Agenda Date: 09/09/2025
Subject:
Title
Long-Term Capital Financing discussion
Body
From:
James L. Becklenberg, City Manager
Prepared by:
Adrienne Burton, Director of Major Projects
Presentations:
Adrienne Burton, Director of Major Projects
Brent Soderlin, Director of Public Works & Utilities
Rachel King, Director of Economic Development
PURPOSE:
To provide City Council with updates on major projects, illustrate the City's financing capacity, and introduce a long-term capital planning framework. This discussion is intended to guide Council's consideration of how best to balance immediate project needs with strategic, long-term planning, fiscal responsibility, and community priorities.
LONG-TERM OUTCOME(S) SERVED:
High-Quality Governance; Fiscal Sustainability; Vibrant Community and Economic Vitality
DISCUSSION:
Council guidance to date emphasizes:
* Flexibility: Caution with debt service to preserve future capacity.
* Sound Investment: Prioritize readiness and long-term economic potential.
* Preservation: Maintain a healthy, sustainable 3A fund to endure downturns.
Major Project Updates
The City has identified several high-priority capital projects because they represent critical opportunities to invest in the City's future while addressing immediate operational and community needs. Together, these projects illustrate how strategic investments can balance core service delivery, economic vitality, and community identity-while also serving as near-term examples of how financing choices and prioritization shape the City's long-term capital roadmap.
* Belleview Service Center (Buildings 2 & 3): The Belleview Service Center is a crucial hub for municipal operations, supporting essential services such as public works, fleet maintenance, and infrastructure management. Buildings 2 and 3 are beyond their useful life and have been identified for replacement. The City is proceeding with issuing a Request for Proposal (RFP) for a Basis of Design to establish the...
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