Laserfiche WebLink
<br />Request for Action <br /> <br /> <br /> <br /> <br /> <br />To Item Number <br />Mayor and Council 4.8 <br />Agenda Section Meeting Date Prepared by <br />Consent December 6, 2021 Lori Ziemer, Finance Director <br />Item Description Reviewed by <br />2022-2026 Capital Improvement Plan Cal Portner, City Administrator <br />Reviewed by <br /> <br /> <br />Action Requested <br />Adopt, by motion, the 2022-2026 Capital Improvement Plan (CIP). <br /> <br />Background/Discussion <br />City staff and the Council have reviewed the proposed 2022-2026 CIP leading up to its adoption. During work <br />session, we reviewed the specific projects, costs, funding sources, and 5-year cash flow projections. The CIP is <br />a strategic planning document that is re-evaluated on an annual basis and upon each annual update some <br />projects will be deleted, added, or even delayed, reflecting community needs and the financial ability to fund <br />the project. <br /> <br />Approval of the CIP does not authorize spending or initiation of a given project, but the City Council simply <br />accepts and acknowledges the document with the provision that capital improvement planning is subject to <br />the dynamics of the community and other unanticipated needs. Purchases over $50,000 will come back to <br />Council for approval per the financial management policy. <br /> <br />A few highlights of the CIP for 2022 include: <br /> Natures Edge Business Center III infrastructure <br /> Business Center Drive extension <br /> Twin Lake Parkway extension <br /> Trott Brook tennis court <br /> Roof replacements for city hall and Northbound liquor store <br /> Equipment replacement includes patrol squads, fire vehicles, parks, and streets equipment <br /> Sewer lift station improvements <br /> <br />Financial Impact <br />Projects and funding sources are identified in the 2022-2026 CIP. <br /> <br />Mission/Policy/Goal <br />Develop a sustainable and prosperous community that reflects the culture of its citizens. <br /> <br />Attachments <br /> 2022-2026 Capital Improvement Plan <br /> <br />