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Capital Improvement Plan - Priority Codes & Definitions <br /> Priority <br /> 1 Existing Obligations-High Priority: Year 2025 or 2026 <br /> Projects under this priority are previously committed to or are replacements <br /> Example: Road reconstructions,equipment replacement <br /> 2 New Addition-High Priority: Year 2025 or 2026 <br /> Projects under this priority are needed, but have no previous commitments <br /> Example: Road extensions,additional park amenities <br /> 3 Existing Obligations-Medium Priority: Year 2027-2034 <br /> Projects under this priority are previously committed to or are replacements <br /> but not as urgent to fulfull as those in priority 1 <br /> Example: 5th year forward of road reconstructions; equipment replacement <br /> 4 New Addition-Medium Priority: Year 2027-2034 <br /> Projects under this priority are needed, but have no previous commitments <br /> but need is not as great as those listed in priority 2 <br /> Example: Public Works Campus; new capital equipment <br /> . 5 Opportunity Driven/Unfunded/Placeholder IN <br /> Projects under this priority are development driven and/or have outside <br /> funding capacities such as grants and/or placeholders for projects that <br /> may occur after year 2034. <br /> Full funding on these projects have not been determined. <br /> Example: Community Center <br /> 14 <br />