State if you agree or disagree with the comments made below

State if you agree or disagree with the comments made below and why?

https://www.villageofroundlakebeach.com/323/Multi-Year-Capital-Plan

The multi-year capitol plan I found online is regarding Round Lake Beach, IL. The Village’s Multi-Year Capital Improvement Plan (CIP) is part of the long term strategic planning process. The CIP is presented annually as part of the financial planning and reporting process. Each year, Village staff meets with the Village’s Engineering consultants to update the CIP. The updated Plan is then presented to the Village Board in the fall in conjunction with the Multi-Year Financial Forecast which outlines available capital funding. The plan provides information on maintenance and replacement activities for Village facilities and 3 main systems of infrastructure; Transportation & Drainage, Water and Sanitary Sewer. The CIP is designed to focus on maintaining the Village’s existing assets as well as long range planning for upgrade and expansion as community needs evolve. The Plan is developed with input from the Village Board, Staff, and consultants.

The presentation of the plan is put together neatly, it is easy to follow based on the table of contents. The plan starts off with a section of its overview, then goes into sections based on the transportation system, water system, sanitary sewer system, and storm sewer system.

If I take a look at one of the sections, the transportation system, I see the overview, ratings and benchmarks, assumptions and approaches, funding plan, systems rating map, and maintenance and replacement plan. The Village’s Transportation System is comprised of 80 center lane miles of roadway with much of it having curb and gutter. The system also includes concrete sidewalks for pedestrian traffic. Roadways require routine maintenance such as crack sealing, striping and patching to achieve the maximum useful life of the surface. Resurfacing occurs approximately every 15-20 years to replace the surface given a sound structural road base underneath. Without the structural base, a full reconstruction of the roadway is required at a much higher cost. Sidewalks require maintenance periodically throughout their life consisting of lifting and concrete repair. In 2013, the Village rated all roadways to determine the most cost effective use of funds. The system rates the pavement condition and assigns a Pavement Condition Index (PCI) factor on a scale of 1-100, with 100 being new. Ratings are updated every 5 years. The Transportation System plan is based on a few broad assumptions; all replacements are in-kind, no enhancements or new infrastructure is assumed without a dedicated funding source, replacement is timed in conjunction with utility and maintenance program work, compliance with State and Federal regulations, divide streets into 3 categories based on a PCI of <40, 40-80, >80, resurface the roads with a PCI rating <40 within the next 5 years, resurface the roads with a PCI rating 40-80 in the next 5-10 years, resurface the roads with a PCI rating >80 in the next 10-15 years, and routine maintenance programs stay at least 3-years ahead of road resurfacing program. The funding plan for the transportation system utilizes existing reserves, expiring debt, and savings from operating efficiencies and revenue from new growth. The debt portion of the funding model consists of a 15 year $5 million bond issue every 5 years. The pay as-you-go portion of the program consists of Motor Fuel Tax funds and savings from efficiencies and growth directed to the General Capital Fund. The plan then had graphs depicting the funding model for the 10-year period.

To improve the plan, I think it could include obstacles that the town might face to make residents aware. On top of possible obstacles, maybe listing the cons of each project could also have residents aware of what may be to come.

Solution

Agreed,