Agenda - Council Work Session - 11/07/2022

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CC Work Session 2.3. Meeting Date: 11/07/2022 Information Title: Review of 2023-2032 Capital Improvement Plan (CIP) Purpose/Background: The 2023-2032 Capital Improvement Plan (CIP) has been prepared as a strategic planning tool to assist the City Council in identifying proposed capital improvement projects over the next ten years. The CIP is broken down into the following categories: Capital Equipment, Municipal Buildings, Park Improvements, Sewer Improvements, Storm Water Improvements, Street Improvements, Street Lighting 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 contingent upon availability of resources. These projects are unfunded and unscheduled until resources become available. The CIP must be formally adopted after a public hearing is held. The CIP was presented at the October 25 worksession. There were two recommendations requested and completed: Push out the Community Center (CIP Project #04-Bldg-002) time frame to the last year possible - 2032 as not a foreseeable future project, but don't want it to fall off, and remove under the Park Supplemental CIP the Lake Itasca Park -Parking, Trail and Canoe System (Park Supplemental CIP Project #18-Park-004) as there is no water in the park. It was recommended that the CIP come back to the next worksession to see if there were any questions by those members that were not present at the October 25 meeting and to place the item on the November 7 Council agenda to ask for the Public Hearing on the 2023-2032 CIP. Staff is proposing the following schedule for the adoption of the 2022-2031 CIP: November 7 Worksession review City Council meeting Schedule Public Hearing Date of November 22 November 22 - Public Hearing & Adopt 2023-2032 CIP Timeframe: 15 minutes Funding Source: Responsible Party(ies): Finance Director Outcome: Review and discuss the 2023-2032 Capital Improvement Plan (CIP).