Laserfiche WebLink
The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community <br />engagement that encourages and inspires prosperity <br /> <br />Request for Action <br /> <br />To <br />City Council <br />Item Number <br />4.8 <br /> <br />Meeting Date <br />December 1, 2025 <br />Prepared By <br />Lori Stich, Finance Manager <br /> <br />Item Description <br />2026 - 2030 Capital Improvement Plan <br />Reviewed by <br />Lori Stich <br />Joe Stremcha <br />Cal Portner <br />Tina Allard <br /> <br />Action Requested <br />Adopt, by motion, the 2026-2030 Capital Improvement Plan (CIP). <br /> <br /> <br />Background/Discussion <br />City staff and Council reviewed the proposed 2026-2030 CIP during a Regular Meeting Work Session. We <br />reviewed the specific projects, costs, funding sources, and 5-year cash flow projections. The CIP is a strategic <br />planning document that is re-evaluated on an annual basis. Upon each annual update, some projects will be <br />deleted, added, or even delayed, reflecting community needs and the financial ability to fund the projects. <br /> <br />Approval of the CIP does not authorize spending or initiation of a given project. The City Council accepts and <br />acknowledges the document with the provision that capital improvement planning is subject to the dynamics <br />of the community and other unanticipated needs. Projects presented in the CIP will come back to the Council <br />for approval per the financial management policy. <br /> <br />The Parks and Recreation Commission has discussed projects funded by the Park Improvement Fund and Park <br />Dedication Fund. The Commission recommends the projects that have been included in the CIP. The 2026- <br />2030 CIP expenditures will be reviewed closely through the Parks and Recreation Master Plan development <br />process in 2026. Projects will be prioritized according to the funds available. <br /> <br />A few highlights of the CIP for 2026 include: <br />▪ Parks and Recreation Master Plan <br />▪ FTCenter parking lot expansion <br />▪ Updates at the PT Complex and Hillside Park <br />▪ Basketball court at Ridgewood East Park <br />▪ Lease of Turf Tank for athletic field marking <br />▪ Equipment replacement, including police squads, a fire vehicle, and parks and streets division <br />equipment <br /> <br /> <br />Page 67 of 312