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CQMMUMTY 01y of <br /> CWHON M P"equot <br /> INSTITUTE LAes.�. . <br /> NEW BUSINESS <br /> Agenda Item: 8(c) Capital Obligations Inventory <br /> Background Information: The economic development, transportation and <br /> infrastructure sections of the Comprehensive Plan contain the following implementation <br /> strategy: <br /> Perform an inventory and life-cycle analysis of all public infrastructure <br /> maintained by the City. Use this to create a capital improvements plan that <br /> provides for ongoing maintenance of public infrastructure. <br /> To implement this strategy, we recommend focusing on the roads and streets portion of <br /> the City's infrastructure in 2011. The Roads and Streets Department has a list of roads <br /> within the City with corresponding financial information and condition for some of <br /> them. <br /> Between now and the May meeting, Staff will work together to come up with a standard <br /> approach to the current inventory and identify any gaps that exist. <br /> For subsequent meetings,we would seek to use this data to: <br /> - Project estimated future costs <br /> - Project a timeframe for necessary improvements <br /> - Discount values to create an annualized financial estimate of the City's <br /> obligations <br /> - Contrast the obligations to the corresponding land area served <br /> Once we have completed this analysis for the roads and streets,we can use the approach <br /> for the utility systems and other public facilities. <br /> Pequot Lakes Staff Report 8(c)-1 <br /> April 28,2011 <br />