FISCAL YEAR 2004 TO FISCAL YEAR 2008 Town of Agawam, Massachusetts
Capital Improvement Program
Fiscal Year 2004-- -Fiscal year 2008
Future Public Works Facility
■■■ ■ ��
Submitted by Richard A. Cohen, Mayor
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Town of Agawam
Capital Improvement Program
Fiscal Year 2004 - Fiscal Year 2008
TABLE % CONTENTS
ITEM PAGE NUMBER
(1) Cover Memorandum to Town Council 1
(2) Introduction 2
(3) List of Projects (Bonding &Appropriation Schedules) (FY2004 - FY2008) 5
(4) Project Descriptions 16
(5) Bond Payment Spreadsheet 20
(6) Chart - Existing Bond Costs 21
(7) Chart - Budget Appropriations 22
(8) Chart - Projected New Bond Costs 23
(9) Chart - Projected Total Bond Costs (before grants and reimbursement) 24
(10) Chart - Projected Total Bond Costs (after grants and reimbursement) 25
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Town of Agawam
36 Main Street, Agawam, Massachusetts o 1Oo 1
Telephone (413) 786-4520 1 FAX (413) 786-9927
Richard A. Cohen, Mayor
Memorandum
To: Agawam Town Council
From: Richard A. Cohen, Mayor
Re: Capital Improvement Program (Fiscal Year 2004 - Fiscal Year 2008)
Date: April 10, 2003
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Pursuant to Section 5-3 of the Agawam Home Rule Charter, I hereby submit the Capital Improvement Program for
Fiscal Year 2004 to fiscal Year 2008 to the Agawam Town Council. The Capital Improvement Program is a prioritized plan
of proposed capital improvements over the next five fiscal years. The major purposes of the Capital Improvement Program
are as follows:
(a) to develop and prioritize needed proposed capital improvement projects;
(b) to research and estimate the revenue necessary to fund proposed capital improvement projects;
(c) to set parameters on the revenue dedicated to fund proposed capital improvement projects; and
(d) to forecast future principal and interest expenditures.
The program presented represents a realistic financially feasible long term program. With the fiscal uncertainty
presented by the Education Reform Act, as well as, diminishing state grant and project reimbursement money,the proposed
plan may be delayed in its implementation. As revenue estimates become available, revisions shall be made and
incorporated in the capital budget portion of the annual budget. Please call with any questions.
Respectfully submitted,
Richard A. Cohen, Mayor
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Town of Agawam
Capital Improvement Program
Fiscal Year 2004 - Fiscal Year 2008
INTRODUCTION
For the purposes of this Capital Improvement Program, a capital improvement is a project or undertaking which
provides for(i)the planning, design, construction, reconstruction, renovation or replacement of a public building or facility;
(ii) an addition to a public building or facility; (iii) the purchase of land, buildings or facilities for a public purpose; or (iv)
a long range development study. While the type of improvement is the basic criteria, a project costing at least $20,000 that
has a life expectancy of ten (10) years or more is generally considered to be a capital improvement.
The Capital Improvement Program is designed to accomplish the following purposes:
1. To utilize town funds for capital improvements which are compatible with the town's mission
of effective and efficient provision of quality services to the citizens and businesses of Agawam
which in turn enhance the quality of life in our community;
2. To undertake Capital Improvement Projects on a coordinated basis;
3. To inform the community when needed and planned Capital Improvement Projects and
corresponding expenditures are to be expected and initiated in the future;
4. To utilize town funds on the basis of community priorities in coordination with the availability
of grants and/or other state, federal or private reimbursements; and
5. To undertake Capital Improvements after careful planning and financial analysis to avoid an
undue burden on the town's fiscal capacity now and in the future.
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After many years of limited capital investment, the town was faced with many desperately needed projects which
had to be undertaken in spite of projected limited revenue growth. Fiscal restraint and careful planning are required to
assure long term stability, and care must be taken in project development and implementation in order that bond sales
are timed so that principal and interest costs occur in the year scheduled. In addition, the funding requirements of the
Education Reform Bill have placed severe limits on the Towns ability to undertake needed capital improvements.
In developing this Capital Improvement Program the following general assumptions on fiscal capacity were assumed
and applied:
1. Growth in total property tax revenues will continue to be limited by the restraints of Proposition
2 %z and no debt exclusion overrides are contemplated in this plan;
2. The town will pursue the maximum property tax revenue allowed by Proposition 2 112;
3. For the upcoming fiscal year and future years,the Administration is continuing to recommend
a greater emphasis be placed on capital improvements; and
4. During the next-five years, the town should:
a. Limit General Fund principal and interest payments to approximately S1 million
dollars per year;
b. Appropriate as much funding as possible annually from the general fund for
capital improvements on a pay as you go basis while maintaining existing service
levels; and
C. Utilize the Stabilization Fund to assist in meeting the above referenced goal for
level principal and interest payments.
The process of capital planning involves setting priorities within the fiscall capability of the town. Each year the
entire plan is reviewed in light of changing needs and requirements. There are more needs for improvements by town
departments that can be included in a five year time period, and certainly the net school spending requirements of the
Education Reform Bill may cause further delays in making capital improvements.
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In developing the recommended Capital Improvement Program, the following priorities were addressed:
1. Growth - The town must meet the needs of a growing population and at the same time direct
and manage growth through the timing of public utility expansion;
2. ImDrove or Assist Ser 'ce Deliv - Projects that will reduce the need for staff increases or
make staff operations more efficient have been given priority;
3. Facilities_ - New and Maintenance of Existing Facilitles - When Proposition 2 /2 was
implemented communities were forced to delay constructing new facilities and defer
maintenance on existing facilities which has led to the current backlog of need for new facilities
and the provision of maintenance to existing facilities; and
4. Dji2r commitments - The Town is bound by commitments made in prior years. The
commitments were considered in the proposed budget and program.
The attached Capital Improvement Program was developed around the previously cited constraints and program
objectives. It includes a bonding and appropriation plan for each of the five program years, a brief description of each
project item, spread sheets and charts showing existing and proposed bond payments and graphical representations of
these payments.
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Town of Agawam
Capital Improvement Program
Fiscal Year 2004 - Fiscal Year 2008
Fiscal Year 2004 Appropriation Schedule
General Fund Appropriations
Projected
Project Descri to ion Amoun
Hampden County Land Acquisition $60,000.00
Street Improvement Program $130,000.00
TOTAL $190,000.00
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Town of Agawam
Capital Improvement Program
Fiscal Year 2004 - Fiscal Year 2008
Fiscal Year 2004 Bonding_Schedule
General Fund Projects
Projected First Year
Project Description Amours Principal& Interest
Middle School Roof $400,000.00 $37,000.00
venue Fund Projects: Water Fun
Projected First Year
Proiget Desgription AmQ11nt Prigcipal&Interest
Suffield/Main Streets Water Loop $590,000.00 $54,575.00
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Town of Agawam
Capital Improvement Program
Fiscal Year 2004 - Fiscal Year 2008
Fiscal Year 2004 Bonding Schedule (Continued)
Revenue Fund Projects: Sewer Fund
Projected First Year
Project Description Amount Principal &
Interest
Feeding Hills Trunk Sewer South (Design) $2,017,500.00 $1865619.00
Federal Street Sewer Replacement $2101,000.00 $19,425.00
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Town of Agawam
Capital Improvement Program
Fiscal Year 2004 - Fiscal Year 2008
Fiscal Fear 2005 Appropriation Schedille
General Fund Appropriations
Projected
Project Description Amount
Junior High Intercom and Clocks $50,000.00
Real Estate Revaluation (113 of Town) $125,000.00
Hampden County Land Acquisition $60,000.00
Sidewalk Rehabilitation and Extension $20,000.00
Street Improvement Program $2.50,000.00
TOTAL 50 000.0
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Town of Agawam
Capital Improvement Program
Fiscal Year 2004 - Fiscal Year 2008
Fiscal Year 2Q05 Bonding Schedule
G nerai Eund Pro'e
Projected First Year
Project Descri ion Amount Principal &Interest
Senior Center Addition Construction $1,114,000.00 $103,045.00
Recreation Improvement Program: School Street Park $1,000,000,00 $92,500.00
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Town of Agawam
Capital Improvement Program
Fiscal Year 2004 - Fiscal Year 2008
Fiscal Ycar 2006 Appropriation Schedule
General Fund Appropriations
Projected
Project Description Amount
North Agawam Drainage Phase I $35,000.00
Real Estate Revaluation(113 of Town) $125,000.00
Hampden County Land Acquisition $60,000.00
Sidewalk Rehabilitation and Extension $20,000.00
Street Improvement Program $250,000.00
Town Hall Preliminary Design $30,000.00
TOTAL $520,Q00.00
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Town of Agawam
Capital Improvement Program
Fiscal Year 2004 - Fiscal Year 2008
Fiscal Year 2006 Bonding hed le
Revenue Fund Projects: Sewer Fuad
Projected First Year
Project Description Amount Principal& Interest
Feeding Hills West Sewer Extension- Design $935,000.00 $86,488.00
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Town of Agawam
Capital Improvement Program
Fiscal Year 2004 - Fiscal Year 2008
Fiscal Year 2007 Appropriation-Se-he-dale
General Fund Appropriations
Projected
Project Description Amount
Agawam Public Schools - Technology Education $125,000.00
Agawam Town Hall Design. $175,000.00
North Agawam Drainage Phase 2 $45,000.00
Real Estate Revaluation (1/3 of Town) $125,000.00
Hampden County Land Acquisition $60,000.00
Sidewalk Rehabilitation and Extension $20,000.00
Street Improvement Program $250.000.00
TOTAL 0 0
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Town of Agawam
Capital Improvement Program
Fiscal Year 2004 - Fiscal Year 2008
Fiscal Ygar 2007 Bonding Schedule
Geogral _ and roiects
Projected First Year
Project Description Amount Principal & Interest
School Department All Weather Track $400,000.00 $37,000.00
RevVilue&nd Praiects Sewer Fund,
Projected First Year
Project Dese—ri ttion A n Principal &Interest
Feeding Hills Think Sewer South Construction $18,158,000.00 $1,679,615.00
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Town of Agawam
Capita! Improvement Program
Fiscal Year 2004 - Fiscal Year 2008
Fecal Ygar_2Q08 Appropriation Schedule
Gengra! Fund Apuropriaations
Projected
Project Des,rim ration Amours
Sidewalk Rehabilitation and Extension $20,000.00
Hampden County Land Acquisition $60,000.00
Street Improvement Program $175,000.00
TOTAL S2K1U.00
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Town of Agawam
Capital Improvement Program
Fiscal Year 2004 _ Fiscal Year 2008
Fisea car 2008 Bonding Schedule
Geperal Fund Protects
Projected First Year
Project Description Amount Principal &z Interest
Town Hall Construction $2,500,000.00 $231,250.00
Revenue Fund.Projects: Sewer Fund
Projected First Year
Project Description AmoUnt Pr;�pal&Interest
Feeding Hills West Sewer Extension Construction $8,145,000.00 $778,388.00
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Town of Agawam
Capital Improvement Program ,
Fiscal Year 2004 - Fiscal Year 2008
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PRO ECT DESCRIPTIONS --� ------ ---- -
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Site of Senior Center Expansion
1. MVNICIPAL BUILDINGS
AGAWAM TOWN HALL
AGAWAM SENIOR CENTER EXPANSION
The first phase of this project would involve a preliminary
An addition to the senior center is sought to provide space for design study to determine whether a new town hall facility should be
Agawam's growing elderly population. The present over 60 population built or whether the existing facility can be enlarged. This preliminary
in Agawam is 6,100+/-. The permitted capacity of the present facility design study would be funded in FY2006 with full design of the project
is 185. Existing space has been utilized as efficiently as possible but to follow in FY2007. The project would encompass either the
no room is available for additional programs or activities. The Council construction of a new town hall building or the expansion of the
on Aging recently finished an interior facelift program for the center existing facility. A new facility could be centrally located within the
which helped alleviate some potential overcrowding,but expansion is community to provide easy access for all residents.
needed to meet anticipated future needs. Land acquisition and design The new or expanded facility would also be fully handicap
of the addition was accomplished in FY2003. Construction will follow
as State )~ending allows. The addition will allow for greater client accessible for residents and employees. The existing town hall
privacy, additional health programs and more classroom and activity structure is too small to meet existing needs or provide adequate staff
space. and file space. The new or expanded facility would include adequate
office space,conference room space,bathroom facilities and meeting
space. Construction would be slated to begin in FY2008.
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maintenance and improvement requirements.
��HRMhDf,14�t
NORTH AGAWAM DRAINAGE PHASE 1 & 11
An old private drainage system has deteriorated which is
resulting in water surfacing in yards. Phase I of the project would
AGAWAM intercept the pond discharge that the old pipe system currently handles
sou MWICK and divert it down Meadow Window to the High Street storm drain. In
addition,existing catch basins on Howard Street would be diverted to
GItANVIL[E the Moore Street-Ottawa Street drain system. Phase 11 of this project
TOLLANO would improve capacity of the storm drain system serving High Street
and lower Moore Street.
New Veteran's Office at Police Station
III. PUBLIC WORKS-WASTEWATER
H. PUBLIC WORKS FEEDING HILLS TRUNK SOUTH
SIDEWALK IMPROVEMENT PROGRAM
This project involves extension of the sewer service to the
Funding is provided in Fiscal Years 2005-2008 to rehabilitate South West portion of Town. The first step in this program, a plan of
sidewalks throughout the community. The DPW highway division, study for the evaluation of sewage disposal alternatives for the area, is
recently reorganized its manpower allocation to create a sidewalk underway and information from residents concerning their current
construction and repair team,which is making substantial progress with system and desire/need for sewers has been gathered and is being
this work. Portions of the sidewalks on Main Street, Bridge Street, analyzed. In 2002 field investigations were undertaken to verify and
Walnut Street, Suffield Street, Moore Street, Parkview Drive,Thalia expand upon soil and ground water data. Layout alternatives for
Drive, River Road, Memorial Drive, DePalma Street, Royal and various sewer extensions have been developed. It is planned that the
Randall Streets, Overlook Drive, Hamilton Circle, North Westfield study will be completed in early summer of 2003. Public informational
Street and Raymond Circle have been replaced. In addition, when meetings will be held prior to completion of the report. This study is
critical repairs are complete, certain sidewalk systems should be the first step in developing grant eligibility for the project.
extended to increase walking areas to schools and eventually reduce
transportation costs. FEEDING HILLS TRUNK SEWER-WEST
STREET IMPROVEMENT PROGRAM This project involves extension of the sewer system
westerly along Southwick Street to the town line; to the southerly
Funding is continued for the improvement and maintenance of portion of North West and the northerly portion of South West Streets
our local roadways. Improvements include the construction, and the surrounding areas. This area is included in the plan of study
reconstruction, widening and resurfacing of roads and the installation being undertaken for the Feeding Hills South 'Trunk Sewer project
and repair of drainage structures and systems. Funds will be utilized discussed earlier.
in combination with state Chapter 90 funding to meet routine
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IV. PUBLIC WORKS-WATER IV. ASSESSOR
MAIN/SUFFIELD STREETS WATER MAIN LOOP
PROPF.RT1' ItEVALUATION
Funds are included to construct a water main at the southern
boundary of Town connecting the current dead end water mains on The Assessor and staff are able to inspect/view only some 600
both Main Street and Suffield Street. This connection was a priority properties a year. There are 11,500 properties in Town. A revaluation
in our water distribution and will improve system reliability as well as is necessary to insure that our real estate taxes are applied equitably.
water quality for people residing on the dead end mains. With over The Town will benefit from an increase in assessments over the years
20,000 people a day visiting Six Flags it is important for public health to come.
reasons that there be more then one way to deliver public water to that
Park. The elimination of dead end water mains is a goal urged by the V. MISCELLANEOUS
Mass DEP in their annual review of our water operations.
RECREATION IMPROVEMENT PROJECT
This program includes funding(S i,000,000.00)in FY2005 for
a recreation/sports field complex at the former County property on
School Street_ A development plan for the site is nearing completion
which will address the needs identified in the recent recreation study.
The level of funding included in this program is based on a
speculative estimate of the resources that would be necessary to expand
current recreation facilities and develop the School Street facility.
Recreation is a vital part of the quality of life in our community and the
current need is growing every year. This program recognizes that
growth and includes funding to meet the current and projected demand
... � for recreational facilities and services.
JUNIOR_HIGH CLOCK & INTERCOM SYSTEM
The present system is twenty-nine years old and
parts are no longer available to make repairs. Many of the room
clocks suffer from numerous breakdowns on an annual basis. The
main intercom switches are worn and suffering from poor
-- r �- reliability. The system needs to be replaced before it suffers from
total failure.
September 11, 2001 Memorial
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Real Estate donated in memory of Thomas and Bridget
McGrath
ALL WEATHER TRACK- HIGH SCHOOL
An all weather track and field event runways would
greatly improve conditions for this sport while reducing
maintenance activities. Drainage facilities would be included.
MIDDLE SCHOOL ROOF
In order to protect the Middle School and prevent damage
to the building's structure and contents, Building Maintenance
advises that a new roof is needed.
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Bond Payment Schedule
FISCAL REM AMOUNT IMPACT __ BOND PAYMENTS
'YEAR YEAR FY2004 FY2005 FY2006 I FY2007 FY2008 FY2001 FY201Q FY2017 PY2012 FY2013
PHASE W SEWER $ 166250
WESTFLD RN.PUMP STAI
S W,775 S 53,205 S MAM 3 55.6W S 56,953 3 58 326 ; 59.732 S 6f 320 ; 62.942 $ 64 85B
JR.HIGH HEATING $ 105,683 S 102,1S4 S98,588 S 95,326 $ 91 399 S 87,367 $_ 267 $ 79099 '
_ COUNTRY CLUB $ 115,078 $ 111,237 $ 101,313 $ 102.754 3 96,621 $ 04,104 $ 89 744 $ Ba 62
FIRE STATION _ S i82,176 S 157 502 16_2,725 5 147 842 $ 142 955 S 137,703 $ $27,714 $ 122,740 $ 117.715 5 112,640
COUNTRY CLUB IRM. S 33.170 ig U57 S 30.920 5 20.751 $ 26570 S 22400 14 21.496 ; 20
- TUCKAHOE TURF FARM $ W.570 ; 87,900 S 05.170 S 82.300 S 79 530 S 78= $ 73,688 $ 70 880 S 67,868 S 04AM
SCHOOL ADDITION#1 S 865,475 6 835,406 S 813,094 S 790,781 3 768469 $ 748168 $ 723,844 S 701400 $ -878.594 S 556725
SCHOOL ADD IONS#2 $ 018,370 S 894,070 $ 884,883 $ 844 540 S 815 663 $ 789,983 $ 703,768 $ 737,553 $ 11,070 1 S 884,320
WFLD,RIV.POL.ELIMJCSO_ S 168.460 $ 166,401 S 164,313 $ 162,181 $ 150994 $ 157,749 $ 166448 $ 161,752. $ 16i 032
TITLE 5 SEPTIC SYSTEM S 4.624 S 4,618 $ 4,407 $ 4 $ 4 i49 $ 4.023 S 3 895 $ 3,756 S 3.616 S 6.852
WFLD.RIV.POL.ELIRiCSO-LOCAL S 6303 ; 61 653 $ 65,329 $ 63,929 $ GZ5n $ 61.129 $ 50,726 S 58,320 S 68 VU S 66,629
CANDBELLPSIFLORIDADR.SEVNEFtIMPR. ; 46,331 $ 46,831 40,675 $ 3B 831 $ 38 950 $ 38,081 S 37,194 $ 38,244 $ 35,244 $ 34 44
PUB.LIBRARY ADD.Net Cost 385.478 ; 374,228 $ 364,945 $ 357 361 $ 349,757 $ 342,163 $ 334,569 $ 320,976 $ 319 381 $ 311.187
HIGH SCHOOL LIBRARY $ 68,268 $ 66.268 S 64619 $ 63,260 $ 61919 $ 60569 $ 59219 $ 67869 $ 55519 $ 64.329
SUBTOTAL $ ;2, 696 2,910 3W $2AM.W5 $2.T" $ 676 662 $2.513 324 $ $1 79 S 2,2"AP7, 11,W 5
�SOND
FIRE OPT,AERIAL PLAT.TRK. $750 000 2004 $ 106,B75 S 103,888 100,600 $ 87 313 $ 94 125 $ 90 938 $ 87 760 $ 84 563 S 81 376 $ 78.188
EPA PHASE 2 STORM WATER PERMIT $314 000 20" $ 6,000 $ 27,000 S 27 000 S 27,000 $ 27 000 $ 27,000 $ 27,000 $ 27,000 $ 27 000 $ 27,000
DPWFAC&ITY $8800D0 20" S 81,400 S 79 $ 77,BB0 $ 76.790 S 73920 S 72050 $ 7D180 ; 60310 S 440 $ 64.570
8VSTOTAL $1t044 900 $ 184 5 S 21$211 2 3161 S 200,103 $ 195 045 $ Ism w KY30 $ 179,873 $ 174,019 $ 199,758 a.
2004 SO-F,H.TRUNK SEWER DES. 52,0]7500 2005 S 186,018 182332 $ 178.044 S 173,757 S 189470 $ 18b,f83 $ MAW S MAN S 152321
28p4 MIDDLE SCHOOL ROOF 5400 000 2006 S 37,000 36,150 $ 36 ; 34,450 S 33 WO S 750 ; 31 900 S 31 050 $ 30
2004 �FEDERALST,SEWERREPLACEMENT $21D,000 2008 1 3 10,426 $ 18979 $ 18633 $ 18066 $ 17840 S 17194 S 18748 $ 1d.301
2004 SUFFIELDIMAIN STS.WATER LOOP $500 000 2006 ; 54,675 $ 63,321 $ 52 068 $ 50,814 $ 49 660 $ 48,306 $ 47 053 $ 45,799
2005 SR.CEN. AN5ION $1,114,000 2007 $ 103,045 $ .100 B78 $ 08 311 $ 95 943 $ 93,676 S 91,200 $ 88 842
2005 REC-IMPRVMNT.PROJECT $1,000,000 2007 S 92.504 $ 90 375 S 88 60 $ 88 f2S S 64.000 $ 81 075 $ 79,750
2006 WEST F.H.SEWER DESIGN $935 000 2007 ; 88.468 $ 849601 $ 82,514 $ 80,527 ; 78.540 S 78 553 S 74.5W
2007 90,F,H.TRUNK SEWER 518,158000 2009 S 1.879615 $1641020 $1,602,444 S 1563958 3 1525,272
2OD7 HIGH SCH.ALL-WTHR TRACK $400,000 20M $ 37,00 $ 34.875 f$ 35 3W $ 34,460 $ 33 600 $ 32160
20081 TOWN HALL $2,620.000 2010 $ 231,250 $ 226,938 $ 220 025 $ 213,313
21Hf8 �, WEST $84f6�000 2010 $ 778,36E $ 7806D6 $ 142624 $ 724.742
SUBTOTAL 73f ; S 223 619 ; 262 492 $ 567 617 ; sa1 1 $ 134 $3;13196 ;3137 746 S 2 061502 S - ss
TOTAL BOND PAYMENTS S 3,430.574 $3 427 S4 $ 3 408 036 $3,603114 ;3 ti40 870 $5122 084 5 911 049 ;$83i 899 $5 97 424 $5100 16
POTENTIALAVORANTS
WFLD RIV POL ELMVCSO $2,267,759 S 898 S 1,722 9,508 $ 77.242 $ (74,919) ; 533 $ 7p.087 S 67 595) fss= $ 82,355
5R.CEN.EXPANStON $1,114.000 1 S 103.045 $ 100678 $ 08311 $ 96,943 S 93 76 $ 01,209 $ 88842
F.H.TRUNK SEWER DES. - $504 375 $ 46.665 45.503 S 44,611 S (43,439) $ (42,368) $ 41,296 $ 40 4 $ 39,152 $ 38 080
MIDDLE SCH.ROOF $284 000 (26,270) $ 25687 26.063 S (24,490) $ (23,666) $ (23,263) $ ,849 ; 22 046 $ 21.442 S (20,839
E?06704GSCHOOLBONDS $11,341,565 $1,3WA01) S 1,f89827 S 1 1V.082 $1,118J17 SCIA"j817 S 988.732 S j9dt 432
SO.F.H.TRUNK SEWER $4,539 5W S 41 904 3 410 67 $ 400!12C6 $
7(185,GN)
$ 1 318
WEST F.H.SEWER DE5IGN 5233,750 $ 21,022 $ 21125 $ 0628 $ 20132 S 19 $ 18542
WEST F.H.SEWERCONSTR $2.103.750 S 194 697 $ 190S 181 165
TITLE 6 SEPTIC SYSTEMS ; 1,905 $ 1,797 $ 1 088 $ 11,566) S 0.431) $ (1,304) $ (1,177) g (1,037) $ (8961 $ 3 34
SUBTOTAL S i ; 1 ; 1 187 $1 9Q 36S $i 07 ;9,630 S 1 97t 4s $ ;1608 S 74i
NET BOND PAYMENTS 1 976,938 1,971 230 1 994,849 S 2,106,300 $2 090 694 $3.201 102 $4,020,494 $3 91B 433 g 3697.200 S 3AO.492
WATER FUND PAYMENTS S 54,675 $ 53.321 S S 608 $ 48 3E16 $ 47,053 45,789
SEWER FUND PAYMENTS ; (403,611 SB2 $ 400.417 $ 461737 ; 455 739 S 1 709 $ ,Z68lS51 ; r032 $ 162,61 S(IAOU54
COUNTRY CLUB PAYMENTS S 148 248 143,294 S 138,233 $ 132 51 f $ 127 091 S (110,8443 $ (111,2301 $ 105 762 S
STABIUZATION FUND USE` 36W=INVESTED 0 3.6% $ (400.0001 500,Wo $ 46U.000 $ 500 000 $ 500 000 $ 620 DOD $ 550 ODD E (500,000) $ 400,000
GlN.FUND BONO PAYMENTS S 1,025,177 941,344 S 961 024 S 957.73 S 056 7 $ 804,fo8 S 1 051 144 ;I.055 332 S 1,08J 663 $1,441 639
Steblliza5on Fund Performance. S3,650 1.035 $3.377.760 ;2,996 197 S 2 6W 830 $2,243 609 $1,822,130 S 1 383 010 $ 863 71T $. 30.947 S 7 785 $ 006
•addlfional Fundln of$0 In'FY2004
Pro ect overe0mated a 6a funded by a rta&-x
Page 20
Existing Bond Costs (FY2004 - FY2008)
' PROJECT FY2004 FY2005 FY2006 FY2007 FY2008
Phase IV Sewer $155,250 $0 $0 $0 $0
Main Street Pump Station $51,775 $53,265 $53,432 $55,660 $56,953
' Junior High Heating $105,683 $102,164 $98.568 $95,326 $91,399
Agawam Country Club $115,078 $111,237 $107,313 $102,754 $98,521
' Fire Headquarters $162,175 $157,502 $152,725 $147,842 $242,855
Country Club Irrigation $33,170 $32,057 $30.920 $29,757 $28,570
Tuckahoe Turf Farm $90,570 $87,900 $85,170 $82,380 $79,530
' School Projects I $865,475 $835,406 $813,094 $790,781 $768,469
School Projects 12 $918,370 $894,070 $864,883 $840,540 $815,663
Westfield River CSO $168,450 $166,401 $164,313 $162,181 $159,994
' Title V Community Septic Management $4,624 $4,516 $4,407 $4,284 $4,149
Westfield River CSO $63,603 $61,853 $65,329 $63,929 $62,529
Florida Drive Sewer $48.331 $46.831 $40,675 $39.831 $38.956
' Public Library Expansion $385,476 $374,226 $364,945 $357,351 $349,757
Agawam High School Library Expansion $68,268 $66,268 $64.619 $63.269 $61,919
Subtotal - Existing Bond Costs $3,236,298 $2,993,696 $2,910,393 $2,835,885 $2,759,264
' Fire Dept, Aerial Platform Truck $106,875 $103,688 $100,500 $97,313 $94,125
EPA Phase 2 Storm Water Permit $6,000 $27,000 $27,000 $27,000 $27.000
DPW Facility $81.400 $79,530 $77,660 $75.790 $73,920
' F.H. Trunk Sewer So. Design $0 $186,619 $182,332 $178,044 $173,757
Middle School Roof $0 $37,000 $36,150 $35,300 $34,450
Federal Street Sewer Replacement $0 $0 $19,425 $18,979 $18,533
' Suffield $ Main Sts. Water Loop $0 $0 $54,575 $53,321 $52,068
Senior Center Expansion $0 $0 $0 $103,045 $100,678
Recreation Improvement Project $0 $0 $0 $92,500 $90,375
' West Feeding Hills Sewer Design $0 $0 $0 $86,488 $84,501
South Feeding Hills Trunk Sewer $0 $0 $0 $0 $0
High School All Weather Track $0 $0 $0 $0 $37,000
Town Hall Expansion $0 $0 $0 $0 $0
West Feeding Hills Sewer Construction $0 $0 $0 $0 $0
Total Existing and Projected Bond Costs $3,430,573 $3,427,533 $3,408,035 $3,603,665 $3,545,671
(" denotes project which is authorized but not yet permanently bonded)
( denotes project which is planned but not yet authorized)
1 Existing Bond Costs (FY2004-FY2008)
1 $3.400,000
$3.200,000
$3,000,000
$2,800,000
I
$2.600,000
$2,400,000
1 2 3 4 5
1
' 21
1
Budget Appropriations (FY2004 - FY2008)
1
Category FY2004 FY2005 FY2006 FY2007 FY2008
1
General Fund $190,000 $505,000 $520,000 $800,000 $255,000
' Sewer Fund $0 $0 $0 $0 $0
Water Fund $0 $0 $0 $0 $0
Golf Fund $0 $0 $0 $0 $0
TOTAL $190,000 $505,000 $520,000 $800,000 $255,000
1
Budget Appropriations (FY2004 - FY2008)
1
' $800,000
$700,000 --
' $600,000
$500,000 - -- --
$400,000
$300,000
' $200,000
$100,000
FY2004 FY2005 FY2006 FY2007 FY2008
1
1
22
1
Projected New Bond Costs (FY2004 - FY2008)
1
FY2004 FY2005 FY2006 FY2007 FY2008
' Fire Dept. Aerial Platform Truck $ 106,875 $ 103,688 $ 100,500 $ 97,313 $ 94,125
EPA Phase 2 Storm Water Permit $ 6,000 $ 27,000 $ 27,000 $ 27,000 $ 27,000
' DPW Facility $ 81,400 $ 79,530 $ 77,660 $ 75,790 $ 73,920
F.N. Trunk Sewer So. Design $ $ 186,619 $ 182.332 $ 178,044 $ 173,757
Middle School Roof $ - $ 37,000 $ 36,150 $ 35,300 $ 34,450
' Federal Street Sewer Replacement $ _ $ _ $ 19,425 $ 18,979 $ 18,533
Suffield & Main Sts. Water Loop $ $ $ 54,575 $ 53,321 $ 52,068
Senior Center Expansion $ - $ - $ - $ 103,045 $ 100,678
' Recreation Improvement Project $ _ $ _ $ _ $ 92,500 $ 90,375
West Feeding Hills Sewer Design $ $ $ $ 86,488 $ 84,501
South Feeding Hills Trunk Sewer $ - $ - $ - $ - $ -
' High School All Weather Track $ - $ _ $ _ $ _ $ 37,000
Town Hall Expansion $ $ $ $ $
West Feeding Hilts Sewer Construction $ - $ - $ - $ - $ -
' TOTAL $194,275 $433,837 $497,642 $767,780 $786,407
1
' Projected New Bond Costs (FY2004 - FY2008)
' $800,o00
$600,000
' $400,000
' $z0o,o00
$o
' FY2004 FY2005 FY2006 FY2007 FY2008
1
1
23
1
1
Projected Total Bond Costs (FY2004 - FY2008}
' (before grants and reimbursements)
1 FY2004 FY2005 FY2006 FY2007 FY2008
tExisting Bond Costs $3,236,298 $2,993,696 $2,910,393 $2,835,885 $2,759,264
' Projected New Bond Costs $194,275 $433,837 $497,642 $767,780 $786,407
TOTAL BOND COSTS $3,430,573 $3,427,533 $3,408,035 $3,603,665 $3,545,671
1
' Projected Total Bond Costs (FY2004 - FY2008)
(before grants and reimbursements)
$3,650,000
' $3,600,000
$3,550,000
' $3,500,000
$3,450,000
' $3,400,000
$3,350,000
1 $3,300,000 - - -
FY2004 FY2005 FY2006 FY2007 FY2008
1
1
' 24
Projected Total Bond Costs FY2004 - FY2008
' (after grants and reimbursements)
' FY2004 FY2005 FY2006 FY2007 FY2008
Existing Bond Costs $3,236,298 $2,993,696 $2,910,393 $2,835,885 $2,759,264
Projected New Bond Costs $194,275 $433,837 $497,642 $767,780 $786,407
' Projected 6ronts & Reimb. ($1,453,638) ($1,456,305) ($1,413,187) ($1,498,365) ($1,455,075)
tNET BOND COSTS $1,976,935 $1,971,228 $1,994,848 $2,105,300 $2,090,596
' Projected Total Bond Costs (FY2004 - FY2008)
(after grants and reimbursements)
' $2,150,000
$2,100,000
$2,050,000
$2,000,000
$1,950,000
$1,goo,000 - -
FY2004 FY2005 FY2006 FY2007 FY2008
1
1
' 25