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$140 thousand (to assure debt service coverage) and the reduction of the General Fund <br />contingency reserve from the FY 2012 level of $286 thousand. <br />o The Water and Sewer Fund has added six new, full time positions. Two plant operators were <br />approved during FY 2012. Four are requested subject to approval of the FY 2013 adopted <br />budget. They are a Project Engineer, a Lead Maintenance Worker and two Maintenance <br />Workers. The additions support a new Construction Crew. The Construction Crew will focus on <br />Renewal and Replacement projects planned in -house by the Project Engineer. It is believed <br />more projects will be accomplished and at a lower cost than contracted services. All Water and <br />Sewer Fund position additions are paid for with the elimination from the Water and Sewer <br />budget of a recurring operating contingency reserve. The contingency reserve had been carried <br />each year in the Water and Sewer Fund Non - departmental division in the amount of $250,000. <br />No increase in Water or Sewer rates has been anticipated in this budget proposal. A rate study <br />is underway but it is not expected to be reported to the City Commission until first quarter of FY <br />2013. The Water and Sewer budget was proposed within the constraints of reasonably known <br />revenue collections. It is not meant to indicate that a rate increase is not needed because <br />capital improvements may not be able to keep pace without one. If the study recommends an <br />increase and the City Commission approves it, then a future budget amendment will be needed. <br />o The Community Redevelopment Agency (CRA) has requested $500 thousand for the purchase <br />and assembly of land to clear blight and stimulate new economic development. <br />o The Neighborhood Capital Improvement Fund has programmed $2.547 million for road <br />rehabilitation costs within the City. These include sections of Oxford Road, S. Triplet Lake Drive <br />and Areas 1 — 3 of the Neighborhood Improvement program. These areas will see significant <br />mill and resurfacing done for neighborhoods in the south end of the City. <br />o Wirz Trail Section 3 (the last section) is expected to be funded through a grant from FDOT in the <br />amount of $13 million. The budget for grant proceeds and construction costs will be added <br />through amendment once the award is made. <br />A -4 <br />