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HomeMy WebLinkAbout2002-16 Adopting a 5 Year Capital Projects PlanRESOLUTIdN NO. 16 Series of 2~~2 A RESDLUTtDN ADDF'TING A FIVE YEAR CAPITAL PROJECTS PLAN; AND PROVIDING OTHER DETAILS RELATING THERETO. WHEREAS, Section 9.4 of the Town of Vail Charter requires thatthe Town Manager prepare a long range capital improvement plan for the Town Council's consideration; and WHEREAS, the Town of Vail has many capital needs; and WHEREAS, the redevelopment of Lionshead Village and improvements to Vail Village will require capital funding, which in turn will provide the economic opportunity to sustain public improvements to the Tawn of Vail's neighborhoods; and WHEREAS, the attached Exhibit "G" represents a a-Year Capital Projects Plan and identifies the on-going capital maintenance and equipment replacement needs for the Town of Vail; and WHEREAS, the 5-Year Capita! Projects Plan identifies the estimated amounts to be expended and the years in which the these projects are proposed to be built; and NOW, THERFDRE, 13E 1T RESOLVEE3 BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLDRAI7O: That the 5-Year Capital Projects Plan is hereby adopted by the Town of Vail and shall establish the capital priorities of the Town. INTRODUCE©, READ, APPROVED AND AQdPTE^ this '15t" day of October, 2QD2. t Ludwig Kurz, I~llayar ATTEST: Lorei ~ Donaldson, Tawn Clerk ~~~ Town of Vail, Colorado Resolution No. 16, Series of 2002 Exhibit G Town of Val] Capital Protects Pfanning E7ocumant FY 2003 Beglnning Fund Balance 1,800,000 Safes Tax 5,DDD,DD0 Other CPF Revenue 1,D15,DDD GF Reductions 750,000 RETT fund revenues for Streetscape 1,OD0,000 Existing Reesnuae 7,765,000 TIFF Revenue D New Mi11 Levy {net}1,gDD,D00 Subtotal potential Hew Revenues 1,90D,OD0 Total Funds Availabia 9,885,000 CAPITAL MAIH7ENANCE DEBT SERV ICE 1,875,949 Equipment Purchases 1.804,372 Capital Street Maintenance 795,000 Street Reconstructien 340,000 Buildings and Impmvemenis 955,ODD Housing Program 100,000 Miscellaneous Improvements 160,DD4 Subtotal Capital hAairrtenance 5,970,821 HEVIf PROJECTS Fire 5tai[on (CaP}35D,066 Village Streetscape (Hanson Ranch Rd)885,000 Reimb Protect Calls 2DD,DDOJ HealRelmb 89,000} NelPrgiacl 38B;13DQ East Vall Repeater 51te 300,000 911 Upgrades 200,000 Children's Fountain {heated)750,000 HealRaimb 136,D00] Neif'rofecl S1A;(3DD I-7D Noise 256,066 Subtotal 03 Pro]acts 110, East Meadow Drive [no heat) Reimh Prnfecl Cnsls Net Projec! West Meadow Drive Relmb Projec! Costs NarP.~iec! Public Res[raoms Loading & Delivery Village Streetscape {Bridge SVeet & Gore Creek Drive Reimb Profesl Calls Heal Reimb NelPrcyecl Subtotal 04 ProJacts Frontage Road Improvements Lionshead Pedestrian Plaza West LH Circle East LH Circle East LH Panal Village Streetscape (W. Gore Creek Drive} HealReim6 Net Pr'ofecl Lionshead Intermodel Site 4eim6 Profec'I Casts Subtotal 05 ProJecte Parking Improvements ReIm6 Prglscl Costs NsI Projacl Village Streetscape (Wall StreetlFvunder's Plaza] HealRsimb Net Protect Public Ballrooms Subtotal OB ProJecta Village Streetscape [Checkpoint CharlielWillow BridgelGore Creek Promenade} HealRelmG N®lPrglec! Library Renovation Neighbonc~ad Streets Skate Park Frontage Road Improvements Raim6 Project Costs Subtotal 07 Protects Total Expenditures 8,080,321 Revenue Over [Under] Expenditures 1,584,879 Ending Fund Balance 3,184,879 FY 2664 3,194,879 5,DDD,DDD 1,sDD,o6D 750,000 1,DDD,o6D 8,35D,000 13,OD0,000 1,9DD,DDD 14,90D,000 23,25o,DDo S,OOO,ODO SDD,DDD 750,001 1,D60,000 7,25aoD1 2,DDD,DOD 2,a6D,DOa 9,250,001 2,294,099 2,315,299 2,317,324 2,322,099 1,651,060 1,275,D00 819,000 1,09D,OOD 750,D00 926,060 842,60D 1,OB2,064 0 0 0 0 859,DDD 700,000 900,00[]804,040 140,004 100,OOD 100,OOD 100,000 100,D00 100,OD0 100,OOD 140,000 5,754,099 5,410,299 4,978,3TA 5,474,099 350,660 356,6D6 356,400 350,ODD 250,060 256,DOD 254,OD6 25D,DOD 1,306,000 4D0,000] 80.U,QAD 2,106,DDD 460,606} 350,OOD 2,600,606 z,aaD,D66 1,DDD,6ooJ 856,ODD] 1,x~~~;OQ6. 6,280,000 2,388,666 370,999} 171$;OQf]< 5,006,460 5,000,690} 2,018,090 18,634,098 22,335,299 14,888,824 8,092,099 10,815,901 {12,835,299] [5,833,524] 1,157,908 13,8oD,~sa 985,281 {4,sea,D43] {ss10,14t] FY 2{}65 13,800,580 5,ODO,DD0 750,000 75D,aa6 DaD,6a6 7,500,000 2,DDa,aa6 2,DDa,DDD 9,500,000 10,ODD,ODD 9,DDD,DDD 1,566,DDD 1,600,000 3,600,000 2,57D,D00 745,Oflfl} 1.825;D17D 12,DDO,6tiD 22,DD0,000} 78,37.5,000 FY 2068 985,281 5,666,6D0 566,666 750,D00 1,666,DDD 7,250,000 2,060,600 2,aoo,D6D 9,2sa,DOo 15,000,000 7,54D,D00] 7..t"6Q~4QD' 1,805,009 4517,660) 1{455:t1g4t 354,090 a,3D5,DDD FY 2D07 4,899,043] F:IFINANCEIBUOGET1Budgei03041capitalplanlfrom 8ob1