HomeMy WebLinkAbout03.10.20 DMC PresentationPresentation to Downtown Management Commission
BUDGET STATUS AND 2021 BUDGET DEVELOPMENT
MARCH 10, 2020
2020 Budget Refresh
Reduction/Clarification in General Fund transfer
Review of operational costs and efficiency
Funding of the EcoPass Program & monitoring of program impact
Commitment to Community Vitality Capital Improvement Plan
$-
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
2018 2019 2020 2021 2022 2023 2024 2025
CAGID Uses of Funds (2018-2025)
Adopted 2020 Financials
Capital
EcoPass
Operating
Personnel
Cost Allocation
Debt Payment
Projected Revenue
Updated 2020-2025 Capital Improvement Plan
PROJECT NAME PROPOSED PROPOSED PROPOSED PROPOSED PROPOSED PROPOSED
2020 2021 2022 2023 2024 2025
6400 -Central Area General Improvement District
Garage Staircase Replacement 60,000 600,000 ---
Paystation (On-street Meters) Replacement ------
Garage Exterior Brick Structure -Repair & Replacement --75,000 850,000 -
Garage Fire Suppression and Sprinkler System 150,000 250,000 250,000 ---
Parking Deck Concrete Repair -400,000 400,000 400,000 400,000 400,000
Garage Elevator Repair and Replacement -60,000 500,000 500,000
Door and Window Repair & Replacement 200,000
HVAC System Repair and Upgrades 20,000 300,000 20,000 300,000
Ceiling & Roof Repair/Replacement 25,000 350,000
Gateless System Installation -15,000 300,000
Software Enhancements (Customer Service Impr.)90,000 75,000 100,000
Interior Tenant Space Repairs & Finishes 50,000 50,000 200,000 50,000 50,000 50,000
Affordable Commercial Capital Assistance Program 100,000 100,000 100,000 100,000 100,000 100,000
Pearl Street Mall Refresh 65,000
Randolph Center Capital Improvements 419,000 200,000
St. Julien Capital Improvements 535,000
Staircase Replacement (1500 Pearl & 1100 Spruce)1,650,000
1500 Pearl Exterior Repairs 250,000
SUBTOTAL -CAGID 3,059,000 1,460,000 2,495,000 1,775,000 1,620,000 850,000
Major Policy Items: 2021 Budget Development
Pace of Capital Projects and planning for future years
Impact of parking pricing and program changes
EcoPass costs continue to increase
Alignment with CV Strategic Plan and other GIDs
May: Full 2021 draft budget –opportunity to have discussion, make changes
July: Request for approval of 2021 CAGID Budget