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2020 CIP – Page 1 <br />MEMORANDUM <br />To: Mayor Walsh and Orono City Council <br />From: Dustin Rief, City Administrator <br />Subject: Building and Community Investment CIP <br />Date: October 12, 2020 <br /> <br />Attachments: Budget Information <br /> <br /> <br />The Streets CIP and Stormwater CIP information and correlating fund balance information is <br />provided for discussion. <br /> <br />Issues for discussion: <br /> <br />• Streets Capital Improvement Plan- The 2021 Streets CIP is projected to cost <br />$1,123,570 to be paid from the 2021 Levy of $750,000 and 2020 unexpended <br />budget items and revenue overages. The projected fund balance for the end of <br />2020 is $0 for the Street fund and $0 for MSA roads <br /> <br />• Stormwater Capital Improvement Plan- The 2021 Stormwater CIP is projected <br />to cost $536,150. Much of this work is in conjunction with road projects. The 2020 <br />Year end fund balance is projected to be $1,300,000. <br /> <br /> <br />