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EOty1� ,.,�� Request for Action <br /> River <br /> To Item Number <br /> Mayor and Council 4.7 <br /> Agenda Section Meeting Date Prepared by <br /> Consent November 18, 2019 Lori Ziemer, Finance Director <br /> Item Description Reviewed by <br /> 2020-2024 Capital Improvement Plan Cal Portner, City Administrator <br /> Reviewed by <br /> Action Requested <br /> Adopt,by motion, the 2020-2024 Capital Improvement Plan (CIP). <br /> Background/Discussion <br /> City staff and Council have reviewed the proposed 2020-2024 CIP leading up to its adoption. During <br /> work session,we reviewed the specific projects, costs, funding sources, and 5-year cash flow projections. <br /> The CIP is a revolving document that is re-evaluated on an annual basis and upon each annual update <br /> some projects will be deleted, added, or even delayed,reflecting community needs and the financial ability <br /> to fund the project. <br /> The CIP is a long-term planning tool and all purchases over$50,000 will come back to Council for <br /> approval per our financial management policies. <br /> A few highlights of the CIP for 2020 include: <br /> ■ IT infrastructure upgrade <br /> ■ Wayfinding signage, final phase <br /> ■ Comprehensive Plan update <br /> ■ Equipment replacement to include: patrol squads, fire grass truck, and dump trucks <br /> ■ Woodland Trails grant project <br /> ■ Architectural design of public safety facilities <br /> ■ Twin Lakes Road extension <br /> Financial Impact <br /> Projects and funding sources are identified in the 2020-2024 CIP. <br /> Attachments <br /> ■ 2020-2024 Capital Improvement Plan <br /> POWERED 6T <br /> A IR <br />