2024-2028 Capital Improvement Plan

CAPITAL IMPROVEMENT PLAN 2024-2028

PROJECT FUNDING GUIDELINES PROJECT TYPE

% OF CITY FUNDS - 2024

% OF CITY FUNDS - 2022

CHANGE

Neighborhood Overlay

50%

0%

+50%

Local Reconstruction

70%

40%

+30%

Regional Reconstruction

30%

20%

+10%

Sidewalk Gap Projects

0%

0%

-

Green Field Development

0%

0%

-

Rehabilitation

100%

100%

-

Buildings/Facilities

100%

100%

-

After applying % of City Funds, remaining project costs will be funded with special assessments, grants, and/or other sources.

To reduce specials, City will seek grants or outside funding through eligible programs.

This funding baseline follows the City's Guiding Principles, adopted in Fall 2021.

FUNDING USES 2024-2028 Uses

Total

Percentage

CIP - Infrastructure

$203,364,944

83.94%

Infrastructure includes Transportation, Street, Sewer, and Water Projects led by the City’s Engineering Department.

CIP - Public Works

$17,235,000

7.11%

Public Works includes Street, Sewer, and Water Projects led by the City’s Public Works Department

CIP - Buldings

$9,350,000

3.86%

Building Projects include 2024 New City Hall Fit Up and future upgrades to Public Works Facilities

CIP - IT

$1,531,500

0.63%

IT Projects include software, hardware, and security updates to City Buildings and/or infrastructure

CIP - Planning/ED

$1,170,000

0.48%

Planning/Economic Development includes capital projects in West Fargo’s Downtown District

Go Bond Payment

$960,000

0.40%

Final Payment of 2009 General Obligation Bond

CIP - Library

$150,000

0.06%

Library includes facility improvements at the West Fargo Public Library

Misc.

$8,500,000

3.51%

Funds includes for miscellaneous, unforeseen projects

Total

$242,261,444

100%

FUNDING SOURCES 2024-2028 Sources

Total

Percentage

Sales Tax

$62,589,077

27.36%

Special Assessments 18.3% Sales Tax 27.4%

Misc.

6.5%

Federal Funding

$88,579,590

38.72% Prairie Dog Funding 9.2%

State Funding (Prairie Dog)

$21,000,000

9.18%

Special Assessments

$41,826,900

18.28%

Federal Funding 38.7%

Special Assessment Use has decreased from 27.44% in 2022 CIP to 18.28% in 2024 CIP.

Misc. Funding

Total

$14,771,000

$228,766,567

6.46%

100%

Capital Improvement Sales Tax is used for all projects, less $150,000 in Economic Development Sales Tax used.

The 2022 CIP allocated appx. $27.5 million of water and sewer funds for capital projects, assuming an increase in utility rates. There has not been an increase, so those funds are not available for capital projects and are not included in the 2024 CIP. Federal and State Funding is potential based on availability and application. Prairie Dog funding is dependent on the amount of collected Oil & Gas Extraction Tax.

5 Year Funding Overview

State and Federal Funding may be contingent on program continuation and grant application status.

PROJECT STATUS LEGEND CIP CODE

STATUS

NS

NOT STARTED

P/S

PRELIMINARY AND/OR SCOPING

S/D

DESCRIPTION

PROJECT COST ACCURACY

Needed work has been identified and project is only conceptual.

PRELIMINARY ESTIMATE

Project scope and tasks necessary for completion identified.

PROBABLE COST NARROWED

STUDY AND/OR DESIGN

Plans and specifications finalized. Bids are advertised.

STATEMENT OF ESTIMATED COST

CA

CONSTRUCTION ADMINISTRATION

In-House staff and/or contractors will complete the project.

PROJECT COSTS FINALIZED

SC

SUBSTANTIALLY COMPLETE

Final payments, special assessments certification process and/or other close-out items still pending.

FINAL PAYMENTS MADE

X

CLOSED

All work is done and paid. Special assessments certified and levied.

PROJECT OVERVIEW 2024

*As of July 1, 2024 - Project List and Costs Subject to Change

PROJECT OVERVIEW 2025

*As of July 1, 2024 - Project List and Costs Subject to Change

PROJECT OVERVIEW 2026

*As of July 1, 2024 - Project List and Costs Subject to Change

PROJECT OVERVIEW 2027

*As of July 1, 2024 - Project List and Costs Subject to Change

PROJECT OVERVIEW 2028

*As of July 1, 2024 - Project List and Costs Subject to Change