What will make the list for 2013? McMinnville officials will be meeting Tuesday to prioritize capital improvement projects for the year.
Officials will be considering a list of almost $10 million in capital improvement projects that must be prioritized in order of importance and financial ability to pay using the city’s local option sales tax recovered from the county.
Making the list for consideration:
• Public Works — Land purchase of six acres and construction of a maintenance building.
• Street Aid — The purchase of a backhoe, pavement overlay for parking lots, and sidewalk improvements.
• Sanitation — Construction of a building for vehicles and purchase of a side loader garbage truck.
• Waste water — Roof repair, main control panel replacement, maintenance lines, and new waste water plant.
• Police — Purchase of new technology equipment and construction of a new station.
• Fire — Purchase of a new engine for Station One, new equipment truck, new engine for Station Two and extrication equipment, as well as construction of a new fire station.
• Parks and Recreation — New ball field lights, renovation of the Civic Center, fluid coolers, general upgrades, Pepper Branch Park development, Gilley Pool resurfacing, and improvements at Riverfront Park.
• Park Theatre renovation.
Finance Committee chairman Ken Smith presented fellow board members with the list of improvements several weeks ago and asked them to consider in what order they would like the work to be done.
The financial plan is to use what the city is receiving from the county in the sales tax recovery agreement. A 25-year agreement between the two gives the city 4 percent of its local option sales tax compounded annually. The city will regain 100 percent of its sales tax by the end of the agreement.
At the current projected numbers, 4 percent compounded annually will return $80,000 the first year, $160,000 the second year, and $240,000 the third year. By the end of the agreement, the city will have received a projected $26 million, based on current sales tax figures.
Using the recovery schedule means projects will have to be prioritized and completed as sales tax dollars are received to pay the annual debt service on the projects.
The meeting will begin at 6 p.m. at McMinnville City Hall.