1. 1 Capital Improvement Program FY2010-2014 To download this presentation, visit our website: www.watertown-ma.gov

2. 2 Capital Improvement Program Overview Capital Improvement Program (CIP) includes all known capital needs, regardless of the funding source. FY10 General Fund CIP:$86,453,800 Bonding requirement:$18,212,600 FY10 Water & Sewer Ent. Funds CIP:$10,807,100 Bonding requirement:$3,134,600 Street and Sidewalk bonds of $45,500,000 listed in FY2014 are not included in the bonding requirement. The funding source of $12,301,000 of the CIP has not been determined.

3. 3 Capital Improvement Program Overview The following are the projects/items with the funding source to be determined (TBD): Watertown Square Structured Parking$5,000,000 Coolidge Square Renovation$3,000,000 Former East Branch Renovation/Reuse$1,500,000 Former North Branch Renovation/Reuse$1,100,000 Information technology Improvements$ 680,000 Existing Police Facility Renovation/Reuse$ 600,000 Multi-Service Renovation$ 250,000 Miscellaneous Department Equipment$ 121,000 Monument Restoration$ 50,000 TOTAL: $12,301,000

4. 4 Capital Improvement Program Overview In the coming months, Proposed Loan Orders will be brought forward for the following items : *Design costs only. Project cost is $4M with $2M from fundraising/grants

5. 5 Capital Improvement Program Overview Items to Note:  NESWC monies to allow annual $500,000 transfer through Fiscal Year 2012  The Capital Improvement Program submitted incorporates annual capital expenditures (exclusive of Enterprise Funds) equal to at least 7.5%-8% of the operating budget in accordance with the Fiscal Year 2010 Budget Policy Guideline adopted by the Town Council.  The Facilities Assessment Study of nineteen buildings completed in January, 2008 was utilized in development of the FY2010-2014 CIP. Improvements to buildings is consistent with the Town Council priority of not deferring maintenance and/or costs of capital items including infrastructure.  The second year of the School Department’s Technology Plan is included for funding from Overlay Surplus.

6. 6 Capital Improvement Program Overview  Street and sidewalk maintenance is one of the top priorities in the Honorable Town Council’s Fiscal Years 2009 & 2010 Budget Policy Guidelines. Within the FY2010 – 2014 CIP, $59,154,000 is designated for street & sidewalk improvements. The FY2010 General Fund Budget includes $651,670 to augment projected Chapter 90 monies. Beginning in FY1999 and including FY2010, the Honorable Town Council has approved $6,548,359 for the Street & Sidewalk Improvements appropriation, an average of $545,697 for each of the 12 fiscal years.  Funding was included in the FY2008 Budget to obtain a Roadway Management Study. The draft study indicated spending in year one of $7.3 million; year two of $6.3 million; and year three of $5.5 million would provide a tremendous increase in the quality of the Town’s roads and sidewalks.

7. 7 Capital Improvement Program Overview  Given the fiscal constraints facing the Town and the Honorable Town Council’s conceptual recommendation regarding Street & Sidewalk Improvements, the Honorable Town Council authorized a Loan order on June 24, 2008 totaling $5,300,000 to fund Street & Sidewalk Improvements and underground duct for fire alarm contained in the FY2008 CIP. The proposed future loan orders for Street & Sidewalk Improvements will be $2,500,000 in FY2010 and $5,000,000 in FY2012.

8. 8 Capital Improvement Program Overview Proposed Loan Orders are planned to be brought forward in Fiscal Year 2010 for the following: * Project cost is $4M with $2M from fundraising/grants.

9. 9 Capital Improvement Program Overview In addition to the above mentioned Capital Projects and items, continuing discussion is planned with the Honorable Town Council on the following items:  Reuse of Town Buildings  Record Storage  Recreation and Open Space Improvements/Opportunities  Structured Parking in Watertown Square  Additional Parking Needs

10. 10 FY2010-2014 CIP Funding Sources Summary DESCRIPTIONTOTALS FY ’10 FY ‘11 FY ’12FY ‘13 FY ’14 BONDS EQUIPMENT2,105.3403.01,098.3439.0165.00.0 REMODELING8,607.33,677.31,480.0850.01,675.0925.0 BOND TOTAL10,712.64,080.32,578.31,289.01,840.0925.0 OTHER CHAPTER 90 FUNDS1,007.3182.3191.4201.0211.0221.6 STREET BONDS42,400.02,000.00.04,000.00.036,400.0 SIDEWALK BONDS10,600.0500.00.01,000.00.09,100.0 TAX REVENUE6,932.9880.61,048.21,122.41,118.32,763.3 OVERLAY SURPLUS500.0 0.0 FUNDRAISING/GRANTS2,000.0 0.0 TO BE DETERMINED12,301.02,771.08,850.0250.0255.0175.0 OTHER TOTAL75,741.28,833.910,089.66,573.41,584.448,659.9 TOTAL86,453.812,914.212,667.97,862.43,424..449,584.9 (In thousands)

11. 11 FY2010-2014 CIP Departmental Summary (In thousands) DEPARTMENT TOTALS FY ’10 FY ‘11 FY ’12FY ‘13 FY ’14 ADMINISTRATION3,872.32942.3870.0 20.0 COMMUNITY DEVELOPMENT8,000.00.08,000.0 0.0 INFORMATION TECHNOLOGY930.050.0130.0320.0255.0175.0 FIRE1175.3213.0568.0277.028.089.3 LIBRARY425.00.0 100.0325.0 POLICE274.340.094.340.060.040.0 PUBLIC WORKS6,483.04,745.01,055.0286.0271.0126.0 RECREATION1,545.0260.0465.0340.0 140.0 SCHOOL3,500.01,100.0600.0 SENIOR CENTER145.0105.0 10.0 SKATING ARENA950.0125.00.050.0775.00.0 STREETS & SIDEWALKS59,154.03,334.0875.65,919.4965.448,059.6 TOTAL86,453.812,914.212,667.97,862.43,424.449,584.9

12. 12 FY2010 & FY2011 Bond by Department

13. 13 FY2010 & FY2011 Bond by Department

14. 14 FY2010-2014 CIP Funding Source – To Be Determined DEPARTMENTDESCRIPTION AMOUNT (thousands) ADMINISTRATIONRenovation/Reuse Existing Police Facility600.0 Multi-Service Center Renovation250.0 Renovation/Reuse former East Branch Library1,500.0 Renovation/Reuse former North Branch Library1,100.0 Coolidge Square Design & Renovation3,000.0 Watertown Square Structured Parking5,000.0 INFORMATION TECHNOLOGYData Center Needs250.0 Telephone System350.0 Document Management Server80.0 FIRE DEPARTMENTEquipment Replacement20.0 Chief’s, Deputy’s, and Staff Vehicles (4)35.0 POLICE DEPARTMENTRadio Infrastructure/Specialized Equipment20.0 PUBLIC WORKSCentral Motors - Inspectors’ Vehicles – hybrid30.0 Central Motors - Administrative Vehicles16.0 Property/Building - Monument Restoration50.0 TOTAL12,301.0

15. 15 Debt Activity Detail: June 30, 2009 Balances

16. 16 Debt Activity Detail: Budgeted FY2010 Bond Payments

17. 17 Projected Debt Principal Totals: June 30, 2010

18. 18 FY2009-2013 CIP Debt and Interest

19. 19 FY2010-2014 Permanent Debt (page 1 of 2)

20. 20 FY2010-2014 Permanent Debt (page 2 of 2)

21. 21 FY2010-2014 Authorized Bond and BAN Debt

22. 22 FY2010 – 2014 Planned Debt (page 1 of 2)

23. 23 FY2010 – 2014 Planned Debt (page 2 of 2)

24. 24 FY2009-2013 CIP Debt and Interest

25. 25 Thank You