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City Cf Elk River <br />CAPITAL IMPROVEMENT PLAN <br />2010-2014 <br />Enclosed is the City of Ell{ River's Capital I~nproveinent Plan (CIP for the years 2010 <br />2014. The document has been prepared for the City Council and Cor~nuzaity to <br />anticipate major expenditu~•es in advance of the year they may come budget requests. <br />Tlae CIP is a planning tool that forecasts the City's capital .eeds ~7cr a five-year period <br />based on the City's long-range plans, goals, and policies: pity staf~`ti~nates the amount <br />of funding that is needed for projects to be completed ~n :tl~~ next fxv~' ears. Projects <br />listed in the first year are included in the budget and upon each an~lual sae of the CIP <br />some projects will be deleted, added, or even delayed reflecting communi~ ids and <br />financial ability to fund floe project, ~ m <br />~. <br />Approval of the CIP by Council does:. dot authorize spending or initiation of a given <br />project nor allocate funding for any of ~ projects; it simply states that the Council's <br />support and acl~owledge~nent of the Ca~~:1 pp~ove~nent Play: ~s a planning tool, <br />Capital ilnprovei~nents to streets, parks, buiings equ~p.~~ software, and vel~icles are <br />included in tl~e CIP, Tl~zs plan snows floe es~i.~ated proj~ costs and the anticipated <br />funding source. Spe~f~c infor~ation is showy on each prof ect within this document, <br />;` <br />The CIP does not put specific siaton on the priority of the projects. This uniqueness <br />of the t e of ro'cct ene~all is associated. ~~th a fundin source. Cash flow estimates <br />yp ~ ~ ~: ~ t g <br />are done f~equentl~~ view cash. reserve levels associated with the project funds. <br />~~~ <br />~.. <br />