CAPITAL IMPROVEMENT PLANNING & FUNDING CIP Seminar.pdfFunding for Capital Projects Infrastructure...
Transcript of CAPITAL IMPROVEMENT PLANNING & FUNDING CIP Seminar.pdfFunding for Capital Projects Infrastructure...
SEMINAR ON:SEMINAR ON:
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, [email protected]
• Ed Flynn (585) 295‐6285, [email protected]
• 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