capital improvement planning & funding cip seminar.pdffunding for capital projects...

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CAPITAL IMPROVEMENT CAPITAL IMPROVEMENT PLANNING & FUNDINGPLANNING & FUNDINGPLANNING & FUNDINGPLANNING & FUNDING

CAPITAL IMPROVEMENT PLANNING & FUNDING

Stuart I Brown AssociatesStuart I Brown AssociatesStuart I. Brown AssociatesStuart I. Brown Associates

• Municipal planning and grants consulting services for more than 35 years

• Assist municipalities obtain financial aid (Over $400 million to date)aid (Over $400 million to date)

• Assist municipalities to prepare various types of plans and feasibility yp p ystudies

CAPITAL IMPROVEMENT PLANNING & FUNDING

Today’s AgendaToday’s AgendaToday s AgendaToday s Agenda

• The how’s and why’s of Capital Improvement Planning

• Sources of funding for capital projects

• Questions and answers

CAPITAL IMPROVEMENT PLANNING & FUNDING

What is a Capital Project?What is a Capital Project?What is a Capital Project?What is a Capital Project?

a. Any physical betterment or improvement including y p y p gfurnishing, machinery, apparatus or equipment when first constructed or acquired,

ORORb. Any preliminary studies and surveys related to any physical betterment or improvement,

ORc. Acquisition of lands or rights of way,

ORd. Any combination of the above.

CAPITAL IMPROVEMENT PLANNING & FUNDING

CAPITAL IMPROVEMENT PLAN (CIP)CAPITAL IMPROVEMENT PLAN (CIP)h ? h h b fi ?h ? h h b fi ?Why prepare a CIP?  What are the benefits?Why prepare a CIP?  What are the benefits?

1. To maximize potential to obtain financial aid

2. To see and understand the BIG PICTURE

3 To avoid disruptions in critical services3. To avoid disruptions in critical services

4. To make informed decisions and to ensure the prudent use of public fundsuse of public funds

5. To avoid large financial impacts on tax payers

bl h6. To establish project priorities

7. To ensure continuity over time

CAPITAL IMPROVEMENT PLANNING & FUNDING

Elements of a Capital Improvement PlanElements of a Capital Improvement PlanElements of a Capital Improvement PlanElements of a Capital Improvement Plan

1 Six (6) year horizon1.   Six (6) year horizon.

2. Descriptions of the proposed projects.

3. Cost estimates of the proposed projects.

CAPITAL IMPROVEMENT PLANNING & FUNDING

Elements of a Capital Improvement PlanElements of a Capital Improvement PlanElements of a Capital Improvement PlanElements of a Capital Improvement Plan

4 Proposed methods of financing:4. Proposed methods of financing:a. Direct budgetary appropriationsb Capital reserves (Savings Account)b. Capital reserves (Savings Account)c. Long‐term debt (bonds) or BANS & Period of 

Probable Usefulness (PPU)d. Federal and/or State grants

5 Fiscal impact on operating costs for 3 years following5. Fiscal impact on operating costs for 3 years following project completion.

CAPITAL IMPROVEMENT PLANNING & FUNDING

CAPITAL IMPROVEMENT PLANNING & FUNDING

CAPITAL IMPROVEMENT PLANNING & FUNDING

CAPITAL IMPROVEMENT PLANNING & FUNDING

CAPITAL IMPROVEMENT PLANNING & FUNDING

CAPITAL IMPROVEMENT PLANNING & FUNDING

Funding for Capital ProjectsFunding for Capital ProjectsFunding for Capital ProjectsFunding for Capital Projects

InfrastructureInfrastructure BuildingsBuildings

Parks, TrailsParks, Trails DowntownsDowntownsParks, TrailsParks, Trails DowntownsDowntowns

CAPITAL IMPROVEMENT PLANNING & FUNDING

Funding for Capital ProjectsFunding for Capital ProjectsInfrastructureInfrastructure

1. Community Development Block Grant

2 USDA R l Utilit S i2. USDA Rural Utility Services

3. NYS Environmental Facilities Corporation Water and SewerCorporation Water and Sewer

4. Water Quality Improvement5. Green Infrastructure

CAPITAL IMPROVEMENT PLANNING & FUNDING

Funding for Capital ProjectsFunding for Capital ProjectsInfrastructureInfrastructure

l• Preliminary Engineering Report• Scope

C t• Cost

• Feasibility

• Fiscal ImpactFiscal Impact

• Combine Funding

CAPITAL IMPROVEMENT PLANNING & FUNDING

Funding for Capital ProjectsFunding for Capital Projects

Community Development Block Grant

Infrastructure Infrastructure –– CDBGCDBG

Community Development Block Grant Program (CDBG)*• Annual CompetitiveAnnual Competitive

• $600,000 Municipalities

• $750,000 Counties

• $900,000 Joint/Shared Infrastructure

• Water, sewer, storm, flood control 

• 51% Low to Moderate Income Benefit• 51% Low to Moderate Income Benefit

• Public Health need

CAPITAL IMPROVEMENT PLANNING & FUNDING

Funding for Capital ProjectsFunding for Capital Projects

• Water & Sewer (Rural Utility Service)

Infrastructure Infrastructure –– USDA Water & SewerUSDA Water & Sewer

Water & Sewer (Rural Utility Service)

• Low‐Interest Loans (with grants) 

• Eligibility: (2000 Census)Eligibility: (2000 Census)• Population < 10,000

• Median Household Income (MHI) ≤ ( )$50,559

• Rolling basis• Initial application

• Final application

CAPITAL IMPROVEMENT PLANNING & FUNDING

Funding for Capital ProjectsFunding for Capital Projects

NYSEFC DWSRF and CWSRF Funding*

Infrastructure Infrastructure –– NYSEFC Drinking & Clean WaterNYSEFC Drinking & Clean Water

NYSEFC DWSRF and CWSRF Funding• EPA Funding; State Allotments• DWSRF: Grants up to 75% and/or low‐

interest loans• CWSRF: Low‐interest loans only• 20‐years (30 years hardship)20 years (30 years hardship)

CAPITAL IMPROVEMENT PLANNING & FUNDING

Funding for Capital ProjectsFunding for Capital Projects

Water Quality Improvement

Infrastructure Infrastructure ––Water Water Quality ImprovementQuality Improvement

Water Quality Improvement Program (New York State)• Reduce polluted run‐off, improve 

water quality, restore habitat• Projects

• Salt BarnsSalt Barns• Wastewater Treatment• Combined Sewer Outflow• Habitat RestorationHabitat Restoration

• Funding: 75‐85%, up to $5 million

CAPITAL IMPROVEMENT PLANNING & FUNDING

Funding for Capital ProjectsFunding for Capital ProjectsInfrastructure Infrastructure –– Green Infrastructure GrantsGreen Infrastructure Grants

Green Infrastructure Grant Funding• Storm water management• Reduce run off into storm sewer• Reduce run‐off into storm sewer• “Green Infrastructure” (Permeable 

pavement, bioswales, etc.)• $750,000 Construction• 10% match

CAPITAL IMPROVEMENT PLANNING & FUNDING

Funding for Capital ProjectsFunding for Capital Projects

• Community facilities and equipment: 

Buildings Buildings –– USDA Community Facilities LoansUSDA Community Facilities Loans

y q p

• Town & Village Halls• DPW and Highway Garages • Fire Halls • Community Centers

• Population: < 20,000

• Loan with small grants

• Term based on Period of Usefulness

CAPITAL IMPROVEMENT PLANNING & FUNDING

Funding for Capital ProjectsFunding for Capital Projects

• Historic Buildings

Buildings Buildings –– NYS Environmental Protection FundNYS Environmental Protection Fund

Historic Buildings 

• National Historic Register Building

• $400 000• $400,000

• Acquisition or Repairs

• 50% match (25% poorer communities)

• Historic Structure Reportp

• Scope• Cost Estimates

CAPITAL IMPROVEMENT PLANNING & FUNDING

Funding for Capital ProjectsFunding for Capital Projects

• Energy Efficiency

Buildings Buildings –– NYSERDANYSERDA

Energy Efficiency

• Lighting• HVAC• Electrical Systems

• New Construction

• Existing Buildings

E Effi i St di• Energy Efficiency Studies

CAPITAL IMPROVEMENT PLANNING & FUNDING

Funding for Capital ProjectsFunding for Capital ProjectsParks and Trails Parks and Trails –– NYS Environmental Protection FundNYS Environmental Protection Fund

• $400,000

• 50% match (25% for poorer communities)

• Concept Plan• Cost Estimates

• Site Plan

CAPITAL IMPROVEMENT PLANNING & FUNDING

Funding for Capital ProjectsFunding for Capital Projects

• NY Main Street*

DowntownsDowntowns

• NY Main Street*• $60,000 Streetscape

• Planters benches decorative• Planters, benches, decorative sidewalk, etc.

• Local Waterfront Revitalization Program*

• Designated Waterway

• 50% match

CAPITAL IMPROVEMENT PLANNING & FUNDING

Funding for Capital ProjectsFunding for Capital Projects

f f l

Relationship to Capital Improvement PlanRelationship to Capital Improvement Plan

• Benefits of Capital Improvement funding:

• Tax burden feasibility number of• Tax burden, feasibility, number of beneficiaries

• Capital Improvement Planning advances grant applications:

• Description, need, cost / fiscal ImpactImpact

• Readiness

CAPITAL IMPROVEMENT PLANNING & FUNDING

Contact InformationContact InformationContact InformationContact Information

• THANK YOU !

• CONTACTS• Bill Reemtsen, (585)295‐6637, breemtsen@labellapc.com

• Ed Flynn (585) 295‐6285, eflynn@labellapc.com

• Office (585) 223‐3430

CAPITAL IMPROVEMENT PLANNING & FUNDING

ROCHESTER300 S S R h NY 14614300 State Street, Rochester, NY 14614585.454.6110

BUFFALOOlympic Towers, 300 Pearl Street, Ste 325, Buffalo, NY 14202716.551.6281

CORNING23 West Market Street, Ste 002, Corning, NY 14830 607.654.7399

HORNELL20 Seneca Street, Hornell, NY 14843607.324.0222

ITHACABank Tower Building, 202 The Commons, Ste 303, Ithaca, NY 14850 607.319.4136 

CAPITAL IMPROVEMENT PLANNING & FUNDING