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Board reviews capital list; $6.1M bond proceeds earmarked while major road and facility projects await bids
Summary
Staff presented a capital list showing $6.1 million in existing bond proceeds available and identified major projects — Waldron/Walden Road widening, Blair Road West extension, a $4.5 million public works/CDS facility buildout and a police facility likely requiring another bond — while many project costs remain unbidded.
At the April 9 budget workshop, city staff reviewed the capital-items list and told the Board of Mayor and Aldermen that roughly $6.1 million in existing bond proceeds remain available to cover several projects.
"As of the end of August, we still had almost $6.2 million in the existing bond amount," Bruce Richardson said, noting the figure does not include the bond issue for the Waldron/Walden Road and Blair Road West projects.
Major projects identified on the capital list include a planned extension of Blair Road West and a South Waldron/Walden Road widening. Richardson cautioned the board that Waldron/Walden costs are not yet bid: "we've not bid out the Waldron Road project, so we don't know what the total cost of that project will be yet." The board discussed that any second bond issue to finance additional large projects would have fiscal consequences for the general fund and could require a property-tax increase next year.
Other items on the capital list include a $4.5 million buildout of a public works and Community Development Services (CDS) facility to move departments out of city hall, and a proposed $200,000 city-hall remodel to accommodate police department space. The fire-station 43 remodel was estimated at $1.4 million.
Staff also reviewed departmental capital requests across funds: state-street-aid paving and striping ($1.4 million), parks and recreation playground and trail work, water and sewer plant repairs and tube-settler replacement (about $1.0 million), a vacuum truck for sewer ($435,000) and equipment funded from drug or equitable-sharing funds (vehicles, radio repeaters, replacement rifles).
Richardson told the board that road impact fees are collected into the street capital fund and that indexing impact fees using the construction-cost index would increase street capital capacity but — if raised — would require a resolution and subsequent placement on the next meeting agenda.
Next steps: several projects are pending bids or grant confirmations; the board signaled interest in keeping benefits and pay discussions separate from major bond planning and asked staff to return compensation scenarios before final budget decisions.
