Capital Improvement Plan (CIP) - City of Delaware
Capital Improvement Plan (CIP) - City of Delaware
Capital Improvement Plan (CIP) - City of Delaware
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CAPITAL IMPROVEMENT PLAN<br />
MUNI<strong>CIP</strong>AL SERVICES IMPACT FEE FUND<br />
2009-2013<br />
2009 - 2013 2009 2010 2011 2012 2013<br />
BALANCE FORWARD 466,766 467,266 417,766 343,266 268,766<br />
REVENUES:<br />
Impact Fees 200,000 150,000 125,000 125,000 125,000<br />
Bond/Note Proceeds - Justice Center -<br />
Bond/Note Proceeds - Public Works Garage<br />
TOTAL REVENUES 200,000 150,000 125,000 125,000 125,000<br />
EXPENDITURES:<br />
DEBT SERVICE<br />
Public Works Facility ($1,404,000 20yrs.) 103,500 103,500 103,500 103,500 103,500<br />
Justice Center ($1,200,000 20yrs.) 96,000 96,000 96,000 96,000 96,000<br />
TOTAL EXPENDITURES 199,500 199,500 199,500 199,500 199,500<br />
IMPACT FEE BALANCE 467,266 417,766 343,266 268,766 194,266<br />
PURPOSE: The Municipal Services Fund identifies future projects and equipment purchases<br />
necessary for operation <strong>of</strong> the <strong>City</strong>'s Various Departments. In 2006 the <strong>City</strong> enacted a Municipal<br />
Services Development Impact Fee <strong>of</strong> $366 per single family residential unit and approximately<br />
$350 per 1000 s.f. <strong>of</strong> non-residential development. These funds must be spent on Municipal<br />
facilities made necessary by the growth <strong>of</strong> the <strong>City</strong>. The impact fees cannot be spent on<br />
replacement <strong>of</strong> existing equipment or on replacement <strong>of</strong> equipment purchased with impact fee<br />
resources.<br />
FUNDING SOURCES: Municipal Facilities Impact Fees.<br />
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