CARY – To catch up with long-standing facility needs and to make sure the village performs enough maintenance on its facilities, the village of Cary plans to start putting money aside every year.
The village would need to set aside almost $206,000 a year in order to upkeep its buildings, including village hall, the public works facility and the senior center, according to a study done by Reserve Advisors. The money would be placed into a facility fund.
Cary Village Hall would need $3.3 million over 30 years, including $650,000 in the next few years in order to fix the roof, which has had work deferred for many years.
The roof has a history of leaking and deterioration is visible.
Because of the high costs, the village will start looking at how much it would cost to build a new village hall to house general operations and the police department.
A potential move is in the preliminary stages, Village Administrator Chris Clark said.
There are a handful of sites around town that could be potential locations, that are vacant land or already in public use, however, but Clark would not be specific.
He added the board may or may not move forward with the a municipal complex project, as the village understands it needs to be conscious of its spending in this economy.
Clark said he anticipates coming back to the Village Board with concepts and options for a new village hall and rough estimates in the second quarter of next year.
“It’s a significant expense issue that will take some time to work through,” Clark said.
The village does not have a dedicated facilities plan to budget for building expenditures, according to village documents. It relies on general-fund revenues, such as sales tax, property tax and income tax transfers from the state.
Utility rates help pay for building upkeep of the wastewater treatment plant and the well houses.
The senior center is expected to need masonry repairs, wood siding work and window and door work, work on the air conditioning systems, carpet replacement and asphalt replacement.
Other repairs at village hall recommended by consultants Reserve Advisors are masonry repairs, replacement of boilers, a generator and security system components.
Well houses also will need roof replacements.
The board also might have to look at possible costs for anticipated upgrades to the wastewater treatment plant. The village is expecting to be required by the Environmental Protection Agency to make upgrades to meet new phosphorous removal standards.
The improvement is estimated to cost about $800,000 and was not included when the village changed its rate structure earlier this year.
Clark said the village has to review consumption and revenue numbers before determining whether it would need a rate increase, in addition to the annual 3 percent increases planned through April 2018. He added there is a “solid balance in the fund.”
“We also want to be fair to rate payers,” Clark said. “This is not an issue the board takes lightly.”
Expenses over 30 years
Money will need to be spent on village-owned facilities for over the next 30 years for general upkeep and repairs.
• Senior center - $581,716.
• Public Works facility - $2.322 million.
• Village Hall - $3.25million.
• Well houses - $1.08 million
• Wastewater treatment plant - $2.97 million