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CITY OF ELK RIVER <br />2003 - 2007 CAPITAL IMPROVEMENT PLAN <br /> <br />Introduction <br /> <br />The Capital Improvement Plan (CIP) is a comprehensive, multiyear plan that identifies <br />~ture capital projects and major equipment purchases. The CIP is a planning tool used by <br />elected officials and city staff. The capital improvements identified in the plan include <br />equipment, vehicles, public infrastructure improvements, 'and facilities. <br /> <br />In addition to serving as a major planning toot, the CIP does the following: <br /> <br />Establishes an orderly capital improvement program <br /> o: Capital Improvements take place in a logical order b~ed on priority and <br /> financing availability <br /> o Capital Improvement Funding will be more consistent from year to year <br /> <br />o Keeps the public informed of Future needs <br /> <br />o Integrates plans and projects from all depzuunents into one overall plan <br /> <br />o Allows time for adequate planning and financing o£capital improvements <br /> <br />The CIP is developed based on input from all city deparauents and the City Council. The <br />timing and priority of each item in the plan are subject to change based on available Funding <br />and the City CounciI's review of' changes in safety conditions, public service needs, and other <br />factors. <br /> <br /> <br />