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HomeMy WebLinkAbout6.a. 2020-2029 City of Rosemount CIP EXECUTIVE SUMMARY Planning Commission Meeting Date: November 26, 2019 Tentative City Council Meeting Date: December 17, 2019 AGENDA ITEM: 2020 – 2029 City of Rosemount Capital Improvement Plan AGENDA SECTION: New Business PREPARED BY: Kim Lindquist, Community Development Director AGENDA NO. 6.a. ATTACHMENTS: 2020 - 2029 Capital Improvement Plan APPROVED BY: KL RECOMMENDED ACTION: Motion to find the 2020 - 2029 Capital Improvement Plan in Compliance with the Rosemount Comprehensive Plan. SUMMARY The Planning Commission is being asked to review and take action on the 2020 – 2029 Capital Improvement Program for the City of Rosemount. Minnesota Statute 462.356 Subd.2 requires that the Planning Commission report to the City Council that the Capital Improvement Plan (CIP) is in compliance with the Comprehensive Plan. BACKGROUND The City of Rosemount prepares a 10-year CIP to anticipate the financial needs of the City capital facilities beyond the current year’s budget. Minnesota Statutes requires that the Planning Commission review the CIP to ensure that the investments made by the City are in compliance with and implement the goals of the Comprehensive Plan. To help make that determination, the Planning Commission is provided the proposed 2020 – 2029 CIP. The purpose of a Capital Improvement Program is to provide a multi-year plan of major projects and related expenditures. It is intended to be used as a tool for identifying future infrastructure and public improvement projects and to ensure that these projects are timed appropriately. The Plan reflects the implementation of Council goals by allocation of scarce resources to higher priority capital projects. The CIP is also used as a long term financial guide to identify expenditures and related funding sources. The Planning Commission’s role is to review the CIP for consistency with the future land use plan for the City; the operational portions of the CIP (i.e. equipment purchases, building maintenance, etc.) fall outside the scope of the Commission’s principal responsibility concerning land use. 2 The City installs infrastructure and replaces vehicles when needed, and an assessment is done to determine whether necessary or not. Scheduling of the capital expenditure in a specific year does not automatically ensure that purchase will occur. Additional review is conducted the year prior to the proposed expenditure. There is a higher level of certainty in early years since needs have been identified. The later years serve more as placeholders for projects that are anticipated but it is unclear what the appropriate timing would be. It should be noted the CIP only includes infrastructure that the City will be constructing, such as wells or water treatment facilities, not infrastructure that developers would be installing such as new streets or utilities associated with a new neighborhood. RECOMMENDATION Staff recommends that the Planning Commission finds the 2020 – 2029 Capital Improvement Plan in compliance with the Comprehensive Plan.