Finance Committee reviews 10‑year capital plan, highlights bike‑path grant and major equipment purchases
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Summary
Finance committee members reviewed the 10‑year capital plan and 2026 budget, emphasizing a $1,000,007.50 intergovernmental grant for a bike‑path phase, expected reimbursements, a $14.6M capital subtotal and nearly $17M in total capital projects, plus numerous equipment replacements.
City finance staff presented the draft 10‑year capital plan and the 2026 budget to the Finance Committee, highlighting intergovernmental revenues, numerous capital projects and equipment purchases.
The presentation called out a $1,000,007.50 intergovernmental grant tagged for the Phase 3 bike path between Cleveland Road and Trenton; Speaker 1 said the city could receive $1,750,000 in reimbursement if the project completes next year. Staff also listed an ODOT paving allocation (about $200,000), a $250,000 state contribution toward a hospital roundabout and Silver Road reimbursement amounts expected next year.
On equipment and facilities, staff identified roughly 51 capital items in the 10‑year plan. Major equipment items included a proposed $410,000 replacement advanced life‑support ambulance, a $100,000 community center roof replacement, server and IT infrastructure spending in the low hundreds of thousands, a 10‑ton single‑axle dump truck (~$250,000), pickup truck replacements and a leaf loader (~$100,000). Water and sewer equipment items included pumps (~$250,000) and utility trucks (~$145,000).
Staff summarized funding sources for equipment purchases as just under $600,000 from the general fund, $860,000 from the capital fund, $185,000 from the water fund and $535,000 from the sanitary sewer fund (about $2.3M total for equipment). For broader capital projects, staff listed $8.4M from the capital fund, $3.5M from the water fund, $1.5M from sanitary sewer and about $1.2M in stormwater projects for a $14.6M subtotal and just under $17M once other capital projects are included.
Speakers noted that many projects will return to the council for individual votes if costs exceed the council’s $75,000 threshold; the 10‑year plan serves as planning documentation rather than final appropriation. Several council members asked clarifying questions about timing, funding classifications (for example, why an item appeared as a TIF entry), and which projects would require separate approval.
The committee concluded discussion on the capital plan with staff available to answer follow‑up questions at future meetings; no formal votes were taken during this presentation portion.
