3/12/2024 - Leelanau Township Board | 7 Year Plan Discussion

Summary

The meeting reviewed the 7-year Facilities Capital Plan, focusing on vehicle replacement for the Fire/EMT services and various infrastructure projects for the next five years. Key financial figures and projections were discussed, alongside anticipated spending and millage revenue.

Infrastructure Projects

The meeting highlighted the following infrastructure projects and expenditures planned over the next several years: - **Woolsey Restoration**: Allocated $100,000 for 2024. - **Fire Lane #6**: $15,000 allocated for 2024. - **Tractor Purchase**: $69,000 planned for 2024. - **Cherry Homes Core Samples**: $15,000 earmarked for 2024. - **Cherry Homes Road Investment**: $200,000 planned for 2024. - **Township Office Refurbishment**: $100,000 allocated for 2024. - Projects for subsequent years include various amounts for unspecified infrastructure enhancements with notable increases in budget allocations from $40,000 in 2026 to $194,878 in 2030.

Financial Summary

Key financial figures discussed include: - Millage Revenue projections, increasing by 3% yearly: $582,000 for 2024 and projecting further amounts in subsequent years. - Total net facilities budget: $444,208 for 2024, decreasing slightly each year to $412,312 by 2025. - Spending totals projected for 2024 and 2025 are $299,000 and $200,000, respectively.

Action Items

- Confirm the planned expenditures and infrastructure projects moving forward. - Monitor the milage revenue to ensure sufficient funding for planned initiatives. - Establish deadlines for reporting on funding allocations and project progress, particularly focusing on public infrastructure and community engagement.