11-17-2021 Council Packet - Laserfiche WebLink

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STAFF REPORT TO: Mayor Keis and Members of City Council FROM: Chris Heineman, City Administrator Brenda Malinowski, Finance Director Bill Dircks, Public Works Director Bryce Shearen, Parks & Recreation/Community Services Manager DATE: November 17, 2021 RE: Capital Improvement Plan (CIP) 2022-2031 ACTION REQUESTED: Motion to approve the 2022-2031 Capital Improvement Plan (CIP). BACKGROUND: The CIP is a planning document intended to provide an estimate of capital needs and funding. The CIP process is a way to balance the amount of capital spending on an annual basis. This creates consistency in capital funding and a more predictable demand on staff resources. In previous years, the City of Little Canada had adopted a 5-year Capital Improvement Plan. In order to better assess the long-term capital investments in public facilities and infrastructure that will be required to successfully carry out our mission, we are transitioning to a 10-year Capital Improvement Plan beginning in 2022. This will also enable staff to identify potential funding shortfalls in future years and plan for alternative funding sources as needed. The 2022 projects in the CIP will be included in the 2022 Annual Budget that Council adopts in December. For 2023 projects, staff will request authorization from Council before proceeding with any expenditure. While this is a ten-year plan, projects can be changed, accelerated if funds become available, or delayed if other projects become a priority. While both the Twin Lake Boulevard and Country Drive are identified to be reconstructed in 2023 and 2024 respectively, feasibility reports were approved by Council this summer for these projects. These projects may be eligible for outside funding sources such as the Local Roadway Improvement Project (LRIP) funds which would alleviate the need for city funds. Although the Pioneer Park play node is scheduled for 2023, planning and grant solicitation will occur in 2022. Any additional funds that are secured for this project will have a positive impact on future projects in the General Capital Improvements funds including other projects at Pioneer Park.