Title
Staff Report: FY2027 Capital Improvement Plan Executive Summary Report
Body
Issue/Request:
FY2027 Capital Improvement Plan Executive Summary Report
Key Issues:
· The City's 5-year Capital Improvement Plan (CIP) is updated each year with the first year of expenditure adopted as part of the next fiscal year budget.
· An electronic version of the FY27 CIP Summary Pages is attached.
· The entire DRAFT FY27 CIP has been 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 on April 23, 2026 at the Planning Commission. The Planning Commission will consider adopting the CIP by Resolution to incorporate it into the City's Comprehensive Plan. The City Council will consider adopting the CIP budget in FY27 as part of the FY27 Budget.
In an effort to promote wider dissemination, transparency and reach more residents, the DRAFT FY2027-2031 CIP was published for public review and comment as part of a virtual public meeting on the City’s website from April 13 to 22, 2026. The draft CIP documents will be available for review online, on the City's website. Residents can also find the CIP comment page by going to www.cityofls.net, and then type "capital improvement" in the search box ...
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