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CITY OF RAMSEY <br /> CAPITAL IMPROVEMENT/CAPITAL OUTLAY PLAN <br /> 2017-2026 <br /> Enclosed is the Ramsey Capital Improvements/Capital Outlay Plan (CIP) for the years 2017-2026. It <br /> has been prepared in an attempt to anticipate major capital expenditures in advance of the year in which <br /> they are budget requests. Further, several projects may interrelate or require other improvements prior <br /> to initiation, which would cause delays without prior planning. Additionally, projects may require <br /> budgeting over several years or receipt of funds from other sources (i.e. grants) requiring planning <br /> completion prior to the funding year. Finally,the plan enables a snapshot of the identified capital needs <br /> of the community allowing for continual prioritization of these needs. <br /> The process for completing the 2017-2026 CIP was much the same as the process for the 2017 General <br /> Fund Budget. Project requests were submitted by all divisions and reviewed by the Management Team <br /> and appropriate supervisors to establish the feasibility and priority of the projects and match with <br /> available financing. <br /> CAPITAL IMPROVEMENT PLAN GOALS <br /> ACKNOWLEDGE AND COMMUNICATE <br /> PUBLIC INFRASTRUCTURE PRIORITIES AND DYNAMICS <br /> ENSURE APPROPRIATE RESPONSES <br /> TO CHANGING INFRASTRUCTURE NEEDS AND DEMANDS <br /> DEVELOP A FINANCIAL ASSESSMENT OF CAPITAL RESOURCES <br /> AVAILABLE TO MEET FUTURE CAPITAL PROJECT NEEDS <br /> ENCOMPASS THE CITY'S STRATEGIC PLAN'S INITIATIVES: <br /> FINANCIAL STABILITY; A CONNECTED COMMUNITY; SMART, <br /> CITIZEN-FOCUSED GOVERNMENT; AN EFFECTIVE ORGANIZATION <br /> Approval of the CIP by Council does not authorize spending or initiation of a given project. It does, <br /> however,provide a guide for the community for a whole array of private and public decision-making, <br /> impacted by public capital expenditures. Therefore, the CIP should receive ratification only if the <br /> Council perceives actions contemplated within the plan as reasonable and planned within justified time <br /> frames. It shall further be noted that initial project design of public infrastructure projects identified <br /> within this plan often begins two years or more prior to the date of construction. <br /> 8 <br />