Ranchester Eyes $3 Million in Projects With Cap Tax Funds

Ranchester officials hope to supplement their town's $1.9 million in capital facilities tax revenues with enough money from other sources to finance more than $3 million in projects over the next eight years.

Their plans hinge on whether Sheridan County voters on Nov. 5 approve continuing the existing one-cent capital facilities tax. If voters do approve the tax, town officials have a list of more than a dozen projects to be undertaken starting next year, from street maintenance and park improvements to sidewalk replacements and improvements in the town's utilities system.

One of the first projects scheduled will be earmarking $100,000 in fiscal 2014/15 for grant matches for economic developments and the town's infrastructure. The town's list for cap tax funding includes another $100,000 in grant matches from 2018 to 2021.

Other projects to be financed all or in part by capital facilities tax revenues are:

Street maintenance – $100,000 in cap tax funds per year, no funds from other sources, in fiscal 2014/15 and 2016/17; and $141,000 in cap tax funds, no funds from other sources, from fiscal 2018 through 2021.

Sidewalk improvements – 2014/15, $80,000 in cap tax funds, $50,000 from other sources, for a total $130,000.

Water main replacement, alley west of Main Street – 2014/15, $30,000 in cap tax funds, no other sources.

Water main loop, Dayton Street – 2014/15, $100,000 cap tax funds, $250,000 other sources, total $350,000.

Park improvements – 2014/15, $50,000 cap tax, $50,000 other sources, total $100,000. A second park improvement project is scheduled for 2018-2021, using $75,000 in cap tax funds, $50,000 other sources, total $125,000.

Water main replacement, Weare to Bear Park – 2016/17, $115,000 cap tax.

Water treatment plant improvements, Phase 1 – 2016/17, $100,000 cap tax, $100,000 other sources, total $200,000.

Water line loop, Wondra Subdivision – 2016/17, $75,000 cap tax.

Relocate town maintenance shop – 2016/17, $100,000 cap tax, $135,000 other sources, total $235,000.

Lagoon addition – 2016/17, $223,000 cap tax, $177,000 other sources, $400,000.

Lift station repairs and upgrades – 2018/21, $25,000 cap tax, $50,000 other sources, $75,000 total.

Water line replacement, Carl/Betty Street – 2018/21, $81,000 cap tax.

New access road to sewer lagoon – 2018/21, $75,000 cap tax, $50,000 other sources, $125,000 total.

Sidewalk improvements – 2018/21, $50,000 cap tax, $50,000 other sources, $100,000 total.

Water treatment plant improvements, Phase 2 – 2018/21, $200,000 cap tax, $200,000 other sources, $400,000 total.

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