Title
Capital Investment Program (CIP) Updates & Draft 2025-2029 CIP
Body
Summary and Background Information:
City staff have historically prepared a Five-Year Capital Investment and Preservation Plan (CIPP) every summer, with the first year of the CIPP being included in the annual budget proposed for City Council adoption in the Fall. Last year, the CIP Team rebranded the CIP and enhanced the project categorization and evaluation process. This process is being repeated and further enhanced this year.
Staff have reviewed project proposals and prepared the Draft 2025-2029 CIP materials included in the July 22, 2024, City Council Study Session packet. These materials are prospective in nature and summarize recommended capital plans for the next five years. Materials included in the Draft 2025-2029 CIP include:
· PowerPoint Presentation providing an update on the Draft 2025-2029 CIP Process, including a preview of the CIP Dashboard for reporting
· Draft 2025-2029 CIP
· Project Pages for projects included in the Draft 2025-2029 CIP (prospective view)
Staff continue to review current CIP projects and efforts. A very apparent challenge in completing all current CIP projects, is the sheer quantity of current projects. There are over 100 current CIP projects. Staff have thoroughly reviewed these current projects and placed these projects into two categories - “Active Projects” and “On Deck (forthcoming) Projects”. The purpose of this effort is to narrow focus on a set of Active Projects that are well underway and intently concentrate on completing those projects before moving on to the next set of “On Deck (forthcoming) Projects.” This realistic approach will set staff up to more successfully achieve project delivery results the community needs and deserves.
As a follow-up to this initial Draft 2025-2029 CIP discussion on July 22nd, staff is in the process of finalizing additional materials to provide a thorough update on existing CIP project plans during the Aug...
Click here for full text