Capital Improvements Plan and Budget. April 10, 2012

Transcription

1 Capital Improvements Plan and Budget April 10,

2 Sets project priorities for at least a five year period Current CIP shows projects out ten years Serves as a planning tool for capital improvement projects and programs Defines projects that will be initiated, funded and budgeted in the current fiscal year Gives direction to staff to formulate implementation plan and funding strategies Individual projects brought for Council consideration 2

3 Minimum useful life/life expectancy of 15 years Minimum cost of $100,000 and is not a recurring expense Involves planning, design, professional services and construction of buildings, streets, drainage, parks, airport improvements and flood control facilities Major equipment and software systems Land or land rights Furnishing and equipment for new/renovated facilities 3

4 Master plans and other planning activities may occur that result in recommended strategies for one or more capital improvement projects Council solicits citizen input Projects also identified as a result of natural and/or unforeseen events Council and staff work to define and prioritize projects 4

5 Airport Master Plan and Business Plan Comprehensive Plan Drainage Master Plan Roadway Impact Fee Plan Thoroughfare Plan Regional Transportation Plan Facilities Master Plan 5

6 Parks, Recreation and Open Space Master Plan Sports Complex Master Plan Golf Course Master Plan Tube Chute Master Plan Street Condition Survey Downtown Implementation Plan Fischer Park Master Plan Library Master Plan Cemetery Master Plan 6

7 Airport Master Plan Downtown Implementation Plan Street Assessment Parks Master Plan Youth Sports Complex Landa Park Master Plan Golf Course Master Plan Municipal Facilities Master Plan Proposed Capital Improvement Projects Fischer Park Master Plan

8 Public input meetings Stakeholder meetings Departmental/division booths Received over 140 Project/Priority Suggestion Forms Identified projects brought into proposed CIP for Council consideration 8

9 Needed projects can be identified by: Council Example: Railroad quiet zones Staff Example: Computer Aided Dispatch/Records Management software for Police/Emergency Response Citizens Example: Landa Park retaining walls Committees Example: Watershed Advisory Committee 9

10 All identified projects listed for Council consideration and prioritization Prioritized projects tentatively scheduled into 5 to 10 year time frame Council selects projects for current year funding and implementation 10

11 Criteria for use in evaluating projects established in 2008 Criteria include: Safety and regulatory mandates Neighborhood Livability Implementation feasibility Growth and Economic Development Environmental and heritage sustainability Evaluation definitions: Essential; significant; important; desirable, no immediate impact on current services; not a factor for this project 11

12 Projects managed in phases Master Planning Land acquisition - Design - Construction Just in time funding Issue debt to fund each phase so money is used soon after issuance Use of reimbursement resolutions so funding does not delay projects Example Walnut Avenue Widening Funded conceptual design, then right-of-way acquisition and full design, then construction in three phases 12

13 TxDOT Federal Industrial Development Corporation (4B) Texas Parks and Wildlife Department Private Counties NBU School Districts 13

14 New Braunfels Industrial Development Corporation Funding (4B) - Cash funding or debt service support Federal and State Funding Private Foundations Current Revenues Creative Funding Options - Example: Lease back Impact/Development Fees Debt issuances 14

15 Certificates of Obligation (C of O s) All current outstanding City debt is C of O s Public process requiring 60 days notice, public hearing, ability for citizens to formally object and require election Repaid with property tax revenue General Obligation Bonds Requires an election Last City election authorizing General Obligation Bonds was $700,000 in FY 2000 for public safety radios Repaid with property tax revenue 15

16 Tax notes Shorter term debt (usually 5 to 7 years) Repaid from property tax revenue Revenue Bonds NOT supported by property tax Revenue from activity/function pays the debt service 16

17 Assuming 20 yr. debt, 4.5% interest and current property values Every $1 million in debt costs about $78,000 annually 1 cent on property tax rate supports $4.8 million of new debt 17

18 Capital Project Approval Process Public Input Draft CIP Presented To Council PLANNING PROCESS Council Consideration of Capital Improvement Plan Add/Delete/Reprioritize Projects Yes Revisions? No Council Approves CIP Individual Project Consideration Council Considers Master Plan/Preliminary Design Approval and Funding Approved? No Project Dies PROJECT APPROVAL PROCESS Yes Council Considers Final Design Approval and Funding Approved? No Project Dies Yes Council Considers Construction Bids and Funding Approved? No Project Dies Yes Construction Begins 18

19 Streets and Drainage Parks and Recreation Airport Improvements $49.2 million $7.1 million $4.9 million Municipal Facilities $21.9 million (includes Civic/Convention Center) 19

20 Streets and Drainage Parks and Recreation $1.6 million $5.0 million Airport Improvements $70,000 (10% cash match) Municipal Facilities $7.9 million 20

21 Streets and Drainage Parks and Recreation Municipal Facilities $26.8 million $1.1 million $3.0 million 21

22 Streets and Drainage Parks and Recreation Municipal Facilities $8.2 million $9.3 million $4.6 million 22

23 Review current projects Determine projects to include in FY debt issuance Update 5 and 10 year CIP Consider criteria described above Status of projects those already under way Safety concerns Determine funding strategies 23