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Finance Committee <br />Meeting Date: 11/12/2013 <br />By: Diana Lund, Finance <br />Information <br />Title: <br />2014-2018 Capital Improvement Plan (CIP) <br />Purpose/Background: <br />Purpose: The Capital Improvement Plan (CIP) is a strategic planning tool to assist the City Council in identifying <br />proposed capital improvement projects over the next five years. <br />The CIP is broken down into the following categories: Capital Improvement Bonding Projects, Equipment <br />Replacement, Municipal Buildings, Park Improvements, Sewer Improvements, Site Acquisitions, Storm Water <br />Improvements, Street Improvements, Street Light Improvements and Water Improvements. <br />Each project includes preliminary funding sources and appropriate background information citing needs and <br />projected cost estimates. It should be noted that some projects are listed as unfunded, or cause future cash flows to <br />become negative in respective funds. This is particularly true related to the funding for park improvements, street <br />improvements and equipment replacement purchases. Their respective funding sources are depleted within the next <br />couple of years. These projects are listed as they are deemed as possible future projects and contingent upon <br />funding being determined at a later date. <br />Notification: <br />The Capital Improvement Plan is adopted at a regularly scheduled City Council meeting after a public hearing has <br />been held. <br />Observations/Alternatives: <br />This is a draft form document only at this time, open for comment. <br />Funding Source: <br />Not Applicable <br />Recommendation: <br />Review draft 2014-2018 CIP. <br />Action: <br />Review of draft 2014-2018 CIP. <br />Draft 2014-2018 CIP <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Kurt Ulrich 11/07/2013 03:48 PM <br />Form Started By: Diana Lund Started On: 11/05/2013 01:39 PM <br />Final Approval Date: 11/07/2013 <br />