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02-17-2004 City Council Study Session PacketCity of Grand Island Tuesday, February 17, 2004 Study Session Packet City Council:Mayor: Jay Vavricek City Administrator: Gary Greer City Clerk: RaNae Edwards T u 7:00:00 PM Council Chambers - City Hall 100 East First Street Carole Cornelius Peg Gilbert Joyce Haase Margaret Hornady Robert Meyer Mitchell Nickerson Don Pauly Jackie Pielstick Scott Walker Fred Whitesides City of Grand Island City Council Call to Order Pledge of Allegiance Roll Call A - SUBMITTAL OF REQUESTS FOR FUTURE ITEMS Individuals who have appropriate items for City Council consideration should complete the Request for Future Agenda Items form located at the Information Booth. If the issue can be handled administratively without Council action, notification will be provided. If the item is scheduled for a meeting or study session, notification of the date will be given. B - RESERVE TIME TO SPEAK ON AGENDA ITEMS This is an opportunity for individuals wishing to provide input on any of tonight's agenda items to reserve time to speak. Please come forward, state your name and address, and the Agenda topic on which you will be speaking. MAYOR COMMUNICATION This is an opportunity for the Mayor to comment on current events, activities, and issues of interest to the community. City of Grand Island City Council Item -1 Discussion Concerning Financial Implications of Projects Relative to 1/2 Cent Sales Tax Tuesday, February 17, 2004 Study Session City of Grand Island Staff Contact: David Springer City of Grand Island City Council Council Agenda Memo From: Gary Greer, City Administrator Meeting: February 17, 2004 Subject: Financial Implications of Projects Relative to ½ Cent Sales Tax Item #’s: 1 Presenter(s): Finance Director David Springer and City Administrator Gary Greer Background On August 27, 2002 the City Council voted to put a measure on the 2004 ballot to consider a ½ cent sales tax for the purpose of expanding parks and recreational opportunities, providing for infrastructure, and property tax relief. It was determined that many important capital projects can not be funded without additional revenue and that the voters should be given the chance to approve paying for projects such as a new fire station, library expansion, law enforcement facility with expanded sales tax. A great deal of discussion has taken place on the possible ballot measure. In November of 2003 a survey was conducted to receive input from citizens concerning projects which have been suggested as needed capital projects. 613 respondents prioritized projects in the following order: 1. Construction of 3rd and Broadwell Underpass 2. Replacement of Pine Street Fire Station 3. Police/Sheriff Public Safety Center Replacement 4. Expansion of the Edith Abbott Library 5. Fire Training Facility 6. Grand Generation Center Renovation 7. Expand Island Oasis/ Replace Lincoln Park Pool 8. Reduction of Train Noise 9. Hike/Bike Trail Expansion 10. Ammunition Plant Recreation Development 11. Northwest Park Pool In order to continue the education process study sessions were conducted to go more in depth with the projects. The following projects were studied: 1. January 20th Fire Station, Fire Training Facility, Train Noise 2. February 3rd 3rd & Broadwell Underpass, Aquatics, CAAP Development Additionally, a fire Sprinkler system was approved for funding for the Grand Generation Center on February 10th. During the annual retreat on February 21st the Council will be asked to discuss each project and begin to narrow in on the final ballot language. On March 9th the final ballot language will be approved to be sent to the election Commissioner. The purpose of the February 17th Study Session is to create an understanding of the financial implications of the proposed projects to help in the process of prioritizing the use of possible sales tax receipts. Discussion Attached is a list of the aforementioned projects with the estimated total costs for each project. The figures listed include all costs and does not account for grants, cooperative agreements, or any other financing solutions. The total cost of $47,238,627 is a staggering figure that would obviously stretch the proceeds of a sales tax too far. Even though the costs listed are somewhat intimidating, it is important to understand the probable costs of moving forward. City Administration is prepared to answer any questions concerning the projects and the elements that are included in the cost estimates. Attached is also a spreadsheet that indicates the need for additional revenue. Recommendation The City Council is asked to review the information and ask any questions that may help bring focus to the impending decision concerning the ballot question. A full understanding of the costs associated with the projects will be critical in preparing the ballot language. Additionally, it will help the Council prioritize the projects in order to assure that future revenue that may be collected from a sales tax will be used to create the best return on investment. City Administration recommends that the City Council take the cost information under advisement and prepare to scale back the projects and cost to a more workable and reasonable scenario. In addition to the projects that are on the table for sales tax it is recommended that the City Council consider the possibility of creating a property tax relief element to the proposal. The recent Bond election for needed school projects indicated that voters are not in favor of expanding property tax. Further, the vote may indicate a desire for the stabilization or possible reduction of property tax asking. Sales tax brings about the possibility of accomplishing this task. "GRAND" IMPROVEMENTS ESTIMATED PROJECTS COST 1. Fire Station #1 Replacement with 5 drive through bays, land acquisition 3,338,627$ 2. Fire Training Center, 41,700sq ft on 35 acres with burn bldg,tower, & lake 7,870,000$ 3. Library Expansion, including land acquisition 8,130,000$ 4. Lincoln Park Pool Replacement 2,000,000$ 5. Northwest Park Pool 1,500,000$ 6. Island Oasis Improvements 2,000,000$ 7. CAAP Recreation Development 2,000,000$ 8. Railroad Underpass, 3rd and Broadwell 12,600,000$ 9. Public Safety Center Replacement 3,000,000$ 10. Railroad Noise Reduction, 10 crossings @ $200,000 each 2,000,000$ 11. Hiker/Biker Trail Expansion, 4 year plan 2,300,000$ 12. Grand Generation Facility 500,000$ TOTAL 47,238,627$ NEED FOR ADDITIONAL REVENUE GENERAL FUND REVENUE * Revenue growth up only 2.7% from 2000, $612,000 * Property tax and sales tax up 15% and 10% respectively since 2000 * Interest down 49%, State Aid down 32%, Motor Vehicle Tax down 24% GENERAL FUND EXPENSES * Operating Expenses up 37.9%, from 2000, over $7 million * Personnel costs up 23% from 2000, over $3 million * Economic Development up over $900,000 from 2000 * Reclassification of $1 million of street repairs to General Fund expense from Capital Projects Fund * $800,000 budgeted this year from reserves for General Fund Capital Equipment replacement General Fund Transfers Out General Fund monies needed to make up short-fall in Capital Improvement Fund Actual Actual Actual Actual Actual Actual Budget 1998 1999 2000 2001 2002 2003 2004 Projects 2,207,000 2,599,000 4,902,000 8,063,000 5,909,000 6,000,000 7,992,000 General Fund Transfers Out 1,610,000 970,000 2,013,000 4,685,000 3,350,000 35,000 2,552,000 Effect Over Time * General Fund Reserves will shrink as expenses and capital transfers exceed revenue * Capital Projects will be very limited without an additional source of revenue