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AGENDA ITEM #10.3 <br /> c��► Qf <br /> Pequot <br /> Lakes= <br /> REPORT TO CITY COUNCIL <br /> Report Prepared by: Nancy Malecha <br /> Date: May 5, 2020 <br /> Subiect: 2021 Preliminary Budget Discussion <br /> Report: At the Apri17t'' City Council Meeting, the Council tabled the directive <br /> on 2021 Preliminary Budgets. To reiterate, the 2021 Preliminary Budget process <br /> will begin in May and I am requesting Council direction before we begin <br /> compiling these budgets. The following are some of the Capital Improvement Plan <br /> items that will be considered during the 2021 budget process. <br /> • Dump/snowplow truck <br /> • Pickup truck for Public Works Department <br /> • Road improvement projects for Nelson Road, Wild Acres Road, and <br /> Akerson Road. <br /> • Overlay projects <br /> • Squad car and computer <br /> • Financial software upgrade <br /> • Bathroom in Trailside Park <br /> • Improve parking lot in Trailside Park <br /> • New light posts in Trailside Park <br /> • Replace steps at Sibley Lake Park <br /> • Replace/repair Paul Bunyan Chair at Bobber Park <br /> I am requesting that the Council continue to focus its directive on the City's tax <br /> rate versus the levy as history is showing continual increases to the City's net tax <br /> capacity while maintaining a stable tax rate. The following is a five year history of <br /> levies, net tax capacities, and tax rates. <br />