Town of Truckee looks to fund future projects
The Town of Truckee has more than $100 million in projects planned for the next five years, but only about $60 million to work with.
The Capital Improvement Program is a five-year plan that details the town’s priorities and planned expenditures, describing and budgeting for everything from the construction of a new corporation yard to buying new equipment for the office in town hall.
“The purpose of the [Capital Improvement Program] is to see if it all works and if there is adequate funding for all of it,” said Town Manager Tony Lashbrook.
According to a letter written to town council by Lashbrook, the total spending for all the included projects would come to $100,500,000, with $43,728,000 not yet in the town’s coffers.
Community Development Director John McLaughlin said this means the council will have to decide whether to look for more revenue sources or modify the town’s existing priorities.
He said the town may look to a development application fee increase, which would be raised to pay for the town’s planning program. The program is currently funded by both application fees and general fund monies.
“That could generate an additional half a million (dollars),” McLaughlin said.
Other potential sources for revenue include state and federal grants, other fee increases, and possible tax increases, he said.
One of the main issues in the Capital Improvement Program is the relocation of the town’s corporation yard and animal shelter, Lashbrook said.
The corporation yard, where the town’s heavy equipment is stored, is currently located near the Martis Valley Estates neighborhood and the Truckee River.
Lashbrook said this location presents problems with neighbors, environmental impact on the river, and has become too small for the town’s needs.
The new location under consideration is the U.S. Forest Service land between Glenshire Drive and Interstate 80, Lashbrook said.
He said securing the additional $2.1 million needed for the relocation is a top priority.
The Mousehole replacement is another big project in need of funding, Lashbrook said.
“We have $2.8 million for a $15 million project,” he said.
Truckee may also have two additional roundabouts in the works in the next five years.
One roundabout under consideration is at the intersection of Highway 89 south and Donner Pass Road, near the Gateway shopping center, Lashbrook said.
“That intersection is reaching capacity and needs major improvements,” Lashbrook said. “It could be a new signal with two left-turn lanes, or it could be a two-lane roundabout.”
A second roundabout could be located at Glenshire Drive and Dorchester Drive.
“The roundabout at Dorchester would be more of a traffic calming measure to slow traffic,” Lashbrook said. “We get tons of speeding complaints on Glenshire.”
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