CITY COUNCIL AGENDA ITEM
ACTION REQUESTED:
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Adopt the Resolution of Official Intent for Reimbursement of Capital Projects
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DEPARTMENT: Finance Department
SUBMITTED BY: Rachel Mayer, Finance Director
BOARD/COMMISSION REVIEW:
N/A
BACKGROUND:
The City Council, at the workshops held on October 30, 2017; November 13, 2017; and November 27, 2018, reviewed the proposed Calendar Year 2018-2022 Capital Improvement Program (CIP). The original unfunded project listing totaled $26.23 million. Through program review and project coordination, staff reduced the total recommendation by $10.07 million for a total unfunded capital listing of $16.16 million.
This reduction included project deferrals, project phasing and re-aligning projects based upon updated timelines. The project amendments below, combined with changes to 25 other projects, allowed staff to reduce the overall capital request for 2018. The amendments include:
* Reducing the MIP request from $12 million to $10.5 million. The validation study completed in CY2017 recommended an annual program of $12 million. Staff has made the recommendation to phase in the incremental investment over the next three years.
* Phasing in the Citywide LED streetlight conversion. To upgrade the remaining citywide streetlights to LED was projected to cost $2.5 million. Based upon staff analysis of potential payback, staff recommends phasing the project over the next five years upgrading lights with the shortest payback period first.
* Deferring NextGen E-911 Services upgrades. This project is expected to cost $1.9 million and is required to be completed by 2020 by the State of Illinois. Staff recommends deferring the purchase of equipment and installation to 2019 but will begin the planning process in 2018 through the development of a Request for Information (RFI) and will explore opportunities to coordinate with other communities such as the City of Aurora.
* Adjusting timing for the North Aurora Road underpass. The 2...
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