Agenda - Council Work Session - 03/22/2016

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CC Work Session 2. 2. Meeting Date: 03/22/2016 Information Title: Review 2016-2020 Capital Improvement Plan (CIP) Purpose/Background: The 2016-2020 Capital Improvement Program (CIP) has been prepared as a strategic planning tool to assist the City Council in identifying proposed capital improvement projects over the next five years. The CIP is broken down into the following categories: Capital Improvement Bonding Projects, Equipment Replacement, Municipal Buildings, Park Improvements, Sewer Improvements, Storm Water Improvements, Street Improvements, Street Light Improvements and Water Improvements. Each project includes preliminary funding sources and appropriate background information citing needs and projected cost estimates. A supplemental section titled 'Future Consideration Projects' has also been included. This is a listing of park projects that are prioritized by need and contingent upon availability of resources. These projects are unfunded and unscheduled until resources become available. For the Capital Improvement Plan (CIP) process next year, staff is proposing to create a 10 -year document, instead of the current 5 -year plan. This will not only allow a more detailed plan of the city for the future, but place those projects currently held as "placeholders" in years 2019 and 2020 (so that they do not fall off the radar) to their more appropriate year of being a viable project. The City Engineer and Parks/ Assistant Public Works Superintendent are preparing power point presentations for the worksession which will outline projects contained within the 2016-2020 CIP. The request to schedule a public hearing to consider adoption of the 2016-2020 Capital Improvement Plan will be placed on the consent agenda of the regular City Council meeting of March 22, 2016. The public hearing request date is for the regularly scheduled City Council meeting of April 12, 2016. Timeframe: 30-45 minutes Funding Source: Each project contained within the 2016-2020 Capital Improvement Plan states the respective funding source(s). Responsible Party(ies): Finance Director Outcome: Review and discuss the 2016-2020 Capital Improvement Plan (CIP). Attachments 2016-2020 Draft CIP