CIP FY 26-30 Final - Flipbook - Page 13
Capital Improvement Plan
Introduction:
Development of the CIP is an annual process that allows the City to evaluate projects based on ever
changing conditions and shifting priorities.
The Five-Year Capital Improvement Plan (CIP) provides a guide in identifying all of the capital project
needs of the City for the next five years. This document is the product of departmental submittals
forecasting the infrastructure requirements for that period.
The plan includes major capital projects and acquisitions of over $25,000 with a useful life of five years
or more. When the project meets the budget threshold, repair and maintenance spent using operating
accounts may also be included in the CIP.
The CIP Process:
Department Directors provide updated information on projects submitted last year for the CIP. They
re-evaluate those projects based on current economic conditions, requirements of the
Comprehensive Plan, requirements to adhere to the City’s Strategic Plan, the need to expand City service
levels, and the need to meet renewal and replacement demands on existing infrastructure. Department
heads submitted their CIP projects and prioritized those projects based on the following criteria:
1. Risk
a) Eliminates a current or future safety concern
b) Addresses a hazardous condition
c) Replaces or updates equipment or facilities that are not efficient or functionally serving their
intended purpose
d) Meets pending compliance requirements from other agencies
e) Maintains City assets at a level adequate to protect assets and minimize future maintenance
and replacement costs (this would include Comprehensive Plan service level deficiencies)
2. Return on investment
a) Highly visible projects
b) The project’s benefit outweighs the cost of the project within a short period
c) Has the potential to generate economic development
3. Level of Service Maintenance - Projects needed to maintain the City’s desired service levels.
4. Improved Level of Service - Projects that provide a new service or improve the current level of
service based on increased demand.
The following list includes the following major projects in the five-year CIP:
•
Fire Station # 3 (Fire/Sales Tax)- $3,250,000
•
Street Resurfacing Citywide (Roads/Sales Tax) - $2,480,000
•
Library Expansion (Library/Sales Tax) - $2,000,000
•
Fire Trucks (2) (Fire/Sales Tax) - $2,000,000
•
Ground Storage Tank (Utility/Water) - $1,900,000
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