Title
FY27 DRAFT Capital Improvement Plan
Body
Issue/Request
Presentation: FY27 DRAFT Capital Improvement Plan - Published for Public Comment.
Key Issues:
o The City's 5-year Capital Improvement Plan (CIP) is updated each year with the first year of expenditures adopted as part of the next fiscal year budget.
o An electronic version of the FY27 CIP Summary Pages is attached.
o The entire FY27 CIP will be posted online for viewing and public comment
Background:
The City's 5-year Capital Improvements Plan (CIP) serves as a planning document that incorporates both project and financial planning for infrastructure improvements throughout the city. The plan is organized into eight categories: Public Works/Water Utilities Programs; Airport; Bridges, Streets & Signals; Facilities; Parks & Recreations; Stormwater; Sanitary Sewer; and Water.
The plan is updated each year to remove completed projects, add new projects, re-sequence projects, and revise cost estimates and schedules of ongoing projects as appropriate. The proposed document is financially constrained to match anticipated expenditures with anticipated revenues on a cash flow basis.
By state law, all publicly constructed projects must be presented at a public hearing. This will occur in April at the Planning Commission. The Planning Commission will adopt the CIP to incorporate it into the City's Comprehensive Plan. The City Council will consider adoption of the CIP for FY27 Budget.
In an effort to promote wider dissemination and reach more residents, the FY2027-2031 CIP will be available for public review and comment as part of a virtual public meeting on the City’s website. Though public comments are solicited for the draft CIP FY2027-2031, and during the public hearings, public comments may be submitted at any time throughout the year for consideration of the next year's CIP. The draft CIP documents and adopted CIP will be available online, on the City's website. Residents can also find the CIP...
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