Laserfiche WebLink
City of <br /> Elk=' Request for Action <br /> River <br /> To Item Number <br /> Mayor and Council 8.2 <br /> Agenda Section Meeting Date Prepared by <br /> General Business December 16, 2013 Tim Simon, Finance Director <br /> Item Description Reviewed by <br /> 2014-2018 Capital Improvement Plan Cal Portner, City Administrator <br /> Reviewed by <br /> Action Requested <br /> Approve by motion the adoption of the 2014-2018 Capital Improvement Plan (CIP). <br /> Background/Discussion <br /> Over the past several months, city staff and the Council have reviewed the proposed 2014-2018 CIP. <br /> During work sessions,we reviewed the costs, funding sources, cash flow analysis (5-year projections), and <br /> the general purpose of the projects. The CIP is a revolving document that is re-evaluated on an annual <br /> basis;upon each annual update some projects will be deleted,added, or even delayed,reflecting <br /> community needs and financial ability to fund the project. The CIP is a long-term planning tool and all <br /> purchases over$50,000 will come back to Council for approval per our financial management policies. <br /> This update to the CIP does continue to address the beautification goal with monument signs and <br /> boulevard improvements. In addition,the mining plan and park master plan updates are planned <br /> Two projects that will be discussed further in the future CIP updates are the Ice Arena and Pinewood <br /> Clubhouse projects. Both items are under review by the Park and Recreation Director. <br /> One project planned for 2017 was Natures Edge Business Center Phase II. The Community Operations <br /> and Development Department would like to move that up to 2014. The Economic Development <br /> Director will review the project in work session following the meeting. See page 24 of the CIP document <br /> for layout and funding sources. <br /> City Administration staff recently went out for request for proposals regarding way-finding signage and <br /> will also review with Council in work session. See page 5 of the CIP document. <br /> Financial Impact <br /> See various funding sources identified in the 2014-2018 CIP. <br /> Attachments <br /> ■ 2014-2018 Capital Improvement Plan <br /> ■ 2014 equipment listing purchases (funded out of Equipment Replacement Fund) <br /> ■ Summary of capital outlay requests below$25,000 <br /> P a w E A E U s r <br /> NaA f RE] <br />