|Capital Improvement Program Updated|
|Written by Nancy Bowman|
|Wednesday, 11 September 2013 00:00|
An improved economy since the city’s 10-year capital improvement program was developed means more income tax dollars coming in and, in turn, the likelihood of more capital projects for Tipp City in coming years.
City Manager Jon Crusey updated City Council last week on the 10-year capital improvement program being funded by an income tax package approved by voters in May 2011.
Crusey provided numbers and council heard a list of potential added projects during the Sept. 3 work session. Council will meet Sept. 23 beginning at 3 p.m. for its annual in-depth review of capital project budgets for the next five years.
The major projects outlined in the 10-year capital plan presented to voters were frontloaded with most now done or nearly done, Crusey said. Money borrowed for those projects will be paid back before the 10-year tax program expires.
Among the projects were buying the new fire ladder truck, Franklin Street reconstruction, downtown utilities replacements, fire/EMS station expansion and renovations; the Dow and South Third streets reconstruction; and the return of annual street paving.
Projects added the past two years to the 10-year list were the Abbott Parkway reconstruction and the downtown streetscape project. Both projects came up after the 10-year plan was developed.
In addition to continued annual street paving, the only remaining project outlined in the 10-year plan beyond replacing vehicles and equipment is the Dow Street reconstruction between Hyatt and Rohrer. That work is scheduled for next year. This year’s Dow Street reconstruction was between Hyatt and Fifth streets.
Because of conservative income estimates when the CIP plan was developed in 2010, more money has been coming in than projected, Crusey said.
“At that point the economic future wasn’t looking very good so we were conservative in estimates of income,” he said. Instead of the projected 2 percent annual increase, 4 percent was experienced in 2011, 10.11 percent in 2012 and a projected 7 percent this year.
An originally estimated 2013 year-end capital improvement fund balance of $100,000 is projected to be $550,000, growing to a projected $3.8 million in 2020 and $5.6 million in 2021.
Those numbers mean council will have some options as it looks at the five-year and 10-year capital improvement plans, Crusey said.
One option could be to increase the amount of street paving being done each year, he said.
City staff also came up with a list of seven possible projects, most dealing with storm water, that could be added to the list of upcoming projects, Crusey said. “This is something for you to think about,” he said.
City Engineer Scott Vagedes outlined those possible projects. They are:
A right turn lane from northbound County Road 25A onto Donn Davis Way at an estimated $41,000 cost.
A South Street/South Sixth Street and Fifth Street storm sewer: to help flooding issues at an estimated $133,000 cost.
Westedge storm sewer phase one to route storm water on Tippecanoe and Miles to the Amokee Ditch, $297,000 cost estimate.
Westedge storm sewer phase two to improve storm sewer, $251,000.
West Dow Street storm sewer to reroute storm water and slip line sewers, $125,000
Interstate 75 ditch maintenance along east side of interstate. This is about 3,000 feet of ditch maintenance that Vagedes said is too much for one property owner to fix. The estimated cost: $261,000
Continuation of streetscape on Main Street east of First Street to bike trail just east of First Street at an estimated cost of $1.28 million.
Staff pointed out most of the proposed projects involved storm water work. Councilman Mike McDermott questioned whether council should be spending capital improvement fund money on storm water projects. The establishment of a storm water fee for storm sewer projects had been discussed in the past and abandoned. McDermott said a special fee might be the best source of paying for the storm sewer versus using the capital improvement dollars.
“I don’t think now is the time,” Council President John Kessler said, adding he agreed the storm water fee should be considered in the future.
Council also was asked to let city staff know if it was interested in information on any other possible capital improvement project for possible addition to the funding list.
Councilman Pat Hale asked city officials to consider revisiting a 24-7 downtown public restrooms project. When talked about several years ago, the proposed location was in the Old Municipal Building, now home to Tipp-Monroe Community Services. Hale said he thinks the restrooms project would be “nice for the community as a whole.”