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Home My WebLink About2021-09-27 PACKET 06.3.STAFF REPORT CASE: CP2021-064 ITEM: 6.3 PUBLIC MEETING DATE: 9/27/21 TENTATIVE COUNCIL REVIEW DATE: 10/20/21 APPLICATION APPLICANT: City of Cottage Grove REQUEST: A comprehensive plan amendment to amend the Capital Improvement Program (CIP) 2022-2026. SITE DATA LOCATION: N/A ZONING: N/A GUIDED LAND USE: N/A LAND USE OF ADJACENT PROPERTIES: CURRENT GUIDED NORTH: EAST: N/A SOUTH: WEST: SIZE: N/A DENSITY: N/A RECOMMENDATION Approval. 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 2022-2026 — Case No. CP2021-064 September 27, 2021 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 2022 through 2026. The CIP also identifies funding sources for each project. For the 2022-2026 period, a total of $186 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 2022-2026 Capital Improvement Plan is consistent with the City's Comprehensive Plan and recommend that the City Council approve the document. Prepared by: Robin Roland Finance Director Attachment: 2022-2026 CIP City of Cottage Grove Capital Improvements Plan 2022-2026 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 $53.2 million for 2022 of which $33.8 million is related to the construction of the Intermediate Zone Water Treatment Plant (under the 3M Settlement financing plan), $5.5 million for construction of infrastructure on the Cottage View site with potential Federal grant funding and $6.4 million related to potential Development related infrastructure between 100t" and 105t" Street in the Business Park. This document covers the period from 2022 to 2026 and is organized by the funding sources of the improvement project. Over the next five years $186 million in projected improvements have been identified. Included in this $186 million is $34.8 million in levy supported debt. The remaining dollars come from other identified sources. Comparison of total funding by year to last years CIP 2022 2023 2024 2025 total21-24 2022-2026 CIP $ 53,227,460 $ 48,105,000 $ 27,575,000 $ 22,807,000 $ 150,714,460 2021-2025 CIP $ 25,355,000 $ 20,074,000 $ 12,433,000 $ 41,935,000 $ 99,797,000 Difference () $ 26,872,460 $ 28,031,000 $ 15,142,000 $ (19,128,000) $ 50,917,460 The significant difference reflected herein is due to the final settlement plan for the use of 3M litigation funding to provide safe drinking water Cottage Grove and other eastern metropolitan area municipalities. The plan provides for capital expenditures for construction of water treatment facilities and for 20 years of operating and maintenance costs for those facilities. 2022-2026 CIP Introduction 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 2021, sealcoating trails combined with curb and sidewalk repair were the primary projects financed by the fund, along with a mill and overlay test project. The test project was a success, both fiscally and in terms of roadway maintenance. Sealcoating for trails and curb and sidewalk repair will continue out of this fund, but a shift to mill and overlay projects as the primary method for roadway maintenance will occur. 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 2022 projects identified include storm water ponds and facility 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 2021 and restored the fund to a level where necessary annual budgeted maintenance is supported. The rate study for this fund was completed in 2021 and recommends annual rate increases of 3% per year for the next 5 years. 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 $780,000 in the next 5 years. Construction of a $4.3 million water tower in the business park is slated for 2023 with engineering costs funded in 2022. Sanitary Sewer Utility The sanitary sewer utility includes $1.2 million 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 completed with Pavement Management projects. 2022-2026 CIP Introduction 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 $1.9 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. 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 Public Works/Park facility space needs study was completed in 2020 and identified opportunities for renovation of the current facility. As part of the 3M settlement, the Water treatment facility to be built in 2023 will include the relocation of Utilities staff in an addition to that building. This will free up space in the current facility to be renovated until further expansion is required. 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 has been $1.48 million per year. In 2020, the City of Cottage Grove advance funded $4 million to pay for the 2nd phase of the 80t" Street reclamation project. The advance will be paid off in 2022 when part of the yearly allocation may be available for the Ravine Parkway section proposed for that 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: 2023 E Pt Douglas & Jamaica Reconfiguration 6,010,000 2025 80th Street Phase 3 Reclamation 6,040,000 2025 E Pt Douglas & CSAH 19 Innovation Road bridge 4,000,000 Total $16,050,000 2022-2026 CIP Introduction 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 $22.6 million, of which $10 million would be assessed to benefiting property owners and $17.1 million would be bonded. Future property taxes levies would repay these bonds. Funding Location Total Assessments Debt Other 2023 Thompson Grove 3&4 $6,885,000 $3,095,000 $3,598,000 $3,287,000 2024 Thompson Grove 6&7, Prestige Estates 4,938,000 2,220,000 4,303,000 635,000 2025 Thompson Grove 1 &8, East Point Douglas 6,057,000 2,725,000 5,278,000 779,000 2026 Thompson Grove 2nd 1 4,745,000 2,135,000 1 3,965,000 1 780,000 $22,625,000 $10,155,000 1 $17,144,000 1 $5,481,000 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 $8 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. Filtration was added to Wells 3 and 10 in 2017 (funded by the MNPCA). Future Projects addressing the PFC issue will be funded by the 3M settlement and reimbursed by the MNPCA through the area fund. Sanitary Sewer Area Fund Funding for projects identified in the Storm Water Area Fund from 2021-2025 includes construction of Harkness Avenue and the portion of Ravine Parkway part of the Shoppes at Cottage View site. Storm Water Area Fund Funding for projects identified in the Storm Water Area Fund from 2021-2025 includes construction of Harkness Avenue and the portion of Ravine Parkway part of the Shoppes at Cottage View site. The debt would then be repaid with future storm water area charges or storm water utility charges. 2022-2026 CIP Introduction 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 2017 2018 2019 2020 2021 2022 Actual Tax Base $29,158,000 $31,648,068 $34,058,859 $36,682,060 $39,918,539 $42,134,659 % Change 4.1 % 8.3% 8.1 % 8.2% 9.2% 6.3% 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 2022 and 2023 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 2022-2026 PROJECTS BY PROGRAM CATEGORY NOTE: This recap includes the total project cost. See the individual project page for funding sources PROGRAM CATEGORY 2021 2022 2023 2024 2025 2026 General Public Buildings PW space needs & land acquisition 3,000,000 9,300,000 General Public Buildings total 3,000,000 9,300,000 Parks & Recreation Facilities Matching grant funds 10,000 10,000 10,000 10,000 10,000 10,000 Public Landscape initiative 180,000 40,000 115,000 60,000 100,000 55,000 Parks - design & planning 15,000 15,000 15,000 15,000 15,000 15,000 Hamlet Park Expansion 1,500,000 30,000 80,000 500,000 4,000,000 100,000 Lamar Park Fencing & Shade Shelter replacement 75,000 80,000 Lamar play equipment 50,000 Oakwood park - Parking lot & shelter replacement 850,000 Hearthside Park: Basketball Court, Pavement Mgmt, Fence & Backstop 50,000 100,000 100,000 Oltman Middle School Ballfields 1,000,000 Michaels Pointe Park 400,000 Ice Arena Dehumidifier and Radiant Heater Replacement 200,000 35,000 Glacial Valley Park 520,000 2,000,000 860,000 Arbor meadows Pavement Management 100,000 Peter Thompson, Pine tree Pond, Ideal park play equipment 200,000 West draw, Granada & Nina Park play equipment 150,000 Hardwood and Belden play equipment 100,000 Highland basketball court 80,000 Highlands, Meadow Grass, Hidden Valley play equipment 200,000 River Oaks Parking Lot 300,000 Compost Site land acquisition 420,000 Belden Park Backstop Repair and Curbing 30,000 Kingston Park Building Replacement and Additional Power 600,000 Neighborhood Park Development 4,000,000 500,000 500,000 Woodridge Park Trail & Rink Boards 40,000 50,000 Outdoor Fitness Equipment 30,000 Lighting: Pine Tree Valley & Lamar Park 100,000 Swanlund Park - Strawberry fields 500,000 Parks & Recreation Facilities 3,710,000 945,000 6,890,000 3,395,000 5,460,000 730,000 Public Utilities Facilities Spot replacement/slip lining - Sewer 50,000 1,000,000 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 100,000 150,000 200,000 200,000 200,000 200,000 Trunk Utility Oversizing 20,000 20,000 20,000 20,000 20,000 20,000 Upper Ravine district infrastructure 100,000 50,000 50,000 50,000 50,000 50,000 Pull well - annual maintenance 70,000 70,000 70,000 70,000 70,000 70,000 Booster pumps Calarosa 100,000 Water Tower Painting/Rehab 330,000 220,000 Construct Water Tower - Business park 200,000 4,300,000 Traffic Signals 350,000 350,000 3M Settlement Implementation 33,800,000 15,860,000 5,000,000 Trunk Sewer Extension 2,900,000 Public Utilities Facilities total 3,340,000 35,820,000 21,220,000 5,490,000 840,000 490,000 City of Cottage Grove, MN Capital Improvement Plan 2022-2026 PROJECTS BY PROGRAM CATEGORY NOTE: This recap includes the total project cost. See the individual project page for funding sources PROGRAM CATEGORY 2021 2022 2023 2024 2025 2026 Street & Road Improvement Projects Jamaica Ave 1,500,000 3,000,000 80th Street (CSAH19 to TH 61) Reconstruction 8,100,000 1,000,000 CSAH 19 and TH 61 22,900,000 100th Street - Ideal to Hemingway/Hadley, Jamaica to Innovation 2,047,300 540,000 750,000 Harkness Ave Reconstruction 3,162,000 Ravine parkway 1,600,000 1,600,000 1,600,000 Ravine parkway & E Pt Douglas (Cottage View) 5,500,000 E Pt Douglas & Jamaica 1,185,000 7,760,000 105th St 4,380,160 Roadway Maintenance 750,000 1,750,000 750,000 750,000 750,000 750,000 Subtotal before PM 2,250,000 16,462,460 10,110,000 4,452,000 10,450,000 28,400,000 PM 2021 2,541,000 PM 2022 PM 2023 6,885,000 PM 2024 4,938,000 PM 2025 6,057,000 PM 2026 4,745,000 Road & Street Improvement projects total 4,791,000 16,462,460 16,995,000 9,390,000 16,507,000 33,145,000 GRAND TOTAL $ 11,841,000 $ 53,227,460 $ 48,105,000 $ 27,575,000 $ 22,807,000 $ 34,365,000 CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2022-2026 CAPITAL IMPROVEMENT PROGRAM FACILITIES AND PARK PROJECTS Funding Sources 2022 2023 2024 2025 2026 Tax Levy $ - $ - $ - $ - $ - Bonded Debt $ - $ 1,000,000 $ 8,800,000 $ 100,000 $ - State/Other Government Units $ - $ - $ - $ - $ - Park Improvement fund $ 370,000 $ 320,000 $ 260,000 $ 790,000 $ 160,000 Park Trust Fund $ 535,000 $ 4,455,000 $ 2,875,000 $ 4,015,000 $ 515,000 Landscape Initiative $ 40,000 $ 115,000 $ 60,000 $ 100,000 $ 55,000 Municipal Building Fund $ - $ 2,000,000 $ 500,000 $ - $ - Other: $ - $ 2,000,000 $ 200,000 $ 455,000 $ - TOTAL 945,000 9,890,000 12,695,000 5,460,000 730,000 Project Expenses 2022 2023 2024 2025 2026 Land/Easements - 2,000,000 - 420,000 - Engineering/Architect 171,000 1,815,000 650,000 1,115,000 35,000 Admin/Legal - - - - - Construction 724,000 5,950,000 11,775,000 3,780,000 630,000 Maintenance - - - - - Other 50,000 125,000 270,000 145,000 65,000 TOTAL 945,000 9,890,000 12,695,000 5,460,000 730,000 Project Balance $ - $ - $ - $ - $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2022-2026 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description PW & Parks Facility 2023 - Heated metal building for equipment storage ($2,000,000); Utilities Division Building Design ($1,000,000) 2024 - Internal office remodel ($500,000), Utilities Division Building Construction ($8,800,000) Department Public Works Funding Sources 2022 2023 2024 2025 2026 Tax Levy Bonded Debt 1,000,000 8,800,000 State/Other Government Units Park Improvement fund Park Trust Fund Landscape Initiative Municipal Building 2,000,000 500,000 Other: Utility Fund TOTAL 0 3,000,000 9,300,000 0 0 Project Expenses 2022 2023 2024 2025 2026 Land/Easements Engineering/Architect 1,300,000 75,000 Admin/Legal Construction 1,700,000 9,225,000 Maintenance Other TOTAL 0 3,000,000 9,300,000 0 0 Project Balance $ - $ - $ - $ - $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2022-2026 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description 2022 - City Hall/Ravine Parkway Landscaping Recovery ($20,000), Hamlet Park South Expansion Restoration ($5,000 grant match), Camel's Hump Native Habitat Restoration ($5,000 grant match), Settler's Island Native Public Landscape Initiative Habitat Restoration ($5,000 grant match), Kingston Park Restoration ($5,000 grant match) 2023 - 90th Street CSAH 19 to Jamaica ($50,000), Glacial Valley Park Landscaping ($50,000), Pine Tree Valley/Pine Tree Pond Park Restoration ($15,000) 2024 - Jamaica Ave 100th to HWY Ramps ($50,000), Cottage Grove Trailway Corridor Restoration ($10,000 Department grant match) Parks 2025 - 80th St HWY 61 to Ideal ($50,000), Oakwood Park ($50,000) 2026 - Future ROW Beautification ($50,000), Public Facility Beautification ($5,000) Funding Sources 2022 2023 2024 2025 2026 Tax Levy Bonded Debt State/Other Government Units Park Improvement fund Park Trust Fund Landscape Initiative 40,000 115,000 60,000 100,000 55,000 Municipal Building Other: TOTAL 40,000 115,000 60,000 100,000 55,000 Project Expenses 2022 2023 2024 2025 2026 Land/Easements Engineering/Architect Admin/Legal Construction Maintenance Other 40,000 115,000 60,000 100,000 55,000 TOTAL 40,000 115,000 60,000 100,000 55,000 Project Balance $ - $ - $ - $ - $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2022-2026 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 2022 2023 2024 2025 2026 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 2022 2023 2024 2025 2026 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 2022-2026 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 2022 2023 2024 2025 2026 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 2022 2023 2024 2025 2026 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 2022-2026 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description Hamlet Park 2022 - Soccer/Football Field #2 restoration and irrigation 2023 - Court Reconstruction 2024 - Plaza Area Department 2025 - Hamlet Park - Remaining Ball Fields, Parking Lot, Sidewalk Parks 2026 - Skate Park Surface Replacement Funding Sources 2022 2023 2024 2025 2026 Tax Levy Bonded Debt State/Other Government Units Park Improvement fund 30,000 80,000 100,000 Park Trust Fund 500,000 4,000,000 Landscape Initiative Municipal building Other: TOTAL 30,000 80,000 500,000 4,000,000 100,000 Project Expenses 2022 2023 2024 2025 2026 Land/Easements Engineering/Architect 1,000,000 20,000 Admin/Legal Construction 30,000 80,000 500,000 3,000,000 80,000 Maintenance Other TOTAL 30,000 80,000 500,000 4,000,000 100,000 Project Balance $ - $ - $ - $ - $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2022-2026 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description Replace Playground equipment 2022 - Highlands, Meadow Grass, Hidden Valley Parks - $200,000 2023 - Peter Thompson, Pine Tree Pond, Ideal Park - $200,000 2024 - West Draw, Granada, Nina - $150,000 Department 2025 - Hardwood and Belden Parks - $100,000 Parks Funding Sources 2022 2023 2024 2025 2026 Tax Levy Bonded Debt State/Other Government Units Park Improvement fund 200,000 200,000 150,000 100,000 Park Trust Fund Landscape Initiative Municipal building Other: TOTAL 200,000 200,000 150,000 100,000 0 Project Expenses 2022 2023 2024 2025 2026 Land/Easements Engineering/Architect Admin/Legal Construction 200,000 200,000 150,000 100,000 Maintenance Other TOTAL 200,000 200,000 150,000 100,000 0 Project Balance $ - $ - $ - $ - $ - Project Title Pavement Management Protects Department Parks CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2022-2026 CAPITAL IMPROVEMENT PROGRAM Project description 2025 - Hearthside Park Improvements Funding Sources 2022 2023 2024 2025 2026 Tax Levy Bonded Debt 100,000 State/Other Government Units Park Improvement fund Park Trust Fund Landscape Initiative Municipal Building Other: Donations TOTAL 0 0 0 100,000 0 Project Expenses 2022 2023 2024 2025 2026 Land/Easements Engineering/Architect Admin/Legal Construction 100,000 Maintenance Other TOTAL 0 0 0 100,000 0 Project Balance $ - $ - $ - $ - $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2022-2026 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description Lamar Park 2025 - Lamar Park Shade Shelter Replacement (2) Department Facilities Funding Sources 2022 2023 2024 2025 2026 Tax Levy Bonded Debt State/Other Government Units Park Improvement fund 80,000 Park Trust Fund Landscape Initiative Municipal Building Other: TOTAL 0 0 0 80,000 0 Project Expenses 2022 2023 2024 2025 2026 Land/Easements Engineering/Architect Admin/Legal Construction 80,000 Maintenance Other TOTAL 0 0 0 80,000 0 Project Balance $ - $ - $ - $ - $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2022-2026 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description Glacial Valley Park 2022 - Grading, utilities, soccer field 2023 - Playground, parking lot, courts, shelter, building 2024 - Hockey rink, free skate area, ball field Department Parks Funding Sources 2022 2023 2024 2025 2026 Tax Levy Bonded Debt State/Other Government Units Park Improvement fund Park Trust Fund 520,000 2,000,000 860,000 Landscape Initiative Municipal Building Other: TOTAL 520,000 2,000,000 860,000 0 0 Project Expenses 2022 2023 2024 2025 2026 Land/Easements Engineering/Architect 156,000 500,000 260,000 Admin/Legal Construction 364,000 1,500,000 600,000 Maintenance Other TOTAL 520,000 2,000,000 860,000 0 0 Project Balance $ - $ - $ - $ - $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2022-2026 CAPITAL IMPROVEMENT PROGRAM Project Title Project description Hearthside Park 2022 - Replace Fencing, Backstop, and Court Department Parks Funding Sources 2022 2023 2024 2025 2026 Tax Levy Bonded Debt State/Other Government Units Park Improvement fund 100,000 Park Trust Fund Landscape Initiative Municipal builiding Other: TOTAL 100,000 0 0 0 0 Project Expenses 2022 2023 2024 2025 2026 Land/Easements Engineering/Architect Admin/Legal Construction 100,000 Maintenance Other TOTAL 100,000 0 0 0 0 Project Balance $ - $ - $ - $ - $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2022-2026 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description Michaels Point Park Construction of park as part of Michaels Point residential development Department Facilities Funding Sources 2022 2023 2024 2025 2026 Tax Levy Bonded Debt State/Other Government Units Park Improvement fund Park Trust Fund 400,000 Landscape Initiative Municipal Building fund Other: TOTAL 400,000 Project Expenses 2022 2023 2024 2025 2026 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 2022-2026 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description Kingston Park Building Replacement and Additional Power Supply Department Parks Funding Sources 2022 2023 2024 2025 2026 Tax Levy Bonded Debt State/Other Government Units Park Improvement fund 600,000 Park Trust Fund Landscape Initiative Municipal building Other: TOTAL 0 0 0 600,000 0 Project Expenses 2022 2023 2024 2025 2026 Land/Easements Engineering/Architect 100,000 Admin/Legal Construction 500,000 Maintenance Other TOTAL 0 0 0 600,000 0 Project Balance $ - $ - $ - $ - $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2022-2026 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description Belden Park Backstop Repair and Curbing Department Parks Funding Sources 2022 2023 2024 2025 2026 Tax Levy Bonded Debt State/Other Government Units Park Improvement fund 30,000 Park Trust Fund Landscape Initiative Municipal building Other: Land Sale TOTAL 30,000 0 0 0 0 Project Expenses 2022 2023 2024 2025 2026 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 2022-2026 CAPITAL IMPROVEMENT PROGRAM 'roject Title Project description Jeighborhood Park 2023 - Mississippi Dunes Golf Course Neighborhood Park Development (development driven) )evelopment 2024 - 100th Street Neighborhood Park Development (development driven) 2026 - East Ravine Neighborhood Park Development (development driven) )epartment 'arks Funding Sources 2022 2023 2024 2025 2026 Tax Levy Bonded Debt State/Other Government Units Park Improvement fund Park Trust Fund 2,000,000 500,000 500,000 Landscape Initiative Municipal builiding Other: 2,000,000 TOTAL 0 4,000,000 500,000 0 500,000 Project Expenses 2022 2023 2024 2025 2026 Land/Easements 2,000,000 Engineering/Architect Admin/Legal Construction 2,000,000 500,000 500,000 Maintenance Other TOTAL 0 4,000,000 500,000 0 500,000 Project Balance $ - $ - $ - $ - $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2022-2026 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description Oltman Middle School 2024 - Ballfield and Parking Lot Construction Department Parks Funding Sources 2022 2023 2024 2025 2026 Tax Levy Bonded Debt State/Other Government Units Park Improvement fund Park Trust Fund 1,000,000 Landscape Initiative Municipal building Other: TOTAL - - 1,000,000 - Project Expenses 2022 2023 2024 2025 2026 Land/Easements Engineering/Architect 300,000 Admin/Legal Construction 700,000 Maintenance Other TOTAL - - 1,000,000 - Project Balance $ - $ - $ - $ - $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2022-2026 CAPITAL IMPROVEMENT PROGRAM Project Title Project description Woodridge 2023 - Woodrige Trail - Hillside to Jenner 2026 - Hockey Rink Boards Replacement Department Parks Funding Sources 2022 2023 2024 2025 2026 Tax Levy Bonded Debt State/Other Government Units Park Improvement fund 50,000 Park Trust Fund 40,000 Landscape Initiative Municipal builiding Other: TOTAL 0 40,000 0 0 50,000 Project Expenses 2022 2023 2024 2025 2026 Land/Easements Engineering/Architect Admin/Legal Construction 40,000 50,000 Maintenance Other TOTAL 0 40,000 0 0 50,000 Project Balance $ - $ - $ - $ - $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2022-2026 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description Outdoor Fitness Equipment Outdoor Fitness Equipment at a TBD location based on Parks Commission Recommendation Department Parks Funding Sources 2022 2023 2024 2025 2026 Tax Levy Bonded Debt State/Other Government Units Park Improvement fund 30,000 Park Trust Fund Landscape Initiative Municipal Building fund Other: TOTAL 0 30,000 0 0 0 Project Expenses 2022 2023 2024 2025 2026 Land/Easements Engineering/Architect Admin/Legal Construction 30,000 Maintenance Other TOTAL 0 30,000 0 0 0 Project Balance $ - $ - $ - $ - $ Project Title Compost Site Department Parks CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2022-2026 CAPITAL IMPROVEMENT PROGRAM Project description 2025 - Land Acquisition Funding Sources 2022 2023 2024 2025 2026 Tax Levy Bonded Debt State/Other Government Units Park Improvement fund Park Trust Fund Landscape Initiative Municipal builiding Other: 420,000 TOTAL 0 0 0 420,000 0 Project Expenses 2022 2023 2024 2025 2026 Land/Easements 420,000 Engineering/Architect Admin/Legal Construction Maintenance Other TOTAL 0 0 0 420,000 0 Project Balance $ - $ - $ - $ - $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2022-2026 CAPITAL IMPROVEMENT PROGRAM Title Lighting (Pine Tree Valley & Lamar Park Light Replacement (LED) Department Parks Funding Sources 2022 2023 2024 2025 2026 Tax Levy Bonded Debt State/Other Government Units Park Improvement fund 100,000 Park Trust Fund Landscape Initiative Municipal building Other: TOTAL - - 100,000 - Project Expenses 2022 2023 2024 2025 2026 Land/Easements Engineering/Architect Admin/Legal Construction 100,000 Maintenance Other TOTAL - - 100,000 - Project Balance $ - $ - $ - $ - $ CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2022-2026 CAPITAL IMPROVEMENT PROGRAM Project Title Project description Ice Arena 2024 - North Rink Dehumidifier Replacement 2025 - Radiant Heater Replacements Department Parks Funding Sources 2022 2023 2024 2025 2026 Tax Levy Bonded Debt State/Other Government Units Park Improvement fund Park Trust Fund Landscape Initiative Municipal builiding Other: Ice Arena Fund 200,000 35,000 TOTAL 0 0 200,000 35,000 0 Project Expenses 2022 2023 2024 2025 2026 Land/Easements Engineering/Architect Admin/Legal Construction Maintenance Other 200,000 35,000 TOTAL 0 0 200,000 35,000 0 Project Balance $ - $ - $ - $ - $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2022-2026 CAPITAL IMPROVEMENT PROGRAM ALL TRANSPORTATION AND PUBLIC WORKS PROJECTS Funding Sources 2022 2023 2024 2025 2026 Tax Levy $ - $ - $ - $ - $ Bonded Debt $ 1,310,340 $ 3,598,000 $ 5,241,000 $ 5,278,000 $ 6,965,000 State of Minnesota/MSA $ 1,485,000 $ 6,810,000 $ - $ 6,848,000 $ 5,250,000 Washington County $ - $ - $ $ - $ 8,650,000 Federal/Grant Funding $ 3,000,000 $ 1,250,000 $ $ - $ 10,033,000 Area funds $ 2,006,000 $ 4,370,000 $ 1,526,000 $ 70,000 $ 70,000 Utility funds $ 2,150,000 $ 4,777,000 $ 1,055,000 $ 3,601,000 $ 1,200,000 Assessments/Developer fees $ 900,000 $ 800,000 $ 1,308,000 $ 800,000 $ 717,000 Other: $ 41,431,120 $ 16,610,000 $ 5,750,000 $ 750,000 $ 750,000 TOTAL 52,282,460 38,215,000 14,880,000 17,347,000 33,635,000 Project Expenses 2022 2023 2024 2025 2026 Land/Easements/Utility Relocation $ 500,000 $ - $ 250,000 $ - $ - Engineering/Architect $ 11,335,460 $ 7,435,000 $ 3,219,000 $ 4,126,000 $ 2,356,000 Admin/Legal $ - $ - $ 104,000 $ - $ - Construction $ 37,377,000 $ 29,610,000 $ 10,137,000 $ 12,051,000 $ 30,109,000 Maintenance $ 1,570,000 $ 670,000 $ 670,000 $ 670,000 $ 670,000 Other $ 1,500,000 $ 500,000 $ 500,000 $ 500,000 $ 500,000 TOTAL 52,282,460 38,215,000 14,880,000 17,347,000 33,635,000 Project Balance $ - $ - $ - $ - $ Project Title Roadway Maintenance Department Public Works CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2022-2026 CAPITAL IMPROVEMENT PROGRAM Project Description Maintenance includes crack seal, mill and overlay, curb and sidewalk replacement, and trail sealcoating Funding Sources 2022 2023 2024 2025 2026 Tax Levy Bonded Debt State of Minnesota/MSA Washington County Federal/Grant Funding Area funds Utility funds Assessments/Developer fees Other: maintenance fund 1,750,000 750,000 750,000 750,000 750,000 TOTAL 1,750,000 750,000 750,000 750,000 750,000 Project Expenses 2022 2023 2024 2025 2026 Land/Easements Engineering Admin/Legal Sealcoating Contract/Rock Maintenance 250,000 250,000 250,000 250,000 250,000 Other: Mill and Overlay 1,500,000 500,000 500,000 500,000 500,000 TOTAL 1,750,000 750,000 Project Balance $ - $ - $ 750,000 750,000 750,000 CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2022-2026 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description Ravine Parkway - East Point Construction of roadway and infrastructure to support the Community Center and Douglas Road to CSAH 19 retail/commercial development. Department Public Works Funding Sources 2022 2023 2024 2025 2026 Tax Levy Bonded Debt 1,000,000 State of Minnesota/MSA Washington County Federal/Grant Funding 3,000,000 Area funds 1,500,000 Utility funds Assessment/Developer Fees Other: TOTAL 5,500,000 Project Expenses 2022 2023 2024 2025 2026 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 2022-2026 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description 2023 - Thompson Grove Estates 3&4 Pavement Management 2024 - Prestige Estates, Thompson Grove Estates 6&7, See 80th Street Project (includes ADA improvements) 2025 - Thompson Grove Estates 1 &8, EPD (Hyde to CDS) Department 2026 - Thompson Grove Estates 2nd, EDP (Jamaica to Hyde), Kingsborough Trail Public Works Funding Sources 2022 2023 2024 2025 2026 Tax Levy Bonded Debt 3,598,000 4,303,000 5,278,000 3,965,000 State of Minnesota/MSA Washington County Federal/Grant Funding Area funds Utility funds 3,287,000 635,000 779,000 780,000 Assessments/Developer fees Other: TOTAL 0 6,885,000 4,938,000 6,057,000 4,745,000 Project Expenses 2022 2023 2024 2025 2026 Land/Easements Engineering 2,065,000 1,411,000 1,731,000 1,356,000 Admin/Legal Construction 4,820,000 3,527,000 4,326,000 3,389,000 Machinery & equipment Other TOTAL 0 6,885,000 4,938,000 6,057,000 4,745,000 Project Balance $ - $ - $ - $ - $ CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2022-2026 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. Funding Sources 2022 2023 2024 2025 2026 Tax Levy Bonded Debt State of Minnesota/MSA Washington County Federal/Grant Funding Area funds 50,000 50,000 50,000 50,000 50,000 Utility funds Assessments/Developer funds Other: TOTAL 50,000 50,000 50,000 50,000 50,000 Project Expenses 2022 2023 2024 2025 2026 Land/Easements Engineering Admin/Legal Construction 50,000 50,000 50,000 50,000 50,000 Machinery & equipment Other TOTAL 50,000 50,000 50,000 50,000 50,000 Project Balance $ - $ - $ - $ - $ CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2022-2026 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description Ravine Parkway 2022 - Wolterstorff 2023 - Geis 2025 - Kemp Department Public Works Funding Sources 2022 2023 2024 2025 2026 Tax Levy Bonded Debt State of Minnesota/MSA 800,000 800,000 800,000 Washington County Federal/Grant Funding Area funds Utility funds Assessment/Developer Fees 800,000 800,000 800,000 Other: TOTAL 1,600,000 1,600,000 0 1,600,000 0 Project Expenses 2022 2023 2024 2025 2026 Land/Easements Engineering 300,000 300,000 300,000 Admin/Legal Construction 1,300,000 1,300,000 1,300,000 Machinery & equipment Other TOTAL 1,600,000 1,600,000 0 1,600,000 0 Project Balance $ - $ - $ - $ - $ CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2022-2026 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description 80th Street Reconstruction 2025 - Ideal to Hwy 61 - Includes East Point Douglas from 80th Street to T-intersection. Includes pavement replacement, spot curb replacement, and modification of Hardwood signal for dual lefts. Department Includes ADA improvements Public Works 2026 - 80th/Keats Roundabout Cost Share Funding Sources 2022 2023 2024 2025 2026 Tax Levy Bonded Debt State of Minnesota/MSA 6,048,000 1,000,000 Washington County Federal/Grant Funding Area funds Utility funds 2,052,000 Assessment/Developer Fees Other: TOTAL 0 0 0 8,100,000 1,000,000 Project Expenses 2022 2023 2024 2025 2026 Land/Easements Engineering 2,025,000 250,000 Admin/Legal Construction 6,075,000 750,000 Machinery & equipment Other TOTAL 0 0 0 8,100,000 1,000,000 Project Balance $ - $ - $ - $ - $ CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2022-2026 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) Project includes extension of West Point Douglas Road, Extension of 100th Street, reconstruction Department of West Point Douglas from Belden to Jamaica and a potential slip lane. Public Works Funding Sources 2022 2023 2024 2025 2026 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 2022 2023 2024 2025 2026 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 2022-2026 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 2022 2023 2024 2025 2026 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 2022 2023 2024 2025 2026 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 $ - $ - $ - $ - $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2022-2026 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description Annual sewer line 2022 - Lining trunk sewer from Jamaica and East Point down through the dog park Department Public Works Funding Sources 2022 2023 2024 2025 2026 Tax Levy Bonded Debt State of Minnesota/MSA Washington County Federal/Grant Funding Area funds Utility funds 1,000,000 50,000 50,000 50,000 50,000 Assessment/Developer Fees Other: TOTAL 1,000,000 50,000 50,000 50,000 50,000 Project Expenses 2022 2023 2024 2025 2026 Land/Easements Engineering Admin/Legal Construction Maintenance 1,000,000 50,000 50,000 50,000 50,000 Other TOTAL 1,000,000 50,000 50,000 50,000 50,000 Project Balance $ - $ - $ - $ - $ Project Title Streetlight s Department Public Works CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2022-2026 CAPITAL IMPROVEMENT PROGRAM Project Description improvements JAnnual cost to refurbish and upgrade the City Streetlight infrastructure. Funding Sources 2022 2023 2024 2025 2026 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 2022 2023 2024 2025 2026 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 2022-2026 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description Traffic Signals 2023 - Hardwood Ave/Hardwood Ct 2026 - 80th/Jamaica Department Public Works Funding Sources 2022 2023 2024 2025 2026 Tax Levy Bonded Debt State of Minnesota/MSA Washington County Federal/Grant Funding Area funds Utility funds 350,000 350,000 Assessment/Developer Fees Other: TOTAL 0 350,000 0 350,000 0 Project Expenses 2022 2023 2024 2025 2026 Land/Easements Engineering 70,000 70,000 Admin/Legal Construction 280,000 280,000 maintenance Other TOTAL 0 350,000 0 350,000 0 Project Balance $ - $ - $ - $ - $ CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2022-2026 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description Stormwater maintenance Annual costs of pond and structure maintenance for City Stormwater system. Department Public Works Funding Sources 2022 2023 2024 2025 2026 Tax Levy Bonded Debt State of Minnesota/MSA Washington County Federal/Grant Funding Area funds Utility funds 150,000 200,000 200,000 200,000 200,000 Assessment/Developer Fees Other: TOTAL 150,000 200,000 200,000 200,000 200,000 Project Expenses 2022 2023 2024 2025 2026 Land/Easements Engineering Admin/Legal Construction maintenance 150,000 200,000 200,000 200,000 200,000 Other TOTAL 150,000 200,000 200,000 200,000 200,000 Project Balance $ - $ - $ - $ - $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2022-2026 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description Trunk Utility Oversizing Trunk oversizing of water and sewer facilities as part of development projects Department Public Works Funding Sources 2022 2023 2024 2025 2026 Tax Levy Bonded Debt State of Minnesota/MSA Washington County Federal/Grant Funding Area funds 20,000 20,000 20,000 20,000 20,000 Utility funds Assessment/Developer Fees Other: TOTAL 20,000 20,000 20,000 20,000 20,000 Project Expenses 2022 2023 2024 2025 2026 Land/Easements Engineering Admin/Legal Construction 20,000 20,000 20,000 20,000 20,000 maintenance Other TOTAL 20,000 20,000 20,000 20,000 20,000 Project Balance $ - $ - $ - $ - $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2022-2026 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 2022 2023 2024 2025 2026 Tax Levy Bonded Debt 938,000 State of Minnesota/MSA Washington County Federal/Grant Funding Area funds 1,456,000 Utility funds Assessment/Developer Fees 768,000 Other: TOTAL 0 0 3,162,000 0 0 Project Expenses 2022 2023 2024 2025 2026 Land/Easements 250,000 Engineering 728,000 Admin/Legal 104,000 Construction 2,080,000 maintenance Other TOTAL 0 0 3,162,000 0 0 Project Balance $ - $ - $ - $ - $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2022-2026 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 2022 2023 2024 2025 2026 Tax Levy Bonded Debt State of Minnesota/MSA Washington County Federal/Grant Funding Area funds 200,000 4,300,000 Utility funds Assessment/Developer Fees Other: Land Sale TOTAL 200,000 4,300,000 0 0 0 Project Expenses 2022 2023 2024 2025 2026 Land/Easements Engineering 200,000 300,000 Admin/Legal Construction 4,000,000 maintenance Other TOTAL 200,000 4,300,000 0 0 0 Project Balance $ - $ - $ - $ - $ - CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2022-2026 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description 2022 - Pine Hill Water Tower Water Tower Painting/Rehab 2023 - Grange Water Tower Department Public Works Funding Sources 2022 2023 2024 2025 2026 Tax Levy Bonded Debt State of Minnesota/MSA Washington County Federal/Grant Funding Area funds Utility funds 330,000 220,000 Assessment/Developer Fees Other: Newport TOTAL 330,000 220,000 Project Expenses 2022 2023 2024 2025 2026 Land/Easements Engineering 70,000 40,000 Admin/Legal Construction 260,000 180,000 Machinery & equipment Other TOTAL 330,000 220,000 Project Balance $ - $ - $ - $ - $ CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2022-2026 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description 100th Street 2022 - Reconstruction of 100th Street from Ideal Avenue to just west of Hayward Ave. Development driven project, TIF funding with the exception of a raw water line to the future low zone water treatment plant which would be paid for by the area fund and reimbursed by Department the State. Public Works 2024 - Construction of 100th Street on Zywiec property (development driven) 2026 - Design between Jamaica Ave and Innovation Road Interchanqe Funding Sources 2022 2023 2024 2025 2026 Tax Levy Bonded Debt State of Minnesota/MSA 250,000 Washington County 500,000 Federal/Grant Funding Area funds 236,000 Utility funds Assessment/Developer Fees 540,000 Other: TIF 1,811,300 TOTAL 2,047,300 540,000 750,000 Project Expenses 2022 2023 2024 2025 2026 Land/Easements Engineering 312,300 80,000 750,000 Admin/Legal Construction 1,735,000 460,000 Machinery & equipment Other TOTAL 2,047,300 540,000 750,000 Project Balance $ - $ - $ - $ - $ CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2022-2026 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description Jamaica Ave 2026 - Reconstruction of Jamaica Ave from Rose of Sharon Church to Military Road to the urban four lane section roadway. Department Public Works Funding Sources 2022 2023 2024 2025 2026 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 2022 2023 2024 2025 2026 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 2022-2026 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 2022 2023 2024 2025 2026 Tax Levy Bonded Debt State of Minnesota/MSA 685,000 6,010,000 Washington County LRIP Grant Funding 1,250,000 Area funds Utility funds 500,000 500,000 Assessment/Developer Fees Other: TOTAL 1,185,000 7,760,000 Project Expenses 2022 2023 2024 2025 2026 Land/Easements 500,000 Engineering 685,000 1,000,000 Admin/Legal Construction 6,760,000 Machinery & equipment Other TOTAL 1,185,000 7,760,000 Project Balance $ - $ - $ - $ - $ CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2022-2026 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description Water System 2022- Add booster pumps in Calarosa neighborhood Department Funding Sources 2022 2023 2024 2025 2026 Tax Levy Bonded Debt State of Minnesota/MSA Washington County Federal/Grant Funding Area funds Utility funds Assessment/Developer Fees 100,000 Other: TOTAL 100,000 0 0 0 Project Expenses 2022 2023 2024 2025 2026 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 2022-2026 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description 3M Settlement Implementation 2022 - Intermediate Zone Treatment Plant, Raw Water Lines, Goodview Avenue 2023 - Low Zone Water Treatment Plant and Well 13 2024 - Well 1, Well 2, and Temp Treatment Plant Decommissioning Department Public Works Funding Sources 2022 2023 2024 2025 2026 Tax Levy Bonded Debt State of Minnesota/MSA Washington County Federal/Grant Funding Area funds Utility funds Assessment/Developer Fees Other: 3M Settlement 33,800,000 15,860,000 5,000,000 TOTAL 33,800,000 15,860,000 5,000,000 0 0 Project Expenses 2022 2023 2024 2025 2026 Land/Easements Engineering 7,800,000 3,660,000 1,000,000 Admin/Legal Construction 26,000,000 12,200,000 4,000,000 maintenance Other TOTAL 33,800,000 15,860,000 5,000,000 0 0 Project Balance $ - $ - $ - $ - $ CITY OF COTTAGE GROVE 5 YEAR CAPITAL IMPROVEMENT BUDGET 2022-2026 CAPITAL IMPROVEMENT PROGRAM Project Title Project Description 105th Street Constructinon of 105th Street from Ideal Ave, up to and including a new roundabout 1/2 mile west of Ideal Ave. Also incldues new turn lanes on Ideal Avenue. TIF funding, with the Department exception of the roundabout which will be be 2/3 TIF and 1/3 City cost share. Public Works Funding Sources 2022 2023 2024 2025 2026 Tax Levy Bonded Debt 310,340 State of Minnesota/MSA Washington County Federal/Grant Funding Area funds Utility funds Assessments/Developer fees Other: TIF 4,069,820 TOTAL 4,380,160 Project Expenses 2022 2023 2024 2025 2026 Land/Easements Engineering 668,160 Admin/Legal Construction 3,712,000 Machinery & equipment Other TOTAL 4,380,160 Project Balance $ - $ - $ - $ - $ City of Cottage Grove CIP 2021-2026 Funding Summary by Year 2021 2022 2023 2024 2025 2026 Total '22 to '26 Funding Source Park Improvement 265,000 370,000 320,000 260,000 790,000 160,000 1,900,000 Public Landscape Initiative 180,000 40,000 115,000 60,000 100,000 55,000 370,000 Park Trust 2,065,000 535,000 4,455,000 2,875,000 4,015,000 515,000 12,395,000 Sealcoating Fund 750,000 1,750,000 750,000 750,000 750,000 750,000 4,750,000 Municipal Building/Debt - - 2,000,000 500,000 - - 2,500,000 MSA - 1,485,000 6,810,000 - 6,848,000 5,250,000 20,393,000 PM Bonds/Other debt 3,814,000 1,310,340 4,598,000 14,041,000 5,378,000 6,965,000 32,292,340 DeveloperAsmts/Fees - 900,000 800,000 1,308,000 800,000 717,000 4,525,000 Other Governments 250,000 3,000,000 1,250,000 - - 18,683,000 22,933,000 Utilities 1,077,000 2,150,000 4,777,000 1,055,000 3,601,000 1,200,000 12,783,000 Area Funds 3,920,000 2,006,000 4,370,000 1,526,000 70,000 70,000 8,042,000 Other funding 1,270,000 39,681,120 17,860,000 5,200,000 455,000 - 63,196,120 13,591,000 53,227,460 48,105,000 27,575,000 22,807,000 34,365,000 186,079,460 Year CIP Year CIP points I Location IDescription I map I Maintenance I Replace I New I Total 2022 2022 100th Street - Ideal to Hemingway Construct 9 ton road PW1 2,047,300 2,047,300 2022 new 105th Street Infrastructure construction for development PW2 4,380,160 4,380,160 2022 2022 235 E Pt Douglas/Ravine Pkwy to CSAH 19 Phase 2 Construction CottageView PW3 5,500,000 5,500,000 Intermediate Zone Water Treatment Plant, Raw 2022 new 3M Settlement Implementation water mains PW4 33,800,000 33,800,000 2022 2022 Parks Matching funds 10,000 10,000 2022 2022 Meadowgrass, Hidden valley, Highlands Playground equipment PR1 200,000 200,000 2022 2022 Parks Park design & masterplanning 15,000 15,000 2022 2022 Public Landscape initiative 40,000 40,000 2022 2022 Glacial Park (formerly Ravine Park) Park construction PR2 520,000 520,000 2022 new Belden park Backstop repair & curbing 30,000 30,000 2022 2024 Hearthside park improvments PR3 100,000 100,000 2022 2022 Hamlet Park Soccer/football field #2 irrigation & restoration PR4 30,000 30,000 2022 2021 Business Park Construct watertower PW5 200,000 200,000 2022 2021 Ravine Parkway Wolterstorff PW6 1,600,000 1,600,000 2022 2022 East Point Douglas & Jamaica Reconstruction and Realignment PW7 1,185,000 1,185,000 2022 2021 Pine Hill Water tower painting 330,000 330,000 2022 2021 Calarosa development Booster pump 100,000 100,000 2022 2022 Roadway maintenance Streets, sidewalk/curb replacement, & trails 1,750,000 1,750,000 2022 2022 Trunk oversizing utilities 20,000 20,000 2022 2022 Upper Ravine District City share of development infrastructure 50,000 50,000 2022 2022 Various sewer Spot replacement/slip lining 1,000,000 1,000,000 2022 2022 various stormwater Storm water maintenance 150,000 150,000 2022 2022 various streetlights System improvements 100,000 100,000 2022 2022 Well Maintenance Pull well 70,000 70,000 3,400,000 37,092,300 12,735,160 53,227,460 Year CIPJYear CIPI pointslLocation I Description I map I Maintenance I Replace I New I Total 2023 2022 Pavement Management Thompson Grove Estates, Woodridge Park Addition PW7 6,885,000 6,885,000 2023 new 3M Settlement Implementation Low Zone Water Treatment plant & Well 13 PW8 15,860,000 15,860,000 2023 2022 Public Works Heated Metal building for equipment storage FA1 2,000,000 2,000,000 Peter Thompson, Pine Tree Pond, 2023 2023 Ideal Park Playground equipment PR5 200,000 200,000 2023 2023 Hamlet Park Court Reconstruction PR4 80,000 80,000 2023 2023 East Point Douglas & Jamaica Reconstruction and Realignment PW9 7,760,000 7,760,000 2023 2023 Public works Utility Building design FA-2 1,000,000 1,000,000 2023 2022 Parks Park design & masterplanning 15,000 15,000 2023 2022 Public Landscape initiative 115,000 115,000 2023 2023 Parks Matching funds 10,000 10,000 2023 2023 Glacial Park (formerly Ravine Park) Park construction PR2 2,000,000 2,000,000 2023 new Ravine Parkway Geis PW10 1,600,000 1,600,000 2023 new Mississippi Dunes property Neighborhood park development PR6 4,000,000 4,000,000 2023 2023 Michaels Point Park construction PR7 400,000 400,000 2023 2022 Business park Construct Water Tower 4,300,000 4,300,000 2023 new Park To Be Determined Outdoor Fitness Equipment 30,000 30,000 2023 2023 Woodridge Trail Trail Corridor from Hillside to Jenner PR8 40,000 40,000 2023 new Traffic Signal Hardwood Ave/Hardwood Ct 350,000 350,000 2023 2022 Grange water tower painting 220,000 220,000 2023 2023 Roadway maintenance Streets, sidewalk/curb replacement, & trails 750,000 750,000 2023 2023 Trunk oversizing utilities 20,000 20,000 2023 2023 Upper Ravine District City share of development infrastructure 50,000 50,000 2023 2023 Various sewer Spot replacement/slip lining 50,000 50,000 2023 2023 various stormwater Storm water maintenance 200,000 200,000 2023 2023 various streetlights System improvements 100,000 100,000 2023 2023 Well Maintenance Pull well 70,000 70,000 1,390,000 30,585,000 16,130,000 48,105,000 I ILO I '71, , )"NoMmu Year CIPJYear CIPI pointslLocation I Description I map I Maintenance I Replace I New I Total 2024 2022 100th Street - Ideal to Hemingway Construct 9 ton road PW11 540,000 540,000 2024 2023 Pavement Management Prestige estates, Thompson Grove Estates 6&7, PW12 4,938,000 4,938,000 2024 new 3M Settlement Implementation Well 1 & 2 and Temp Treatment Plant decommision 5,000,000 5,000,000 2024 new PW & Parks Facility Internal office remodel & Utilities division Building comFA1/FA2 500,000 8,800,000 9,300,000 2024 2024 Parks Matching funds 10,000 10,000 2024 2023 Woodridge Reconstruct roadway PW13 3,162,000 3,162,000 2024 2024 Oltman Middle School Ballfield construction PR9 1,000,000 1,000,000 2024 new 100th Street Neighborhood park development PR10 500,000 500,000 2024 2024 West Draw, Granada, Nina Playground equipment PR11 150,000 150,000 2024 new Pine Tree Valley & Lamar Park lighting replacments 100,000 100,000 2024 2024 Glacial Valley Park construction PR2 860,000 860,000 2024 new Hamlet park expansion Plaza Area PR4 500,000 500,000 2024 new Ice Arena dehumidifier replacement 200,000 200,000 2024 2024 Parks Park design & masterplanning 15,000 15,000 2024 2024 Public Landscape initiative 60,000 60,000 2024 2024 Trunk oversizing utilities 20,000 20,000 2024 2024 Upper Ravine District City share of development infrastructure 50,000 50,000 2024 2024 Roadway maintenance 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 200,000 200,000 2024 2024 various streetlights System improvements 100,000 100,000 2024 2024 Well Maintenance Pull well 70,000 70,000 1,170,000 14,440,000 11,965,000 27,575,000 Cottage 2024 CIP Project Locations -� �F Legend 2023 Facility CIP Projects 2024 Parks & Rec CIP Projects 2024 Public Works CIP Projects �CG City Boundary CG Major Roads - ISD 833 Property Wetland Park and Open Space Mississippi River Community Development ivi i i eis Date: 9/17/2021 M:\MGIS Department Proiects\MGIS Department Proiects 2018\Finance\CIP 2020-2040\2024 CIP MAP FOLDER\2024 CIP Proiect Locations 20210917.mxd Current Year C I P Last Year C I P points Location Description map Maintenance Replace New Total 2026 new Kingston Park Building replacement & additional power PR12 600,000 600,000 2026 2026 80th Street Reconstruction PW14 8,100,000 8,100,000 2026 2024 Pavement Management Thompson Grove Estates 1&8, EPD PW15 6,057,000 6,057,000 2026 2026 Ravine Parkway Kemp property PW16 1,600,000 1,600,000 2026 2021 To be determined Compost site acquisition 420,000 420,000 2026 2026 Hearthside Park parking lot (part of Pavement Management) PR3 100,000 100,000 2026 2026 Hardwood & Belden Parks Playground equipment PR13 100,000 100,000 2026 2022 Hamlet Park Completion of ballfields PR4 4,000,000 4,000,000 2026 new Lamar Park shade structure replacement PR14 80,000 80,000 2026 new Ice Arena Radiant heater replacements 35,000 35,000 2026 2026 Parks matching funds 10,000 10,000 2026 2024 Parks Park design & masterplanning 15,000 15,000 2026 2024 Public Landscape initiative 100,000 100,000 2026 new Traffic Signal 80th & Jamaica 350,000 350,000 2026 2026 Trunk oversizing Utilities 20,000 20,000 2026 2026 Upper Ravine District City share of development infrastructure 50,000 50,000 2026 2026 Roadway maintenance Streets, sidewalk/curb replacement, & trails 750,000 750,000 2026 2026 Various sewer Spot replacement/slip lining 50,000 50,000 2026 2026 various stormwater Storm water maintenance 200,000 200,000 2026 2026 various streetlights System improvements 100,000 100,000 2026 2026 Well Maintenance Pull well 70,000 70,000 1,170,000 16,572,000 5,065,000 22,807,000 i�Goeget� 2025 CIP Pro'ect Locations - Legend 2025 Parks & Rec CIP Projects 10 2025 Public Works CIP Projects CG City Boundary CG Major Roads ® ISD 833 Property Wetland - Park and Open Space Mississippi River Community Development �vn�vv Date: 9/17/2021 M:\MGIS Department Proiects\MGIS Department Proiects 2018\Finance\CIP 2020-2040\2025 CIP MAP FOLDER\2025 CIP Proiect Locations 20210917.mxd Year CIPJYear CIPI pointslLocation I Description I map 2026 2026 100th Street - Jamaica to Innovation Infrastructure Design PW6 Bridge/Overpass improvement w/ 100th St & WPD 2026 2026 611 CSAH 19 and TH 61 extension PW17 2026 2024 Jamaica 70th to Military PW18 2026 2026 80th Street Roundabout at Keats Ave PW19 Thompson Grove Estates 2nd, EPD, Kingsborough 2026 2026 Pavement Management Trail PW20 2026 new East Ravine Neighborhood park development 2026 new Woodridge Park Hockey rink boards replacement PR15 2026 new Hamlet Park Skate park surface replacement PR4 2026 2026 Parks matching funds 2026 2026 Parks Park design & masterplanning 2026 2026 Public Landscape initiative 2026 2026 Trunk oversizing Utilities 2026 2026 Upper Ravine District City share of development infrastructure 2026 2026 Roadway maintenance Streets, sidewalk/curb replacement, & trails 2026 2026 Various sewer Spot replacement/slip lining 2026 2026 various stormwater Storm water maintenance 2026 2026 various streetlights System improvements 2026 2026 Well Maintenance Pull well Maintenance I Replace New Total 750,000 750,000 22,900,000 22,900,000 3,000,000 3,000,000 1,000,000 1,000,000 4,745,000 4,745,000 500,000 500,000 50,000 50,000 100,000 100,000 10,000 10,000 15,000 15,000 55,000 55,000 20,000 20,000 50,000 50,000 750,000 750,000 50,000 50,000 200,000 200,000 100,000 100,000 70,000 70,000 1,170,000 29,545,000 3,650,000 34,365,000 City of Cottage Grove, MN Capital Improvement Plan 2022-2026 Stormwater utility Fund Projected Financial Position 2018 2019 2020 2021 2022 2023 2024 2025 2026 ACTUAL ACTUAL ACTUAL ESTIMATED ESTIMATED ESTIMATED ESTIMATED ESTIMATED ESTIMATED REVENUES Charges for Services $ 841,140 $ 884,675 $ 949,712 $ 951,000 $ 1,004,000 $ 1,100,000 $ 1,150,000 $ 1,200,000 $ 1,250,000 Intergovernmental - County/State 118,141 66,611 226,057 Interest 13,598 35,101 24,815 10,000 10,000 10,000 10,000 10,000 Miscellaneous 9,328 Total Revenue 982,207 986,387 1,200,584 951,000 1,014,000 1,110,000 1,160,000 1,210,000 1,260,005 EXPENDITURES Operating expenses 410,585 491,185 584,732 476,775 491,078 505,811 520,985 536,614 552,713 Pavement Management - 178,935 189,021 231,836 174,146 174,146 Annual maintenance projects 26,097 107,815 100,000 200,000 200,000 200,000 200,000 200,000 Developer passthru 230,503 Total Expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out (41,300) (41,300) (41,300) (42,540) (43,800) (43,800) (50,000) (50,000) (50,000) Total other sources (41,300) (41,300) (41,300) (42,540) (43,800) (43,800) (50,000) (50,000) (50,000) 436,682 599,000 815,235 755,710 691,078 894,832 952,821 910,760 926,859 Increase (decrease) in fund balance 504,225 346,087 344,049 152,750 279,122 171,368 157,179 249,240 283,141 Beginning balance 814,112 1,318,337 1,664,424 2,008,473 2,161,223 2,440,345 2,611,713 2,768,892 3,018,132 Ending balance 1,318,337 1,664,424 2,008,473 2,161,223 2,440,345 2,611,713 2,768,892 3,018,132 3,301,273 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 2022-2026 Sealcoating Fund Projected Financial Position 2018 2019 2020 2021 2022 2023 2024 2025 2026 ACTUAL ACTUAL ACTUAL ESTIMATED ESTIMATED ESTIMATED ESTIMATED ESTIMATED ESTIMATED REVENUES Aggregate tax $ 20,790 $ 22,250 $ 22,699 $ 22,000 $ 22,000 $ 22,000 $ 25,000 $ 25,000 $ 25,000 Franchise fees 567,875 583,715 596,537 595,000 600,000 600,000 605,000 610,000 615,000 Investment Interest 20,198 32,681 26,034 - 10,000 10,000 10,000 10,000 10,000 Charges for services 17,960 19,713 94,114 - - - - - Developer charges 99,270 67,789 81,962 - - - - - - Total Revenue 726,093 726,148 821,346 617,000 632,000 632,000 640,000 645,000 650,000 EXPENDITURES Commodities 68,058 38,509 51,185 35,700 36,400 36,400 36,400 36,400 36,400 Contractual services 735,317 129,791 703,455 714,300 1,713,600 713,600 713,600 713,600 713,600 Total Expenditures 803,375 168,300 754,640 750,000 1,750,000 750,000 750,000 750,000 750,000 Other Financing Sources (uses) transfer to 80th st-undergrounding Xcel - - (625,480) - - - - - - Total transfers - (625,480) Increase (decrease) in fund balance (77,282) 557,848 (558,774) (133,000) (1,118,000) (118,000) (110,000) (105,000) (100,000) Balance beginning of year 1,145,622 1,068,340 1,626,188 1,067,414 934,414 (183,586) (301,586) (411,586) (516,586) Balance end of year 1,068,340 1,626,188 1,067,414 934,414 (183,586) (301,586) (411,586) (516,586) (616,586) 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 2022-2026 PARK IMPROVEMENT FUND (515) Projected Financial Position 2018 ACTUAL 2019 ACTUAL 2020 ACTUAL 2021 ESTIMATED 2022 ESTIMATED 2023 ESTIMATED 2024 ESTIMATED 2025 ESTIMATED 2026 ESTIMATED REVENUES Cell Tower Leases 397,525 368,637 367,009 365,000 365,000 360,000 360,000 360,000 360,000 Interest 10,437 27,042 22,390 - 10,000 10,000 10,000 14,338 9,982 other (including donations) 23,912 18,751 4,525 Total Revenue 431,874 414,430 393,924 365,000 375,000 370,000 370,000 374,338 369,982 EXPENDITURES Arbor Meadows - playground 100,000 Belden playground equipment 30,000 50,000 Bike park - pump track 17,025 Community Center planning for referendum 4,136 52,806 38,450 20,000 Donations - matching funding 10,000 10,000 10,000 10,000 10,000 Grey Cloud - soccer goals & dugout covers 23,405 Hamlet skatepark 10,000 10,000 10,000 - - - - - Hamlet expansion 19,882 30,000 80,000 100,000 Hardwood playground equipment 50,000 Hearthside basketball courts & playground 50,000 100,000 100,000 Hidden valley playground 75,000 Highland basketball courts & playground 53,000 50,000 Ideal playground equipment 50,000 Kingston Park - playground remodel & tennis court 65,865 600,000 Lamar Fencing, shelter & Playground replacement 125,000 lighting improvements Lamar & Pine Tree Valley 100,000 Meadowgrass, Hidden Valley & Highlands play equip 75,000 Old Cottage Grove Park - Rink boards 26,803 Outdoor fitness equipment 30,000 Peter Thompson play equipment 75,000 Pinetree Valley Park - Play equipment 51,780 Pinetree Pond Play equipment 75,000 Public landscape initiative 80,000 40,000 115,000 60,000 100,000 55,000 WAG Farms Dog Park Waterline 25,780 Woodridge shelter/hockey boards replacement 31,818 50,000 West Draw, Granada & Nina Park play equipment 150,000 miscellaneous 636 Total Expenditures 105,781 86,211 196,394 428,000 410,000 435,000 320,000 910,000 215,000 OTHER FINANCING SOURCES (USES) Transfer from general fund Transfer (to) from pavement mangagement 100,000 Transfer (to) from park trust for inclusive play 150,000 100,000 100,000 Total other sources 150,000 100,000 100,000 - 100,000 - Increase (decrease) in fund balance 476,093 428,219 297,530 (63,000) (35,000) (65,000) 50,000 (435,662) 154,982 Beginning balance 344,997 821,090 1,249,309 1,546,839 1,483,839 1,448,839 1,383,839 1,433,839 998,177 Ending balance 821,090 1,249,309 1,546,839 1,483,839 1,448,839 1,383,839 1,433,839 998,177 1,153,159 City of Cottage Grove, MN Capital Improvement Plan 2022-2026 PARK TRUST FUND (570) Projected Financial Position 2018 2019 2020 2021 2022 2023 2024 2025 2026 ACTUAL ACTUAL ACTUAL ESTIMATED ESTIMATED ESTIMATED ESTIMATED ESTIMATED ESTIMATED REVENUES Intergovernmental $ - $ 250,000 $ - $ - $ - $ - $ - Park Dedication Fees 853,659 472,500 1,110,209 1,517,894 300,000 200,000 200,000 200,000 200,000 special assessments 40,130 38,386 36,640 Interest 13,986 34,412 21,955 Land sale Miscellaneous - Refunds & Reimbursements 10,269 17,135 18,025 Total Revenue 918,044 545,298 1,185,939 1,785,919 300,000 200,000 200,000 200,000 200,000 EXPENDITURES Miscellaneous 2,797 16,678 16,470 454 Camel's Hump Park - develop & trails 2,453 18,759 Glacial Valley Park (Ravine Parkway) 520,000 2,000,000 860,000 Hamlet Park Expansion 24,025 342,593 1,201,694 480,902 500,000 4,000,000 Michaels Pointe Park 400,000 Neighborhood parks 2,000,000 500,000 500,000 Oakwood Park 3,566 50,279 Parks - masterplanning 10,000 31,087 36,160 15,000 15,000 15,000 15,000 15,000 Oltman Middle School Ballfields 1,000,000 Settlers Island landing/picnic pad 10,875 Strawberry Fields (Swanlund) 87,403 Woodridge Trail 40,000 Total Expenditures 26,822 375,290 1,278,885 655,198 535,000 4,455,000 2,875,000 4,015,000 515,000 OTHER FINANCING SOURCES (USES) Transfer from EDA 548,870 Transfer FROM (to) park improvement (150,000) (100,000) (100,000) - - - - - Total other sources (150,000) (100,000) 448,870 - Increase (decrease) in fund balance 741,222 70,008 355,924 1,130,721 (235,000) (4,255,000) (2,675,000) (3,815,000) (315,000) Beginning balance 264,413 1,005,635 1,075,643 1,431,567 2,562,288 2,327,288 (1,927,712) (4,602,712) (8,417,712) Ending balance 1,005,635 1,075,643 1,431,567 2,562,288 2,327,288 (1,927,712) (4,602,712) (8,417,712) (8,732,712) City of Cottage Grove, MN Capital Improvement Plan 2022-2026 MUNICIPAL BUILDING FUND (525) Projected Financial Position 2018 ACTUAL 2019 ACTUAL 2020 ACTUAL 2021 ESTIMATED 2022 ESTIMATED 2023 ESTIMATED 2024 ESTIMATED 2025 ESTIMATED 2026 ESTIMATED REVENUES Property taxes 251,476 250,675 251,003 250,000 250,000 250,000 250,000 250,000 250,000 intergovernmental 1,769,041 12,908,777 1,450,842 tower rental - PW Tower 52,557 51,830 55,758 60,000 60,000 60,000 60,000 60,000 60,000 Miscellaneous 52,337 15,647 15,990 Total Revenue 2,125,411 13,226,929 1,773,593 310,000 310,000 310,000 310,000 310,000 310,000 EXPENDITURES Ice Arena refrigeration 2,840,980 Municipal building expenses 73,357 38,503 PW expenses 33,614 8,200 29,156 - 3,000,000 9,300,000 HERO Center 3,488,533 15,295,056 441,843 Demo 7516 80th St 179,798 Kitchen expansion -River oaks 713,638 Fire Station #2 2,245,158 1,409 Total Expenditures 5,840,662 18,363,946 1,184,637 - - 3,000,000 9,300,000 - - Other Financing Sources (uses) Bond proceeds 6,908,221 3,000,000 9,300,000 Transfer out for interfund loan (243,850) (241,750) (267,150) (250,000) (250,000) (250,000) (250,000) (250,000) (250,000) Transferfrom General Fund 38,872 78,114 202,607 Total other sources (204,978) 6,744,585 (64,543) (250,000) (250,000) 2,750,000 9,050,000 (250,000) (250,000) Increase (decrease) in fund balance (3,920,229) 1,607,568 524,413 60,000 60,000 60,000 60,000 60,000 60,000 Beginning balance 6,344,341 2,424,112 4,031,680 4,556,093 4,616,093 4,676,093 4,736,093 4,796,093 4,856,093 Ending balance 2,424,112 4,031,680 4,556,093 4,616,093 4,676,093 4,736,093 4,796,093 4,856,093 4,916,093 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 Prof Svcs - assmt fees PM 2015 - F2, 90th, Grey Cloud Tr PM 2016 - F3, F5 PM2017-B1 PM 2019-2020 WPD refurb PM 2021 - F5, B1, E1 & River Oaks Parking Jamaica Avenue PM 2023- Thompson Grove Estates 3&4, EPD PM 2024 - Prestige Estates, Thompson Grove Estates 6&7 PM 2025 - Thompson Grove Estates 1 &8, EPD PM 2026 - Thompson Grove Estates 2nd Total Expenditures Revenue over Expenditures Other Financing Sources (uses) Bond proceeds Transfers from MSA fund Transfer from general fund Transfers from utility funds Total other sources Increase (decrease) in fund balance Beginning balance Ending balance Goal (this fund should break even) City of Cottage Grove, MN Capital Improvement Plan 2022-2026 PAVEMENT MANAGEMENT FUND Projected Financial Position 2018 2019 2020 2021 2022 2023 2024 2025 2026 ACTUAL ACTUAL ACTUAL ESTIMATED ESTIMATED ESTIMATED ESTIMATED ESTIMATED ESTIMATED 73,026 60,025 65,618 64,752 65,000 70,000 70,000 70,000 70,000 17,331 44,382 26,599 2,461 15,000 15,000 15,000 15,000 15,000 90,357 104,407 92,217 67,213 80,000 85,000 85,000 85,000 85,000 1,230 32,102 39,883 232 75,041 235 157,601 2,677,250 1,252,640 - 6,885,000 4,938,000 6,057,000 4,745,000 71,985 75,273 159,066 3,929,890 - 6,885,000 4,938,000 6,057,000 4,745,000 18,372 29,134 (66,849) (3,862,677) 80,000 (6,800,000) (4,853,000) (5,972,000) (4,660,000) 4,076,905 3,750,000 4,500,000 5,250,000 4,000,000 25,915 52,076 135,071 389,950 - 3,287,000 635,000 779,000 780,000 25,915 52,076 135,071 4,466,855 - 7,037,000 5,135,000 6,029,000 4,780,000 44,287 81,210 68,222 604,178 80,000 237,000 282,000 57,000 120,000 1,544,635 1,588,922 1,670,132 1,738,354 2,342,532 2,422,532 2,659,532 2,941,532 2,998,532 1,588,922 1,670,132 1,738,354 2,342,532 2,422,532 2,659,532 2,941,532 2,998,532 3,118,532 City of Cottage Grove, MN Capital Improvement Plan 2022-2026 MSA CONSTRUCTION FUND Projected Financial Position 2018 2019 2020 2021 2022 2023 2024 2025 2026 ACTUAL ACTUAL ACTUAL ESTIMATED ESTIMATED ESTIMATED ESTIMATED ESTIMATED ESTIMATED REVENUES Municipal State Aid Construction funds $ 1,596,921 $ 1,722,450 $ 1,998,672 $ 1,822,498 $ 685,000 $ 6,010,000 $ - $ 6,848,000 $ 1,000,000 Special assessments 288,979 364,814 340,129 309,742 125,000 125,000 125,000 125,000 125,000 Intergovernmental - County/State 600,000 1,637,500 - 12,650,000 Intergovernmental - Federal funding 3,000,000 10,033,000 Developer fees (includes school district) 1,173,167 721,856 168,982 145,220 800,000 800,000 1,308,000 800,000 Interest 33,829 Miscellaneous - Total Revenue 3,692,896 2,809,120 2,507,783 2,277,460 4,610,000 8,572,500 1,433,000 7,773,000 23,808,000 EXPENDITURES Professional services -miscellaneous 1,070 3,047 2,482 1,865 CSAH 22 55,910 east point Douglas - Roundabout 55,529 14,231 35,546 Trails/sidewalks Ravine parkway Phase 3, 4, 5 6,941,831 4,985,529 283,671 72,294 1,600,000 1,600,000 1,600,000 EPD & Ravine Pkwy - Cottage View & Comm Ctr 5,500,000 Jamaica Ave - 70th to Military 5,485 3,924 3,000,000 70th Street (in three phases) 3,540 1,250,851 100th Street 2,047,300 540,000 750,000 105th Street 4,380,160 Hadley Avenue street work 90th - 100th 17,761 5,226 65th Street 2,293,826 Hadley Ave North of 65th 54,885 995 80th Street (CSAH19 to TH 61) Reclamation 3,532 90,312 4,783,668 20,714 - 8,100,000 1,000,000 Bridge maintenance 24,295 East Point Douglas - Jamaica intersection 1,185,000 7,760,000 CSAH 19 and TH 61 - full reconst bridge 22,900,000 Harkness Ave Reconstruction 3,162,000 Total Expenditures 9,378,484 6,432,300 5,106,362 94,873 14,712,460 9,360,000 3,702,000 9,700,000 27,650,000 OTHER FINANCING SOURCES (USES) Bond Proceeds 7,268,977 2,500,000 6,887,500 938,000 - 3,000,000 Transfers in 1,020,476 2,600,385 701,874 736,000 500,000 1,456,000 650,000 650,000 Transfers out - PM Total other sources 8,289,453 2,600,385 701,874 - 3,236,000 7,387,500 2,394,000 650,000 3,650,000 Increase (decrease) in fund balance 2,603,865 (1,022,795) (1,896,705) 2,182,587 (6,866,460) 6,600,000 125,000 (1,277,000) (192,000) Beginning balance (3,035,122) (431,257) (1,454,052) (3,350,757) (1,168,170) (8,034,630) (1,434,630) (1,309,630) (2,586,630 Ending balance (431,257) (1,454,052) (3,350,757) (1,168,170) (8,034,630) (1,434,630) (1,309,630) (2,586,630) (2,778,630 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 2022-2026 Water Area Fund Projected Financial Position 2018 ACTUAL 2019 ACTUAL 2020 ACTUAL 2021 ESTIMATED 2022 ESTIMATED 2023 ESTIMATED 2024 ESTIMATED 2025 ESTIMATED 2026 ESTIMATED REVENUES Developer fees $ 803,885 $ 650,926 $ 986,326 $ 1,345,000 $ 300,000 $ 300,000 $ 300,000 $ 300,000 $ 300,000 Special Assessments 42,056 40,228 38,399 48,407 48,407 48,407 48,407 48,407 48,407 Intergovernmental - County/State 358,608 444,794 12,746,601 1,620,500 3M Settlement funds 33,800,000 15,860,000 5,000,000 Interest 24,315 53,234 15,032 Miscellaneous Total Revenue 1,228,864 1,189,182 13,786,358 3,013,907 34,148,407 16,208,407 5,348,407 348,407 348,407 EXPENDITURES East Ravine infrastructure development 25,000 25,000 25,000 25,000 25,000 Interim Water Treatment project 250,884 672,657 3,165,735 468,076 Miscellaneous 59,996 40,817 41,000 PFAS Study 385,413 184,276 water main oversizing 11,534 110,795 377,588 Ravine Parkway I & II 783,893 Intermediate & low zone water treatment facilities 33,800,000 15,860,000 5,000,000 Water tower - Business park 200,000 4,300,000 River Acres watermain extension 168,982 6,754,587 378,658 Granada watermain extension 75,630 1,888,880 64,572 Well 7&8 treatment 720,315 361,790 100th st watermain 119,745 147,778 95th & jamaica 199,350 Well #12 1,771,719 Total Expenditures 2,082,599 2,031,791 13,214,320 1,875,960 34,025,000 20,185,000 5,025,000 25,000 25,000 OTHER FINANCING SOURCES (USES) Bond Proceeds Transfers in Transfers out Total other sources - - - - - - Increase (decrease) in fund balance (853,735) (842,609) 572,038 1,137,947 123,407 (3,976,593) 323,407 323,407 323,407 Beginning balance 2,822,822 1,969,087 1,126,478 1,698,516 2,836,463 2,959,870 (1,016,723) (693,316) (369,909) Ending balance 1,969,087 1,126,478 1,698,516 2,836,463 2,959,870 (1,016,723) (693,316) (369,909) (46,502) 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 City of Cottage Grove, MN Capital Improvement Plan 2022-2026 Sewer Area Fund Projected Financial Position 2018 ACTUAL 2019 ACTUAL 2020 ACTUAL 2021 ESTIMATED 2022 ESTIMATED 2023 ESTIMATED 2024 ESTIMATED 2025 ESTIMATED 2026 ESTIMATED REVENUES Developer fees $ 770,175 $ 507,838 785,072 $ 1,101,000 $ 500,000 $ 300,000 $ 200,000 $ 200,000 $ 200,000 Special Assessments 25,180 24,085 22,990 39,090 39,090 39,090 39,090 39,090 39,090 Intergovernmental - County/State 1,888,000 1,000,000 Interest 2,003 11,297 3,740 Miscellaneous Total Revenue 797,358 543,220 811,802 3,028,090 1,539,090 339,090 239,090 239,090 239,090 EXPENDITURES East Ravine infrastructure development 8,987 35,000 25,000 25,000 25,000 25,000 25,000 Harkness 485,300 HyVee Miscellaneous 46,566 733 14,003 95th & jamaica 109,530 Ravine Parkway I & II 230,360 Trunk sewer extension - Met council 163,291 1,900,000 1,000,000 Total Expenditures 46,566 340,623 186,281 1,935,000 1,025,000 510,300 25,000 25,000 25,000 OTHER FINANCING SOURCES (USES) Bonds issued - - - - - - Debt Service - principal & interest (286,880) (293,550) - Transfers in Total other sources (286,880) (293,550) - - - - - - Increase (decrease) in fund balance 463,912 (90,953) 625,521 1,093,090 514,090 (171,210) 214,090 214,090 214,090 Beginning balance (329,937) 133,975 43,022 668,543 1,761,633 2,275,723 2,104,513 2,318,603 2,532,693 Ending balance 133,975 43,022 668,543 1,761,633 2,275,723 2,104,513 2,318,603 2,532,693 2,746,783 21,864 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 2022-2026 Storm Water Area Fund Projected Financial Position 2018 2019 2020 2021 2022 2023 2024 2025 2026 ACTUAL ACTUAL ACTUAL ESTIMATED ESTIMATED ESTIMATED ESTIMATED ESTIMATED ESTIMATED REVENUES Developer fees $ 1,202,877 $ 774,080 $ 792,024 $ 1,480,000 $ 300,000 $ 300,000 $ 300,000 $ 300,000 $ 300,000 Special Assessments 70,699 67,625 64,551 69,549 69,549 69,549 69,549 69,549 69,549 Intergovernmental - County/State Interest 66,800 145,291 58,441 Miscellaneous Total Revenue 1,340,376 986,996 915,016 1,549,549 369,549 369,549 369,549 369,549 369,545 EXPENDITURES 95th & Jamaica Improvements 3,172,483 86,524 Business park pond & grading 104,684 River acres water main project 69,800 East Ravine infrastructure & AUAR 8,987 Harkness 970,500 Anderson 21,883 Miscellaneous 32,951 34,689 1,834 2,000 Ravine parkway phase I & II 1,415,790 oversizing 21,520 476,535 303,265 Lake Robert 48,355 46,055 West draw modeling 32,676 Total Expenditures 159,155 4,622,962 746,594 351,320 970,500 OTHER FINANCING SOURCES (USES) Transfers in - 95th &jamaica 2,108,880 Transfers in (out) (129,972) Total other sources - 2,108,880 (129,972) - - - - Increase (decrease) in fund balance 1,181,221 (1,527,086) 38,450 1,198,229 369,549 (600,951) 369,549 369,549 369,549 Beginning balance 3,433,292 4,614,513 3,087,427 3,125,877 4,324,106 4,693,655 4,092,704 4,462,253 4,831,802 Ending balance 4,614,513 3,087,427 3,125,877 4,324,106 4,693,655 4,092,704 4,462,253 4,831,802 5,201,351 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 City of Cottage Grove, MN Capital Improvement Plan 2022-2026 Water utility Fund Projected Financial Position 2018 2019 2020 2021 2022 2023 2024 2025 2026 ACTUAL ACTUAL ACTUAL ESTIMATED ESTIMATED ESTIMATED ESTIMATED ESTIMATED ESTIMATED REVENUES Charges for Services $ 2,128,744 $ 2,505,546 $ 2,963,362 $ 3,052,263 $ 3,231,000 $ 3,231,000 $ 3,327,930 $ 3,427,768 $ 3,530,601 Intergovernmental - County/State 61,849 Interest 64,891 129,903 92,769 70,000 70,000 70,000 70,000 70,000 70,000 Miscellaneous 15,908 62,042 39,558 Total Revenue 2,209,543 2,697,491 3,157,538 3,122,263 3,301,000 3,301,000 3,397,930 3,497,768 3,600,601 EXPENDITURES Operating expenses Water meter replacement project Water conservation projects Well maintenance Water tower painting booster pumps - Calarosa Pavement management East Point Douglas & CSAH 19 Total Expenditures OTHER FINANCING SOURCES (USES) Debt service 1,546,615 1,769,498 1,721,950 1,733,160 1,798,650 1,834,623 1,871,315 1,908,742 1,946,917 388,498 41,050 50,000 100,000 100,000 100,000 100,000 100,000 - 23,121 70,000 70,000 70,000 70,000 70,000 70,000 69,320 330,000 220,000 100,000 - - 59,601 173,460 212,750 159,810 159,810 2,004,433 1,792,619 1,763,000 1,912,761 2,398,650 2,398,083 2,254,065 2,238,552 2,276,727 interfund loan 215,525 213,425 210,000 Transfers in Transfers out (171,800) (186,000) (186,000) (186,000) (192,000) (192,000) (192,000) (192,000) (192,000) Total other sources 43,725 27,425 24,000 (186,000) (192,000) (192,000) (192,000) (192,000) (192,000) Increase (decrease) in fund balance 248,835 932,297 1,418,538 1,023,502 710,350 710,917 951,865 1,067,216 1,131,874 Beginning balance 4,998,581 5,247,416 6,179,713 7,598,251 8,621,753 9,332,103 10,043,020 10,994,884 12,062,101 Ending balance 5,247,416 6,179,713 7,598,251 8,621,753 9,332,103 10,043,020 10,994,884 12,062,101 13,193,975 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 2022-2026 Sewer Utility Fund Projected Financial Position 2018 ACTUAL 2019 ACTUAL 2020 ACTUAL 2021 ESTIMATED 2022 ESTIMATED 2023 ESTIMATED 2024 ESTIMATED 2025 ESTIMATED 2026 ESTIMATED REVENUES Charges for Service $ 2,632,931 $ 3,064,579 $ 3,190,150 $ 3,157,500 $ 3,333,500 $ 3,533,500 $ 3,639,505 $ 3,748,690 $ 3,861,151 Interest 56,736 88,709 68,548 30,000 30,000 30,000 30,000 30,000 3,000 Miscellaneous 52,677 124 46 Total Revenue 2,742,344 3,153,412 3,258,744 3,187,500 3,363,500 3,563,500 3,669,505 3,778,690 3,864,151 EXPENDITURES Operating Expenses Pavement Management Sewer sliplining - spot replacement Lift Station Total Expenditures OTHER FINANCING SOURCES (USES) 2,362,751 2,474,675 2,829,352 2,692,385 3,240,305 3,283,800 3,382,314 3,483,783 3,588,297 - - 51,412 198,812 243,844 183,167 183,167 76,266 50,000 1,000,000 50,000 50,000 50,000 50,000 2,362,751 2,550,941 2,829,352 2,793,797 4,240,305 3,532,612 3,676,158 3,716,950 3,821,464 Interfund loan 250,000 250,000 250,000 250,000 250,000 250,000 Transfers in Transfers out (187,000) (192,600) (192,600) (192,600) (192,000) (192,000) (192,000) (198,400) (198,400) Total other sources (187,000) (192,600) (192,600) 57,400 58,000 58,000 58,000 51,600 51,600 Increase (decrease) in fund balance 192,593 409,871 236,792 451,103 (818,805) 88,888 51,347 113,340 94,287 Beginning balance 1,981,812 2,174,405 2,584,276 2,821,068 3,272,171 2,453,366 2,542,254 2,593,601 2,706,941 Ending balance 2,174,405 2,584,276 2,821,068 3,272,171 2,453,366 2,542,254 2,593,601 2,706,941 2,801,228 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 2022-2026 Streetlight utility Fund Projected Financial Position 2018 2019 2020 2021 2022 2023 2024 2025 2026 ACTUAL ACTUAL ACTUAL ESTIMATED ESTIMATED ESTIMATED ESTIMATED ESTIMATED ESTIMATED REVENUES Charges for Services $ 752,229 $ 786,415 $ 910,542 $ 870,000 $ 893,000 $ 918,000 $ 963,900 $ 1,012,095 $ 1,062,700 Intergovernmental - County/State Interest 12,384 21,203 8,048 10,000 10,000 10,000 10,000 10,000 10,000 Miscellaneous 69,283 39,172 52,416 20,000 20,000 20,000 150,000 150,000 150,000 Total Revenue 833,896 846,790 971,006 900,000 923,000 948,000 1,123,900 1,172,095 1,222,700 EXPENDITURES Operating expenses 686,029 869,236 932,093 754,610 745,300 760,206 775,410 790,918 806,737 Pavement management - - - 74,101 90,886 262,838 262,838 Replace/install Signal lights 300,000 350,000 350,000 Annual system improvements 120,611 100,000 100,000 100,000 100,000 100,000 100,000 Total Expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out (47,220) (48,650) (48,650) (48,650) (50,000) (50,000) (50,000) (50,000) (50,000) Total other sources (47,220) (48,650) (48,650) (48,650) (50,000) (50,000) (50,000) (50,000) (50,000) 806,640 1,169,236 932,093 854,610 845,300 1,284,307 966,296 1,503,756 1,169,575 Increase (decrease) in fund balance (19,964) (371,096) (9,737) (3,260) 27,700 (386,307) 107,604 (381,661) 3,125 Beginning balance 1,100,636 1,080,672 709,576 699,839 696,579 724,279 337,972 445,576 63,915 Ending balance 1,080,672 709,576 699,839 696,579 724,279 337,972 445,576 63,915 67,040 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