The Kannapolis City Council received a number of reports on the financial health of the City during their regularly scheduled work session on Monday.
Eric Davis, the Director of Finance, presented a report on the capital improvements projects which have been completed during the last decade. He also presented a plan for capital improvement projects which would be completed in the upcoming decade if approved by council.
Davis began the presentation by demonstrating that if council proceeds, on the current and proposed future capital improvement plans, no property tax increases or decreases would be needed through 2026. An increase in water/sewer fees would be needed in Fiscal Years 2017 and 2022 for infrastructure improvements and an increase in stormwater fees would be needed in Fiscal Years 2018 and 2020 to meet federal mandates for improvements to stormwater systems. Increases in environmental fees would be needed in Fiscal Years 2017, 2019, 2021, 2023 and 2025 in order to break even on our expenses for providing garbage, recycling and yard debris services.
Information was also presented on the City’s Capital Improvement Plan (CIP). Capital Improvements are large projects such as building a facility, constructing a sidewalk or buying a fire truck. From 2006-2015 the City completed 126 capital improvement projects that totaled $152,845,744 million. Projects included the Cabarrus Health Alliance building, purchasing the Kannapolis Intimidator stadium/land and downtown properties, NCRC Campus infrastructure improvements, Veteran’s Park, Village Park, Orphanage Road Bridge, Rogers Lake Road, Ridge Avenue, Kannapolis Parkway, Dakota Bridge improvements, Fire Station 5, City Hall, buying fire trucks and police vehicle replacements.
The proposed CIP for 2017-2026 includes 89 projects for $152,584,185. The proposed projects include downtown infrastructure improvements, two anchor projects for the Downtown Revitalization Plan, sidewalks, and projects for parks, fire, police, stormwater and economic development.
Discussions on the CIP will continue in the near future as the City Council decides whether or not to accept the proposed CIP and then to identify which projects will be funded over the next decade.