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CC Work Session 2. 2. <br />Meeting Date: 11/12/2019 <br />Information <br />Title: <br />Review of 2020-2029 Capital Improvement Plan (CIP) <br />Purpose/Background: <br />The 2020-2029 Capital Improvement Plan (CIP) has been prepared as a strategic planning tool to <br />assist the City Council in identifying proposed capital improvement projects over the next ten <br />years. The CIP is broken down into the following categories: Capital Improvement Bonding <br />Projects, Capital Equipment, Municipal Buildings, Park Improvements, Sewer Improvements, <br />Storm Water Improvements, Street Improvements, Street Light Improvements and Water <br />Improvements. <br />Each project includes preliminary funding sources and appropriate background information <br />citing needs and projected cost estimates. <br />A supplemental section titled 'Future Consideration Projects' has also been included. This is a <br />listing of park projects that are contingent upon availability of resources. These projects are <br />unfunded and unscheduled until resources become available. <br />The CIP must be formally adopted after a public hearing is held. <br />Staff is proposing the following schedule for the adoption of the 2020-2029 CIP: <br />November 12 - Council worksession to further review CIP inclusions <br />November 26- Further worksession review if needed & City Council meeting Schedule Public <br />Hearing Date of December 10 <br />December 10 - Public Hearing & Adopt 2020-2029 CIP <br />Timeframe: <br />30 minutes <br />Funding Source: <br />Each project contained within the 2020-2029 Capital Improvement Plan (CIP) states the respective funding <br />source(s). <br />Responsible Party(ies): <br />Finance Director <br />Outcome: <br />Review and discuss the 2020-2029 Capital Improvement Plan (CIP). <br />