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HomeMy WebLinkAbout75-96 Ordinance RECORD OF' ORDINANCES Dayton Legal Blank Co. Form No. 30043 Ordinance N 0 ...m..m.2?~~~u P asseduunom. no.um.....o..m..mu nun nu19 00 nm. - AN ORDINANCE TO ADOPT THE FIVE-YEAR CAPITAL IMPROVEMENTS PROGRAM FOR THE YEARS 1997-2001 ~ " WHEREAS, Section 8.03 (a) of the Dublin City Charter requires the City Manager to .... prepare and submit to City Council a five-year capital program in accordance with the annual budget calendar as authorized by City Council; and WHEREAS, City Council has received and reviewed the Five-Year Capital Improvements Program (CIP) for the years 1997-2001; and WHEREAS, the CIP represents a long-term financial plan which establishes priorities, identifies project costs and phasing, identifies funding sources and serves as a planning document for capital improvements; and WHEREAS, the Administration has incorporated in the attached CIP all modifications as requested by City Council as a result of the CIP budget workshops. NOW, T~ORE, BE IT ORDAINED by the Council of the City of Dublin, State of Ohio, elected members concurring: Section 1. That the 1997-2001 Five-Year Capital Improvements Program attached as Exhibit A be, and hereby is, approved. ".-.. Section 2. That this Ordinance shall take effect and be in force on the earliest date permitted by law. ....... day of ~ ' 1996 ATTEST: ~ C!.. ~ Clerk of Council .. ...... I hereby certify that (I>pies of this Ordino~cefR.esllhfti9n .were poste~ In .th~ l' City of Dublin in accordanctl with Sectlon 731.25 of the Ohio Revised Codt ..... ~~ . Cle.rk of Couod!. Oublin, Ohio 07/08/96 T: \per\dkp\97 .CIP\200 1 C"~ :~~",,*#>j;I'iW_.;><;;~""'_'*"";"'''''''''''''''''~''''''"'''"''"'''''>>''''''~'-''''''''''''''''Y,~""1~"~f!'''-''"",''''';'''-''--'(>''''''-''''''''''''''''~"'''.'-'''~~-''''"''i'--;;\''''N"""'+""'rl!{:~",,",,""'~,~,.:...- ._.~. L .t__ -,-'" '-'-,;.,"-"" 0 0 1l (()) In - ,... " f' III II f' f' III fI II " II II! III " 1997 - 2001 II 111-- CAPITAL IMPROVEMENTS ... PROGRAM . II .. .. .. .. III II AJopteJ: September 3, 1996 .. " .. " .i......_~ rw ^,"'-'-~, . 1:l1illlilill) ""J'llI}1' 'r ,.--....---- CITY OF DUBLIN 1997 - 2001 FIVE-YEAR CAPITAL IMPROVEMENTS PROGRAM Table of Contents lI!J!fIMlIlI Section 1 Capital Budget Process - I Section 2 Financial Guidelines I Section 3 Revenue Projections I I Section 4 Major Projects . Section 5 Voted Debt Authority . . Section 6 Municipal Debt . Section 7 Non-Major Project Funding . . 1M ... ~ - - .- - - .. .. - - 09/03/96 T:\per\dkp\97 -cip\200 1 - - - ~ '.. _.,"~-- ., ~ ,. ..... I I III I .. 1II ...',....", .." .. !lIII! IIlIII --- J I I I I. I, ."~'" T I Ir ~.,...c~""",., 1 997 - 2000 FIVE-YEAR CAPITAL IMPROVEMENTS PROGRAM ~ CAPIT AL BUDGET PROCESS . " The City of Dublin has implemented an annual schedule for the preparation and adoption of the Five-Year Capital Improvements Program {CIPl and the Operating Budget, which includes the .. annual capital budget. ". ,~. ,.".. The following time frames are key elements in the annual budget calendar: - . January City Council goal setting session{sl ,. End of March Adoption of goals by City Council . End of June Completion of the Administration's recommended . Five-Year C1P lIIIll July/August City Council review of recommended CIP . - End of October Completion of the Administration's recommended Operating Budget - .. November City Council review of recommended Operating Budget .. By December 31 Adoption of Operating Budget and Appropriations - Ordinances by City Council .- The Five-Year CIP and the Operating Budget are two critical documents prepared annually. ~,,",... The relationship between these two documents is summarized by the following points: Ei y_e.::Y..aaLCJE . . Represents a long-term financial plan, including funding sources. - . Establishes priorities and serves as a planning document or blueprint for the City's - investment in capital infrastructure. - . Provides a breakdown of major project costs and phasing. .. .. . Does not appropriate money. .. .. .. .. lIIIll 09/03/96 .. t:\per\dkp\97 -cip\200 1 1 -1 - , """ '-' ,. ... I . " , I I I I I ..~ !filii' . !!!Ill .. ....- III> I 10' . . " iIIl II ill III :i .. " -' '-'" III . .. ~ .. _'~h~.. I: II~ ~~ ~ ~ . 1 . ~ L ~ ~ ~ . 1I111 .~ II 1 .-,.---.- 1997-2001 FIVE-YEAR CAPITAL IMPROVEMENTS PROGRAM FINANCIAL GUIDELINES , The Five-Year CIP establishes the City's blueprint for investments in its capital infrastructure. This document is used as a tool to help ensure that the City's long and short-term capital investments are made in the context of careful consideration of the City's needs as well as the resources available to fund all projects. The financial guidelines used in the preparation of the CIP will provide assurance that the City - can meet, in a full and timely- manner, both our debt service obligations and all the other obligations competing for the available resources. It is our objective to complete as many needed capital improvement projects as financially possible while maintaining flexibility and the - ability to adapt to changes as they occur. There are several key guidelines which the administration utilized in determining the City's fiscal capacity to complete capital projects over the next five years. These are summarized as follows: I 25 percent of the City's 2 percent income tax revenue shall be made available . . to fund capital improvements. This allocation is in accordance with Ordinance No. 17-87 and the ballot language approved by the voters in November 1987. . . . Of the 25 percent of the total income tax revenues which are utilized for capital .. improvements, 60 percent of that amount will be allocated to fund long-term !!tP,II debt, and 40 percent to fund projects and capital expenses on a cash basis. The reasons for this guideline are: - .'!fO!ll' al It is important to stress that funding projects with long-term debt obligates the use of public funds for the next 20 years in most cases. ,~ The more long-term debt which is incurred now significantly reduces the options available to future City Councils to fund needed projects. bl The City has determined that paying cash for projects where financially possible (pay-as-you-go financingl will increase our flexibility in the future. In_ utilizing pay-as-you-go financing, revenue projections and ;,. estimated fund balance will be reviewed and evaluated to assure that sufficient reserves are maintained. l1li .- cl It is not economical to issue debt for some projects. l1li dl The estimated life of some projects does not meet the criteria to issue . long-term debt. l1li Income tax revenue projections will be conservative. We are projecting a rate . .- of growth in income tax revenue as follows: l1li 1997 - 8% .- 1998 - 4% 1999 - 4% l1li 2000 - 2% .. 2001 - 2% ;<>t 09/03/96 ....\ _~~\ ,.H,......\07 _rin\ ?OO 1 2-1 l.ili i] -~_..~ ~ ... ... c) Look increasingly at ways to obtain revenue through user fees as a way "" to fund capital projects or as a way to free-up other income tax dollars - so that they can be used to fund capital projects. <ifIiIIlII d) Utilize, where appropriate, economic development incentives such as tax .. increment financing. - . As projects are proposed for funding, the statutory debt limitations will be reviewed to ......,. ensure compliance. The affects, if any, on the "in-side millage" will be evaluated so we do not adversely affect the financial health of the City or any overlapping taxing ~-"""... jurisdictions. "" It should be noted that the recommended five-year program is an aggressive program. These - projects need to be distributed over the five-year period so that as we update our capital -- program each year, we can evaluate the capital needs, revenue growth, and unforeseen problems to be able to respond to new priorities as they may occur. ~- ... ~ ~ ..... ,~- .C'tN! - - . - - - .. . .- .. - .. .. 09/03/96 - t:lperldkpl97 -CIP1200 1 2-3 .'" -.,...---" ,.. ... I I I ..-.. ., I . . ,.!IIIIIII t ... . II I I . I . !II .., ....... " I l1li ~ , REVENUE PROJECTKONS ,""'"""'''''"''"'' ~ .~' ~ '""" ,~'.- =e.'".'"__',~'._."'",_._"_ . .~ ~.~""""- -,.'-~ --, - .. 1997 -2001 FIVE-YEAR CAPITAL IMPROVEMENTS PROGRAM .. REVENUE PROJECTIONS .. The primary funding source for the Five-Year Capital Improvement Program (CIP) is the City's .. income tax revenue. Section 2 outlines the financial guidelines used in determining our fiscal ,. capacity to complete capital projects. .. In addition to the income tax revenues, the projects that are associated with the water and -- sewer systems will be funded in whole or in part by revenues from those systems (i.e. user charges and tap permit fees). - The following pages provide projections for income tax revenues and projections for the water .. and sewer system operations. The assumptions used for the projected water and sewer .. system operations are included. - One assumption used in the preparation of the projected Sewer Fund financial statement is the ~ annual debt service obligation for the Upper Scioto West Branch Interceptor (USWBI) will be retired entirely from Sewer Fund revenues. The schedule for debt service payments from ~ income tax revenues, page 6-4, assumes a 50 percent income tax subsidy for the annual debt , ~ service obligations relating to the USWBI. We will continue to utilize this assumption until the final project costs are determined. These different assumptions were used to reflect the most #iIII!llIt conservative estimates for both revenue sources. If no income tax subsidy or a subsidy less :i!.Wtt than the estimated 50% subsidy is needed, then the reserves available from income tax revenue for other projects will be increased. If our projected level in the Sewer Fund is not '*""" realized, then any additional subsidy would come from the income tax revenues and we feel ej;W. those dollars need to be shown as committed for that purpose. i~ - .. .. - - .. .. .. .. . .. 09/03/96 .. T:lperldkp\97 -cip\200 1 3-1 "'iI. *-'f s ~ ~ bJ) ~ 0 - 0 0 ~ ('.l - ~ 0 rJ) _0 0 rf'J ~ ('.l - ~ 0 0"1 .~ _0"1 (j) ~ 0"1 U ~ S Q) 00 .~ - 0"1 (j) 0 0"1 ~ ~ Q) ;> ;::l ~ t""-- C Q) 0 - 0"1 >- Q) 0"1 Q) ~ ~ ~ s X I ~ ro \0 E-< S , - 0"1 Q) I Q) 0"1 S ~ ] ;> 0 I ~ 0 Q) V) C ........ I ~ ~ - 0"1 ~ 'I 0"1 I ~ 0 I ~ ~ · 'l"""""1 I .q- . J ro 0"1 41 ~ - 0"1 ~ ~ ~ U Q) ('1j .. 0'1 S - 0"1 . ~ I ,..,......-1 0 {'.l 0 U - 0"1 . ~ 0"1 C> ~ . C'-l ~ -\\ ,- ~ . I . . t'--- 0 0 0 0 0 0 0 0\ 0 0 0 0 0 0 0 0 0 0 0 0 . <, ~ ~ 0\ f 0 0 0 0 0 0 0 0 0 0 0 0 . I 0 0 0 0 0 0 ,..,......-1 ~ ~ ~ 0 l.Il 0 l.Il 0 l.Il . M 01 01 ..--< .......... . I . 3-3 ".~-,. . f Hi; Q 1997-2001 FIVE-YEAR CAPITAL IMPROVEMENTS PROGRAM SEWER FUND ASSUMPTIONS I &.ojftC1stcLU-.-S_e_LGharge_s_aruLIaPLe_e_S . Assumptions: . . . Average number of Equivalent Residential Units (ERUs) and ERU growth for 1996 taken - from the Coopers & Lybrand rate study. . Revenues based on estimated ERUs and fees as authorized by Ordinance 14-92. - '" . Average number of ERUs for 1997 reflects a growth of 256, the same growth rate as .. used in the Coopers & Lybrand rate study. ,. . Average number of ERUs for 1998 and forward are the total of the previous year's .. average number of ERUs and the previous year's ERU growth. ... . ERU growth in 1997 and 1998 assumes a 4 percent rate of growth. - . ERU growth in 1999 and 2000 is the same as 1998. """ . ERU growth for 2001 through 2003 assumes ERU growth of 325. .. ,"" . ERU growth for 2004 through 2011 assumes ERU growth of 300. - . ERU growth for 2012 through 2017 assumes ERU growth of 100. """ .,. StatemenLoLeLo je_cje_d~e_v_enue-,J:x: p_eo ses_amLGha rg esjo_Se_w_eI_EuocLC_asaB_alan..c_e . Assumptions: . Revenues for user charges and tap fees are based on the schedule of Projected User Charges and Tap Fees. - . Interest income is based on previous year's ending fund balance and an interest rate of 4 percent for 1997 and forward. ...... Inflow and infiltration removal program will be on-going. . ... . Completion of the (USWBI) is scheduled for March 1998. The expense line items ,., reflect the scheduled completion. - . Subsidy for debt service is the debt service obligation that matures each year for the .. lift station improvements. This schedule assumes no income tax contribution; - . Debt service obligations identified as "New" reflects the annual debt service obligations - for the USWBI. This statement assumes the debt will be retired 100% from Sewer ~ Fund resources 09/03/96 ,. T:\per\dkp\97 -CIP\200 1 3-5 - ._."~"--"",,~,~"~":"-~,='",,,' jfU r - "'1 . 1997-2001 '![!i FIVE-YEAR CAPITAL IMPROVEMENTS PROGRAM ~ STATEMENT OF PROJECTED REVENUE, EXPENSES AND CHANGES IN WATER FUND CASH BALANCE ,... 'III i. '. 1995 1996 1997 1998 1999 2000 2001 - Revenues: User charges $534,093 $471,420 $486,780 $506,374 $526,751 $547,151 $567,551 Tap fees 1,039,108 471,000 489,840 509,434 510,000 510,000 487,500 - Interest 151,880 128,195 141,742 156,898 174,052 192,526 212,433 ,. Fire hydrant permits . 4,700 1,000 1,000 1,000 1,000 1,000 1,000 ... Subsidy for debt service 598,713 568,083 543,917 522,397 476,992 470,783 419,960 2,328,494 1,639,698 1,663,279 1,696,102 1,688,795 1,721,460 1,688,444 - Expenses: ..- Salaries/wages 14,778 39,120 42,000 44,500 46,725 49,061 51,514 Benefits/uniforms 5,104 14,750 15,500 16,500 17,325 18,191 19,101 ... Utilities 30,170 68,000 70,000 74,200 78,652 83,371 88,373 .. Equipment maintenance 1,334 18,000 20,000 21,200 22,472 23,820 25,250 Hydrant maintenance 33,278 20,000 20,000 21,200 22,472 23,820 25,250 - Other 4,440 10,000 10,000 10,000 10,000 10,000 10,000 89,104 169,870 177,500 187,600 197,646 208,264 219,488 - Capital expenditures 193,458 150,000 150,000 150,000 150,000 150,000 150,000 I'M ,... Debt service: Existing 640,013 607,608 581,667 558,372 512,375 503,208 450,610 "'lIIII New 405,920 373,545 375,233 371,255 366,945 362,303 362,328 1,045,933 981,153 956,900 929,627 879,320 865,511 812,938 - Net cash (required) provided 999,999 338,675 378,879 428,875 461,829 497,684 506,018 ~ Beginning balance 2,204,884 3,204,883 3,543,558 3,922,438 4,351,312 4,813,142 5,310,826 Ending balance $3,204,883 $3,543,558 $3,922,438 $4,351,312 $4,813,142 $5,310,826 $5,816,845 ;... 09/03/96 -'JI'I'.... ,-i;Ia;liii ~- ;;g .cl-\W - 'OM - '8M 3-7 ;,. .... Filename :t:\p er\mig\utility\water ~-"..."=..."~~--'-=",~~.",-",..--.~..> ....~._.- '-Iji':l'ILi .' r Water Fund Assumptions (Continued) The Statement of Projected Revenue, Expenses and Changes in Water Fund Cash Balance was prepared through the year 2014. Using the above assumptions, sufficient revenue will be available, as well as maintaining a considerable reserve, throughout the life of existing and proposed debt obligations. The rate of growth and the user fees and capacity charges will continue to be evaluated to ensure that a deficit fund balance does not occur. We also prepared Statements of Projected Revenue, Expenses, and Changes in Water Fund - Cash Balance using two other sets of assumptions: 1) a significant reduction in the rate of ERU growth, and 2) the same level of growth and the addition of another water storage tank in 1998. Under these two assumptions, the level of reserve is considerably less. - I I I I I I I I . . 09/03/96 T:\per\dkp\97-CIP\200 1 . 3-9 -.----- .--"-.---- .~.~-~. ." ....,., ,.. ... -.., .", - .." >......, ~ "Ill , "-""";<" '~~~==-""~"""""""'~,;..,... - - - .. - .. 1997-2001 . FIVE-YEAR CAPITAL IMPROVEMENTS PROGRAM - MAJOR PROJECTS .. &.QjitcLerio_ritiz.atlon - In developing the Five-Year CIP several elements are taken into consideration: City Council goals, both past and present; findings included in the Economic Development Strategy; - commitments made by the City in agreements such as tax increment financing agreements; . and the residents' opinions as voiced by their vote in 1990 which authorized the City to issue ... voted debt for transportation improvements, parkland acquisition, municipal facilities .... construction/expansion and the construction of a community recreation center. Utilizing this criteria resulted in projects to be funded that are biased towards needed infrastructure - improvements such as roads and utility needs. Higher priority is also given to projects where '*-'It federal, state and local assistance is being pursued or has been approved. - The major projects included in the Five-Year CIP total $96.5 million. Of the total, 59% or ... $57.2 million is for transportation related projects. This is a result of the above listed criteria. Because of our reliance on income tax revenues, it is of utmost importance to provide an - adequate transportation system to help retain our current business customers as well as ~ encourage new business to locate in Dublin. .. The following pages reflect the projects to be funded, project descriptions, and a recap of the funding sources. The highest debt service obligation will occur in 1999 with our projected level .. of income tax revenues allocated for debt retirement in 1997 being sufficient to retire that .. debt, see pages 6-5. ~ 1"1" .. ... III .. . .. .. .. 09/03/96 T:\per\dkp\97 -CIP\200 1 . 4-1 . . . _._~.'.'~~~"=,,,..,.,~,~.__ "" ~.w_,,~.... I . t - ~ff 0 0 0 0 0 0 ...-- 0 0 N 0 0 0 0 0 0 0 0 0 0 0 0 U1- lD 0 CD 0 "<t CO N '<:t 0 0 0 0 0 0 0 , 0 0 0 0 - Cll O' 0 0 Cll <"l 0 Cll M ...-- - 0 0 0 0 0 0 0 0 0 . 0 0 0 0 8 0 0 0 0 0 0 U1' 6 8" OJ U1 lD 0 0 0 . Cll <"l lD 0 0 U1 0 Cll M 6 0 lD ...-- ~ 0 . ...-- . 0 0 0 00 0 0 0 0 0 0 00 0 ~ 0 0 00 0 6 66 ... <( I"- <"l 0 00 0 n:: Cll U1 (') O<"l 0 Cll lD ~- M <.9 ...-- - ...-- .... 0 n:: 0... 'I!llIIl (f) 000 0 0 0 0 0 0 0 0 0 0 000 0 0 0 0 0 0 0 0 I- 000 0 0 0 0 0 0 0_ 0 ijQ;II Z(f) co 666 0 6 0 6 6 0 U1 lD U1U1U1 U1 0 0 N WI- Cll NN lD U1 lD ~ U1 0 N ~O Cll N. lD lD cD co ...-- N '~ wW co >, ~ ~O~ On::o... 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OJ OJ Q) -c c tJl ~ '3: c CO U 1Il 0 1Il ..c . w Vl <IJ U '" Q) Vl <IJ '" -, ro - Vl - ... 0 c..Cl Ole> CO . n:: L- .;; c .5 tJl OJ OJ '- ii ~ 0. > <IJ iii '0 <IJ -- '" c- o c OJ c 0 :9 . o '0, o.'~ (I) U a t- C 1Il E UJ <IJ 13 -u C"J UJ <IJ 0 . ::::: ~ c ~ (l) ~ C ~ Q) .... '1:J :5 c .2 OJ f--:;c.QaJ B ~ CO _ .2 ti ~ ~ _ .2 U ~ c: ... ~ &2~~~ ~2~.5~ ...J a. ,. '-:J(,/)QJ L- .- :J f/) ~ <{ CO .. --.s=.c-c.,c. (ij ~~ff5=:2 ~ ~ en ~ u 0 _ 0 0 (0 ~ ~<<()O 0 S<<()O~ OJ .,; . I- ~ I- M E 0 .. ---- Oi c: .,- .!! '-' 0 iL . 4-') ~-~.,.,_':.-. lJJ'i. -,----- 1. Upp-e~LS.cjo_to~..e.si.BLao_chJnieL~ep10-.r I The Upper Scioto West Branch Interceptor (USWBI) has always been planned to provide the main sewer interceptor to transfer the sewage from the Dublin collector system to . the Columbus treatment facility . The current service agreement with the City of "... Columbus requires the City to pay for construction costs associated with the portion of the USWBI that lies within the Dublin corporate boundaries. This project involves the construction of a 72-inch deep tunnel gravity sewer line parallel to Dublin Road. ..... The deep tunnel method minimizes surface disruption and adverse impacts on . properties within the construction zone; however, the capital cost involved IS . significant. Design of the project is being handled by the City of Columbus and is '" substantially complete. .. The City has been awarded a low-interest loan through the Ohio EPA to fund the ... project. Repayment of the loan does not start until construction is completed in 1998. During the construction period, drawdowns will be received and interest will accrue on ... the draws. The final loan amount will be the total project costs plus accrued interest. .. The loan will be repaid over a 20 year period with level debt payments being required. - The City was also awarded a credit enhancement grant from the Ohio Public Works ... Commission in the amount of $850,050. This grant will be used to pay for the interest costs accrued during the construction period and a portion of the first year's interest .- obligation. - City Council passed legislation in April 1992 increasing the sewer capacity charges and - establishing a sewer surcharge. The intent of the legislation is to provide a revenue - stream to significantly reduce the subsidy needed from the General Fund to the Sewer -iI!t Fund for operating and capital costs. The revenues for the increased capacity charges and a portion of the user fees are expected to retire at least 50 percent of the cost of this project and the remaining user fees are expected to pay for the operating costs of " the system. The rate increases approved were based on a rate study analysis - completed by the CPA firm of Coopers & Lybrand. '*" Because of the USWBI project, the OEPA has eliminated the requirement to construct '.;iiMI the Sewage Detention Basin and the funds previously reserved for this project are now available for other capital projects. '. - .. . . 09/03/96 . T:\per\dkp\97 -CIP\200 1 4-7 ... '. .. <it . . I . I 3. C_o_mmuni1.yjifu::LemLo-LLC_elJ:te_r . . This project has involved an extraordinary amount of planning and analysis. City Council and the Administration reviewed and analyzed construction costs, operational . costs, revenue potential and programmatic. considerations associated with various ,.. design schemes. Based upon input from the community, surveys of other facilities, visits to other facilities around the country, and analysis by both Administration and various consultants, a recommendation of the elements to be included in the facility - was made to City Council and subsequently approved. .. . The facility will provide a wide range of elements to meet the community's recreational needs from pre-schoolers to senior citizens. The site work for the facility was . completed in 1995 and the construction of the facility will be completed in July 1996. . The CRC will include the following elements: competition pool, leisure pool, aerobics center, weightroom, two gymnasiums, classrooms, senior adult lounge, a baby II sitting/pre-school room and administrative offices. The CRC is being constructed in the . recently expanded Coffman Park. The City purchased 18 + /- acres of land to expand the existing park area and also provide an excellent location for the CRC. .. .. The con'struction of the CRC is being financed using a significant portion of the $11.5 million voted debt authority discussed in Section 5 and cash reserves. III - !II! .- ,,'" . - .. ~ itW .- .. '. .. .- 09/03/96 .. T:\per\dkp\97 -CIP\200 1 4-9 .- - '~ .: _...._'.,,~_,_..,,'_~.-.c,,""'c"""'..~_~...~...;."-.~~, , D'IlI'~., r .~ . , ~.< It .l'I. , . t 5. Erne_[al~a[kway_E2d:.ensio~ejjme_teLDJ:iy_e_EX1-ende_~to_SJJieJ'-Bing5-B.o~rl I . This public improvement consists of constructing an additional 2,300 foot section of . Coffman Road as new four lane boulevard street beginning at Perimeter Drive and ending at Shier Rings Road. . Major improvements associated with this new street include: a new intersection at . ,.... Shier Rings Road with turn lanes and signalization; a four lane boulevard street with curb and gutter; a 330 foot span, five lane bridge over U.S. 33/S.R. 161; landscaped median and shoulders; public utilities which include; sidewalks and bikeways. - . In addition, this improvement includes planning, traffic studies, design, surveying, . geotechnical investigations, noise analysis, traffic control, cost estimates, erosion and sediment control, right-of-way and easement acquisition, right-of-way plat, private . utility coordination, and other activities necessary and appurtenant to the completion of this project. . '" Design and right-of-way acquisition for this project is scheduled for 2001 and will be financed using cash reserves. The construction of the project is not scheduled as part .. of the five-year program period. - ... '. od ... .. i~ " iiiIIIIiII <-iOIlIl '~ '."" .... - - ',;;IM '... 09/03/96 T:lperldkpl97 -CIP1200 1 "'1!ft 4-11 "'" 41 , ,-"' .-.~,-~, rr -n~f-'r tw'tU 7. Erao:t:LRo_adLS.B-"L6J_Upgra.de Major improvements associated with this intersection improvement include: reconstruction of the intersection at Frantz Road/S.R. 161/Post Road and Frantz Road/Metro Place North with modifications to the existing turn lanes and existing . signalization; providing curb and gutter with the street widenings; providing access to .- the McKitrick property with possible Frantz Road median breaks and Metro Place North access; landscaped medians and shoulders; public utilities which include water mains, sanitary sewers, and storm sewers; street lighting; sidewalks and bikeways and .. interconnection of various signals. I This project will be funded using cash reserves and is scheduled for construction in . 1996. Depending upon the bid estimates received, the utilities at the intersec~ion of . Frantz Road/S.R. 161/Post Road may be buried. . . .. . . . .- - - ~ . ... ... .. .. .. ,. .. .. .. 09/03/96 T:lperldkpl97 .CIP1200 1 .. 4-13 - ... . ....~~'"""''''.....'"'"'',~~~,.~.._,. ~.~ ....,..~~.'" -'in. I.",' ":&:.~.'L- 't . tl't 9. S_cio:to~.ridg~.G.ons1[u.c:ti.on This project involves the construction of an additional bridge over the Scioto River. In 1991, the city purchased land on the west side of the Scioto River in anticipation of this project. The City entered into tax increment financing/economic development agreements ....... providing for the construction of Emerald Parkway connecting Coffman Road on the west and Dublin Road on the east. The additional Scioto Bridge will be aligned with the new connector road. - It is anticipated that design and additional right-of-way acquisition will occur in 1997 with construction being initiated in 1998. The project will be funded using $5.1 million in cash reserves and $6.5 million from bond proceeds. The bonds will utilize the City's voted authority for transportation improvements discussed in Section 5. , . . . . . II II . ,. 09/03/96 T:\per\dkp\97 -CIP\200 1 . 4-15 "' . .. " ~..:.-".~ " ...."'".~,c_.._,,-"..... ~ r -jiiJii'"~I"- , -jfiUl Ll.T 11. I'!tLQuaclE.ark In 1991, the city purchased approximately 35 acres of land on the south side of Summitview Road between Riverside Drive and Sawmill Road for a future park. The park will be developed as an active community park, and will include athletic fields. Master planning of the park is scheduled to be completed in 1996. - The funding programmed for 1998 will provide for engineering design and final grade and seeding of the area. Future programming will be evaluated once the Master Plan for the Park is completed. - . . , , . I I 09/03/96 . T:\per\dkp\97 -CIP\200 1 4-17 . . ,. , --~'-"~''''-''''''-'~^''.''~'.'''''''"'"'~''''~"'" ~..~--"._--,-~_.,.",,--,-,,---~._..~- _"'-'-',,,-,""'''~=','''---'''''''''~''~'--" ,--, ~ '-~""-' ~ . ~_...c,.....,"""",",,~ 13. Eme_[aldJ~_arkway--=--.Ehas_e_3.JIhQ[])as/Kohler TI F) This public improvement consists of constructing approximately 3,000 feet of Emerald Parkway from Rings Road to the northernmost property line of the property known as the "Thomas/Kohler site", the construction of the Woerner-Temple/Rings extension from Emerald Parkway to the western property line on the site and approximately 550 .. feet of Park wood' Drive, extending east of Emerald Parkway. The project includes curbing, landscaping, sidewalks, bikepaths and bike tunnels, street lighting, traffic signals, traffic control measures, the construction of public sanitary sewers, storm - sewers and water lines. The City has committed to complete these improvements by April 30, 1997 as identified in the Tax Increment Financing/Economic Development Agreement (TIF/EDA) entered into with Duke Realty Investments, Inc. The City has committed $3 million in cash reserves for the project. The City also entered into an amended Income Tax Revenue Sharing Agreement with the Dublin City School District which allows the City to collect $3 million in service payments in lieu of tax for these improvements and improvements identified in the TIF/EDA as Phase II. 09/03/96 T:\per\dkp\97 -CIP\200 1 4-19 ~ ,='~"'-.;."'--'-'-=-",,~- --,"~,~"-~'.=~----""".'-",,"""<-'''. "_"._~."~,2' - , ~. -'~~.,""-~-,,.., . . I 15. EmeJ:.aLd.Earkw.a~a.s..UioJno_oxatioJLD1hLe . This project is the design of Emerald Parkway from the northernmost property line of . the "Thomas/Kohler site" Emerald Parkway improvements to and including the proposed intersection of Emerald Parkway and Innovation Drive, the design of . Innovation Drive from approximately 1,000 feet west of Emerald Parkway to and I including the proposed intersection of Innovation Drive and Shamrock Court; and the design of Shamrock Court from the proposed intersection of Shamrock Court and . Innovation Drive northerly to the existing terminus of Shamrock Court. .... The design is being funded 50% from cash reserves and 50% from future service ... payments in lieu of taxes from the Applied Innovation - Phase II TIF. Construction of . the project will be evaluated after the design work is completed. . . . . . . . . . . . , . I I I I I I , I l 09/03/96 T:lperldkpl97 -CIP1200 1 4-21 'Ii\, <.'-'~"~"""""'""''''''''"'''<-='-~~~''-~" ..>- ~,-,,--~,.~~'-' P'i~' , lr.'i'nllC''t, 'r r 17. KrieLDJiv_ELCJmrutctlon As a result of a traffic study, it has been determined the connection of Krier Drive to Dublin Center Drive will significantly improve traffic conditions in the surrounding area. This project provides for the direct connection of Dublin Center Drive with Krier Drive and will provide a parallel route to Sawmill Road serving businesses along the connector road. This connector has been approved as part of the City's Thoroughfare Plan. The project will be funded with available cash resources. .- - I I I I ~ I I I . . . . " "';;0 " . . I!I . . . . . . 09/03/96 T:lperldkp\97 -CIP\200 1 . 4-23 . ~',. ~._~~._.cw,._.._.,_ ...... . .. 19. E-o~s_illo_ad1l:22CLO.Jlexp.as~.dening . . The Ohio Department of Transportation (ODOT), as part of their 1-270 widening project, .. will be raising the height of the Post Road/I-270 overpass. This project, in conjunction with ODOT's project, would widen the overpass to match the widened roadway . approaches. Similar to the Rings Road/l-270 overpass widening, ODOT, will agree to . complete the widening as part of their project as long as the City agrees to pay the additional design and construction costs associated with the widening. .. ....... The programming is based on ODOT's time schedule. The project will be funded with available cash resources. - .- .. ,. .. - .- - - - ,- ,,~ ;;- -l'1''"'-;''''~ 'c" 'lmIII!I - - .. - - .. - .. 09/03/96 .. T:\per\dkp\97 -CIP\200 1 4-25 - _.",_~..~......._~.,.",,-.",.._ c.'~'^~ U' II I"lr'. n f .....~I , . .. .. 1997-2001 FIVE-YEAR CAPITAL IMPROVEMENTS PROGRAM . FUNDED PROJECTS - . Total Debt Debt l!III Project Already to be Project Funding Proiect Cost Incurred Incurred Source Amount .. Upper Scioto West Branch Interceptor. 17,550,658 14,550,658 Ohio EPA loan (1) 14,550,658 ,...... City of Columbus 3,000,000 S.R. 161-Dale to Sawmill 8,404,599 Cash 2,103,879 Federal\State funds 6,300,720 - Community Recreation Center 14,538,898 Cash 8,038,898 .. 6,500,000 Voted G.O. bonds 6,500,000 Coffman Road widening and Emerald 6,359,782 ^ Cash 831,561 .. Parkway extension to Perimeter TIF service pymts. 3,000,000 L TIP funding 2,213,221 ~ 315,000 Voted G.O. bonds 315,000 - Emerald Parkway extension-Perimeter 800,000 Cash 800,000 Drive extended to Shier Rinas Road Voted G.O. bonds "WIll Cosgray Park development 3,146,705 Cash 3,146,705 - Frantz Road\SR 161 upgrade 2,771,186 Cash 2,771,186 ... Coffman Park redevelopment 2,291,000 Cash 2,291,000 .,.. Scioto Bridge construction 11,605,000 Cash 5,105,000 -,~ 6,500,000 Voted G.O. bonds 6,500,000 Emerald Parkway-Coffman to Dublin 9,280,389 Cash 0 ;~ Road(McKitrick TIF) TIF service ovmts. 9,280,389 N.E. Quad Park 1,745,000 Cash 525,000 - 1,220,000 Voted G.O. bonds 1,220,000 ;8 Perimeter Drive extension(Metatec TIF) 958,435 Cash 225,000 TIF service ovmts. 733,435 "H"" Emerald Parkway-Phase 3 4,893,000 Cash 3,000,000 (Thomas/Kohler TIF) TIF service ovmts. 1,893,000 Avery Road/U.S.33/Shier Rings 1,034,000 Cash 813,000 intersections Franklin County 221,000 it emerald Parkway-Phase 3 to 156,000 Cash 78,000 . Innovation Drive TIF service ovmts. 78,000 Tuttle Crossing widening 4,500,000 Cash 1,500,000 ,~ Franklin County 3,000,000 Krier Drive connection 885,000 Cash 885,000 ~ Rings Road/I-270 overpass widening 1,000,000 Cash 1,000,000 ,. Post Roadll-270 overpass widening 2,100,000 Cash 2,100,000 \III Woerner- Temple/Rings connector 2,475,000 Cash-designated .. income tax from develooment 2 475 000 - .. TOTAL $96,494,652 $8,035,000 $21,050,658 - (1) 50% of debt retired using income taxes and 50% from sewer revenues. - 09/03/96 - 4-27 - Filename:t:lperlmig\9 70 1 cip\reccip ..... ........ ... .... ..... , I I I - . .. I I I I I I I I ., '-' I I I "" - ..,.'.~..~..~.-.',.-"",.^--~" > " , II I I. , I; I I , ,I I II , VOTED DEBT : I AUTHOIDTY "I , HI "1l i1i " *j ~ . " J . "~~"~'_~"'-"'''-~''-';'~ 'III ~ - 1997-2001 FIVE- YEAR CAPITAL IMPROVEMENTS PROGRAM - VOTED DEBT AUTHORITY - As outlined in previous CIP documents, the City received voter approval in the spring and fall - of 1990 to issue voted debt for transportation improvements, parkland acquisition, municipal - facilities construction/expansion and construction of a community recreation center. In effect, these bond issues all dealt with giving the City the capacity to incur additional debt, for certain .. types of public improvements, which would exceed statutorily established non-voted debt .r"'" limits. In May 1990, voted debt authority was approved for $34 million in transportation - improvements, $7 million in municipal facilities construction/expansion projects, including a .. Justice Center, and $4.5 million in parkland acquisition. In November 1990, voted debt - authority was approved for $11.5 million for the construction of a community recreation center. '.... ... The previous CIPs outlined several factors which were emphasized during the bond issue campaigns that were critical to the bond issues. It is important to include those factors in this .. year's CIP to provide continued clarity in regard to those bond issues. ... . As stated repeatedly at the public meetings and within the literature, the bond .... issues simply enabled the City to incur increased debt to perform specified types iliiM of public improvements. It clearly did not te_quire that the City perform every capital improvement which had been mentioned as part of the transportation, '*""" parks, municipal facilities or community recreation center issues. When asked iMJJi at the public meetings how the City could insure it would be able to afford all of the projects identified, we indicated to the public that the City was preparing ... a five-year capital improvements program, and that it would only perform those .. projects that it had the financial capability to perform. The voted bond issues _.~ simply removed one of the statutory limitations; that being the ten-mill limit. Obviously, the other main variable which affects our ability to perform these projects, is the revenue which is available to pay for them. . It is clearly City Council's obligation to evaluate aU of the City's capital needs . and choose those projects which need to be funded within the next five years based upon identified priorities and adopted goals and objectives. '" .. . The bond packages which were approved did (LOl represent a referendum of which projects should and should not be performed by the City over the next . five years. The City did not list every conceivable public improvement which . could be performed, describe the merits of each project, and ask the voters to prioritize them accordingly. The projects were largely illustrative based upon . typical needs identified at the time. . . . III . III 09/03/96 .. t:lperldkpl9 7 -cip1200 1 5-1 .- ""._'_',,"""h""'~ _"~,_"""^...~,,,>~,"^,,,-,-,-,,~~~,,~,,,,,,,,,-,,,,,,,-,,,,;~>,,,,,,,,,,"~~",",,_,__C'^.,,""",",,,~~i=>=---,~.. .. .. . Municipal facilities - $7 million in debt authority was approved by the voters, and we have issued $5,290,000 in debt against that authority. We will have . approximately $1,710,000 in voted authority remaining. The voted debt issued . was for land acquisition for the Dublin Justice Center site and the construction of the facility. We also used a portion of our available cash reserves for this . project, thereby reducing the amount of long-term debt that was issued. . . Community Recreation Center - $11.5 million in authority was approved and we . have issued $ 7.5 million against this authority. The CIP funded project list . includes $14.5 million for Phase I of the Community Recreation Center. Phase I will be funded using approximately $8.00 million in available cash reserves and $6.5 million in long-term debt. While the facility is under construction over the next year, additional fund raising or financing mechanisms will be pursued, such - as operational partnerships with area-wide health care providers and wellness . programs with local businesses. I The voted authority received when the voters approved these issues expired January 1, 1996. . Section 133.18(1)(2) of the Ohio Revised Code states in part "No securities authorized at an . election under this section may be initially issued after the first day of the sixth January following the election." This means our authority to issue "new" debt expired on January 1, . 1996. Bonds would not have to be issued by that date, but bond anticipation notes would . need to be issued. . However, Section 133.18 (1)(5) of the Ohio Revised Code states "The limitations of divisions .. (I) (1) and (2) of this section do not apply to any securities authorized at an election under this section if at least ten percent of the principal amount of the securities, including anticipatory '" securities, authorized has theretofore been issued, or if the securities are to be issued for the . purpose of participating in any federally or state-assisted program." This code section allows our unused voted debt authority as of January 1, 1996 to remain available as long as at least . ten percent of the amount authorized, by category, has been issued. . Our Five-Year CIP has taken Section 133.18 (1)(5) of the Ohio Revised Code into consideration. f~ At January 1, 1996, at least ten percent of the principal, for each category of voted authority has been issued. This allows the unused portion of the voted authority to remain available fo'r future years. . As previously stated, the voted debt authority was obtained to reduce the effect of the "ten- mill limit." At December 31,1995, the taxing district with the highest required tax rate in . mills to retire current debt outstanding was 3.7282. We feel this millage does not adversely affect the financial health of the City or any of the overlapping jurisdictions. . . I I I I I I , I 09/03/96 ,. 5-3 T:\per\dkp\97-cip\200 1 . -,"-- . .. III "'" ~ .. III .. II ,.. , ~ ... I I . I I . I I ;..... -' I I I --- J .. " ........ "'" ..__,,_ ~__. .__" .' C~ ".~. ~- li. MUNJ[CIP AL DEBT .., ;lJ~ ;!jffiO' 'fl;t ,~... ij~ 'N!1'\- 4Jj;.!. , ..,...-...._~-~ " ~^ "'-';" ~. -j " , '~'-~'-" 1997 -2001 FIVE-YEAR CAPITAL IMPROVEMENTS PROGRAM MUNICIPAL DEBT This section provides information on the long-term debt obligations outstanding at December j 31, 1995, the projected long-term income tax supported debt, a calculation of the long-term . debt capacity and a recap of the annual debt service obligations. ~ The Projected Long-Term Debt Schedule reflects that the estimated principal outstanding at .- the end of each year is within the recommended maximum amount. The schedule also assumes the 50 percent income tax subsidy for the Upper Scioto West Branch Interceptor as discussed in Section 3. - ,. The Debt Service Payments Due schedule reflects that the total actual and estimated debt ". service obligations each year are within the actual and projected income tax revenue available for debt retirement. The difference between the two, or the "surplus", will be used to "buy ... down" other capital project costs and issue less debt or be used to fund other capital projects. 4_ I_ ,. ,. .. '... ~ 1R - "'",....--'-'1& ~ - .. ,. .- .. ,. . .- . 09/03/96 . T:\per\dkp\97 -CIP\200 1 .. 6-1 '. f r~ - -~ ~.~'~~>"'",",_.,...,-_",'~"<'m_~.____ . i_ "'" 1997-2001 FIVE-YEAR CAPITAL IMPROVEMENTS PROGRAM ... PROJECTED LONG-TERM DEBT SCHEDULE (Income tax supported debt only) .. 1995 1996 1997 1998 1999 2000 2001 ,. Principal outstanding at the - beginning of the year $14,465,000 $13,755,000 $19,300,000 $18,205,000 $24,231,704 $29,054,454 $27,299,704 ,. Principal retired(1) 710,000 955,000 1,095,000 1,248,625 1,6n,250 1,754,750 1,n4,750 .. Principal issued(2) 0 6,500,000 0 7,275,329 6,500,000 0 0 ....... Principal outstanding at the end of the year $13,755,000 $19,300,000 $18,205,000 $24,231,704 $29,054,454 $27,299,704 $25,524,954 Recommended maximum amount - of outstanding debt(page 3-2) $34,964,895 $33,443,029 $36,118,471 $37,563,210 $39,065,738 $39,847,053 $40,643,994 . . (1) Based on long-term debt outstanding as of 12-31-95 and anticpated debt issuances. (2) Issuance of debt based on major project listing and anticipated funding schedule. . The following isssues are anticipated: 1998-Upper Scioto west Branch Interceptor($7,275,329) . 1999-Scioto Bridge($6,500,000) II 09/03/96 .. .. . , . I I .-~ ~, 6-3 ~ I enam e:t: Iper\rn I g\9600ci plcurdebt . . .. ""'-" ... .. III .. ,.. If><. ... .... - .. - .. - .. - WI ",,"""" ." - .. .. .....- i AI .. .. - - WI .. .. .. ... ,'...... '-' .. .. - .. , I I 4 j:~ I (')f~ II) I~ (I) \ I L ~ .. l' I" [ . .~. I.) II.~' ~ ; JUiliifl) ~ ''''''''''''''~_C~''_'''''~''~.'_ I ''''f!Ilt ,. - ... 1997-2001 fiVE-YEAR CAPITAL IMPROVEMENTS PROGRAM 'llI!I NON-MAJOR PROJECT fUNDING - .. Guidelines have been established for several key functional categories which the ..;;& Administration has utilized in projecting the non-major capital needs. These are summarized - as follows: . Park DevelQpme01 ......... ~. . The neighborhood park development priority is based upon the timing of subdivision build-out. . .. . Evaluate the adequacy of active/athletic facilities in the community and the ~- neighborhood parks. '. . Identify opportunities to develop joint neighborhood and community parks with other - governmental jurisdiction (i.e. Dublin City Schools and Washington Township). ,. Bikeway System Improvements ,. . Identify connections and/or additions to the bikeway system which provide an alternate .,,*, transportation system linking neighborhoods, community facilities and commercial destinations. - ... . Bikeways are included as part of the City's major public roadway projects. - Coordinate focal system design with other governmental jurisdictions such as the Mid- . Ohio Regional Planning Commission (MORPCj, the Ohio Department of Transportation (ODOT) and other appropriate regional efforts. . Identify the connections and/or additions that caR be constructed by developers as part of private development. ~ .,. Fleet and Fql-tipment Management .- Repfar.ement Stra:tp<9-'jl .. . Fleet replacement is based upon its economic fife. . . Strive to maximize the City's return on its investment. ,. .. Focus maintenance efforts on heavy equipment with a long life expectancy. . ,. . Minimize investment in parts inventory. - . Minimize fleet down time. - - 09f03f96 T:lperldkpl97 -CIP1200 1 "'" """ 7-1 . -- ,,~,,",_'._-'~~-~~~ II1II ... .. .. .. ... .. -r .. - ..... .. iIIIi .... .. .. .. .... .. .. .. .. .. ... ... .. . .- - .... .. .. .. \III .. .. .. !II - ... ..... ....