Capital Improvement Plan

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Capital Improvement Plan (CIP)

The Five-Year Capital Improvement Plan projects the maintenance and needed improvements of the City’s facilities and infrastructure, while carefully balancing the City’s financial capacity and budgetary needs. The adoption of a Five-Year CIP enables the City to proactively address and evaluate infrastructure needs over multiple years. It provides the opportunity to phase project funding, to coincide with projected construction schedules and the availability of funds. The CIP also enables the City to plan for the impact of new facilities on future operating and debt service budgets.

The Capital Improvement Plan provides both the public and Commission with information about the City’s plans for new facilities and infrastructure. The CIP development and approval process is a separate budgeting process from the operating budget. Capital projects are prioritized based on the policies of the City Commission, which are conveyed through the Commission’s goals and the adopted Comprehensive Plan. Other criteria include the need to protect health and safety, the maintenance of City infrastructure, compliance with Federal and State mandates, and minimizing the impact of additional operating costs to tax payers. The City utilizes a combination of funding sources such as pay as you go, grant funding and bond/debt to fund capital projects.