Finance: Audio: Review of 5 Year Capital Plan Begins; Changes; Questions

Audio; Evansville Finance Committee: Thursday, Sept 4, 2008; Beginning Review of 5 Year Capital Plan; Initial Discussion, changes. clarifications, questions--


MP3 File

Last night at the Evansville Finance Committee meeting, Dan Wietecha began by mentioning that the five year capital plan was simply a gathering together of the wish lists of the departments, and before any cutting. In just a glance, the 2009 Capital Funding request was 8.7 million dollars, so there was an awareness that there was some urgent need to delay some projects to the future.

The Library---moved to 2013. Dan Wietecha mentioned that this project that would cost about 2.5 million was not feasible to be done earlier and the speculation about it was causing confusion among folks.

The Roundabout/Bypass lane on East side----$300M plus and committee felt it was not realistic to put this in for 2009 since the developers showed little interest at the present to act.

The EMS remodeling---$380M delayed to future for discussion.

On Police Squad cars---three cars plus SUV--still only one would be replaced each year. Would be a problem if that changed to replace quicker.

Clarification of GO General Obligation debt capacity----The video of Greg from Ehlers and Asssociates that discussed debt capacity occured at a time when it was assumed that the city would borrow 2 million for the biodiesel plant---since then that loan has been repaid---thus freeing up additional borrowing capacity---thus, the theory would be to use that borrowing capacity to fund Lake Leota restoration. City Administrator Dan Wietecha stated that in the end, the positon of the city would be about the same or 50% of GO capacity, and would have the capacity to meet emergency needs, but at the same time, the budget would be tight.

All these matter are covered in the uncut audio above. Enjoy.