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L <br />Cityof <br />Louisville <br />COLORADO • SINCE 1878 <br />June 24, 2014 <br />Summary of 2015 -2015 Capital Improvement Plan <br />Mayor Muckle, Council Members, and Citizens of Louisville: <br />Office of the City Manager <br />With this letter I am submitting to you the recommended Five -Year Capital Improvement <br />Plan for the City of Louisville for the years 2015 through 2019 (C -I -P). <br />Process & Scope <br />Departments submitted capital project requests for 2015 through 2019 for the following <br />funds: <br />• Open Space & Parks <br />• Conservation Trust — Lottery <br />• Cemetery <br />• Capital Projects <br />• Water Utility <br />• Wastewater Utility <br />• Storm Water Utility <br />• Golf Course <br />• Technology Management <br />• Fleet Management <br />The Finance Department tabulated and compiled these requests, which totaled nearly <br />$61.7 million, which includes debt service costs rather than total project costs for too <br />very large utility projects. Finance Director Kevin Watson incorporated the requests into <br />the City's Long -Term Finance Model. Unfortunately, without alternative financing, the <br />City could only fund items totaling about $61.1 million over the next five years. <br />Consequently, after reviewing all the proposals and identifying the highest priorities, I <br />adjusted the net project costs by nearly $600,000 from the original Departmental <br />requests. I included over $12 million in debt service over the next five years to bond for <br />nearly $33 million in wastewater and storm water projects. I have included $1 .1 million <br />in transfers from the General Fund to the Capital Projects Fund in 2015 and <br />approximately $3 million in transfers from the General fund to the Open Space & Parks <br />Fund from 2015 through 2019. Also, based on the latest projections of building - related <br />revenue, I have included $1.6 million in transfers from the Impact Fee Fund to the <br />I <br />6 <br />