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A-1. 2016 Key Financial Strategies0 CITY OF CHANNASSEN 7700 Market Boulevard PO Box 147 Chanhassen, MN 55317 Administration Phone: 952.227.1100 Fax: 952.227.1110 Building Inspections Phone: 952.227.1180 Fax: 952.227.1190 Engineering Phone: 952.227.1160 Fax: 952.227.1170 Finance Phone: 952.227.1140 Fax: 952.227.1110 Park & Recreation Phone: 952.227.1120 Fax: 952.227.1110 Recreation Center 2310 Coulter Boulevard Phone: 952.227.1400 Fax: 952.227.1404 Planning & Natural Resources Phone: 952.227.1130 Fax: 952.227.1110 Public Works 7901 Park Place Phone: 952.227.1300 Fax: 952.227.1310 Senior Center Phone: 952.227.1125 Fax: 952.227.1110 Web Site www.ci.chanhassen.mn.us MEMORANDUM TO: Mayor & City Council FROM: Todd Gerhardt, City Manager DATE: January 15, 2016 ®v SUBJ: 2016 Key Financial Strategies Attached please find the tabulated rankings awarded by City Council members for each of the suggested priorities in 2016. Items were ranked from 1 to 4, with 1 being the highest priority. The average ranking can be found in the last column. During the work session, the City Council will discuss the rankings and determine the final 2016 Key Financial Strategies. ATTACHMENT 1. Ranked List of Key Financial Strategies Chanhassen is a Community for Life - Providing for Today and Planning for Tomorrow A-2 2016 Key Financial Strategies/Goals CATEGORY GOAL ACTION Laufenbur er Campion McDonald Ran Tjornhom Average C Alternative Sanitary Sewer Provide alternative designs for sanitary Feasibility Study for the sewer construction along Pioneer Trail. TH 101 and Pioneer Trail The current design goes through Bluff 1 2 1 2 1 1.4 Area Creek Golf Course. C Market Boulevard Provide an analysis of the current and Traffic/Feasibility Study future traffic impacts along Market Boulevard from TH 5 to West 78h 1 2 1 2 1 1.4 Street. B Solicit State Funding for With completion of the TH 101 River TH 101 Between Pioneer Crossing, the need to finish and Trail and CR 61 upgrade TH 101 going up the bluff is 1 1 1 1 1 1 greater than ever. A 2040 Comprehensive Plan The City's Comprehensive Plan is Update updated every ten years. This process establishes the vision and sets the course for guiding future land use, park and recreation, transportation, and 1 2 1 1 1 1.2 water resources for the next two decades. Staff proposes an extensive public process, involving people throughout the community. A Lifestyle Center Site Work with property owners, community members, and City Council/staff to develop a shared vision 2 2 3 1 1 1.8 for the site. B Preliminary Design, Layout, Evaluate the best layout for the plant and Construction of a Second and incorporation of a park with the 1 1 1 1 1 1 Water Treatment Plant goal of starting construction in 2017. G:\Admin\TG\Key Financial Strategies\2016\2016 Key Financial Strategie Prioritized.doc 2016 Key Financial Strategies CATEGORY GOAL ACTION Laufenbur er Campion McDonald Rvan Tjornhoin Average C Develop a Long -Term Outline a funding source and timeline Playground Replacement for replacing 24 existing playgrounds 2 3 1 2 2 2 Program throughout the community. C Budget Process Present the City Council with a list of potential cost-cutting measures earlier 1 1 3 1 2 1.6 in the budget process (June). B Two -Year Budgeting A two-year budget process provides insight into impacts and opportunities for increases/reductions for the following year. The development of long-term financial goals and strategies 1 3 1 2 2 1.8 help avoid last minute surprises. It also helps council/staff/public better understand revenues, cost drivers, and hidden liabilities/opportunities. C Review Designation of KFS Determine if current KFS cities are still Cities comparable to Chanhassen and develop 2 2 1 2 2 1.8 a timeline for how often this should be reviewed. A Regular Town Hall Meetings Establish a monthly/quarterly schedule to Receive Public Input for Town Hall meetings prior to regular City Council meetings to allow the 1 2 4 1 3 2.2 public to speak to the council in a more informal setting. B City -Wide Energy Audit Complete an energy audit of all city facilities and assets (buildings, wells, lift stations, street lights, semaphores, 2 2 4 2 2 2.4 etc.) to determine if they are energy efficient. 2016 Key Financial Strategies CATEGORY GOAL ACTION Laufenbur er Campion McDonald Ran T'ornhom Average B Business Subsidy Program Council education on tax increment financing, Livable Communities Act grants, Carver County CDA grants, etc. 2 1 1 1 1 1.2 and develop a business subsidy program for economic development policies/practices. C Mid -Year Review of KFS Prepare a mid -year review of all KFS Strategies strategies for presentation at the first 1 1 3 1 2 1.6 meeting in August. C Review City Commissions Review city commission structure of KFS cities and compare to Chanhassen. 2 4 3 2 3 2.8 B Solar and Green Energy Discuss investments into solar and Initiatives green energy initiatives within the city. 2 1 3 2 1 1.8 TIME COMMITMENT LEGEND A: 3+ meetings (more than one year) B: 2 to 3 meetings (3 to 6 months) C: 1 to 2 meetings (1 to 3 months)