade the City Streetlight infrastructure. Department Public Works Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt State of Minnesota/MSA Washington County Federal/Grant Funding Area funds Utility funds 100,000 100,000 100,000 100,000 100,000 Assessment/Developer Fees Other: TOTAL 100,000 100,000 100,000 100,000 100,000 Project Expenses 2020 2021 2022 2023 2024 Land/Easements Engineering Admin/Legal Construction Maintenance 100,000 100,000 100,000 100,000 100,000 Other TOTAL 100,000 100,000 100,000 100,000 100,000 Project Balance $ - $ - $ - $ - $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM 'roject Title Project Description itormwater maintenance Annual costs of pond and structure maintenance for City Stormwater system. department 'ublic Works Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt State of Minnesota/MSA Washington County Federal/Grant Funding Area funds Utility funds 100,000 100,000 100,000 100,000 100,000 Assessment/Developer Fees Other: TOTAL 100,000 100,000 100,000 100,000 100,000 Project Expenses 2020 2021 2022 2023 2024 Land/Easements Engineering Admin/Legal Construction maintenance 100,000 100,000 100,000 100,000 100,000 Other TOTAL 100,000 100,000 100,000 100,000 100,000 Project Balance $ - $ - $ - $ - $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description Swanlund Utilities Trunk water to Minnesota Pipeline Facility Trunk Sanitary from Hamlet Parkto Swanlund Property Department Public Works Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt State of Minnesota/MSA Washington County Federal/Grant Funding Area funds 20,000 20,000 20,000 20,000 Utility funds Assessment/Developer Fees Other: TOTAL 20,000 20,000 20,000 20,000 0 Project Expenses 2020 2021 2022 2023 2024 Land/Easements Engineering Admin/Legal Construction 20,000 20,000 20,000 20,000 maintenance Other TOTAL 20,000 20,000 20,000 20,000 0 Project Balance $ - $ - $ - $ - $ CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM 'roject Title Project Description 3ridge Maintenance Spot painting, guardrail upgrades, wingwall & abutment repairs department 'ublic Works Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt State of Minnesota/MSA Washington County Federal/Grant Funding Area funds Utility funds Assessment/Developer Fees Other: 150.000 TOTAL 150,000 0 0 0 0 Project Expenses 2020 2021 2022 2023 2024 Land/Easements Engineering Admin/Legal Construction 150,000 maintenance Other TOTAL 150,000 0 0 0 0 Project Balance $ - $ - $ - $ - $ CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM 'roject Title Project Description Nest Point Doulgas Road Repaving of West Point Douglas Road from Jamaica Ave to Belden department 'ublic Works Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt 1,210,000 State of Minnesota/MSA Washington County 1,350,000 Federal/Grant Funding Area funds Utility funds 100,000 Assessment/Developer Fees 440,000 Other: TOTAL 1,750,000 0 0 0 Project Expenses 2020 2021 2022 2023 2024 Land/Easements Engineering 400,000 Admin/Legal Construction 1,350,000 maintenance Other TOTAL 1,750,000 0 0 0 Project Balance $ - $ - $ - $ - $ CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM Project Title Project description Harkness Ave Reconstruction Reconstruct Harkness Avenue to an urban section with utilities, from Oakwood Park to the north Hardwood Ave intersection. Department Public Works Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt 938,300 State of Minnesota/MSA Washington County Federal/Grant Funding Area funds 1,456,000 Utility funds Assessment/Developer Fees 767,700 Other: TOTAL 0 3,162,000 0 0 0 Project Expenses 2020 2021 2022 2023 2024 Land/Easements 250,000 Engineering 728,000 Admin/Legal 104,000 Construction 2,080,000 maintenance Other TOTAL 0 3,162,000 0 0 0 Project Balance $ - $ - $ - $ - $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM Project Title Project description Industrial Park Water Tower Construct water tower on City property north of the South East Industrial Park. Department Public Works Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt State of Minnesota/MSA Washington County Federal/Grant Funding Area funds 600,000 2,400,000 Utility funds Assessment/Developer Fees Other: Land Sale TOTAL 600,000 2,400,000 0 0 0 Project Expenses 2020 2021 2022 2023 2024 Land/Easements Engineering 600,000 Admin/Legal Construction 2,400,000 maintenance Other TOTAL 600,000 2,400,000 0 0 0 Project Balance $ - $ - $ - $ - $ - Project Title 100th Street Department Public Works CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM Project Description Construction of 100th Street from Ideal Avenue to phase line between Hemingway and Heath Avenues. 9 Ton Road Design for Business Park Access Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt 1,000,000 State of Minnesota/MSA Washington County Federal/Grant Funding Area funds Utility funds 400,600 Assessment/Developer Fees 924,400 Other: TOTAL 2,325,000 Project Expenses 2020 2021 2022 2023 2024 Land/Easements Engineering 358,270 Admin/Legal 178,795 Construction 1,787,935 Machinery & equipment Other TOTAL 2,325,000 Project Balance $ - $ - $ - $ - $ CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description Jamaica Ave - 70th to Militar Reconstruction of Jamaica Ave from Rose of Sharon church to Military Road to the urban four lane section roadway. Department Public Works Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt 3,000,000 State of Minnesota/MSA Washington County Federal/Grant Funding Area funds Utility funds Assessment/Developer Fees Other: TOTAL 0 0 0 0 3,000,000 Project Expenses 2020 2021 2022 2023 2024 Land/Easements Engineering Admin/Legal Construction 3,000,000 maintenance Other TOTAL 0 0 0 0 3,000,000 Project Balance $ - $ - $ - $ - $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM Project Title I Project Description East Pt. Douglas & Jamaica I Reconstruction & realignment of the East Point Douglas Road intersections at Jamaica Ave and the Cub/Target entrances. Department Public Works Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt 8,000,000 State of Minnesota/MSA Washington County Federal/Grant Funding Area funds Utility funds Assessment/Developer Fees Other: TOTAL 8,000,000 Project Expenses 2020 2021 2022 2023 2024 Land/Easements Engineering 1,846,000 Admin/Legal Construction 6,154,000 Machinery & equipment Other TOTAL 8,000,000 Project Balance $ $ - $ $ $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description Water System 2020 - Add booster pumps in Calarosa neighborhood Department Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt State of Minnesota/MSA Washington County Federal/Grant Funding Area funds Utility funds 100,000 Assessment/Developer Fees Other: TOTAL 100,000 0 0 0 Project Expenses 2020 2021 2022 2023 2024 Land/Easements Engineering Admin/Legal Construction 100,000 maintenance Other TOTAL 100,000 0 0 0 Project Balance $ - $ - $ - $ - $ CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2020-2024 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description Century Avenue 2023 - Century Avenue from 65th Street to the City Limits upgrade to curb and gutter street section with storm sewer and trunk watermain Department Public Works Funding Sources 2020 2021 2022 2023 2024 Tax Levy Bonded Debt 387,500 State of Minnesota/MSA Washington County Federal/Grant Funding Area funds 650,000 Utility funds Assessment/Developer Fees 775,000 Other: Newport 387,500 TOTAL 2,200,000 Project Expenses 2020 2021 2022 2023 2024 Land/Easements Engineering 660,000 Admin/Legal Construction 1,540,000 Machinery & equipment Other TOTAL 2,200,000 Project Balance $ - $ - $ - $ - $ CITY OF COTTAGE GROVE Capital Improvements Plan 2020-2024 Current Year CIP Last Year CIP oints Location Description map Maintenance Replace New Total 2020 2018 80th Street CSAH19 to TH 61 Reclamation Keats to Jamaica PW1 6,517,000 6,517,000 2020 new Bike Park Pump Track Paving PR1 10,000 10,000 2020 new Bridge Maintenance Painting, Guardrail upgrades, wingwall and abutment repairs PW2 150,000 150,000 2020 2020 Hamlet Park ball field construction, Parking Lot Prep, Backstop Repair, Building, Trail adjacent to fields and building, : PR2 1,708,000 1,708,000 2020 new Business Park Water Tower Design 600,000 600,000 2020 2019 Michaels Point park development PR3 400,000 400,000 2020 2020 Pine Tree Valley park Playground equipment PR4 50,000 50,000 2020 new Oakwood Park Parking Lot Improvements PR5 550,000 550,000 2020 new Old Cottage Grove Parks Replace Rink Boards 30,000 30,000 2020 2020 Public Landscape initiative 65,000 65,000 2020 2020 Parks Park design & masterplanning 15,000 15,000 2020 new Ravine Parkway Bothe East PW3 1,400,000 1,400,000 2020 new Settler's Island Small Vessel Landing and Picnic Pad PR6 12,000 12,000 2020 2020 Swanlund property utilities 20,000 20,000 2020 2020 Sealcoat/Crackfilling Program Streets, sidewalk/curb replacement, & trails 750,000 750,000 2020 2020 Upper Ravine District City share of development infrastructure 100,000 100,000 2020 2020 Various sewer Spot replacement/slip lining, Line truck sewer from Jamaica and East Point through dog park 400,000 400,000 2020 2020 various stormwater Storm water maintenance 100,000 100,000 2020 2020 various streetlights System improvements 100,000 100,000 2020 new Water System Calarosa Booster Pumps 100,000 100,000 2020 2020 Well Maintenance Pull well 70,000 70,000 2020 new West Point Douglas Pavement Replacement 1,750,000 1,750,000 2020 new Woodridge Shade Structure New Structure 30,000 30,000 1,570,000 8,297,000 5,060,000 14,927,000 f� GoegeAl 2020 CIP Project Locations — Legend 2020 Public Works CIP Projects 2020 Parks & Rec CIP Projects CG City Boundary CG Major Roads C 70TH ST (CSAR 20) ® ISD 833 Property — L 6 ,,, �� �� ❑t �� ❑ ❑ Wetland � �� L Park and Open Space L 77TH ST Mississippi River Vu� H n n 80TH ST 85TH S �� �) �/ ��� TH ST LU 90TH ST Q Q� �� Z Z 95TH ST f Vm❑■ c LU� 103RD'T LU Q I J Q W D Location Map - 110TH ST L. U J Miles Community Development Date: 10/25/2019 M:\MG ment Projects\MGIS_Department Projects_2018\Finance\CIP 2020-2040\2020 CIP MAP FOLDER\2020 CIP Project Locations—d CITY OF COTTAGE GROVE Capital Improvements Plan 2020-2024 Current Year CIP Last Year CIP points Location Description map Maintenance Replace New Total 2021 020/2021 487 Pavement Management C3, F5, B1,E1 PW4 5,700,000 5,700,000 2021 2021 Harkness Ave - Hardwood to Woodridge Reconstruct roadway PW5 3,162,000 3,162,000 2021 2022 235 E Pt Douglas/Ravine Pkwy to CSAH 19 Phase 2 Construction CottageView PW6 5,500,000 5,500,000 2021 new Compost Site Land Acquisition PW7 420,000 420,000 2021 2020 Swanlund Park Construct park PR 7 500,000 500,000 2021 2021 Hamlet Park Parking lot, streets, landscaping, shade structures, rer PR8 1,334,000 1,334,000 2021 2021 Lamar Park Fencing replacement and resurfacing PR9 75,000 75,000 2021 2021 Lamar and Hearthside Parks Playground equipment PR10 100,000 100,000 2021 2021 Arbor Meadows Install playground PR11 100,000 100,000 2021 new Oakwood Park Shelter Replacement PR12 100,000 100,000 2021 2021 Public Landscape initiative 110,000 110,000 2021 2021 Parks Park design & masterplanning 15,000 15,000 2021 2021 Business Park Construct watertower PW8 2,400,000 2,400,000 2021 2021 Highlands park Basketball court pavement replacement 80,000 80,000 2021 2021 Ravine Parkway Wolterstorff PW9 1,400,000 1,400,000 2021 2021 Swanlund property utilities 20,000 20,000 2021 2021 Sealcoat/Crackfilling Program Streets, sidewalk/curb replacement, & trails 750,000 750,000 2021 2021 Upper Ravine District City share of development infrastructure 100,000 100,000 2021 2021 Various sewer Spot replacement/slip lining 50,000 50,000 2021 2021 various stormwater Storm water maintenance 100,000 100,000 2021 2021 various streetlights System improvements 100,000 100,000 2021 2021 Well Maintenance Pull well 70,000 1 70,000 1, 070, 000 9,042,000 1 12, 074, 000 22,186, 000 I _ f )IfrL_�!1;WA ,�4, PW E Mm Or NO Sm -..Mm oil I I IFj MS I IMP RAIN t�t W4.� 1- ra CITY OF COTTAGE GROVE Capital Improvements Plan 2020-2024 Current Year C I P Last Year CIP points I Location Description map Maintenance Replace New Total 2022 2020 100th Street - Ideal to Hemingway Construct 9 ton road PW10 2,325,000 2,325,000 Thompson Grove Estates, Woodridge Park Addition, 2022 2023 Pavement Management EPD, Kingsborough Trail PW11 5,900,000 5,900,000 2022 2022 Hamlet Park Skate Park 50,000 50,000 2022 2022 Meadowgrass, Hidden valley, Highlands Playground equipment PR14 200,000 200,000 2022 2022 Parks Park design & masterplanning 15,000 15,000 2022 2022 Public Landscape initiative 60,000 60,000 2022 new Glacial Park (formerly Ravine Park) Park construction PR15 2,865,005 2,865,005 2022 new Lamar Park Shade Shelter Replacement PR16 80,000 80,000 2022 new River Oaks Parking Lot Parking Lot Improvements PW12 277,500 277,500 2022 2022 Sealcoat/Crackfilling Program Streets, sidewalk/curb replacement, & trails 750,000 750,000 2022 2022 Swanlund property utilities 20,000 20,000 2022 2022 Upper Ravine District City share of development infrastructure 500,000 500,000 2022 2022 Various sewer Spot replacement/slip lining 50,000 50,000 2022 2022 various stormwater Storm water maintenance 100,000 100,000 2022 2022 various streetlights System improvements 100,000 100,000 2022 2022 Well Maintenance Pull well 70,000 70,000 1.347.500 8.305.000 3.710.005 13.362.505 f�Goeget� 2022 CIP Project Locations — Legend a w �- a F 2022 Parks & Rec CIP Projects o s � rrIlI �� ° �uu_ 65TH ST (C � , [- 0 9 2022 Public Works CIP Projects �U� Z CG City Boundary S.A.H. 22 �K H 70TH ST (CSAH 20) CG Major Roads(�� a ISD 833 Property m o Wetland Park and Open Space 77TH sT Mississippi River H �G � r INt85TH 80TH ST S TH ST a Q�oaM N 90TH ST Q z a 1`J n IBJ � IIL II ID ������IIIIIIIII O z a a 95TH ST �I ���III e a Qm❑ 0Ell C i S %�S 0TH ST Q 100TH S �O 103RD a a 0 i 110TH ST s' Location Map UJ l i 0 0.5 1 2 3 Community Development Date: 10/25/2019 Miles M:\MGIS_Department Projects\MGIS_Department Projects_2018\Finance\CIP 2020-2040\2022_CIP_MAP_FOLDER\2022 CIP Project Locations—d CITY OF COTTAGE GROVE Capital Improvements Plan 2020-2024 Current Year CIP I Last Year CIP points Location I Description I map I Maintenance I Replace I New I Total 2023 2022 80th Street (CSAH19 to TH 61) Ideal to Hwy 61 PW13 5,070,000 5,070,000 Peter Thompson, Pine Tree Pond, 2023 2022 Ideal Park Playground equipment PR17 200,000 200,000 2023 2023 Hamlet Park Court Reconstruction 80,000 80,000 2023 new Cenutry Ave Street, storm and water improvements PW14 2,200,000 2,200,000 2023 2022 Parks Park design & masterplanning 15,000 15,000 2023 2022 Public Landscape initiative 55,000 55,000 2023 2022 Hearthside park improvments PR18 100,000 100,000 2023 2023 Woodrigde Trail Trail Corridor from Hillside to Jenner PR19 40,000 40,000 2023 2023 Sealcoat/Crackfilling Program Streets, sidewalk/curb replacement, & trails 750,000 750,000 2023 2022 Swanlund property utilities 20,000 20,000 2023 2022 Upper Ravine District City share of development infrastructure 100,000 100,000 2023 2022 Various sewer Spot replacement/slip lining 50,000 50,000 2023 2022 various stormwater Storm water maintenance 100,000 100,000 2023 2022 various streetlights System improvements 100,000 100,000 2023 2022 Well Maintenance Pull well 70,000 70,000 1,070,000 7,350,000 530,000 8,950,000 f�Goeget� 2023 CIP Project Locations — Legend 2023 Parks & Rec CIP Projects IL 2023 Public Works CIP Projects �� ` ❑� CG Cit Boundary Y nJ �7 Wil? ICI1S 70TH ST (CSAR 20) CG Major Roads j Cti J� 1 _❑�5 �j ISD 833 Property \ � �l2,��L O O Wetland Park and Open Space 77TH sr Mississippi River �� H °J � \ \�� ���� ❑ ISL �U� �� ❑ � lU �� ti 85TH ��) ���r� TH ST a LU J�F` U 90TH ST j z F1 95TH ST El El _I LU Q J Q W D 110TH ST y� Location Map e i � V J :�. 0 0.5 1 2 3 Community Development Date: 10/25/2019 Miles M:\M GIS_Departm ent Projects\M GIS_Departm ent Projects_2018\Finance\CIP 2020-2040\2023_C IP_MAP_FOL D E R\2023 CIP Project Location s.mxd CITY OF COTTAGE GROVE Capital Improvements Plan 2020-2024 Year CIPJYear CIPI pointslLocation I Description I map I Maintenance I Replace I New I Total Bridge/Overpass improvement w/ 100th St & WPD 2024 2023 511 CSAH 19 and TH 61 extension PW15 22,900,000 22,900,000 2022 new East Point Douglas & Jamaica Reconstruction and Realignment PW16 8,000,000 8,000,000 2024 new Pavement Management Thompson Grove Estates2nd, EPD PW17 2,849,000 2,849,000 2024 2023 Jamaica 70th to Military PW18 3,000,000 3,000,000 2024 2023 To be determined Purchase land for new Public Works facility 1,400,000 1,400,000 2024 new West Draw, Granada, Nina Playground equipment PR20 150,000 150,000 2024 2024 Parks Park design & masterplanning 15,000 15,000 2024 2024 Public Landscape initiative 150,000 150,000 2024 2024 Sealcoat/Crackfilling Program Streets, sidewalk/curb replacement, & trails 750,000 750,000 2024 2024 Various sewer Spot replacement/slip lining 50,000 50,000 2024 2024 various stormwater Storm water maintenance 100,000 100,000 2024 2024 various streetlights System improvements 100,000 100,000 2024 2024 Well Maintenance Pull well 70,000 70,000 1,070,000 33,749,000 4,715,000 39,534,000 �� �`�,�� r�J l��■ i Y �r��ti � - l!L r City of Cottage Grove, MN Capital Improvement Plan 2020-2024 Stormwater utility Fund Projected Financial Position 2016 2017 2018 2019 2020 2021 2022 2023 2024 ACTUAL ACTUAL ACTUAL ESTIMATED ESTIMATED ESTIMATED ESTIMATED ESTIMATED ESTIMATED REVENUES Charges for Services $ 756,126 $ 802,571 $ 841,140 $ 806,000 $ 822,000 $ 838,000 $ 870,000 $ 870,000 $ 870,000 Intergovernmental - County/State 85,176 118,141 Interest 800 4,643 13,598 30,000 1,000 1,000 1,000 1,000 1,000 Miscellaneous 9,328 Total Revenue 756,926 892,390 982,207 836,000 823,000 839,000 871,000 871,000 871,000 EXPENDITURES Operating expenses Pavement Management Annual maintenance projects Total Expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out (35,020) (41,300) (41,300) (41,300) (41,300) (42,590) (42,590) (42,590) (42,590) Total other sources (35,020) (41,300) (41,300) (41,300) (41,300) (42,590) (42,590) (42,590) (42,590) 445,504 433,924 410,585 420,770 424,990 - 217,071 - - - 26,097 100,000 100,000 437,740 450,872 89,540 - 100,000 100,000 464,398 478,330 188,650 188,650 100,000 100,000 445,504 650,995 436,682 520,770 524,990 627,280 550,872 753,048 766,980 Increase (decrease) in fund balance 276,402 200,095 504,225 273,930 256,710 169,130 277,538 75,362 61,430 Beginning balance 337,615 614,017 814,112 1,318,337 1,592,267 1,848,977 2,018,107 2,295,645 2,371,007 Ending balance 614,017 814,112 1,318,337 1,592,267 1,848,977 2,018,107 2,295,645 2,371,007 2,432,437 Goal 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 City of Cottage Grove, MN Capital Improvement Plan 2020-2024 Sealcoating Fund Projected Financial Position 2016 2017 2018 2019 2020 2021 2022 2023 2024 ACTUAL ACTUAL ACTUAL ESTIMATED ESTIMATED ESTIMATED ESTIMATED ESTIMATED ESTIMATED REVENUES Aggregate tax $ 39,748 $ 28,442 $ 20,790 $ 30,000 $ 30,000 $ 30,000 $ 30,000 $ 30,000 $ 30,000 Franchise fees 516,931 560,492 567,875 575,000 560,000 560,000 560,000 560,000 560,000 Investment Interest 4,014 8,388 20,198 25,872 - - - - - Charges for services 180,227 172,657 17,960 - Developer charges 20,437 37,498 99,270 70,000 - - - - - Total Revenue 761,357 807,477 726,093 700,872 590,000 590,000 590,000 590,000 590,000 EXPENDITURES Commodities 36,499 33,041 68,058 40,000 35,700 35,700 35,700 35,700 35,700 Contractual services 516,984 486,843 735,317 200,000 714,300 714,300 714,300 714,300 714,300 Total Expenditures 553,483 519,884 803,375 240,000 750,000 750,000 750,000 750,000 750,000 Other Financing Sources (uses) Total transfers - - - Increase (decrease) in fund balance 207,874 287,593 (77,282) 460,872 (160,000) (160,000) (160,000) (160,000) (160,000) Balance beginning of year 650,155 858,029 1,145,622 1,068,340 1,529,212 1,369,212 1,209,212 1,049,212 889,212 Balance end of year 858,029 1,145,622 1,068,340 1,529,212 1,369,212 1,209,212 1,049,212 889,212 729,212 Goal 150, 000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 City of Cottage Grove, MN Capital Improvement Plan 2020-2024 Water utility Fund Projected Financial Position 2016 2017 2018 2019 2020 2021 2022 2023 2024 ACTUAL ACTUAL ACTUAL ESTIMATED ESTIMATED ESTIMATED ESTIMATED ESTIMATED ESTIMATED REVENUES Charges for Services $ 1,813,869 $ 2,015,450 $ 2,128,744 $ 2,291,000 $ 2,359,730 $ 2,430,522 $ 2,503,438 $ 2,578,541 $ 2,655,897 Intergovernmental - County/State 6,492 Interest 35,969 70,000 64,891 70,000 70,000 70,000 70,000 70,000 70,000 Miscellaneous 17,912 15,908 Total Revenue 1,874,242 2,085,450 2,209,543 2,361,000 2,429,730 2,500,522 2,573,438 2,648,541 2,725,897 EXPENDITURES Operating expenses 1,398,923 2,328,921 1,546,615 1,577,547 1,609,098 1,641,280 1,674,106 1,707,588 1,741,740 Water meter replacement project - 462,194 388,498 Well maintenance 70,000 70,000 - 70,000 70,000 70,000 70,000 70,000 70,000 Water tower painting 69,320 booster pumps - Calarosa 100,000 Pavement management - 133,223 - - (171,800) East Point Douglas & CSAH 19 275,579 - (176,650) Total Expenditures 1,468,923 3,269,917 2,004,433 1,647,547 1,779,098 1,711,280 1,744,106 1,777,588 1,811,740 OTHER FINANCING SOURCES (USES) Debt service interfund loan 435,000 435,000 215,525 250,000 250,000 Transfers in Transfers out (166,550) (171,500) (171,800) (171,500) (176,650) (176,650) (176,650) (176,650) (176,650) Total other sources 268,450 263,500 43,725 78,500 73,350 (176,650) (176,650) (176,650) (176,650) Increase (decrease) in fund balance 673,769 (920,967) 248,835 791,953 723,982 612,592 652,682 694,303 737,507 Beginning balance 5,245,779 5,919,548 4,998,581 5,247,416 6,039,369 6,763,350 7,375,942 8,028,624 8,722,927 Ending balance 5,919,548 4,998,581 5,247,416 6,039,369 6,763,350 7,375,942 8,028,624 8,722,927 9,460,434 Goal 1,725,000 1,725,000 1,725,000 1,725,000 1,725,000 1,725,000 1,725,000 1,725,000 1,725,000 City of Cottage Grove, MN Capital Improvement Plan 2020-2024 Sewer Utility Fund Projected Financial Position 2016 2017 2018 2019 2020 2021 2022 2023 2024 ACTUAL ACTUAL ACTUAL ESTIMATED ESTIMATED ESTIMATED ESTIMATED ESTIMATED ESTIMATED REVENUES 2,276,406 2,420,404 2,362,751 Charges for Service $ 2,379,193 $ 2,274,701 $ 2,632,931 $ 2,711,919 $ 2,793,276 $ 2,877,075 $ 2,963,387 $ 3,052,289 $ 3,143,857 Interest 41,362 51,346 56,736 45,000 45,000 45,000 45,000 45,000 45,000 Miscellaneous 13,981 20,000 52,677 - Total Revenue 2,434,536 2,346,047 2,742,344 2,756,919 2,838,276 2,922,075 3,008,387 3,097,289 3,188,857 EXPENDITURES Operating Expenses 2,276,406 2,420,404 2,362,751 2,597,990 2,649,950 2,702,949 2,757,008 2,812,148 2,868,391 Pavement Management - 312,097 - - - - - - - Sewer sliplining - spot replacement - 50,000 400,000 50,000 50,000 50,000 50,000 Lift Station 322,742 Total Expenditures 2,276,406 3,055,243 2,362,751 2,647,990 3,049,950 2,752,949 2,807,008 2,862,148 2,918,391 OTHER FINANCING SOURCES (USES) Interfund loan 250,000 250,000 250,000 250,000 Transfers in Transfers out (181,610) (187,000) (187,000) (192,600) (192,600) (192,600) (198,400) (198,400) (198,400) Total other sources (181,610) (187,000) (187,000) (192,600) (192,600) 57,400 51,600 51,600 51,600 Increase (decrease) in fund balance (23,480) (896,196) 192,593 (83,671) (404,273) 226,526 252,979 286,741 322,066 Beginning balance 2,901,489 2,878,009 1,981,813 2,174,406 2,090,735 1,686,462 1,912,988 2,165,967 2,452,708 Ending balance 2,878,009 1,981,813 2,174,406 2,090,735 1,686,462 1,912,988 2,165,967 2,452,708 2,774,774 Goal 1,725,000 1,725,000 1,725,000 1,725,000 1,725,000 1,725,000 1,725,000 1,725,000 1,725,000 City of Cottage Grove, MN Capital Improvement Plan 2020-2024 Streetlight utility Fund Projected Financial Position 2016 2017 2018 2019 2020 2021 2022 2023 2024 ACTUAL ACTUAL ACTUAL ESTIMATED ESTIMATED ESTIMATED ESTIMATED ESTIMATED ESTIMATED REVENUES (151,925) (19,964) (446,083) 13,275 30,786 90,849 28,674 58,185 Beginning balance 1,262,558 Charges for Services $ 590,534 $ 643,783 $ 752,229 $ 750,000 $ 787,500 $ 826,875 $ 868,219 $ 911,630 $ 957,211 Intergovernmental - County/State 1,000,000 Ending balance 1,252,561 1,100,636 1,080,672 634,589 Interest 6,544 9,864 12,384 10,000 10,000 10,000 10,000 10,000 10,000 Miscellaneous 21,528 41,777 69,283 150,000 150,000 150,000 150,000 150,000 150,000 1,665,000 Total Revenue 618,606 695,424 833,896 1,910,000 947,500 986,875 1,028,219 1,071,630 1,117,211 EXPENDITURES Operating expenses 482,753 616,387 686,029 707,433 757,185 772,329 787,775 803,531 819,601 Pavement management - 83,742 - - 28,390 35,110 - 89,830 89,830 Jamaica & 95th 1,500,000 Annual system improvements 100,000 100,000 120,611 100,000 100,000 100,000 100,000 100,000 100,000 Total Expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out (45,850) (47,220) (47,220) (48,650) (48,650) (48,650) (49,595) (49,595) (49,595) Total other sources (45,850) (47,220) (47,220) (48,650) (48,650) (48,650) (49,595) (49,595) (49,595) 582,753 800,129 806,640 2,307,433 885,575 907,439 887,775 993,361 1,009,431 Increase (decrease) in fund balance (9,997) (151,925) (19,964) (446,083) 13,275 30,786 90,849 28,674 58,185 Beginning balance 1,262,558 1,252,561 1,100,636 1,080,672 634,589 647,864 678,650 769,499 798,174 Ending balance 1,252,561 1,100,636 1,080,672 634,589 647,864 678,650 769,499 798,174 856,359 Goal 1,665,000 1,665,000 1,665,000 1,665,000 1,665,000 1,665,000 1,665,000 1,665,000 1,665,000 City of Cottage Grove, MN Capital Improvement Plan 2020-2024 PARK IMPROVEMENT FUND (515) Projected Financial Position Woodridge Park - Park building 2016 ACTUAL 2017 ACTUAL 2018 ACTUAL 2019 ESTIMATED 2020 ESTIMATED 2021 ESTIMATED 2022 ESTIMATED 2023 ESTIMATED 2024 ESTIMATED miscellaneous 4,362 13,801 REVENUES Total Expenditures Cell Tower Leases 439,265 375,044 397,525 309,447 360,000 360,000 360,000 360,000 360,000 Interest 2,458 6,338 10,437 21,675 11,704 (2,959) (3,038) (2,869) (3,198) other (including donations) 21,182 23,912 4,405 Transfer from general fund Total Revenue 441,723 402,564 431,874 335,527 371,704 357,041 356,962 357,131 356,802 EXPENDITURES 150,000 100,000 100,000 Total other sources - Arbor Meadows - playground 150,000 41,862 100,000 - 100,000 Increase (decrease) in fund balance 148,323 Bike park - pump track 476,093 349,316 (1,466,296) (7,959) 10,000 (32,869) (3,198) Beginning balance 321,528 CGMS fencing (ISD 833 plan) 344,997 9,885 1,170,406 (295,890) (303,849) (286,887) (319,756) Community Center planning for referendum 4,136 52,806 Ending balance 469,851 344,997 Donations - matching funding 1,170,406 - (303,849) (286,887) 10,000 10,000 10,000 10,000 10,000 Granada Park - Remove tennis courts, regrade, trail 53,801 7,672 Grey Cloud - fence & cap rail (ISD 833 plan) 30,823 Grey Cloud - soccer goals & dugout covers 23,405 Hamlet expansion 108,837 10,000 10,000 10,000 1,708,000 - 50,000 80,000 Hearthside park 50,000 100,000 Highland basketball courts 80,000 Ideal playground equipment 6,333 50,000 Kingston Park - playground remodel & tennis court 95,577 51,500 65,865 Lamar Fencing, shelter & Playground replacement 125,000 80,000 Meadowgrass, Hidden Valley & Highlands play equip 200,000 200,000 Oakwood park shelter 100,000 Old Cottage Grove Park - Rink boards 30,000 Peter Thompson play equip 75,000 Pine Glen & Old Cottage Grove Parks - Play equipment 36,365 Pinetree Valley Park - Play equipment 50,000 Pinetree Pond Play equipment 75,000 WAG Farms Dog Park Waterline 25,780 West Draw, Granada & Nina Park play equipment 150,000 Woodridge Park - Park building 30,000 miscellaneous 4,362 13,801 Total Expenditures 293,400 177,418 105,781 86,211 1,938,000 365,000 340,000 390,000 360,000 OTHER FINANCING SOURCES (USES) Transfer from general fund Transfer (to) from park trust for inclusive play (350,000) 150,000 100,000 100,000 Total other sources - (350,000) 150,000 100,000 100,000 - Increase (decrease) in fund balance 148,323 (124,854) 476,093 349,316 (1,466,296) (7,959) 16,962 (32,869) (3,198) Beginning balance 321,528 469,851 344,997 821,090 1,170,406 (295,890) (303,849) (286,887) (319,756) Ending balance 469,851 344,997 821,090 1,170,406 (295,890) (303,849) (286,887) (319,756) (322,954) City of Cottage Grove, MN Capital Improvement Plan 2020-2024 PARK TRUST FUND (570) Projected Financial Position 2016 2017 2018 2019 2020 2021 2022 2023 2024 ACTUAL ACTUAL ACTUAL ESTIMATED ESTIMATED ESTIMATED ESTIMATED ESTIMATED ESTIMATED REVENUES Intergovernmental - 100,000 Miscellaneous - - - - - Park Dedication Fees 228,088 403,587 853,659 469,100 500,000 500,000 300,000 200,000 200,000 special assessments 43,621 41,877 40,130 38,386 36,641 Interest 400,000 13,986 27,070 550,000 Inclusive playground donations 105,825 194,379 - 15,000 Land sale 12,000 Swanlund Park (100,000) 550,000 Miscellaneous - Refunds & Reimbursements - 40,000 10,269 Total other sources - Total Revenue 377,534 739,843 918,044 534,556 1,086,641 500,000 300,000 200,000 200,000 EXPENDITURES 112,591 697,877 Miscellaneous 3,309 3,160 2,797 117 977,000 Camel's Hump Park - develop & trails 81,197 1,781 2,299 55,000 Glacial Valley Park (Ravine Parkway) OTHER FINANCING SOURCES (USES) 2,865,005 Hamlet Park Expansion 24,025 85,057 1,334,000 Inclusive playground 28,085 692,936 Michaels Pointe Park 400,000 Oakwood Park - entrance & parking lot - 550,000 Parks - masterplanning - 15,000 15,000 15,000 15,000 15,000 15,000 River Oaks overlook 15,000 Settlers Island landing/picnic pad 12,000 Swanlund Park (100,000) 500,000 Woodridge Trail - 40,000 Total Expenditures 112,591 697,877 26,822 117,473 977,000 1,849,000 2,880,005 55,000 15,000 OTHER FINANCING SOURCES (USES) Transfer from General Fund Transfer FROM (to) park improvement 350,000 (150,000) (100,000) (100,000) - - - Total other sources - 350,000 (150,000) (100,000) (100,000) - - Increase (decrease) in fund balance 264,943 391,966 741,222 317,083 9,641 (1,349,000) (2,580,005) 145,000 185,000 Beginning balance (392,496) (127,553) 264,413 1,005,635 1,322,718 1,332,359 (16,641) (2,596,646) (2,451,646) Ending balance (127,553) 264,413 1,005,635 1,322,718 1,332,359 (16,641) (2,596,646) (2,451,646) (2,266,646) City of Cottage Grove, MN Capital Improvement Plan 2020-2024 MUNICIPAL BUILDING FUND (525) Projected Financial Position EXPENDITURES Ice Arena refrigeration 2016 ACTUAL 2017 ACTUAL 2018 ACTUAL 2019 ESTIMATED 2020 ESTIMATED 2021 ESTIMATED 2022 ESTIMATED 2023 ESTIMATED 2024 ESTIMATED Municipal building expenses 28,073 41,527 73,357 15,753 REVENUES 33,614 3,570 - - 1,400,000 Property taxes 497,544 496,538 251,476 250,000 250,000 250,000 250,000 250,000 250,000 intergovernmental 111,978 277,976 1,769,041 13,559,844 tower rental - PW Tower 15,273 34,089 52,557 44,030 30,000 30,000 30,000 30,000 30,000 Miscellaneous 52,507 44,673 52,337 113,000 Total Revenue 677,302 853,276 2,125, 411 13, 966, 874 280,000 280,000 280,000 280,000 280,000 EXPENDITURES Ice Arena refrigeration 2,028,019 Municipal building expenses 28,073 41,527 73,357 15,753 PW expenses 33,614 3,570 - - 1,400,000 HERO Center 117,575 564,527 3,488,533 11,220,266 - Fire Station #2 284,364 6,770,852 2,245,158 Total Expenditures 430,012 7,376,906 5,840,662 13,267,608 - - - - 1,400,000 Other Financing Sources (uses) Bond proceeds 9,141,739 6,908,221 1,400,000 Transfer out for interfund loan (510,610) 3,596,291 (243,850) (250,000) (250,000) (250,000) (250,000) (250,000) (250,000) Transfer from General Fund 49,452 38,872 Total other sources (461,158) 12,738,030 (204,978) 6,658,221 (250,000) (250,000) (250,000) (250,000) 1,150,000 Increase (decrease) in fund balance (213,868) 6,214,400 (3,920,229) 7,357,487 30,000 30,000 30,000 30,000 30,000 Beginning balance 343,809 129,941 6,344,341 2,424,112 9,781,599 9,811,599 9,841,599 9,871,599 9,901,599 Ending balance 129,941 6,344,341 2,424,112 9,781,599 9,811,599 9,841,599 9,871,599 9,901,599 9,931,599 Goal 500,000 1,000,000 1,500,000 2,000,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000 REVENUES special assessments Interest Miscellaneous Total Revenue EXPENDITURES City of Cottage Grove, MN Capital Improvement Plan 2020-2024 PAVEMENT MANAGEMENT FUND Projected Financial Position 2016 2017 2018 2019 2020 2021 2022 2023 2024 ACTUAL ACTUAL ACTUAL ESTIMATED ESTIMATED ESTIMATED ESTIMATED ESTIMATED ESTIMATED - 164,386 73,026 60,000 157,950 800,000 800,000 150,000 400,000 10,904 10,900 17,331 36,240 20,000 20,000 46,799 55,267 57,319 10,904 175,286 90,357 96,240 177,950 820,000 846,799 205,267 457,319 PM 2014-F1 610 PM 2015 - F2, 90th, Grey Cloud Tr 51,201 PM 2016 - F3, F5 4,291,819 84,395 32,102 PM 2017 - 131 80,555 1,325,811 39,883 232 PM 2019-2020 WPD refurb 11,818 1,750,000 PM 2021 - F5, B1, E1 5,700,000 PM 2022- Thompson Grove Estates 6 & 7 5,900,000 PM 2024 - Thompson Grove Estates 2nd 2,849,000 Total Expenditures 4,424,185 1,410,206 71,985 12,050 1,750,000 5,700,000 5,900,000 - 2,849,000 Revenue over Expenditures (4,413,281) (1,234,920) 18,372 84,190 (1,572,050) (4,880,000) (5,053,201) 205,267 (2,391,681) Other Financing Sources (uses) Bond proceeds 4,301,744 1,210,000 4,960,000 4,830,000 2,317,000 Transfers from MSA fund 875,969 927,996 Transfer from general fund 25,915 Transfers from utility funds 900,931 877,982 100,000 740,000 1,070,000 532,000 Total other sources 6,078,644 1,805,978 25,915 - 1,310,000 5,700,000 5,900,000 - 2,849,000 Increase (decrease) in fund balance 1,665,363 571,058 44,287 84,190 (262,050) 820,000 846,799 205,267 457,319 Beginning balance 1,757,032 3,422,395 3,993,453 4,037,740 4,121,930 3,859,880 4,679,880 5,526,679 5,731,946 Ending balance 3,422,395 3,993,453 4,037,740 4,121,930 3,859,880 4,679,880 5,526,679 5,731,946 6,189,265 Goal (this fund should break even) City of Cottage Grove, M N Capital Improvement Plan 2020-2024 MSA CONSTRUCTION FUND Projected Financial Position 2016 2017 2018 2019 2020 2021 2022 2023 2024 ACTUAL ACTUAL ACTUAL ESTIMATED ESTIMATED ESTIMATED ESTIMATED ESTIMATED ESTIMATED REVENUES Municipal State Aid Construction funds $ 1,732,719 $ 586,542 $ 1,596,921 $ 1,528,233 $ 4,501,000 $ 800,000 $ - $ 4,420,000 $ 1,471,000 Special assessments 126,982 506,087 288,979 605,919 125,000 125,000 125,000 125,000 125,000 Intergovernmental - County/State 1,477,725 416,365 600,000 387,500 22,183,000 Developer fees (includes school district) 823,572 1,173,167 767,700 924,400 775,000 717,000 Interest 36,064 2,158 33,829 Miscellaneous - 46,944 419,000 Total Revenue 3,420,434 21334,724 3,692,896 2,134,152 51045,000 11692,700 1,049,400 5,707,500 24,496,000 EXPENDITURES Professional services -miscellaneous 13,917 1,070 2,750 CSAH 22 55,910 Century Ave - 65th to the city border 2,200,000 east point Douglas - Roundabout 134,908 2,534,303 55,529 14,231 Trails/sidewalks 76,410 Ravine parkway Phase 3, 4, 5 593,337 6,941,831 4,097,367 1,400,000 1,400,000 EPD & Ravine Pkwy - Cottage View & Comm Ctr 5,500,000 Jamaica Ave - 70th to Military 3,682,193 257,272 5,485 3,924 3,000,000 70th Street (in three phases) 240,497 3,540 1,000,286 100th Street 2,325,000 Hadley Avenue street work 90th - 100th 3,999,281 1,420,227 17,761 228 65th Street 2,293,826 4,451 Hadley Ave North of 65th 86,561 54,391 80th Street (CSAH19 to TH 61) Reclamation 3,532 5,810 6,517,000 5,070,000 - Bridge maintenance 21,264 150,000 East Point Douglas - Jamaica intersection 8,000,000 CSAH 19 and TH 61 - full reconst bridge 22,900,000 Harkness Ave Reconstruction 3,162,000 Total Expenditures 7,830,299 5,208,607 9,378,484 5,204,702 8,067,000 10,062,000 21325,000 7,270,000 33,900,000 OTHER FINANCING SOURCES (USES) Bond Proceeds 7,268,977 1,000,000 4,938,300 1,000,000 387,500 11,000,000 Transfers in 900,932 81,419 1,020,476 1,055,784 1,597,000 1,851,000 400,600 650,000 877,000 Transfers out - PM (875,969) Total other sources 24,963 81,419 8,289,453 1,055,784 2,597,000 6,789,300 1,400,600 1,037,500 11,877,000 Increase (decrease) in fund balance (4,384,902) (2,792,464) 2,603,865 (2,014,766) (425,000) (1,580,000) 125,000 (525,000) 2,473,000 Beginning balance 4,142,244 (242,658) (3,035,122) (431,257) (2,446,023) (2,871,023) (4,451,023) (4,326,023) (4,851,023) Ending balance (242,658) (3,035,122) (431,257) (2,446,023) (2,871,023) (4,451,023) (4,326,023) (4,851,023) (2,378,023) Goal 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 City of Cottage Grove, MN Capital Improvement Plan 2020-2024 Water Area Fund Projected Financial Position 2016 2017 2018 2019 2020 2021 2022 2023 2024 ACTUAL ACTUAL ACTUAL ESTIMATED ESTIMATED ESTIMATED ESTIMATED ESTIMATED ESTIMATED REVENUES 97,847 (853,735) (117,756) (91,593) (1,891,593) (161,593) 308,407 338,407 Developer fees $ 211,874 $ 538,550 $ 803,885 $ 562,766 $ 500,000 $ 500,000 $ 300,000 $ 300,000 $ 300,000 Special Assessments 86,344 46,874 42,056 40,228 48,407 48,407 48,407 48,407 48,407 Intergovernmental - County/State 1,969,087 1,900,000 358,608 16,187 (293,448) 14,959 353,366 Interest 13,878 24,041 24,315 42,768 Goal 2,500,000 2,500,000 Miscellaneous 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000 Total Revenue 312,096 2,509,465 1,228,864 661,949 548,407 548,407 348,407 348,407 348,407 EXPENDITURES CP Rail project 210,349 East Ravine infrastructure development - 146,027 30,000 30,000 30,000 500,000 30,000 - Interim Water Treatment project 1,900,000 250,884 204,220 Miscellaneous 59,996 Ravine Parkway I & II 392,590 swanlund property 10,000 10,000 10,000 10,000 10,000 Water tower - Business park 600,000 2,400,000 Watermain extensions 152,895 Well #12 365,591 1,771,719 Total Expenditures 210,349 2,411,618 2,082,599 779,705 640,000 2,440,000 510,000 40,000 10,000 OTHER FINANCING SOURCES (USES) Bond Proceeds Transfers in Transfers out Total other sources Increase (decrease) in fund balance 101,747 97,847 (853,735) (117,756) (91,593) (1,891,593) (161,593) 308,407 338,407 Beginning balance 2,623,228 2,724,975 2,822,822 1,969,087 1,851,331 1,759,738 (131,855) (293,448) 14,959 Ending balance 2,724,975 2,822,822 1,969,087 1,851,331 1,759,738 (131,855) (293,448) 14,959 353,366 Goal 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000 REVENUES Developer fees Special Assessments Intergovernmental - County/State Interest Miscellaneous EXPENDITURES City of Cottage Grove, MN Capital Improvement Plan 2020-2024 Sewer Area Fund Projected Financial Position 2016 2017 2018 2019 2020 2021 2022 2023 2024 ACTUAL ACTUAL ACTUAL ESTIMATED ESTIMATED ESTIMATED ESTIMATED ESTIMATED ESTIMATED $ 176,637 $ 635,500 $ 770,175 $ 480,478 $ 200,000 $ 200,000 $ 200,000 $ 200,000 $ 200,000 99,201 33,190 25,180 24,000 39,090 39,090 39,090 39,090 39,090 2,003 10,000 Total Revenue 275,838 668,690 797,358 514,478 239,090 239,090 239,090 239,090 239,090 East Ravine infrastructure development Harkness HyVee Miscellaneous Ravine Parkway I & II Swanlund property 15,117 48,600 2,772 46,566 35,000 35,000 305,880 35,000 485,333 35,000 10,000 10,000 10,000 10,000 10,000 Total Expenditures 15,117 51,372 46,566 340,880 45,000 530,333 10,000 45,000 10,000 OTHER FINANCING SOURCES (USES) Debt Service - principal & interest - (277,375) (286,880) - - - - - - Transfers in Total other sources - (277,375) (286,880) - - - - - Increase (decrease) in fund balance 260,721 339,943 463,912 173,598 194,090 (291,243) 229,090 194,090 229,090 Beginning balance (930,601) (669,880) (329,937) 133,975 307,573 501,663 210,420 439,510 633,600 Ending balance (669,880) (329,937) 133,975 307,573 501,663 210,420 439,510 633,600 862,690 Goal 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 City of Cottage Grove, MN Capital Improvement Plan 2020-2024 Storm Water Area Fund Projected Financial Position 2016 2017 2018 2019 2020 2021 2022 2023 2024 ACTUAL ACTUAL ACTUAL ESTIMATED ESTIMATED ESTIMATED ESTIMATED ESTIMATED ESTIMATED REVENUES 634,054 704,565 159,155 2,740,501 35,000 1,005,666 Developer fees $ 260,977 $ 855,648 $ 1,202,877 $ 773,389 $ 300,000 $ 300,000 $ 300,000 $ 300,000 $ 300,000 Special Assessments 117,162 77,800 70,699 72,621 69,549 69,549 69,549 69,549 69,549 Intergovernmental - County/State 600,000 Transfers in (out) Interest 14,619 29,531 66,800 119,296 Miscellaneous - - - 1,600,000 - - - Total Revenue 992,758 962,979 1,340,376 965,306 369,549 369,549 369,549 369,549 369,549 EXPENDITURES 369,549 334,549 369,549 Beginning balance 2,816,174 3,174,878 3,433,292 65th Street 4,439,318 233,862 4,137,750 4,507,299 4,841,848 95th & Jamaica Improvements 1,526,187 Ending balance Business park pond & grading 214,214 1,605 104,684 4,773,867 4,137,750 4,507,299 4,841,848 East Point Douglas & CSAH 19 350,246 East Ravine infrastructure 118,599 2,500,000 35,000 35,000 35,000 35,000 Harkness 2,500,000 2,500,000 2,500,000 970,666 HyVee 400,000 Miscellaneous 19,840 253 32,951 Ravine parkway phase I & II 1,179,314 Summers landing oversizing 21,520 Total Expenditures 634,054 704,565 159,155 2,740,501 35,000 1,005,666 35,000 OTHER FINANCING SOURCES (USES) Bond Proceeds Transfers in (out) 1,600,000 Total other sources - - - 1,600,000 - - - - Increase (decrease) in fund balance 358,704 258,414 1,181,221 (175,195) 334,549 (636,117) 369,549 334,549 369,549 Beginning balance 2,816,174 3,174,878 3,433,292 4,614,513 4,439,318 4,773,867 4,137,750 4,507,299 4,841,848 Ending balance 3,174,878 3,433,292 4,614,513 4,439,318 4,773,867 4,137,750 4,507,299 4,841,848 5,211,397 Goal 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000