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What is the Capital Improvement Plan? <br />A capital improvement plan (CIP) is a long-range planning and fiscal management tool used to match capital needs with funding sources over a multi-year period. <br />A capital improvement is any equipment purchase, addition or alteration to real property that adds to the value or prolongs the life of the real property. <br />The CIP identifies: <br />Description <br />Estimated Cost <br />Project Timeline <br />Project Funding Source <br />Final Adoption scheduled at the November 12th Council Meeting