ATTACHMENT 2

Description of CIP SCENARIOS OPTIONS FOR 2003-04:

Capital Improvements Fund

SCENARIOSOPTIONS

· Scenario Option A: Contractual obligations only

· OptionScenario B: 2003-04 $1.438 million budget, as originally forecast in for 2002-03 Budget

· OptionScenario C: 2003-04 CIP budget totaling $2 million

Ref #	Project	Scenario Option A	Scenario BOption B	Scenario COption C
Projects Under Contract
1	Town Operations Center:  Land Acquisition Installment Debt Payments	126,000	126,000	126,000
	Continues payments on site acquisition
10	Museum Roof Capital Repairs: Installment Debt Payments	9,000	9,000	9,000
	Council-approved installment project
2627	Infrared Rescue Cameras: Installment Debt Payments	28,000	28,000	28,000
	Last payment on contract
2829	Hargraves Center / AD Clark Capital Repairs: Installment Debt Payments	175,000	175,000	175,000
	Council-approved installment project
3031	Meadowmont School Gym Payments to Schools	238,000	238,000	238,000
	Council agreed in 2001 to pay school system $514,000 for access to gym; $238,000 payments due in 2003-04 and 2004-05
	Subtotal	576,000	576,000	576,000
Council-Approved Projects
4	Town Hall Generator Installment Debt Payments		30,000	30,000
	Council-approved installment project
8	Police Generator Installment Debt Payments		23,000	23,000
	Council-approved installment project
9	IFC Shelter Capital Repairs: Installment Debt Payments		65,000	65,000
	Council-approved installment project; reimbursement resolution approved on 9/9/02
4	Town Hall Generator Installment Debt Payments		30,000	30,000
	Council-approved installment project
8	Police Generator Installment Debt Payments		23,000	23,000
	Council-approved installment project
	Subtotal	0	118,000	118,000
Identified Additional Needs
2	Extraordinary Maintenance, Emergency Repairs		68,000	125,000
	Maintenance priority
Ref #	Project	Scenario Option A	Scenario BOption B	Scenario COption C
5	Town Hall Carpet Replacement			135,000
	Carpet replacementis 13 years old.
6	Roof Repair – Town Hall, Fire Stations #2 and #3: Installment Debt Payments		45,000	45,000
	Roof projects –help prevent water damage within buildings Public Works priorities
7	Fire Training Facilities Capital Improvement Project (2^nd Floor)			45,000
	Would install heat shielding tiles on second floor
11	Post Office/Courthouse Capital Repairs: Installment Debt Payments		225,000	225,000
	Installment debt payments on major renovations
14	Curb Repairs: ADA Compliance		25,000	25,000
	Level 3 Priority
16	Sidewalk and Bicycle Facilities		100,000	225,000 200,000
	Council priority
17	Extraordinary Maintenance-Infrastructure		15,000	85,000
	For unscheduled and immediate needsPublic Works priority
19	Small Park Improvements		50,000	100,000
	Public Works and Parks and Recreation priorityTo maintain public assets
24	Town-wide Aerial Photography Updates		30,000	30,000
	Funding for additional mapping will be reimbursed by Stormwater UtilityPayment on future contract
24	Parking Lots, Pedestrian/Bicycle Paths, Greenways Repairs		30,000	30,000
	Maintenance priority
2526	Traffic Signal System Upgrade		90,000	90,000
	Council adopted resolutions 2001-11-12/R-18, 2002-09-23/R-6; Engineering says can spread costs over two years (Scenario B); Town has requested project to be scheduled for DOT funding in 2003-04
2728	Greenways		55,000	125,000
	Council policy to use revenues from cell tower leases for greenway projects (about $55,000 /yr.)
3334	Tennis and Basketball Courts: Capital Repairs: Installment Debt Payments		41,000	41,000
	Public Works and Parks and Recreation prioritySome courts now closed due to surface damage
3435	Cemetery Beautification			1035,000
	Incremental implementation of Cemetery Master Plan
38	Public Works priorityIncremental implementation of Cemetery Masterr Plan Parking Lots, Ped/bike Paths, Greenways repairs		30,000	55,000
	SUBTOTAL	0	744,000	1,306,000
TOTALS		576,000	1,438,000	2,000,000

CHRIS – I removed the $30,000 for aerials in both B and C and added that amount to a new project, #38, parking lot, ped/bike and greenways.  I also took $25,000 from sidewalks in C and added it to #38.  You’ll need to move the line for #38 from the list of unfunded projects