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CITY OF LITTLE CANADA CAPITAL IMPROVEMENT PLAN 2021-2025 INTRODUCTION The City of Little Canada utilizes a Capital Improvement Plan (CIP) to schedule proposed public improvements and purchases over a five-year period. Significant purchases and improvements beyond five years are included when the project and costs have been identified. The Plan matches proposed expenditures and revenues by project. The CIP is a planning document intended to assist policy makers and staff to plan for major capital improvements, renewal, and replacement expenditures. As a planning document, the CIP does not bind the City to the anticipated expenditures in the projected years. The CIP is not a budget, nor is it an authorization to expend funds. The authorization of the expenditures occurs through City Council action and in the adoption of the annual budget. 2021 Projects will be included in the 2021 Budget that Council adopts in December. For projects beyond 2021, staff will request authorization from Council before proceeding with any expenditure. As a planning document, the CIP facilitates two distinct planning purposes. First, the CIP is a tool that is used to implement the goals identified in the City’s Comprehensive Plan. As the City looks at future projects, it is important to make sure that they will appropriately integrate with the Comprehensive Plan. Second, the CIP is a financial planning document. The CIP is to be reviewed each year per the City’s Financial Policies. As capital expenditures are identified in various periods of time, it is important to appropriately plan so that the necessary funding is available when these expenditures take place. In 2019, the City Council adopted a Strategic Plan. The first step in this Plan was to create a practical vision for the next 3-5 years. This vision has been used to prepare the CIP. Specific goals included in the practical vision are as follows: By 2025, Little Canada: • Has a defined town square plan • Has flexible gathering spaces that will engage everyone • Has increased, diversified citizen engagement • Has modernized codes & all records are incorporated into efficient, functional formats • Has sustainable core services that are accountable to the public • Has an enhanced internal and external trail system • Has provided additional park amenities and opportunities to engage the community • Has revitalized key commercial corridors • Is maintaining, and has created, new housing opportunities From these practical goals, four strategic directions were identified to help achieve this vision: 1. Enhance and Empower the Community 2. Create Operational Efficiency 3. Maximize the City’s Assets to Catalyze Development 4. Mandate Action and Accountability Every effort has been made to draft the document as conservatively and realistically as possible, while maintaining the integrity of the funds. The concept of the fund integrity includes accounting for project costs in the funds that have been designated for those costs to occur. 1DRAFT DOCUMENT 10-09-2020