05-09-11 WSIYEM 2
3601 Thurston Avenue N, Suite 100
Anoka, MN 55303
Phone: 763.231.5840
Facsimile: 763.427.0520
T'PCTPOPPlanningCo.corn
MEMORANDUM
TO: Otsego Mayor and City Council
FROM: Daniel Licht, AICP
DATE: 4 May 2011
RE: Otsego — Rogers TH 101/CR 144 Interchange Project
TPC FILE: 101.01
BACKGROUND
Rogers City Administrator Steve Stahmer, Public Works Superintendent John Seifert
and City Engineer Bret Weiss attended the 28 April 2011 Staff/Development meeting to
discuss the proposed TH 101/CR 144 interchange project.
The cost of the proposed TH 101/CR 144 interchange is $22 Million. Rogers has
obtained a $9 Million Safety and Mobility grant from the State, is seeking a $7 Million
STP Federal grant and $2 Million from Hennepin County. Rogers will be responsible for
the unfunded balance of the project costs. To this end, Rogers is seeking support from
Otsego (and Elk River) with upfront planning costs for the project that if completed in
advance will strengthen the STP grant application. These costs are estimated at
$400,000 and Rogers is asking Otsego to consider contributing $100,000. This
contribution would be made by executing a joint powers agreement and Rogers City
staff provided a draft resolution that would be adopted by both Rogers and Otsego to
consider entering into such a framework.
Otsego City staff agreed that there is benefit to Otsego for the project in terms of
employment access and access to schools used by Otsego students. The project
would also coordinate well with Otsego's planned 70th Street improvement to provide
west Otsego residents a transportation alternative to 1-94. However, Otsego City staff
also reviewed the costs incurred and those still pending as part of the TH 101 project in
Otsego that included the local share for Wright County and the City of St. Michael. This
project provided both local and regional benefit similar for TH 101 traffic as the recently
completed flyover at South Diamond Lake Road and proposed TH 101/CR 144
interchange. Otsego City staff stated that it is very unlikely the Otsego City Council
would to contribute financially, to the TH 101/CR 144 interchange project.
Exhibits:
A. Rogers draft resolution supporting a joint powers agreement
B. Otsego TH 101 Project Cost Summary
RECOMMENDATION
Rogers City staff asked for an opportunity to meet with the City Council and make a
presentation regarding the proposed TH 101/CR 144 interchange project. Otsego City
staff suggested they attend the May 9, 2011 City Council work session that is scheduled
to follow the regular meeting.
POSSIBLE ACTIONS
This item is for discussion purposes only and no action is required by the City Council.
C. Tami Loff, City Clerk
Gary Groen, Finance Director
Ron Wagner, City Engineer
Steve Stahmer, Rogers City Administrator
John Seifert, Rogers Public Works Superintendent
Bret Weiss, Rogers City Engineer
2,
RESOLUTION NO. 2011—
A JOINT RESOLUTION RELATED TO THE FORMATION OF AN AGREEMENT
BETWEEN THE CITY OF ROGERS AND THE CITY OF OTSEGO
WHEREAS, the City of Otsego and Rogers have recognized the benefit of regional planning
and advocacy for transportation improvements through their support of the TH 101 and I94
coalitions; and
WHEREAS, the construction of the TH 101 flyover of South Diamond Lake Road has improved
the ability for commuter traffic to pass through the City of Rogers and move more quickly to
Cities located north of Rogers; and
WHEREAS, the future economic growth of the corridor will be limited by the continued
congestion and non -flee flowing movement at this intersection; and
WHEREAS, the intersection of TH 101 and CSAH 144 is the last at grade intersection for
northbound TH 101 between 194 and the City of Elk River; and
WHEREAS, the future construction of an interchange at TH 101 and CSAH 144 would improve
the safe and efficient movement of travel for area residents and regional commuter traffic by
eliminating an at grade intersection; and
WHEREAS, an interchange at this location will improve safety and access for students, parents,
staff and visitors to the school district facilities located in Rogers adjacent to CSAH 144; and
WHEREAS, Mn/DOT has awarded the City of Rogers $9,200,000 in Safety and Mobility
funds(SaK toward a grade separated interchange estimated at approximately $22,000,000 and
has committed to provide other soft costs including design and construction to complete this
project; and
WHEREAS, the City of Rogers and Hennepin County will need to provide a letter of financial
commitment to Mn/DOT by June 30'h agreeing to a local share of $3,000,000 for the project to
continue forward; and
WHEREAS, because the SaM funding does not fully fund the project, the City of Rogers, with
the support of Mn/DOT and Hennepin County, will be applying for surface transportation
program funding(STP) through the Metropolitan Council; and
WHEREAS, the competitive STP grant application would be strengthened by the formation of a
partnership of communities benefitting from the improvement; and
WHEREAS, the City of Rogers has committed funding to complete the SaM and STP funding
applications and has initiated preliminary environmental and interchange justification and '~
concept level drawings required by Met Council to keep the project moving; and
Moved by Councihnember , seconded by Councilmember
The following voted in favor of said Resolution:
The following voted against the same:
The following abstained:
Whereupon said Resolution was declared duly passed and adopted, and was signed by the Mayor
and attested by the Clerk dated this day of , 2011.
Otsego Mayor
ATTEST:
City Clerk
Estimate of Total Cost of TH101 Upgrade
Project Name Relevancy Rating Explanation Engineering Infrastructure
RR 1 RR 2 RR 3 RR 1 RR 2 RR 3
TH101 1 Attend Predest n Meeting, $72,000.00
1 Construction Observation $5,250.00
As Built Plans and Review $4,800.00
Locates during construcito $23,800.00 _
$105,850.00
SE Quadrant Stu 2 [Complete Study on. Lon $15,000.00
$15,000.00
xtre Yurn Lane CM 2 $11,000.00
Curb and Gutter C it 31 1 1 1 100.00
Tum Lane C 371 1 $60,000.001
$105,850.00 $541,800.00 $31,475.00 $60,000.00 $4,093,000.00 $227,000.00
$679,126.00 $4,360,000.00
$6,069,125.00
_-CS II 144 AND TH 101
A
WSB
ecent History of TH 101
near CSAH 144
Congestion on TH 101 NB leads to backups on
I-94
• A flyover of South Diamond Lake Rd was built
in 2010 to alleviate this heavy WB -NB
movement
• Resulted in greater congestion at the CSAH 144
intersection - Unimpeded NB traffic
• Last at -grade signal system on TH 101 for the
heavy I-94 to TH 101 NB movement
Flyover Project
ti ? ar
Al 1-4� T-rdffi FO
Aj
� F
I jl;l p�l
W_11 64�
144M
AOLJ7
;sb ,
Traffic Information
Existing AADT:
a TH 101 north of intersection: 42,500
E TH 101 south of intersection: 41,000
o CSAH 144 east of intersection: 8,850
a CSAH 144 west of intersection: 7,400
2035 AADT:
o TH 101 north of intersection: 59,000
o TH 101 south of intersection: 58,000
o CSAH 144 east of intersection: 18,400
Hi CSAH 144 west of intersection: 12,700
5/9/2011
Interchange Options
p �
Tight Diamond Interchange (TDI)
MW
-�� T•• ..
ry 1
1 .1MWMI
Interchange Options
Ingle Point Urban Interchange (SPUI)
<,
&7
- �
_
*=� ti
Interchange Options
verging Diamond Interchange (DDI)
=� F -
p _
lw
' hl
UI` ding the
H 10 1 /CSAH 144 interchange
E $22 Million - Design and Construction
Hi Awarded $9 Million Safety and Mobility
o Seeking a $7 Million STP Federal grant
E Seeking $2 Million from Hennepin County
o Mn/ Dot Completing the design & construction
o Rogers & partners- responsible for the
unfunded balance
a $400,000 Upfront planning - strengthen the STP
grant application
o Otsego - consider contributing $100,000
ITEM 3
COURT, MACARTHUR & RUPPE, P.L.L.P
Attorneys at law
Michael C. Couri* 705 Central Avenue East Sarah E. Schwarzhoff
Andrew J. MacArthur PO Box 369
Robert T. Ruppe**
"Also Licensed in Illinois
"Also Licensed in California
May 4, 2011
City Council Members
City of Otsego
c/o Tami Loff, City Clerk
8899 Nashua Avenue NE
Otsego, MN 55330 .
St. Michael, AN 35376-0369
(763) 497-1930
(763) 497-2599 (FAX)
www.courimacarthur.com
RE: Proposed Extension Agreement- Appello Group, LLC- Great River Centre
Dear Council Members:
Please find enclosed a revised extension Agreement regarding the Great River Centre
development, based upon our most recent meetings for Council review and input.
The revised Agreement extends the time frame for completing the remainder of the street
and other public improvements until July of 2012, assuming that the Developer is able to
extend the current Letter of Credit. In the event that the Developer is not able to extend
the Letter the City must be notified and we will draw on the Letter of Credit.
If the City decides to or must draw on the Letter of Credit, the City can determine
whether or not the funds will be used for completion of public improvements or to pay
down City debt service. If the money, or a portion of the money drawn, is not used to
complete the public improvements, the City can, at its option, assess those lots owned by
the Developer for the improvements and they agree to as the assessment and waive any
right of appeal.
The Agreement has been drafted in light of the most recent information provided by the
Developer relative to the present market conditions and their ability to make payments. I
am providing a draft of the Agreement for City Council review at the next City Council
meeting workshop prior to sending it to the Developer.
Letter to Otsego City Council
May 4, 2011
Page 2
I will be available to answer any questions you might have regarding the draft Agreement
at the next regularly scheduled City Council meeting on May 9.
Very truly.,.you,
Andrew J. acArthu.
"URI, MACARTHUR & RUPPE, PLLP
Encl.
cc: Dan Licht, City Planner
Ron Wagner, City Engineer
DRAFT- May 4, 2011
CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
AGREEMENT BETWEEN THE CITY OF OTSEGO AND APPELLO GROUP,
LLC REGARDING COMPLETION OF PUBLIC IMPROVEMENTS AND
PAYMENT OF CITY ASSESMENTS WITHIN GREAT RIVER CENTRE
AGREEMENT entered this day of , 2011 between Appello Group, LLC
(APPELLO), a Minnesota Limited Liability Company and the City of Otsego (CITY) a
municipal corporation under the laws of the State of Minnesota.
WHEREAS, APPELLO and CITY previously entered into agreements regarding
completion of certain public improvements; and
WHEREAS, pursuant to those Agreements certain funds were escrowed for that purpose
with 21 st Century Bank; and
WHEREAS, APPELLO completed a certain portion of the work in 2010, utilizing the
escrowed funds; and
WHEREAS, APPELLO was to complete the remainder of the public improvements by
July 15, 2011 or to request City extension of the Agreement by April 15, 2011; and
WHEREAS, APPELLO did request extension of the Agreement in writing by the
required date of April 15, 2011 indicating in that letter that they would not be able to
complete the remainder of the required public improvements by July 15, 2011 due to the
current market conditions; and
WHEREAS, the Otsego City Council by resolutions adopted at a regularly scheduled
City Council meeting on April 25, 2011 authorized City staff to draw on the Letter of
Credit unless a satisfactory additional extension Agreement can be reached by July 15,
2011 ; and
NOW, THEREFORE, IT IS AGREED between the Parties as follows:
1. APPELLO agrees with the conclusion of the City Engineer that the roadways
(specifically Quaday Avenue from 87th Street to 85th Street and 85th Street from
CSAH 42 to Quaday Avenue) within GREAT RIVER CENTRE that have not
received a final lift of bituminous have deteriorated to such an extent that those
roadways will have to be re -milled and an adequate base will have to be laid prior
to application of a wear course of bituminous. APPELLO agrees that this
substantially increases the estimated cost of the work to be completed. Further,
APPELLO specifically agrees not to raise the issue of the adequacy of the initial
laying of the base course or oversight with the CITY and agrees to waive any and
all possible claims or causes of action against the City and its employees, agents
and contractors based upon such allegations.
2. APPELLO agrees to hold in escrow any available funds from any closing
scheduled within GREAT RIVER CENTRE (or any of its additions) for lots
owned by APPELLO, said funds to be utilized by the CITY, at its sole discretion,
to complete the remainder of the public improvements required within GREAT
RIVER CENTRE or to be applied against CITY debt service related to unpaid
assessments allocated to APPELLO for the CITY CSAH 42 Project.
3. APPELLO agrees to fully complete removal of existing base course and
installation of new base course and wear course on 85th Street and Quaday
Avenue as set forth in the City Engineer's e-mail to City staff and APPELLO
dated May 28, 2010 to the satisfaction and approval of the City Engineer by July
16, 2012 utilizing funds escrowed from any closing occurring between the date of
execution of this Agreement and July 16, 2012. Additionally, all other required
public improvements (landscaping, street lights, trails/sidewalks) shall also be
completed by July 16, 2012 unless otherwise agreed to by CITY. APPELLO shall
notify CITY of any and all closings for properties within GREAT RIVER
CENTRE and shall prior to the closing disclose any amounts available from that
closing to be placed in escrow for the purpose of constructing the additional
public improvements or covering CITY debt service for the CSAH 42 Project, as
determined at the sole discretion of the CITY: Any funds available for those
purposes, as reasonably determined by CITY, and approved by APPELLO's
lender, shall be placed in escrow for either purpose. The obligation to escrow for
public improvements and/or debt service payments shall remain in force and
effect until such time as all CITY required public improvements within the Plat
have been constructed to the reasonable satisfaction of the City Engineer and
sufficient surety is available to cover all applicable warranties and all delinquent
assessments have been paid.
4. APPELLO agrees to keep in force and effect at all times from this date forward
the required Letter of Credit in at least the amount of $300,000.00 for purposes of
assuring CITY that all public improvements are completed and that assessments
and taxes on GREAT RIVER CENTRE are timely paid as required by the
Developer's Agreement and addendums thereto. This provision is to insure that
the CITY always has available to it security to cover the costs of public
improvements that must be finished by CITY and to assure that taxes and
assessments on the Plat are timely paid. In the event that the CITY must draw
2
upon any posted Letter of Credit for the purpose of completing public
improvements as set forth in this Agreement, APPELLO must immediately cause
there to be a replacement Letter of Credit in the same amount, and in force and
effect for a period of not less than one year from the date of posting the Letter of
Credit. Any new Letter of Credit must contain an automatic renewal provision
and be issued by an FDIC approved and insured banking or lending institution
with an office at which the Letter of Credit can be delivered to draw upon within
fifty (50) miles of CITY.
5. APPELLO must notify the CITY at least two weeks prior to the expiration of the
current Letter of Credit whether or not the BANK will renew the Letter of Credit.
In the event that the Letter of Credit is not reissued, replaced or extended the
CITY will draw down the Letter of Credit and use the proceeds at its sole
discretion to either construct all or a portion of the remaining public
improvements or to pay off existing or future CITY debt service. APPELLO
agrees to cooperate with the CITY's draw on the Letter of Credit. In the event that
the CITY draws on the Letter of Credit it does not reduce, change or modify any
obligation that APPELLO has to the CITY under this Agreement, the original
Developer's Agreement or any addendum or other Agreement between
APPELLO and the CITY related to GREAT RIVER CENTRE.
6. In the event that the CITY determines that the Letter of Credit must be drawn
down to insure the CITY's ability to make current of future debt service
obligations prior to completion of the public improvements, CITY may determine
that the public improvements must go forward as a CITY Project, in which case
all costs associated with the CITY project shall be assessed against lots and
outlots within the Plat owned by Appello, LLC; specifically Outlots I and K,
GREAT RIVER CENTRE FIRST ADDITION; Outlots A,B and C and Lot 1,
Block 2; Lots 1 and 2, Block 3 and Lot 1, Block 4 GREAT RIVER CENTRE
SECOND ADDITION; and Oulot A, GREAT RIVER CENTRE THIRD
ADDITION. If the CITY proceeds with the CITY project and assessment
APPELLO specifically waives any and all hearings, irregularities in the
proceedings and any right of appeal of whatever nature including the right of
appeal in Minnesota Statute 429.081. APPELLO specifically agrees that the
remaining public improvements increase the fair market value of the above
described properties in at least the amount of the costs of said improvements.
7. This current Agreement does not affect any of the terms and conditions of those
previous Developers Agreement and amendments thereto between APPELLO and
CITY, unless specifically amended or modified by this Agreement. All other
terms and conditions of the previous Developers Agreement and amendments
thereto shall remain in full force and effect.
8. Any and all required upkeep and repair (such as potholes and crack sealing) of
those portions of the road (85th and Quaday) which will not receive the wear
course until next year as well as prompt mowing of all lots within the Plat, are the
responsibility of APPELLO. Any such required repairs or mowing, as determined
at the reasonable discretion of the CITY, shall be promptly undertaken and
completed by APPELLO upon receipt of notice of the same from the CITY. In the
event that APPELLO does not promptly make the repairs as required by the City
Engineer or undertake mowing as required by the Zoning Administrator, CITY
may make such repairs and/or undertake mowing and bill the costs of the repair or
mowing as well as any attendant administrative, legal, engineering, planning'or
other costs incurred by the CITY to APPELLO which shall promptly (within
thirty days) make such payment. If APPELLO fails to pay for any costs CITY
may draw upon any available escrow or security that it holds to cover these costs
plus interest and/or assess the costs against any property within the Plat owned by
APPELLO. Failure to immediately pay any such repair costs shall be considered a
material breach of this Agreement, and CITY may immediately terminate the
Agreement.
Dated:
APPELLO GROUP LLC
By:
Its
Dated:
CITY OF OTSEGO
Jessica Stockamp, Mayor
Tami Loff, City Clerk
CONSENT
4
21" Century Bank as Lender to Appello Group LLC and as the issuer of a Letter of
Credit on behalf of Appello Group, LLC affecting Great River Centre, has reviewed
this Agreement and consents to its terms and conditions.
Dated:
2.1" CENTURY BANK
By:
Its
ITEM 4
I ` Halt�ns®n
Main Office: -- - --
3601 Thurston Avenue, Anoka, MN 55303
Phone: 763/427-5860 Fax: 763/427-0520
Anderson www.haa-inc.com
MEMORANDUM
TO: Ronald Wagner, P.E.
FROM: Charlie Christopherson, P.L.S.
DATE: May 3, 2011
RE: Subdivision of West Wastewater Treatment Facility as addition to Block 1, SUNRAY
FARM ADDITION
As per your request, I have broken down the tasks and estimated costs to subdivide the southerly portion
of the City of Otsego's West Wastewater Treatment Facility (plat of PLEASANT CREEK FARMS) into
Outlots. My understanding is that they would be attached to the adjacent lots in Block 1, of SUNRAY
FARM ADDITION. The tasks to subdivide this property are as follows:
• Compute, Plot and Draft Final Plat
> Submit plat to County Surveyor for review.
> Compute individual Outlot areas and prepare individual Outlot exhibits for property
owners.
> Have final plat mylars prepared by others.
• Field Survey
> Locate existing property (lot) corners along rear of Block 1, verify positions and establish
new monuments if missing.
> Set new corners of individual Outlots.
I have estimated the cost of conducting this work to be $3,150.00.
The cost does not include plat checking fees, reproduction of final mylars for recordation or any other fees
payable to others.
ot109rwmemo Page 1 of 1
CITY OF OTSEGO
Finance —11
Memo
To: City Council
From: Gary Groen
Date: May 5, 2011
Re: Capital Equipment Revolving Fund Update for 2011
Background
The City -finances the purchase of public works, park and larger administrative
equipment purchases with monies accumulated in the Capital Equipment Revolving
Fund. This fund is financed with annual budgeted transfers from the General Fund.
The budgeted transfer for 2010 was $200,000 and was reduced to $160,000 in 2011.
The revised projected fund balance remaining in the Capital Equipment Revolving
Fund at the end of 2011 is $445,968.
The original 2011 budget schedule of equipment purchases provides both actual
2008 and 2009 information plus projected 2010 through 2014 equipment purchases.
The original 2011 budget was included in the budget book under tab 5, page nine,
and the anticipated expenditures totaled $208,500 as detailed in that schedule.
The 2011 budget has been revised based on discussions at the Public Works
Subcommittee meeting on April 27, 2011. The Public Works Subcommittee
recommended approval of the changes to the capital equipment schedule that are on
the agenda for Monday, May 9, 2011. The actual revised capital equipment
expenditures for 2011 total $159,624. The revisions in the schedule are as follows:
• The all purpose utility vehicle is estimated to cost $15,000 and was moved
from 2010 to 2011. It is anticipated this equipment will be purchased to allow
for summer use yet this year.
9 Page 1
• It is expected the City will buy a used air compressor later this year. Originally
this purchase was schedule at $10,000 in 2010 but has been moved to 2011
along with a revised cost estimate of $14,000.
• The last item moved to the current year from 2010 is a one ton truck with
plow. It is anticipated to cost $35,000. This is an additional vehicle for the
public works staff.
• There original budget included $20,000 for miscellaneous and small
equipment. This is now budgeted in the General Fund and is now longer part
of the capital equipment replacement schedule. The small equipment
purchases will also be brought to the City Council for consideration prior to
purchase.
The City staff is working to continue the capital equipment replacement schedule to
2015 and 2016. When that is completed, it will be forwarded for your consideration.
Recommendation
The updated capital equipment schedule was reviewed by the Public Works
Subcommittee on April 27, 2011. The City staff recommends the City Council review
the planned capital equipment purchases for 2011 and provide direction as to
proceed with scheduled purchases for 2011.
9 Page 2
(,itv of ntqpnn
Equipment Revolving Fund - Fund 206 I I
ALL CAPI, UIPMENT EXPENDITURES REQUIRE COUNCIL REVIEW AND AF
T
R-
Actual 1 Actual
Projected
AL
2008 I 2009 2010 2011
2012
2013 2014
Actual/Projected Fund Balance, January 1 366,985 $ 405,992 $ 598,991 $ 387.481
348,668
::92,384 $ 287,194
General Fund budget transfer
180,000 190,000 200,000
-1 160,000
180,000
200,000 220,000
10ther,
2,071
Interest Income projected at 2.5% of beginning of
. . .-
-T
year
balance
9
15,212 12,675 14,975 9,687
8,717 1
4,810 7,180
I - lBalance and Additions 1
FT
562,197 608,667
1
- 1 1.
-d-
- I
816,0 $ 557,168
397-194 514,374
Less:
Public Works Vehicles & Equipment
2008 Sterling L8500 plus plow equipment
Crane/Box for 2002 Fordd
j
141,243
14,962
kAA
--VINCI
. . ........................................
Used boom truck ( finance from street lighting
fees)
=
j 9,676
LaserFiche Document Imaging
20,742
_-r
..........
Sterling 2002 1 Dump with Plow
52,990
12010
Mack Dump with Plow I
j j I j 197,609
!Budgeted but not expended as of this date
2005 Cat Loader
53,331
All purpose utility vehicle - gator
15.000
Air compressor & equipmentl Acquire used
10,000
Hydraulic 18" mill (9,500), and Harley rake (8,000) Rent in '10 &'11, acquire in '12
-
20,000
Upgrade skidster loader - plus $3.000 per year for new upgrade (INC. TAX)
I 15,129
-
1 ton with plow moved to '11 from '101
35,000
45,000
JD Z925A Mower and side discharge deck I I
13,469 J
10,000
20,000
Replace Landpride mower
Tractor to replace Ford 3000 I
I 38,500
H125.000
-Sweeper
Sweeper Evaluate annually - leave contingency
50,000
pickup
j 30,000
I
30,000 1
i
S/A Dump W/Plow (Replace '93 & '94) - Evaluate annually
180,000 190,000
Replace pickup with a one ton w/plow
45,000.
Purchase an excavator (INCL. TAX)
I
55,286
]Blacktop
hot box
20,000
Purchase a sign truck
60,000
Road d grader Recondition or trade for used
I
50,600T
I
miscellaneous small equipment Reduce by 5,000 annually
20,000
20,000
20,000
20,000 20,000
Total Expenditures
I I
156, 205 9,676 428,556
208,500
345,000
110,000 400,000
Actual/Projected Fund Balance, - December 311
$ 405,992 $ 598,991 387,481
$ 348,668 $
192,384 $
287,194 I $ 114,374
I
Scheduled for 2010 acquisition and now are planned for 2011
I Con; Range Tax Projection - Public Works Capital Equipment - Page Nine
fl
City of Otsego
. )ment Revolving Fund - Fund 206
ALL CAPITAL iPMENT EXPENDITURES REQUIRE COUNCIL REVIEW AND APPROVAL
Actual
ActualActual
Projected
Actual/Projected Fund Balance, January 1
2008
2009
2010
2011
2012
2013
2014
$ 366,985
$ 405,992
$ 598,991
$ 434,725
$ 445,968
$ 234,376
$ 350,235
General Fund budget transfer
Other
180,000
190,000
200,000
160,000
180,000
200,000
220,000
Sale of assets
2,071
Interest Income projected at 2.5% of beginning of year balance
24,000
15,212
12,675
7,804
10,868
11,149
5,859
8,756
Balance and Additions
Less:
562,197
608,667
832,866
$ 605,593
637,118
440,235
578,991
Public Works Vehicles & Equipment
2008 Sterling L8500 plus plow equipment
141,243
Crane/Box for 2002 Ford
14,962
Used boom truck ( finance from street lighting fees)
LaserFiche Document Imaging
9,676
-
Sterling 2002 L8511 Dump with Plow
20,742
2010 Mack Dump with Plow
56,044
2005 Cat Loader
197,609
All purpose utility vehicle - gator
53,331
Air compressor &equipment Acquire used if possible
moved to '11 from '10
moved to '11 from '10
-
15,000
.Hydraulic 18" mill (9,500), and Harley rake (8,000)
Rent in '10 &'11, acquire in '12
14,000
Upgrade skidster loader - plus $3,000 per year for new upgrade (INC. TAX)
_
_
20,000
1 ton with plow
15,129
_
-
-
JD Z925A Mower and side discharge deck
moved to'11 from '10
-
35,000
-
45,000
Replace Landpride mower, net of trade plus sales tax
10,000
20,000
Tractor to replace Ford 3000, net of trade plus sales tax
9,068
Erskine 781 Front Mount Snowblower attachment for above
37,931
Sweeper Purchase in 2011 - half paid in 2011 and 2012; $82,500 less $10,000 trade in, plus tax
9,883
Speedwagon Review on a year to year basis - moved to '12
38,742
38,742
Replace pickup
-
9,000
S/A Dump W/Plow-
(Replace '93 &'94) -Evaluate annually
30,000
30,000
Replace pickup with a one ton w/plow
180, 000
190,000
Purchase an excavator (INCL. TAX)
45,000
.Blacktop hot box
55,286
Purchase a sign truck
20,000
Road grader Recondition or trade for used
60,000
50,000
Total Expenditures
156,205
9,676
398,141
159,624
402,742
90,000
255,000
Actual/Projected Fund Balance, December 31
$ 405,992
$ 598,991 _ $
434,725 _ $
445,968 $
234,376 $
350,235 $
323,991
Long
Range Tax Projection
- Public Works Capital Equipment -Page Nine