IX. FUNDING DECISIONS (5:30-5:45 pm) … · IV. LUNCH (12:30-1:00 pm) V. FIBER INFRASTRUCTURE...

Town Council Special MeetingTuesday, October 9, 2018, 10:00 AM

Council Chambers150 Ski Hill Road

Breckenridge, Colorado

PROPOSED 2019 TOWN OF BRECKENRIDGE BUDGETLink to the 2019 Budget: https://www.townofbreckenridge.com/home/showdocument?id=16190

I. INTRODUCTION/ OVERVIEW (10:00-10:15 am)Full Budget Retreat Presentation

II. RESERVED FUNDS REVIEW (10:15-11:00 am)Water

Housing

Open Space

Golf

Internal Service

Other Funds

III. GOVERNMENT SERVICE FUNDS REVIEW (11:00 am-12:30 pm)Excise

General

Marketing

Child Care

Special Projects

Parking/ Transportation

IV. LUNCH (12:30-1:00 pm)

V. FIBER INFRASTRUCTURE (1:00-2:00 pm)Fiber Infrastructure Presentation

VI. PARKING DISCUSSION & BREAK (2:00-4:00 pm)Parking Information

VII. FUND BALANCES/ RESERVES (4:00-4:30 pm)Fund Balance Presentation

VIII. CAPITAL DECISIONS (4:30-5:30 pm)

1

https://www.townofbreckenridge.com/home/showdocument?id=16190

Capital Decisions Presentation

IX. FUNDING DECISIONS (5:30-5:45 pm)Breckenridge Tourism Office

Breckenridge Creative Arts

Breckenridge Heritage Alliance

X. EXECUTIVE SESSION (5:45-7:00 pm)

2

2019BUDGET RETREATEconomic Trending

4

2019BUDGET RETREAT

Funds Review13

Reserved Funds:Water (Utility)Golf, Housing,Open Space

Internal Service :IT, Garage, Facilities, Health Benefits

Other Funds : Marijuana, Cemetery, Con. Trust

Government Services & Programs Funds:General FundExciseCapitalMarketingSpecial ProjectsChild CareParking & Transportation

Fund Categories

14

Reserved Funds• Water (Utility)• Golf• Housing• Open Space

16

•Fund Balance decrease due to $3.2M debt service for new plant

•Rate increases make up deficit over time

•Future Tarn Dam repairs are in the CIP and Pro Forma

17

•2018 Includes $5.5M transfer to General Fund

•2019 Budget includes $25M COP borrow for Breck 365 (Block 11)

•2018 Projected Revenue includes unit sales (Blue 52)

19

• Fund includes reserves for the Hoosier Bike Path and Wellington Oro Plant Capital• Debt payments back to General Fund Expire in 2020

21

• 2017 Revenues were up due to favorable weather

• 2018 Includes capital expenses for the Clubhouse remodel

•Pro Forma shows fund balance growing for next 6 years (no major capital)

23

• 2018 has $1.1M in capital 24

Other Funds • Marijuana • Cemetery• Conservation Trust

26

• MJ revenue has been lower than expected

•Transfer to Child Care has been adjusted to $320K per year

27

• This fund receives revenue from plot and burial fees. The charges for services are allocated to public works for work performed.

28

The Conservation Trust Fund receives and distributes the Great Outdoors Colorado (GOCO) funds allocated to the Town. The funds are used to construct outdoorRecreation facilities.

29

Government Services & Programs Funds:• Excise• General Fund• Marketing• Child Care• Special Projects•Parking & Transit• Capital 31

• Preliminary Property Tax Assessment is up 8%, or $216K to General Fund

• 2018 revenue accounts for $5.5M transfer/payback with the Affordable Housing Fund.

34

• Wage increases average between 4-4.5%, with a maximum of 5.5%

• Contingencies included $600K transfer to Health Benefits Fund in 2018 35

• 2018 Fund Balance Increase due to increased revenues

• 2019 reflects full BTO ask of $4.77M 37

• Current pro forma shows the fund is sustainable until 2021

• MJ transfer lowered due to revenue

38

• Reflects full BCA funding amount. 2019 lower due to IT allocation decrease• Last year of BCA funding plan• Reusable Bag Program reserve line 40

• Third full year for the Fund• Revenues reflect full year of parking management revenue

41

• 2019 Transit revenue reflects $2M Excise funding level for Transit•$1,017,500 transfer for capital

42

10/2/2018 9:41

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 NOTESRent Inc Comm. 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5%

Rent Inc Residential 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5%Rent Comm. 573,121 601,777 631,866 663,459 696,632 731,464 768,037 806,439 846,761 889,099 933,554 980,231 1,029,243 1,080,705 1,134,740 1,191,477 1,251,051 1,313,604 1,379,284 1,448,248

Rent Residential 2,713,379 2,849,048 2,991,500 3,141,075 3,298,129 3,463,036 3,636,187 3,817,997 4,008,897 4,209,341 4,419,809 4,640,799 4,872,839 5,116,481 5,372,305 5,640,920 5,922,966 6,219,114 6,530,070 6,856,574

Water Rents 3,286,500$ 3,450,825$ 3,623,366$ 3,804,535$ 3,994,761$ 4,194,499$ 4,404,224$ 4,624,436$ 4,855,657$ 5,098,440$ 5,353,362$ 5,621,030$ 5,902,082$ 6,197,186$ 6,507,045$ 6,832,397$ 7,174,017$ 7,532,718$ 7,909,354$ 8,304,822$

PIF Increase 20% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10%PIF rate - In Town 9,244$ 10,168$ 11,185$ 12,304$ 13,534$ 14,887$ 16,376$ 18,014$ 19,815$ 21,797$ 23,977$ 26,375$ 29,013$ 31,914$ 35,105$ 38,616$ 42,478$ 46,726$ 51,399$ 56,539$

PIFs 1,375,045 1,462,260 1,555,361 1,654,716 1,760,612 1,873,636 1,994,386 2,123,341 2,260,993 2,408,168 2,565,438 2,733,570 2,913,385 3,105,654 3,311,378 3,531,660 3,767,503 4,545,748 4,868,943 5,329,857 20% then 10% ann. Rate Incr.after 2017, combined with new users. Out of Town rate 125% of In Town

W.S.M.F. % Inc 50% 33% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% Doubles to $8/cycle by 2018 then no inc.W.S.M.F. / cycle 6$ 8$ 8$ 8$ 8$ 8$ 8$ 8$ 8$ 8$ 8$ 8$ 8$ 8$ 8$ 8$ 8$ 8$ 8$ 8$ W.S.M.F. 409,140 545,520 554,566 564,421 575,093 586,589 598,919 612,090 626,111 641,039 656,929 673,841 691,831 710,958 731,283 752,864 775,762 800,038 825,754 1,678,727

PIFs + W.S.M.F. 1,784,185 2,007,780 2,109,927 2,219,137 2,335,704 2,460,226 2,593,305 2,735,431 2,887,104 3,049,206 3,222,368 3,407,411 3,605,216 3,816,613 4,042,661 4,284,524 4,543,265 5,345,787 5,694,698 7,008,584

Other 1,340,501 405,617 409,750 413,932 418,166 422,450 426,787 431,178 383,580 387,819 392,113 396,462 400,867 405,329 409,850 414,430 419,070 426,414 440,132 455,430 Transfers, Investment Income

Loan Proceeds - - - 18,000,000 - - - - - - - - - - - - - - - - 20 year term, 2.0% rate

Total Revenues 6,411,186$ 5,864,222$ 6,143,043$ 24,437,604$ 6,748,631$ 7,077,175$ 7,424,317$ 7,791,045$ 8,126,342$ 8,535,466$ 8,967,843$ 9,424,903$ 9,908,165$ 10,419,128$ 10,959,556$ 11,531,351$ 12,136,353$ 13,304,919$ 14,044,184$ 15,768,836$

General Services 1,962,696 2,098,726 2,761,688 2,844,539 2,929,875 3,017,771 3,108,304 3,201,554 3,297,600 3,396,528 3,498,424 3,603,377 3,711,478 3,822,822 3,937,507 4,055,632 4,177,301 4,302,620 4,431,699 4,564,650 3% annual, 2018 incr. for new plant opsGen Fund X-fer 98,179 99,161 100,153 101,154 102,166 103,187 104,219 105,261 106,314 107,377 108,451 109,535 110,631 111,737 112,854 113,983 115,123 116,274 117,437 118,611Other 122,819 105,000 108,150 111,395 114,736 118,178 121,724 125,375 129,137 133,011 137,001 141,111 145,345 149,705 154,196 158,822 163,587 168,494 173,550 178,757 Transfers, water rights/legal

2,183,694 2,302,887 2,969,991 3,057,088 3,146,777 3,239,137 3,334,247 3,432,190 3,533,051 3,636,916 3,743,876 3,854,023 3,967,453 4,084,264 4,204,558 4,328,437 4,456,011 4,587,389 4,722,686 4,862,018

Capital 1,770,000 1,645,000 1,236,250 9,770,000 9,570,000 325,000 2,294,000 8,761,000 2,443,000 990,000 990,000 990,000 990,000 990,000 990,000 990,000 990,000 990,000 990,001 990,002 2018 plant expenditure

Debt Service Plant 3,022,418 3,231,302 3,230,203 3,230,208 3,231,698 3,226,666 3,227,181 3,228,408 3,230,539 3,228,715 3,230,002 3,230,516 3,230,106 3,229,776 3,227,846 3,233,999 3,227,973 3,231,568 3,228,872 3,228,850 20 year term, 2.0% rateDebt Service Dam - 914,163 914,163 914,163 914,163 914,163 914,163 914,163 914,163 914,163 914,163 914,163 914,163 914,163 914,163 914,163 914,163 30 year term, 3% rateDebt Issuance Exp. - - - - - - - - - -

Total Expenses 6,976,112$ 7,179,189$ 7,436,444$ 16,057,296$ 16,862,638$ 7,704,966$ 9,769,591$ 16,335,761$ 10,120,753$ 8,769,794$ 8,878,041$ 8,988,702$ 9,101,722$ 9,218,203$ 9,336,567$ 9,466,599$ 9,588,147$ 9,723,120$ 9,855,722$ 9,995,033$

Change (564,927)$ (1,314,967)$ (1,293,401)$ 8,380,308$ (10,114,007)$ (627,791)$ (2,345,275)$ (8,544,717)$ (1,994,411)$ (234,328)$ 89,802$ 436,200$ 806,443$ 1,200,925$ 1,622,990$ 2,064,752$ 2,548,206$ 3,581,799$ 4,188,462$ 5,773,803$ Fund Balance

10,376,173$ 9,061,205$ 7,767,804$ 16,148,112$ 6,034,106$ 5,406,315$ 3,061,040$ (5,483,677)$ (7,478,088)$ (7,712,417)$ (7,622,615)$ (7,186,415)$ (6,379,972)$ (5,179,048)$ (3,556,058)$ (1,491,306)$ 1,056,900$ 4,638,699$ 8,827,162$ 14,600,964$

Reserve 545,924 575,722 742,498 764,272 786,694 809,784 833,562 858,048 883,263 909,229 935,969 963,506 991,863 1,021,066 1,051,139 1,082,109 1,114,003 1,146,847 1,180,671 1,215,505

9,830,249$ 8,485,483$ 7,025,306$ 15,383,840$ 5,247,411$ 4,596,530$ 2,227,478$ (6,341,724)$ (8,361,351)$ (8,621,646)$ (8,558,584)$ (8,149,921)$ (7,371,835)$ (6,200,114)$ (4,607,197)$ (2,573,415)$ (57,103)$ 3,491,852$ 7,646,490$ 13,385,460$

- Water Pro Forma -

-10,000,000

-5,000,000

0

5,000,000

10,000,000

15,000,000

20,000,000

25,000,000

30,000,000

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035

Total Revenues Total Expenses Fund Balance

FUND BALANCE OVERVIEW

46

2018 2019 2020 2021 2022 2023Beg Fund Bal 1,036,781$ 4,339,705$ 19,440,674$ 3,375,848$ 7,654,411$ 10,046,446$ Revenue

Sales Tax 581,700 587,500 593,334 599,250 605,201 611,235 Impact Fee 500,000 510,000 520,200 530,604 541,216 552,040

Excise Transfer-2017/New County Tax 2,792,200 2,820,100 2,848,044 2,876,502 2,905,005 2,934,032 Corum Pmts 69,000 69,433 69,000 69,000 69,000 69,000

Pinewood Land Lease - 30,000 30,000 30,000 30,000 30,000 Buy Downs 627,405 - - - - -

PW2-tax credit rebates, dev fee, rent 243,377 240,000 240,000 240,000 240,000 240,000 Huron Landing 341,000 341,000 341,000 341,000 341,000 341,000

PW Bond Loan Interest - - - - - - B52 TH/apt sale/rental proceeds 15,466,200 770,000 770,000 75,000 75,000 75,000

Denison Commons 5,700,000 - - - - - Block 11 Apt-COP/Rental/Sale Revenue - 25,000,000 1,000,000 15,000,000 1,000,000 1,000,000

Programs 107,000 77,000 52,000 52,000 52,000 52,000 Other 15,000 15,150 15,000 15,000 15,000 15,000

Total Revenue 26,442,882 30,460,183 6,478,578 19,828,356 5,873,422 5,919,307

Available 27,479,663 34,799,888 25,919,252 23,204,204 13,527,832 15,965,754

ExpensesBuy-downs / Acquisitions/ Projects 1,647,074 - - - - 3,400,000

Pinewood items - - - - - - Block 11 Infra/Breck 365/B11 Buildout 6,000,000 14,325,000 21,575,000 14,575,000 2,500,000 1,500,000

Huron Landing 630,700 580,700 580,700 580,700 580,700 580,700 B52 TH/Apt (50 TH/16 Rental) 8,698,473 - - - - -

Denison Commons - - - - - -

Other-SCHA, DPA, Staff-2018 transfer-$5.5m 6,045,799 256,313 261,902 267,659 273,589 279,697 Town programs - Transition Units 117,912 197,201 125,802 126,433 127,097 130,794

Total Expenses 23,139,958 15,359,214 22,543,404 15,549,793 3,481,386 5,891,191

Transfer to Child Care/C.C. exp. - - - - - -

Total Exp 23,139,958 15,359,214 22,543,404 15,549,793 3,481,386 5,891,191

Inc./(Dec) 3,302,924 15,100,969 (16,064,826) 4,278,563 2,392,036 28,117

Fund Balance 4,339,705 19,440,674 3,375,848 7,654,411 10,046,446 10,074,563

NOTES:

Between 2015 and 2023 development of PW2, Huron Landing, Denison Commons, Blue 52, Breck 365, and buildout of Block 11 tractsOther expenses vary annually due to anticipated employee loans and down payment assistanceOther revenue varies annually due to anticipated employee loan repaymentsAssumes COP financing for Breck 365

Housing Fund Pro Forma

-

5,000,000

10,000,000

15,000,000

20,000,000

25,000,000

30,000,000

35,000,000

2018 2019 2020 2021 2022 2023

TotalRevenueTotal Exp

Fund Balance Analysis

47

2018 2019 2020 2021 2022 2023 2024 2025 2026Beginnng Fund Balance 2,498,233$ 2,856,438$ 3,926,889$ 4,001,083$ 5,414,151$ 6,776,565$ 8,129,531$ 9,381,914$ 10,569,426$ Revenue

Sales Tax 3,046,100 3,076,561 3,107,327 3,138,400 3,169,784 3,201,482 3,233,497 3,265,831 3,298,490 TDR Sales 200,000 346,834 350,302 353,805 357,343 360,917 364,526 368,171 371,853

Wellington Oro Plant 116,350 119,800 123,353 127,013 130,781 134,663 138,660 142,777 147,017 Grants 370,500 - 350,000 - - 42,500 - - -

Other Income 198,717 55,922 63,327 69,639 79,631 93,792 107,656 120,972 133,464 Total Revenue 3,931,667$ 3,599,117$ 3,994,309$ 3,688,857$ 3,737,540$ 3,833,354$ 3,844,339$ 3,897,752$ 3,950,824$

Available 6,429,900$ 6,455,555$ 7,921,199$ 7,689,939$ 9,151,691$ 10,609,919$ 11,973,870$ 13,279,666$ 14,520,250$

ExpensesLand Acquisitions 1,514,255 1,065,591 1,564,821 723,411 774,050 828,233 886,209 948,244 1,014,621

Habitat & River Restoration 863,038 150,000 605,000 150,000 150,000 150,000 150,000 150,000 150,000 Administration 392,522 473,055 487,247 501,864 516,920 532,428 548,400 564,852 581,798

Trails Const & Maintenance 283,000 396,225 416,261 437,699 460,638 485,183 511,445 539,547 569,615 Prof & Contracted Services 433,147 443,795 452,422 462,814 473,519 484,544 495,900 507,597 519,645

Historic Structures Stabilization 87,500 - - - - - - - - Total Expenses 3,573,462 2,528,666 3,525,750 2,275,788 2,375,126 2,480,387 2,591,956 2,710,240 2,835,679

Total Exp 3,573,462$ 2,528,666$ 3,525,750$ 2,275,788$ 2,375,126$ 2,480,387$ 2,591,956$ 2,710,240$ 2,835,679$

Inc./(Dec) 358,205 1,070,451 468,559 1,413,069 1,362,414 1,352,966 1,252,383 1,187,511 1,115,145

Fund Balance 2,856,438 3,926,889 4,001,083 5,414,151 6,776,565 8,129,531 9,381,914 10,569,426 11,684,570

Wellington Oro Reserve 48,617 59,617 70,617 81,617 92,617 103,617 114,617 125,617 136,617

Hoosier Pass Recpath Fund 400,000 500,000 600,000 700,000 800,000 900,000 1,000,000 1,100,000 1,200,000

Net Fund Balance 2,407,821$ 3,367,273$ 3,330,466$ 4,632,535$ 5,883,949$ 7,125,915$ 10,496,531$ 11,795,042$ 13,021,187$

NOTES:

Open Space Fund Pro Forma

2018 includes projected budget numbers

$-

$2,000,000

$4,000,000

$6,000,000

$8,000,000

$10,000,000

$12,000,000

$14,000,000

2018 2019 2020 2021 2022 2023 2024 2025 2026

Revenue

Expenses

Net Fund Balance

Open Space Fund Balance Analysis

48

2018 2019 2020 2021 2022 2023 2024Beg Fund Bal 1,274,244$ 456,301$ 681,228$ 854,187$ 1,088,727$ 1,265,702$ 1,342,917$

Revenuegf/res/carts/range/gift cert 2,234,550 2,203,100 2,253,331 2,320,931 2,320,931 2,320,931 2,320,931

services, sales, lessons 405,000 396,000 407,880 420,116 432,720 445,701 459,073 int/rental/ 12,000 12,000 15,500 15,500 15,500 15,000 15,500

Excise Trans.Nordic Reimbursement 34,800 37,300 32,300 32,300 32,300 32,300 32,300

renewable energy credit 4,482 4,482 2,706 2,706 2,706 2,706 2,706 sale of assets -

2,690,832 2,652,882 2,711,717 2,791,553 2,804,157 2,816,638 2,830,510

Available 3,965,076 3,109,183 3,392,945 3,645,740 3,892,884 4,082,341 4,173,427

ExpensesOps 930,523 935,311 963,370 992,271 1,022,040 1,052,701 1,084,282

admin 191,205 203,600 209,708 215,999 222,479 229,154 236,028 equip maint 137,803 142,811 147,095 151,508 156,053 160,735 165,557

maint. program 787,766 818,388 842,940 868,228 894,275 921,103 948,736

2,047,297 2,100,110 2,163,113 2,228,007 2,294,847 2,363,692 2,434,603

CapitalProjects 25,500 10,000 10,000 10,000 10,000 10,000 10,000

landscape equip. 140,000 160,000 163,200 166,464 169,793 173,189 176,653 Cart Reserve and Acquisition 103,250 103,250 103,250 106,347 106,347 106,347 106,347

irrigation consultantsirrigation /bunker construction 331,600 8,400

clubhouse renovations 814,933 53,000 40000 40000GPS units lease 46,195 46,195 46,195 46,195 46195 46195 46195

1,461,478 327,845 375,645 329,006 332,335 375,731 379,195

Total Exp 3,508,775 2,427,955 2,538,758 2,557,013 2,627,182 2,739,423 2,813,798

Net (817,943) 224,927 172,959 234,541 176,975 77,215 16,712

Fund Balance 456,301 681,228 854,187 1,088,727 1,265,702 1,342,917 1,359,629

Cart Reserve 103,250 206,500 309,750 416,097 109,444 215,791 322,138 2017 and 2021 Cart Purchase - (413,000)

Gross Fund Balance 559,551$ 887,728$ 1,163,937$ 1,504,824$ 1,375,146$ 1,558,708$ 1,681,767$

Golf Fund

49

Projected2018 2019 2020 2021 2022 2023

Beg Fund Bal 3,092,057$ 2,699,014$ 1,968,027$ 1,152,377$ 312,727$ (566,792)$ RevenueFund Balance Transfer 577,985 320,000 320,000 320,000 320,000 -

Corum Pmts. - - - - - - Grants/Rental Income 30,000 30,000 30,000 10,000 - -

Other 46,325 46,788 - - - - Misc

Total Revenue 654,310 396,788 350,000 330,000 320,000 -

Available 3,746,367$ 3,095,802$ 2,318,027$ 1,482,377$ 632,727$ (566,792)$

ExpensesTuition Assistance 750,000 850,000 875,500 901,765 928,818 956,682

Operations-staff &cmte 86,944 92,516 101,150 103,885 106,701 109,602 New Facility/Manager - - - - - -

Other/Projects 210,409 185,259 189,000 164,000 164,000 164,000 Fund Bal. Transfer - - - - - -

Total Expenses 1,047,353 1,127,775 1,165,650 1,169,650 1,199,519 1,230,285

Total Exp 1,047,353$ 1,127,775$ 1,165,650$ 1,169,650$ 1,199,519$ 1,230,285$

Inc./(Dec) (393,043)$ (730,987)$ (815,650)$ (839,650)$ (879,519)$ (1,230,285)$

Fund Balance 2,699,014$ 1,968,027$ 1,152,377$ 312,727$ (566,792)$ (1,797,077)$

NOTES:

effective 2016 shifting back to ComDev staff allocation of .15SFE to 1.0 SFE ComDev effective 2015 added 1 FTE (contract) for program managementeffective 2017 ComDev Staff allocation of 1.05 SFE

Childcare Fund Pro Forma

(2,500,000) (2,000,000) (1,500,000) (1,000,000)

(500,000) -

500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000

2018 2019 2020 2021 2022 2023

Revenue

Expense

FundBalance


50

1

Memo To: Breckenridge Town Council Members

From: Shannon Haynes, Assistant Town Manager

Date: 10/4/2018

Subject: Broadband Review and Discussion

Staff has been working with Foresite Group and Tim Scott from Peak View Enterprises on developing a plan for town wide fiber infrastructure. During the Council retreat on October 9th staff will:

- Introduce Council to the representatives from Foresite and Peak View - Provide a summary overview on the importance of fiber infrastructure to the Town - Review the proposed Phase 1 map – to include an explanation of the fiber backbone, the

process for adding spurs off the backbone and “drops” to the individual buildings/residences, and how in-home wiring fits into the planning

- Review and discussion of the summary proforma showing a 50% take rate - Review of critical success factors and a high level overview of the timeline for:

o Construction o Service Provider Selection o Marketing & Communications

Council decision point:

- Overall approval to move forward and budget $8M in the CIP for Phase 1 construction and development

51

Breckenridge Broadband Proforma for Council Retreat

Foresite Group has worked with the Town of Breckenridge to complete a full market assessment for a future fiber-based broadband deployment. Below are the tasks that have been completed to date.

• Strategy Session • Preliminary Design • Demand Aggregation Study • LiDAR Collection and High-Level Extraction • Bill of Materials Creation • Priority Phase 1 Addresses and Cost Projections • Interviews with Internet Service Providers, Equipment Vendors, General Construction

Contractors and other markets that have built out municipal broadband networks • Business and Financial Plan (Finalized based on Council Approval)

We are currently working to finalize the final tasks which includes the Business and Financial Plan based on council approval. Foresite Group is submitting a work order to complete the next stages of project which will include a Phase 1 detailed design and the below tasks.

• Detailed Schedule Creation • Construction Ride Outs and Lidar Extraction (low level) • Detailed Fiber Network Design • Permit Engineering • Bid Package Creation for Construction RFP • Construction RFP Released • Awarded to General Contractor • Provide possible technical input for use in creation of RFI for Service Provider(s) and/or potential

Equipment Providers • Finalized Construction Packages created which includes drawings, bill of materials, splice

documents and a database updated • Construction Starts in May of 2019 (schedule will adjust dependent on weather)

Based on the most efficient build out of the network, the Broadband Committee has created a phase 1 approach that includes targeting the areas that would surround the backbone over a two year period. The targeted areas or boundaries are shown in our Webmap and a screen shot on page 3.

The proforma was created from Foresite Group’s automated designs with construction costs estimates, surveys completed by some of the residents and price quotes from vendors and contractors. Below are the assumptions used for this data.

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https://www.google.com/maps/d/u/0/edit?mid=1MN4IeG_4qM2fnbCGxkNsxGBUC5tH_NRO&ll=39.495777443350704%2C-106.03495668774417&z=14

• Within the boundaries shown on the phase 1 map there are 5,590 demand points within the blue highlighted area and this includes Single Family Units, Multi Dwelling Units, Businesses, Schools or other anchor institutes

• Construction would be completed over 2 years with first provisional service being ready for customers during the 3rd quarter of 2019

• Sign up for services would begin once the providers are all identified and agreed upon – scheduled to be ready by Q1 2019 to begin marketing and awareness.

• During 2019 the Town would construct the infrastructure for the backbone and to certain addresses that sign up for service within the phase 1 boundaries

• The network would be constructed all the way to the end user with a piece of equipment on the side of the house where the fibers terminate

• The goal will be an initial 1 – 2 service providers for services in the Town. Initially, one focused on the residential market (this includes TV, internet, phone and over the top services) and perhaps a second provider focused on local businesses

• The fiber infrastructure will be appropriately sized to support possible future uses, such as assisting wireless infrastructure for improved cellular coverage, and other potential smart city applications

• Foresite Group has submitted a work order to complete construction ride out tasks, detailed GIS database updates including network design and connectivity, construction bid packages based on sign up, consulting services for smart city applications, construction RFP creation support, standard network architecture and documentation creation, sign up and technical marketing support, operations and maintenance planning, schedule creations per boundary area and community support and training

• The proforma for phase 1 includes a 50% take rate • The network distribution or last mile part of the network will not be constructed until a premise

signs up, so we are using what the committee feels and recommends are worst-case scenarios • Phase 1 includes 17 miles of all underground infrastructure except for the wireless antennas

that the broadband team and town planners are working in conjunction to look at placement locations

• Appropriation of funds in 2018 is necessary to ensure design, internet service provider(s) and/or equipment vendor selection, possible wireless carrier(s) selection, and construction RFPs are all completed

o This is necessary in order to begin construction as early as May of 2019 • There has been contingency built into the proforma in addition to equipment replenishment

after 5 years • The network is currently shown across 10 years with positive returns for reinvestment into

phase 2 o The Town will likely bond for 20 years for phase 1 and subsequent ones

53

Initial serving areas to be included in phase 1

54

2019 2020 2021 2022 2023 2024 2025 2026 2027 2028$ 8,000,000 $ 3,503,998 $ 606,604 $ 357,397 $ 134,498 $ 275,275 $ 416,053 $ 556,830 $ 697,608 $ 838,386

REVENUE$41,925.00 $749,991.67 $1,332,283.33 $1,341,600.00 $1,341,600.00 $1,341,600.00 $1,341,600.00 $1,341,600.00 $1,341,600.00 $1,341,600.00

$3,668.44 $65,624.27 $116,574.79 $117,390.00 $117,390.00 $117,390.00 $117,390.00 $117,390.00 $117,390.00 $117,390.00$11,250.00 $184,500.00 $189,000.00 $189,000.00 $189,000.00 $189,000.00 $189,000.00 $189,000.00 $189,000.00 $189,000.00

$56,843.44 $1,000,115.94 $1,637,858.13 $1,647,990.00 $1,647,990.00 $1,647,990.00 $1,647,990.00 $1,647,990.00 $1,647,990.00 $1,647,990.00

$ 402,698.10 $ 100,512.30 $ 42,000.00 $ 42,000.00 $ 42,000.00 $ 42,000.00 $ 42,000.00 $ 42,000.00 $ 42,000.00 $ 42,000.00 $ 2,162,598.42 $ 2,331,784.77 $ 379,853.02 $ - $ - $ - $ - $ - $ - $ - $ 27,391.30 $ 46,956.52 $ 46,956.52 $ 46,956.52 $ 46,956.52 $ 46,956.52 $ 46,956.52 $ 46,956.52 $ 46,956.52 $ 46,956.52 $ 546,536.96 $ 104,634.78 $ 104,634.78 $ 104,634.78 $ 104,634.78 $ 104,634.78 $ 104,634.78 $ 104,634.78 $ 104,634.78 $ 104,634.78 $ - $ - $ - $ 363,676.50 $ - $ - $ - $ - $ - $ - $ 325,000.00 $ 225,000.00 $ 225,000.00 $ 225,000.00 $ 225,000.00 $ 225,000.00 $ 225,000.00 $ 225,000.00 $ 225,000.00 $ 225,000.00 $ 116,667.81 $ 116,667.81 $ 116,667.81 $ 116,667.81 $ 116,667.81 $ 116,667.81 $ 116,667.81 $ 116,667.81 $ 116,667.81 $ 116,667.81

Debt Service $971,953.32 $971,953.32 $971,953.32 $971,953.32 $971,953.32 $971,953.32 $971,953.32 $971,953.32 $971,953.32 $971,953.32 Exp. $ 4,552,845.91 $ 3,897,509.50 $ 1,887,065.45 $ 1,870,888.93 $ 1,507,212.43 $ 1,507,212.43 $ 1,507,212.43 $ 1,507,212.43 $ 1,507,212.43 $ 1,507,212.43 Profit/Loss -$4,496,002.47 -$2,897,393.56 -$249,207.32 -$222,898.93 $140,777.57 $140,777.57 $140,777.57 $140,777.57 $140,777.57 $140,777.57cum P/L -$4,496,002.47 -$7,393,396.03 -$7,642,603.35 -$7,865,502.29 -$7,724,724.72 -$7,583,947.15 -$7,443,169.58 -$7,302,392.02 -$7,161,614.45 -$7,020,836.88

$3,503,997.53 $606,603.97 $357,396.65 $134,497.71 $275,275.28 $416,052.85 $556,830.42 $697,607.98 $838,385.55 $979,163.12Fund Balance

Construction ServicesOperations and MaintenanceInterconnectivity CostsEquipment UpgradesMarketing, Branding, AdmnContigency

Engineering Services

Wireless CarrierTotal Revenue

EXPENSES

Businesses

BROADBAND FUND PRO FORMA - 50% TAKE RATESBeg Fund Bal

Residential Services

$0.00

$1,000,000.00

$2,000,000.00

$3,000,000.00

$4,000,000.00

$5,000,000.00

$6,000,000.00

$7,000,000.00

$8,000,000.00

$9,000,000.00

2019 2020 2021 2022 2023 2024 2025 2026 2027 2028

Years


Total Revenue

Total EXP

Fund Balance

55

1

Memo To: Breckenridge Town Council Members

From: Shannon Haynes, Assistant Town Manager

Date: 10/4/2018

Subject: Parking Discussion

During the Council retreat on October 9th staff will facilitate a parking discussion focused on the priorities and vision of Council going forward. We have reserved time for you to consider the aspects of parking you believe to be most important. This includes determining if added parking capacity is necessary and, if it is, where those additional spaces should be located – in town or out of town. From this discussion an overall philosophy for current and future parking needs will be developed and next steps will be clarified.

56

Capital Improvement Plan2019 - 2023

October 9, 2018 60

Recreation 2019 2020 2021 2022 2023 TOTALRiver Park - 700,000 - - - 700,000 Breckenridge Campground - - - 1,000,000 - 1,000,000 Ice Arena Locker Room Addition ? - - - - ?

Total - 700,000 - 1,000,000 - 1,700,000 Public WorksMcCain Property Improvements- School Parcel 350,000 1,000,000 3,750,000 150,000 43,000 5,293,000 Coyne Valley Bike Underpass 75,000 ? - - - 75,000 Airport Road Improvements 250,000 3,750,000 3,750,000 - - 7,750,000 Riverwalk Center Lobby Improvements 200,000 - 5,000,000 - 5,200,000 Undergrounding of Overhead Utilities 200,000 - 200,000 - 200,000 600,000 Roadway Resurfacing 850,000 850,000 850,000 850,000 850,000 4,250,000 Sand Storage Structure 250,000 - - - - 250,000 River Walk Extension & Utility Relocation 250,000 - - - - 250,000 Fiber Infrastructure 10,000,000 10,000,000 - - - 20,000,000 Infrastructure Improvements- Culverts ? 350,000 350,000 350,000 350,000 1,400,000 McCain Property Improvements- Landscape Berm - - 250,000 - - 250,000 Blue River Crossing at Coyne Valley Road - 2,200,000 - - - 2,200,000

Total 12,425,000 18,150,000 9,150,000 6,350,000 1,443,000 47,518,000 100% Renewable Energy Town Facilities Energy Upgrades 100,000 100,000 90,000 85,000 0 375,000Solar/Renewable Implementation 40,000 40,000 40,000 40,000 40,000 200,000Small Scale Wind & Hydro Power 0 50,000 50,000 50,000 50,000 200,000

Total 140,000 190,000 180,000 175,000 90,000 775,000 GRAND TOTAL 12,565,000 19,040,000 9,330,000 7,525,000 1,533,000 49,993,000

Capital Funding SourcesExcise 2,397,000 6,557,000 7,357,000 7,427,000 1,435,000 25,173,000 McCain Rents 43,000 43,000 43,000 43,000 43,000 215,000 Open Space Funds (River Park) - 105,000 - - - 105,000 GOCO Grant for Oxbow Park - 350,000 - - - 350,000 Housing Fund (50% for Airport Rd. Improvements) 125,000 1,875,000 1,875,000 - - 3,875,000 Conservation Trust Transfer - 110,000 55,000 55,000 55,000 275,000 COP Funding for Broadband Project 10,000,000 10,000,000 20,000,000

Total 12,565,000 19,040,000 9,330,000 7,525,000 1,533,000 49,993,000

Five Year Capital Improvement Plan Summary 2019 to 2023Capital Fund Projects

New design projects in 2019

New construction projects in 2019

New construction projects in 2019

61

cover

CAPITAL IMPROVEMENT PLAN

2019-2023

For the Year Ending

December 31, 2019

Presented To:

Breckenridge Town Council

Eric Mamula, Mayor

Wendy WolfeDick Carleton

Gary GallagherJeffrey Bergeron

Erin GiglielloElisabeth Lawrence

Presented by:

Rick Holman, Town Manager

5 Year Capital_ P&T_Summary

Five Year Capital Improvement Plan Summary 2019 to 2023

Capital Fund Projects

Recreation20192020202120222023TOTAL

River Park- 0700,000- 0- 0- 0700,000

Breckenridge Campground- 0- 0- 01,000,000- 01,000,000

Ice Arena Locker Room Addition?- 0- 0- 0- 0?

Total- 0700,000- 01,000,000- 01,700,000

Public Works

McCain Property Improvements- School Parcel350,0001,000,0003,750,000150,00043,0005,293,000

Coyne Valley Bike Underpass75,000?- 0- 0- 075,000

Airport Road Improvements250,0003,750,0003,750,000- 0- 07,750,000

Riverwalk Center Lobby Improvements200,000- 05,000,000- 05,200,000

Undergrounding of Overhead Utilities200,000- 0200,000- 0200,000600,000

Roadway Resurfacing850,000850,000850,000850,000850,0004,250,000

Sand Storage Structure250,000- 0- 0- 0- 0250,000

River Walk Extension & Utility Relocation250,000- 0- 0- 0- 0250,000

Fiber Infrastructure10,000,00010,000,000- 0- 0- 020,000,000

Infrastructure Improvements- Culverts?350,000350,000350,000350,0001,400,000

McCain Property Improvements- Landscape Berm- 0- 0250,000- 0- 0250,000

Blue River Crossing at Coyne Valley Road- 02,200,000- 0- 0- 02,200,000

Total12,425,00018,150,0009,150,0006,350,0001,443,00047,518,000

100% Renewable Energy

Town Facilities Energy Upgrades100,000100,00090,00085,0000375,000

Solar/Renewable Implementation40,00040,00040,00040,00040,000200,000

Small Scale Wind & Hydro Power050,00050,00050,00050,000200,000

Total140,000190,000180,000175,00090,000775,000

GRAND TOTAL 12,565,00019,040,0009,330,0007,525,0001,533,00049,993,000

Capital Funding Sources

Excise 2,397,0006,557,0007,357,0007,427,0001,435,00025,173,000

McCain Rents43,00043,00043,00043,00043,000215,000

Open Space Funds (River Park)- 0105,000- 0- 0- 0105,000

GOCO Grant for Oxbow Park- 0350,000- 0- 0- 0350,000

Housing Fund (50% for Airport Rd. Improvements)125,0001,875,0001,875,000- 0- 03,875,000

Conservation Trust Transfer - 0110,00055,00055,00055,000275,000

COP Funding for Broadband Project10,000,00010,000,00020,000,000

Total12,565,00019,040,0009,330,0007,525,0001,533,00049,993,000

Parking and Transportation Fund Projects

Dynamic Wayfinding1,000,0001,500,000500,000- 0- 03,000,000

S.Park Ave & Main Street Roundabout250,000250,000- 0- 07,000,0007,500,000

F-Lot Pedestrian Connection Improvements200,0002,000,000- 0- 0- 02,200,000

B11 Parking- School Parcel400,000- 0- 0- 0- 0400,000

River Walk Repairs137,500137,500137,500- 0- 0412,500

Transit Stop Shelters150,000- 0- 0- 0- 0150,000

Pedestrian Corridor Lighting200,000100,000100,000100,000100,000600,000

Sidewalk Master Plan Implementation250,000250,000250,000250,000250,0001,250,000

Village Road Roundabout- 0- 0- 03,500,000- 03,500,000

French St Roundabout- 0400,000- 04,000,000- 04,400,000

Four O'clock Pedestrian Improvements- 0- 0- 01,400,000- 01,400,000

Village Road Pedestrian Improvements- 0- 0- 0300,0003,000,0003,300,000

Transit Center- 0- 0- 0- 05,000,0005,000,000

Total 2,587,5004,637,500987,5009,550,00015,350,00033,112,500

Parking and Transportation Funding Sources

Lift Tax Agreement1,570,0001,641,4001,714,2281,788,5131,864,2838,578,423

Excise Fund Transfer1,017,5002,996,100-7,761,48713,485,71724,534,077

Total 2,587,5004,637,500987,5009,550,00015,350,00033,112,500

19 A&B

Capital Improvement Plan Summary for 2019

A listTotal of A & B ProjectsAnnual Impact on Operational Budget

Capital FundOther FundingTotal costB List

Recreation

Ice Arena Locker Room Addition???00?

Total???000

Public Works

McCain Property Improvements- School Parcel307,00043,000350,0000350,0000

Coyne Valley Bike Underpass75,000075,000075,0000

Airport Road Improvements125,000125,000250,0000250,0000

Riverwalk Center Lobby Improvements200,0000200,0000200,0000

Undergrounding of Overhead Utilities200,0000200,000200,0000

Roadway Resurfacing850,0000850,0000850,0000

Sand Storage Structure250,000250,0000250,0000

River Walk Extension & Utility Relocation250,0000250,0000250,0000

Fiber Infrastructure010,000,00010,000,000010,000,0000

Infrastructure Improvements- Culverts?00000

Town Facilities Energy Upgrades*100,0000100,0000100,0000

Solar/Renewable Implementation*40,000040,000040,0000

*100% Renewable Energy Project TOTAL2,397,00010,168,00012,565,000012,565,0000

GRAND TOTAL 2,397,00010,168,00012,565,000012,565,0000

Capital Funding SourcesCapital FundOther FundingTotal Funds

Excise Fund Transfer2,397,000- 02,397,000

McCain Revenues43,00043,000

Housing Fund (50% Airport Rd. Improvements)125,000125,000

Conservation Trust Transfer - 0- 0

COP Funding for Broadband Project10,000,00010,000,000

TOTAL2,397,00010,168,00012,565,000

A listTotal of A & B ProjectsAnnual Impact on Operational Budget

Parking and TransportationP&T FundOther FundingTotal costB List

Dynamic Wayfinding1,000,00001,000,00001,000,00010,000

S.Park Ave & Main Street Roundabout250,0000250,0000250,0000

B11 Parking- School Parcel400,0000400,0000400,000

Transit Stop Shelters150,0000150,0000150,0000

Pedestrian Corridor Lighting200,0000200,0000200,0000

Sidewalk Master Plan Implementation250,0000250,0000250,0008,000

F-Lot Pedestrian Connection Improvements200,0000200,0000200,00035,000

River Walk Repairs1375000137,5000137,5000

TOTAL2,587,50002,587,50002,587,50053,000

P&T Funding SourcesP&T FundOther FundingTotal Funds

Lift Tax Agreement1,570,000- 01,570,000

Excise Fund Transfer1,017,500- 01,017,500

TOTAL2,587,500- 02,587,500

River Park

Project NameRiver Park

Department:Recreation

Description:

The 2020 project will construct the second phase of Oxbow Park, part of the Blue River Corridor Master Plan and adjacent to the Denison Housing projects. This work will include the tot play area, swings, parking, and additional educational features. The project received a GOCO grant award for $350,000 for Phase I of the project and a second GOCO grant application will be submitted for Phase 2.

Project Funding20192020202120222023Total

Town Funds0245,000000245,000

Open Space Funds0105,000000105,000

GOCO Grant0350,000000350,000

Total0700,000000700,000

Project Costs20192020202120222023Total

Design and Construction0700,000000700,000

Total0700,000000700,000

Operational cost considerations:

This project will require staff time to inspect the playground and bathrooms daily, trash collection and utilities. The total is estimated at $13,000 per year.

Breckenridge Campground

Project NameBreckenridge Campground


Description:

Under the Town Council Goal to “Ensure that Breckenridge continues to maintain, improve, and develop public recreational facilities and amenities,” Council defined a specific 2018 objective to “Evaluate potential locations for a campground.”


Town Funds0001,000,00001,000,000

Conservation Trust Funds000000

Total0001,000,00001,000,000


Design and Construction0001,000,00001,000,000

Total0001,000,00001,000,000


Operational costs have been estimated at $50,000 annually.

Ice Arena Locker Room Addition

Project NameIce Arena Locker Room Addition


Description:

This project is the construction of new locker rooms to accommodate the growing use at the Ice Arena and provide administrative offices for Summit Youth Hockey. Funding for design was appropriated in 2018.


Town Funds?0000

Total?0000


Design100,000

Construction?0000

Total?0000


Operational costs will be detailed once the project scope and design are progressed. There will be a cost increase for utilities, maintenance, and cleaning fees.

McCain_School Parcel

Project NameMcCain Property Improvements- School Parcel

Department:Public Works

Description:

This project will establish a roadway and utilities to the School District parcel.


Town Funds307,000957,0003,707,000107,00005,078,000

Rents 43,00043,00043,00043,00043,000215,000

Total350,0001,000,0003,750,000150,00043,0005,293,000


Construction350,0001,000,0003,750,000150,00043,0005,250,000

Total350,0001,000,0003,750,000150,00043,0005,250,000


Operational costs will be detailed once the project scope and design are progressed. There will be a cost increase for snow removal and maintenance of infrastructure.

Coyne Valley Bike Underpass

Project NameCoyne Valley Bike Underpass

Department:Engineering

Description:

This project will design and construct an underpass for the Rec Path crossing at Coyne Valley Rd.


Town Funds75,000?000?

Total75,000?000?


Design75,00075,000

Construction0?000?

Total75,000?000?


This is not expected to have significant impact on operational costs.

Airport Rd Improvements

Project NameAirport Road Improvements


Description:

This project is to design and implement roadway improvements ass recommended in the forthcoming 2018 Traffic Study for Airport Road.


CIP Funds125,0001,875,0001,875,000003,875,000

Housing Funds125,0001,875,0001,875,000003,875,000

Total250,0003,750,0003,750,000007,750,000


Design250,0000000250,000

Construction03,750,0003,750,000007,500,000

Total250,0003,750,0003,750,000007,750,000


Operational costs will be detailed once the project scope and design are progressed. There will be a cost increase for snow removal and maintenance of infrastructure.

RWC Lobby Improvements

Project NameRiverwalk Center Lobby Improvements

Department:Administration

Description:

This project is to add a Lobby to the Riverwalk Center (RWC) that would include indoor bathrooms, ticket office, concession and pre-event space. DTJ developed a programmatic design that was estimated to cost between $3.7M and $5M in 2016.


Town Funds200,000005,000,00005,200,000

Total200,000005,000,00005,200,000


Design200,0000000200,000

Construction0005,000,00005,000,000

Total200,000005,000,00005,200,000


The lobby addition would increase the operational costs by approximately $16,000 that include utilities, maintenance, labor and cleaning.

Util Under

Project NameUndergrounding of Overhead Utilities


Description:

This project is to underground all of the overhead utility lines in Town over time. This project is funded through the general fund in conjunction with a 1% excise tax charged on Breckenridge residents' electric bills. The project will continue until all overhead lines are placed underground. The funding is shown to be every other year because the 1% excise money is generated at a rate that cannot support a project every year. The $200,000 from the Town is used to pay for the undergrounding of other utilities that may be on the pole at the same time as the electric lines. The Town does not have a similar funding source for those utilities other than electric.


Town Funds200,0000200,0000200,000600,000

Total200,0000200,0000200,000600,000


Construction200,0000200,000200,000600,000

Total200,0000200,0000200,000600,000


This project is not expected to impact operational costs.

Road Surface

Project NameRoadway Resurfacing


Description:

This represents a commitment to future street projects, probably in the form of milling and resurfacing. The Council has set a goal of having the pavement condition rated at a 7 based on the Town pavement rating system. The inspection of the roads happens yearly. This project will also replace concrete that is deteriorated or damaged as well.


Town Funds850,000850,000850,000850,000850,0003,400,000

Total850,000850,000850,000850,000850,0003,400,000


Construction850,000850,000850,000850,000850,0003,400,000

Total850,000850,000850,000850,000850,0003,400,000


This project is part of an ongoing reinvestment in our streets in order to keep our roads in a condition that is acceptable to our community. While it is difficult to determine the operational costs that this project reduces, the amount of maintenance needed because of this project is reduced.

Sand Storage

Project NameSand Storage Structure


Description:

This project is to construct a structure at the Public Works Yard for storage of our sand used in roadway maintenance.


Town Funds250,0000000250,000

Total250,0000000250,000


Design00000

Construction250,000000250,000

Total250,0000000250,000


This project will not significantly impact our current operational costs.

River Walk Ext (Chipala)

Project NameRiver Walk Extension & Utility Relocation


Description:

This project is the extension of the Riverwalk pathway south to S.Park Ave.


Town Funds250,0000000250,000

Total250,0000000250,000


Design50,000000050,000


Total250,0000000250,000


This project will not significantly impact our current operational costs.

Broadband

Project NameFiber Infrastructure


Description:

The purpose of this project is to provide reliable and competitive Broadband services to citizens/businesses/visitors per the Council goals.


Town Funds000000

Other Funding10,000,00010,000,00020,000,000

Total10,000,00010,000,00000020,000,000


Design000000

Construction10,000,00010,000,0000020,000,000

Total10,000,00010,000,00000020,000,000


Operational cost for this project are curretly unknown.

Infrastructure-Culverts

Project NameInfrastructure Improvements- Culverts

Department:Engineering

Description:

This project is to repair or replace aging culverts throughout Town. The 2019 project will be to repair the Illinois Gulch culvert under Boreas Pass Rd including the sidewalk that is part of the structural system of the culvert. Construction costs for the 2019 project are unknown due to the complexity of the project. Staff will update Council as design and cost estimating progress.


Town Funds?350,000350,000350,000350,0001,400,000

Total?350,000350,000350,000350,0001,400,000


Design175,000

Construction?350,000350,000350,000350,0001,400,000

Total?350,000350,000350,000350,0001,400,000


This is not expected to have an ongoing operational cost to the Town since the culverts are existing.

McCain_Landscape Berm

Project NameMcCain Property Improvements- Landscape Berm


Description:

This project will establish a landscape buffer on the southern portion of McCain adjacent to SH9.


Town Funds00250,00000250,000

Rents 000000

Total00250,00000250,000



Total00250,00000250,000


Operational costs will be detailed once the project scope and design are progressed. There will be a cost increase for maintenance and weed management.

Blue River Crossing at Coyne

Project NameBlue River Crossing at Coyne Valley Road


Description:

The Blue River reclamation project originally included the replacement of the metal culverts at Coyne Valley Road over the Blue River with a concrete structure. The pricing from the original bid was not attractive and was subsequently removed from the reclamation project. Council wanted to revisit replacing the culvert at a later time. This project will replace the metal culverts with a concrete structure along with reconstruction of a small portion of the Blue River banks upstream from Coyne Valley Road.


Town Funds02,200,0000002,200,000

Total02,200,0000002,200,000


Construction02,200,0000002,200,000

Total02,200,0000002,200,000


This is not expected to have an ongoing operational cost to the Town since the culvert already exists.

Facility Upgrades

Project NameTown Facilities Energy Upgrades


Description:

This project accelerates the Town's invest in upgrades for energy efficiencies in lighting and mechanical systems.


Town Funds100,000100,00090,00085,0000375,000

Total100,000100,00090,00085,0000375,000


Design000000

Construction100,000100,00090,00085,0000375,000

Total100,000100,00090,00085,0000375,000


This project will not impact our current operational costs and will realize savings based on the reduced energy consumption.

Solar

Project NameSolar/Renewable Implementation

Department:Community Development

Description:

This project is to pursue options and strategies for renewable energy in Town.


Town Funds40,00040,00040,00040,00040,000200,000

Total40,00040,00040,00040,00040,000200,000


Design000000

Construction40,00040,00040,00040,00040,000200,000

Total40,00040,00040,00040,00040,000200,000


This project will not impact our current operational costs.

Wind & Hydro

Project NameSmall Scale Wind & Hydro Power

Department:Community Development

Description:

This project is to explore the feasibility and implement small-scale wind and solar projects.


Town Funds050,00050,00050,00050,000200,000

Total050,00050,00050,00050,000200,000


Design050,00000050,000

Construction0050,00050,00050,000150,000

Total050,00050,00050,00050,000200,000



Dynamic Wayfinding

Project NameDynamic Wayfinding

Department:Parking and Transportation

Description:

This project is for the installation of dynamic wayfinding signs associated with parking and to upgrade additional wayfinding signage throughout town.


Town Funds1,000,0001,500,000500,000003,000,000

Total1,000,0001,500,000500,000003,000,000


Design 000000

Construction1,000,0001,500,000500,000003,000,000

Total1,000,0001,500,000500,000003,000,000


The contract price for the web-hosted software to control the signs is approximately $10,000 per year.

S.Park&Main

Project NameS.Park Ave & Main Street Roundabout


Description:

This project is to evaluate, design and construct the S.Park Ave/Main St. roundabout and associated corridor improvements that were recommended by the 2016 DTJ/Nelson Nygaard study. The 2019 project is a feasibility study of both intersection improvements and alternative pedestrian crossing locations. This study will include a large public outreach effort and involvement of stakeholders.


Town Funds250,000250,000007,000,0007,500,000

Total250,000250,000007,000,0007,500,000


Design250,000250,000000500,000

Construction00007,000,0007,000,000

Total250,000250,000007,000,0007,500,000


The cost for operations will be determined once the scope of the project has been established. It is likely that the landscaping needed in these areas will significantly increase the summer maintenance to keep them looking good. The design can be geared toward low maintenance but weeds, irrigation and regular trash cleaning will be required. The roundabout at North Main and Park Avenue costs approximately $40,000 per year to provide all the flowers and maintenance. Staff estimates that the lower maintenance roundabouts will costs between $15,000 and $20,000 per year.

F-Lot Ped Connection

Project NameF-Lot Pedestrian Connection Improvements


Description:

This project includes improving the pedestrian pathway between Park Avenue and Adams Avenue, adjacent to the existing F-Lot parking lot.


Town Funds200,0002,000,0000002,200,000

Total200,0002,000,0000002,200,000


Design200,0000000200,000

Construction02,000,000002,000,000

Total200,0002,000,000002,200,000


The increased cost for operations is estimated to be between $30,000 and $35,000 depending on design parameters.

B11 Parking_School Parcel

Project NameB11 Parking- School Parcel


Description:

This project is improve the B11 School parcel to a graded dirt parking area.


Town Funds400,0000000400,000

Total400,0000000400,000



Total400,0000000400,000


This project is not expected to have additional operational impacts.

Riverwalk Repairs

Project NameRiver Walk Repairs


Description:

This project is to repair and replace the River Walk concrete and hardscape in areas between Park Avenue and Ski Hill Rd.


Town Funds137,500137,500137,50000412,500

Total137,500137,500137,50000412,500


Design000000

Construction137,500137,500137,50000412,500

Total137,500137,500137,50000412,500



Transit Stop Shelters

Project NameTransit Stop Shelters


Description:

This project is to place bus stop shelters at various bus stops through out Town. The criteria for placing bus shelters will be based on the ridership at the bus stop and the priority will be based on the ridership as well.


Town Funds150,000000150,000

Total150,0000000150,000



Total150,0000000150,000


This project is not anticipated to significantly increase operational costs.

Pedestrian Corridor Lighting

Project NamePedestrian Corridor Lighting


Description:

This project is improve lighting in the major pedestrian corridors throughout Town. Standards for lighting the corridors will be established using standard light fixtures at the standard spacing to achieve the appropriate level of safety to attract people to walk. The corridors will be identified and approved by Council prior to any work moving forward.


Town Funds200,000100,000100,000100,000100,000600,000

Total200,000100,000100,000100,000100,000600,000


Design and Construction200,000100,000100,000100,000100,000600,000

Total200,000100,000100,000100,000100,000600,000


This project is not expected to have operational impacts.

Sidewalk MP Implementation

Project NameSidewalk Master Plan Implementation


Description:

The $250,000 placeholder for future work assumes new sidewalk, curb and gutter at approximately 1,000 linear feet per year.


Town Funds250,000250,000250,000250,000250,0001,250,000

Total250,000250,000250,000250,000250,0001,250,000


Design000000

Construction250,000250,000250,000250,000250,0001,250,000

Total250,000250,000250,000250,000250,0001,250,000


This project will increase operational cost do to additional plowing and maintenance needs. Increases are estimated at $8,000 each year that sidewalk infrastructure is added.

Village Rd Roundabout

Project NameVillage Road Roundabout


Description:

This project is to evaluate, design and construct the S.Park Ave/Village Rd roundabout and associated corridor improvements that were recommended by the 2016 DTJ/Nelson Nygaard study. Design funds were included in the 2018 budget.


Town Funds0003,500,00003,500,000

Total0003,500,00003,500,000

Project CostsTotal

Design000000

Construction0003,500,00003,500,000

Total0003,500,00003,500,000



French St Roundabout

Project NameFrench St Roundabout


Description:

This project is to evaluate, design and construct the French Street roundabout and associated corridor improvements that were recommended by the 2016 DTJ/Nelson Nygaard study.


Town Funds0400,00004,000,00004,400,000

Total0400,00004,000,00004,400,000


Design0400,000000400,000

Construction0004,000,00004,000,000

Total0400,00004,000,00004,400,000



4 O'clock Ped Improvements

Project NameFour O'clock Pedestrian Improvements


Description:

This project will construct a 5-foot heated sidewalk on the south side of the roadway from Park Avenue to King's Crown.


Town Funds0001,400,00001,400,000

Total0001,400,00001,400,000


Construction0001,400,00001,400,000

Total0001,400,00001,400,000


The increased cost for operations is estimated to be between $30,000 and $35,000 depending on design parameters.

Village Ped Improvements

Project NameVillage Road Pedestrian Improvements


Description:

This project is to improve the pedestrian walkways on Village Road from Park Avenue to Beaver Run Resort per the DTJ/Nelson Nygaard study recommendations. These improvements may include widened, separated sidewalks with heating and increased lighting.


Town Funds000300,0003,000,0003,300,000

Total000300,0003,000,0003,300,000


Design 00300,0000300,000

Construction00003,000,0003,000,000

Total000300,0003,000,0003,300,000


The cost for operations has not yet been determined but if a heated sidewalk is placed it would be similar to the costs established for Four O'clock Pedestrian Improvement project, which is between $30,000 and $35,000.

Transit Center

Project NameTransit Center


Description:

This project is to design and construct a new Breckenridge Station.


Town Funds00005,000,0005,000,000

Total00005,000,0005,000,000


Construction00005,000,0005,000,000

Total00005,000,0005,000,000


Operational costs will be detailed once the project scope and design are progressed. There will be a cost increase for utilities, maintenance, and cleaning fees.

Water, Golf Summary

Water Fund Five Year Capital Improvement Plan Summary 2019 to 2023

Project20192020202120222023TOTAL

2nd Water Plant25,000,000000025,000,000

Water Main Replacement70,00070,00070,00070,00070,000350,000

Tarn Dam Repairs100,00009,000,0009,000,000018,100,000

Water Tank Repairs700,000316,2500001,016,250

Technology Upgrades225,000150,0000500,000205,0001,080,000

Water Meter Upgrades700,000700,000700,000002,100,000

CT Station400,0000000400,000

TOTAL 27,195,0001,236,2509,770,0009,570,000275,00048,046,250

Funding Sources20192020202120222023TOTAL

Utility Fund Revenue/Reserves2,195,0001,236,2509,770,0009,570,000275,00023,046,250

Loan for 2nd Water Plant*25,000,000000025,000,000

Loan for Dam Repairs18,000,000

TOTAL 27,195,0001,236,2509,770,0009,570,000275,00048,046,250

Golf Fund Five Year Capital Improvement Plan Summary 2019 to 2023

Project20192020202120222023TOTAL

Course Equipment160,000160,000163,200166,464169,793819,457

Course Improvements10,00010,00010,00010,00010,00050,000

Cart Replacement103,250103,250413,000106,347106,347832,194

Clubhouse Improvements053,00000053,000

TOTAL 273,250326,250586,200282,811286,1401,754,651

Funding Sources

Golf Fund Reserves273,250326,250586,200282,811286,1401,754,651

TOTAL 273,250326,250586,200282,811286,1401,754,651

2nd Water Plant

Project Name2nd Water Plant

Department:PW/Water

Description:

This project is to continue the design and construction for the second water treatment plant. This project would be for the costs to complete the design and construction of the water plant, pumps, pipes and permit process for the plant.


Loan for Construction25,000,000000025,000,000

Total25,000,000000025,000,000


Construction/Installation25,000,000000025,000,000

Total25,000,000000025,000,000


The operational costs for this project are expected to increase operating expenses approximately $500,000 per year.

Water Main Replacement

Project NameWater Main Replacement

Department:PW/Water

Description:

Some of the older waterlines in our system require replacement to prevent continued water main breaks. Additionally, new valves are required on older lines for improved isolation of our system. Fairview Blvd. water main will be replaced with the 2nd water plant project. The next 5 years focuses on valve insertion until completion of the 2nd plant project. Staff has developed a plan for the next five years to insert valves and replace some of these lines as follows:2019 - valve insertion2020- valve insertion2021- valve insertion and design Shekel Ln replacement2022-Shekel Ln main replacement (north end)2023-PK 7 interconnect line


Utility Fund Revenue/Reserves70,00070,00070,00070,00070,000350,000

Total70,00070,00070,00070,00070,000350,000


Construction70,00070,00070,00070,00070,000350,000

Total70,00070,00070,00070,00070,000350,000


Staff estimates that once all of these improvements are completed that the water main breaks will be reduced by 4 breaks per year. A water main break costs approximately $15,000 per break which results in a repair cost savings of $60,000 per year. Water productions will be saved at approximately 4 million gallons per year. It currently costs the Town approximately $3/1,000 gallons which translates to $12,000 in production savings per year. We estimate a total savings of $72,000 per year. Staff time will also be saved at an estimated 100 hours per year. It will take several years to replace the lines and realize the operational costs savings.

Tarn Dam Repairs

Project NameTarn Dam Repairs

Department:PW/Water

Description:

Staff has identified some repairs that are needed for the Goose Pasture Tarn Dam. These repairs are needed to keep the integrity of the dam and to keep the dam functioning into the future. These types of repairs can be expected to extend the life of the dam.


Utility Fund Revenue/Reserves100,00009,000,0009,000,000018,100,000

Total100,00009,000,0009,000,000018,100,000


Design100,0000000100,000

Construction009,000,0009,000,000018,000,000

Total100,00009,000,0009,000,000018,100,000


This project is not expected to significantly impact operational costs.

Water Tank Repairs

Project NameWater Tank Repairs

Department:PW/Water

Description:

This project will resurface and repair the water tanks within our system over the next several years in order to extend the life of the tanks. 2019 - The Ski Hill 2 and Shadows Water tanks require some rehabilitation to extend the life of the tank.


Utility Fund Revenue/Reserves700,000316,2500001,016,250

Total700,000316,2500001,016,250


Construction700,000316,2500001,016,250

Total700,000316,2500001,016,250



Technology Upgrades

Project NameTechnology Upgrades

Department:PW/Water

Description:

This project is to upgrade the technology on the existing system. These improvements include modern controls and remote monitoring of the system to allow water operators to more efficiently and effectively run the water system and keep the system up to date.


Utility Fund Revenue/Reserves225,000150,0000500,000205,0001,080,000

Total225,000150,0000500,000205,0001,080,000


Construction/Installation225,000150,0000500,000205,0001,080,000

Total225,000150,0000500,000205,0001,080,000


This project is an ongoing upgrade to existing systems that really reduces the amount of staff time needed to operate the plant and system. The net result is that these improvements allow staff to perform their jobs more efficiently which frees up time to take on other tasks. There are not any direct operational cost impacts.

Water Meter Upgrades

Project NameWater Meter Upgrades

Department:PW/Water

Description:

The water meters throughout Town were replaced in 2006 and the life of the battery and register were expected to last for 10 years. This project would replace the battery and register of the meters in Town so that they will provide accurate water usage information.


Utility Fund Revenue/Reserves700,000700,000700,000002,100,000

Total700,000700,000700,000002,100,000


Construction700,000700,000700,000002,100,000

Total700,000700,000700,000002,100,000



CT Station

Project Name:CT Station

Department:PW/Water

Description:

During the Town's 2014 Sanitary Survey, it was discovered that chlorine is being monitored at the wrong location in the system. This station addresses this deficiency by monitoroing chlorine just prior to the first customer. Additionally, it will provide a backflow device so when the north plant is online, it won't backfeed into the Tarn clearwell. Lastly, it provides a mechanism to drain the Tarn 24" transimssion line if the plant is shut down for extended periods of time.


Utility Fund Revenue/Reserves400,0000000400,000

Total400,0000000400,000



Total400,0000000400,000



course equip

Project NameCourse Equipment

Department:Golf Maintenance

Description:

Ongoing equipment replacement program for all of the golf course maintenance equipment. Note: Golf course maintenance equipment is not in the Town garage fund and the equipment list will be established prior to the final budget

NewCost


Current Revenues160,000160,000163,200166,464169,793819,457

Total160,000160,000163,200166,464169,793819,457


Acquisition160,000163,200166,464169,793173,189659,457

Total160,000160,000163,200166,464169,793659,457

course imp

Project NameCourse Improvements

Department:Golf Maintenance

Description:

The project fund improving the existing course as outlined in the Master plan performed by the Golf staff. These improvements include: Bunker Repair, Change Tee Irrigation, Trees, Shrubs.


Revenues/Reserve10,00010,00010,00010,00010,00050,000

Total10,00010,00010,00010,00010,00050,000


Construction10,00010,00010,00010,00010,00040,000

Total10,00010,00010,00010,00010,00040,000

cart repl

Project NameCart Replacement

Department:Golf Operations

Description:

Our cart fleet typically is turned over every 4 years. Proposed replacement in 2021 includes 3 beverage carts and 1 driving range cart. This number also includes applicable sales tax.


Revenue/Reserve103,250103,250413,000106,347106,347832,194

Total103,250103,250413,000106,347106,347832,194


Acquisition103,250103,250413,000106,347106,347832,194

Total103,250103,250413,000106,347106,347832,194

Clubhouse Improvements

Project NameClubhouse Improvements

Department:Golf Operations

Description:

This project is to remodel the existing clubhouse to upgrade the finishes and reinvest in the infrastructure.


Revenue/Reserve053,00000053,000

Total053,00000053,000



Total053,00000053,000

Dynamic Wayfinding 1,000,000 1,500,000 500,000 - - 3,000,000 S.Park Ave & Main Street Roundabout 250,000 250,000 - - 7,000,000 7,500,000 F-Lot Pedestrian Connection Improvements 200,000 2,000,000 - - - 2,200,000 B11 Parking- School Parcel 400,000 - - - - 400,000 River Walk Repairs 137,500 137,500 137,500 - - 412,500 Transit Stop Shelters 150,000 - - - - 150,000 Pedestrian Corridor Lighting 200,000

IX. FUNDING DECISIONS (5:30-5:45 pm) … · IV. LUNCH (12:30-1:00 pm) V. FIBER INFRASTRUCTURE...

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Transcript of IX. FUNDING DECISIONS (5:30-5:45 pm) … · IV. LUNCH (12:30-1:00 pm) V. FIBER INFRASTRUCTURE...