HomeMy Public PortalAbout01- 2018 - LOCAL INCOME TAX •
RESOLUTION 2018-1
A Resolution Establishing a Capital Improvement Plan for the County Economic
Development Local Income Tax
Whereas, the City of Greencastle will have available to it funds collected from the County
Economic Development Local Income Tax; and,
Whereas, IC 6-3.5-7, since repealed, required the adoption of a Capital Improvement Plan; and,
Whereas, IC 6-3.6-6-9.5, which replaced IC 6-3.5-7, continues the requirement of the adoption
of a Capital Improvement Plan; and,
Whereas, it is the desire of the City of Greencastle to continue to adopt a three year plan to insure
the wise and timely use of the funds; and,
Whereas, the previous plan for 2015, 2016, and 2017 has expired and a new plan is required for
2018, 2019, and 2020,
NOW THEREFORE BE IT RESOLVED THAT THE CITY OF GREENCASTLE establishes an
Economic Development Income Tax Capital Improvement Plan as follows:
1. The following list of projects outlines the work to be accomplished in the next three years.
4lo.. A. PROJECTS
1. EDIT Bond Repayment—Relocation of City Hall (Ends in 2022)
2. Quality of Life Services and Projects RECEIVED
a. Work to Address Homelessness
b. Animal Control
c. Support of Rural Transit JAN 12 2018
d. Unsafe Building Removal Putnam County Auditor
e. People Pathways—Partnership with Putnam County
f. Work of the Sustainability Commission
3. Capital Investment Projects
a. People Pathways—Phase IV—Completion of Engineering Contract
b. Neighborhood Sidewalk and ADA Ramp - Renovation
c. Neighborhood Sidewalk and ADA Ramp—New Construction
d. Wayfinding Signage System Installation
e. People Pathways—New Trails Development and Repairs
f. Robe Ann Park—Master Plan and Improvements
g. Storm Water Planning Grant—Matching Funds
h. City Council Neighborhood Projects
i. Forest Hill Cemetery Road Improvements
j. ADA Improvements to City Facilities
4. Economic and Community Development Projects
a. Support of Local Economic Development Efforts
b. Support of the Farmers' Market
c. Support of Downtown Revitalization Efforts
d. Support of the City's Website and Communications
e. Other Miscellaneous Economic and Community Development Projects
B. ESTIMATED IMPLEMENTATION TIMEFRAME
1. EDIT Bond Repayment Annual through 2022
2. Quality of Life Services and Projects
a. Homelessness Annual
b. Animal Control Annual
c. Rural Transit Annual
d. Unsafe Building Removal Annual
e. People Pathways partnership Annual
f. Sustainability Commission Annual
3. Capital Investment Projects
a. People pathways—Phase IV 2018
b. Neighborhood Sidewalk &ADA Ramp—Renovation Annual
c. Neighborhood Sidewalk& ADA Ramp—New Construction Annual
d. Wayfinding Signage Annual
e. People Pathways—New Trail Development Annual
f. Robe Ann Park Improvements 2018 & 2019
g. Storm Water Planning Grant 2018
h. City Council Neighborhood Projects Annual
i. Forest Hill Cemetery Road Improvements 2019
j. ADA Improvements to City Facilities Annual
4. Economic and Community Development Projects
a. Support of Local Economic Development Efforts Annual
b. Support of the Farmers' Market Annual
c. Support of Downtown Revitalization Efforts Annual
d. Support of the City's Website & Communications Annual
e. Other Miscellaneous Projects Annual
C. ESTIMATED ECONOMIC DEVELOPMENT LOCAL INCOME TAX FUNDS
1. Estimated Cash Balance at the end of 2017: $1,609,000
2. Certified Share Distribution for 2018: $595,216
3. Estimated Share Distribution for 2019: $570,000
4. Estimated Share Distribution for 2020: $570,000
Estimated Funds Available to Support Projects and Programs: $3,344,216
The City of Greencastle will pursue available public grant sources, private grant sources,
donations and/or partnerships in support of any of the projects listed in this plan.
D. ESTIMATED USES OF FUNDS —Three Year Estimates Shown
1. EDIT Bond Repayment $127,500
2. Quality of Life Services and Projects
a. Homelessness $33,000
b. Animal Control $30,000
c. Rural Transit $33,000
d. Unsafe Building Removal $75,000
e. People Pathways Partnership $27,000
f. Sustainability Commission $7,500
3. Capital Investment Projects
a. People Pathways—Phase IV $15,500
b. Neighborhood Sidewalk & ADA Ramp—Renovation $300,000
c. Neighborhood Sidewalk & ADA Ramp—New Construction $300,000
d. Wayfinding Signage $75,000
e. People Pathways—New Trail Development $198,850
f. Robe Ann Park Improvements $465,000
g. Storm Water Planning Grant $30,000
h. City Council Neighborhood Projects $189,000
i. Forest Hill Cemetery Road Improvements $100,000
j. ADA Improvements to City Facilities $15,000
4. Economic and Community Development Projects
a. Support of Local Economic Development Efforts $150,750
b. Support of the Farmers' Market $15,000
c. Support of Downtown Revitalization Efforts $67,500
d. Support of the City's Website & Communications $82,000
e. Other Miscellaneous Projects $300,000
Estimated Use of Funds in Support of the Listed Projects: $2,636,600
2. The projects listed above require more than 75% of the funds to be distributed over a three
(3) year period beginning with the first monthly installment of January 2018.
3. The City Council may amend this resolution from time to time during the three year planning
period should conditions and the availability of resources change.
4. This resolution shall be effective from the date of adoption until January 1, 2021.
PASSED AND RESOLVED by the Common Council of the City of Greencastle at its regular
meeting this 11th day of January, 2018.
COMMON COUNCIL OF THE CITY OF REENCASTLE, INDIANA
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Mark N. Hammer / Stacie Langdon
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Gary D. Lemo P av- Murray
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Approve and signed by this th day January, 2018 at $': 3D p.m. o'clock.
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William A. Dory, Jr., Mayor
ATTEST:
L nd R. Dunbar, Cler -Treasurer