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Alpine lays out FY2027 capital plan: fire station, water bonding and landslide mitigation among priorities
Summary
Council reviewed FY2027 project priorities including continued funding for the fire station design, a proposed $9M revenue bond for water projects (Heritage Hills well, booster station and piping) with estimated $600K annual debt service to be covered by enterprise funds, and $500K placeholder for 3 Falls landslide mitigation. Council asked for clearer fund balances and a prioritization matrix.
City staff presented a draft list of FY2027 capital projects on April 14 and discussed next‑step financing recommendations, including bonding for a portion of the fire station and a multi‑million-dollar package of water projects.
Staff said $3 million has already been budgeted toward the fire station and recommended budgeting an additional $500,000 from the general fund and bonding roughly $2 million to complete the financing. "We budgeted $3,000,000 in FY '26... I'm suggesting that we budget $500,000 from the general fund," staff said, noting a potential $2,000,000 bond to finish the project.
On water, the administration described a $9 million bond scenario over 25 years with an estimated $600,000 annual payment to fund a Heritage Hills well, a 400 West booster station and associated piping. Staff said those debt payments would be treated as enterprise obligations and paid from utility rates rather than property taxes.
Council members pressed for a clear accounting of restricted versus unrestricted balances in the city's capital-improvement fund and asked staff to prepare a prioritization matrix. "If we know how much money we have available, we can rank these projects and give you direction," a councilmember said, urging a transparent ranking tied to funding sources.
Council also discussed the 3 Falls landslide mitigation, a previously set-aside capital project with an estimated cost of $500,000 in the CIP. Staff said consultant work and design will be needed before construction, and that funds currently exist in the capital fund as a rollover item.
What’s next: Staff will provide a project-by-project funding breakdown, show restricted fund balances, and present updated estimates and bonding parameters for council review as the tentative and final budget process proceeds.
