HomeMy WebLinkAbout[06b] EDA Capital Budget 2019 Capital Expenditures
General Fund Capital Improvement Plan-EDA
EDA Recommended:
draft as of August 20,2018
12/31/2017
Available through 7/31 through 7/31
Project Project Reserve Budget Grants/Aids Spent 2018 Budget 2019 Budget Budget Budget Budget
Department Account Code Number Equipment Balance 2018 2018 2018 Balance 2019 Balance 2020 2021 2022 2023
EDA 150-46500-582 EDA-1401 Computer Software 1,898.58 500.00 2,398.58 500.00 2,898.58 500.00 500.00 500.00 500.00
EDA 150-46500-588 EDA-1402 Business Development - 56,100.00 (5,000.00) 18,083.70 33,016.30 44,100.00 77,116.30 50,000.00 55,000.00 60,000.00 65,000.00
250-46500-588 EDA-1402 Business Development 136,713.66 - - - 136,713.66 - 136,713.66 - - - -
- 56,100.00 (5,000.00) 18,083.70 33,016.30 44,100.00 77,116.30 50,000.00 55,000.00 60,000.00 65,000.00
TOTAL EDA CIP 198.5E 56,600.00 5000.00 18 083.70 35,414.85 44,600.00 80,014.88 50 .00 55,5M.00 60 500.00 65 500.00
2018-moved$5,000 budget to Greater St.Cloud Partnership dues
EDA4
yuvlq lfal dllvuouualul a8vd still
EDA-1401
CITY OF ST. JOSEPH
CAPITAL IMPROVEMENT PLAN
2019 - 2023
PROJECT TITLE: Computer Software TOTAL COST: $1,500.00
2019 BUDGET: $500.00 PROJECT CATEGORY Computer Software
DESCRIPTION:
JUSTIFICATION: Account Code: E150-46500-582
As the City continues to expand the commercial and industrial development, computer software will be needed
to keep up with tracking the economic development. An annual software budget is included to keep up with
the development.
PROJECT COSTS AND FUNDING SOURCES BY YEARS:
Project Funding Prior
Source Years 2019 2020 2021 2022 2023 Total
0.00
0.00
EDA 2,398.58 500.00 500.00 500.00 500.00 500.00 4,898.58
0.00
0.00
PROJECT COSTS
PROJECT STARTING DATE: 2007 Preliminaries
Land Acquisition
PROJECT COMPLETION DATE: ongoing Construction
Equipment and Other 4,898.58
NEIGHBORHOOD: Total $4,898.58
Approved by Council on Approved_ Denied Tabled
Presented to the EDA on Approved — Denied Tabled
Comments
Approval to Purchase Date Authorizing Initials Date
EDA-2
EDA-1402
CITY OF ST. JOSEPH
CAPITAL IMPROVEMENT PLAN
2019 - 2023
PROJECT TITLE: Business Development TOTAL COST: varies
2019 BUDGET: $44,100.00 PROJECT CATEGORY: EDA Programs
DESCRIPTION: Business Development
JUSTIFICATION: Account Code: E15046500-588
The goal of this budget item is to grow business within the City of St. Joseph through participation in projects
that require assistance to move forward. CIP funds would be used for viable projects with increased costs due to
specific variables. In the past the EDA used this fund to help smaller projects negotiate the paper-intensive TIF
process,and used it to assist with contamination abatements. The EDA supported paying the TIF application
fees for CMCU until the increments received would cover the costs. It is estimated to be a couple years before
the EDA is reimbursed for the fees. The capital item also includes seed funding for expansion of the industrial
park.
PROJECT COSTS AND FUNDING SOURCES BY YEARS:
Project Funding Prior
Source Years 2019 2020 2021 2022 2023 Total
0.00
Revolving Loan 136,713.66 136,713.66
EDA 33,016.30 44,100.00 50,000.00 55,000.00 60,000.00 65,000.00 307,116.30
0.00
0.00
PROJECT COSTS
PROJECT STARTING DATE: 2010 Preliminaries
Land Acquisition
PROJECT COMPLETION DATE: ongoing Construction
Equipment and Other 443,829.96
NEIGHBORHOOD: Total $443,829.96
Approved by Council on Approved_ Denied Tabled
Presented to the EDA on Approved_ Denied Tabled
Comments
Approval to Purchase Date Authorizing Initials Date
EDA-7