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Introduction <br />The Capital Improvement Plan is a schedule of proposed public protects and <br />purchases, over a five -year period. Capital Improvements are projects ;which <br />require the acquisition, construction or replacement of variouscifities, including <br />public buildings, street, utilities and parks. The Capital Improvement Plan also;. <br />addresses the level of service since it includes the purchase of equipment and <br />vehicles. <br />The purpose of the Capital Improvement Plan is three -f <br />capital expenditures which will be requested over the fir' <br />the Capital Improvement Plan determines a :.source of <br />Third, it provides an opportunity for long term planning <br />The Capital improvement Plan should be a map and ; -a <br />where the City wants to go and how it will get there. Once <br />it should not be put aside an rgotten. In order to gain <br />plan, there needs to bas,, a constant revision process that <br />• <br />old. First, it identifies: <br />five period. Second, <br />funding for requests. <br />and accuracy of the picturett the planipresents. <br />The plan not only tells the vier when <br />successfully, but it facilitates ri <br />political environment changes. <br />financial tool <br />guide to. the users of <br />.the plan 4is formulated, <br />maximum use out of the <br />maintains the integrity <br />ings are going or if goals are being met <br />on and declaion making if the financial or <br />e "Capital Improvement Plan is a planning and <br />The plan is a planning tool since it prcts into the future, establishes policies <br />ai analyzes various requests in e comprehensive fashion. The plan is a <br />naffing tool sic tabltshes- .levels of funding and provides the basis for <br />looking';at Iongr_ange financial -options. <br />The most important thing to remember when discussing a Capital Improvement <br />n is that rt not etched in granite. It is a management tool that should <br />enhance ning, not stifle it If the plan is referred to and reviewed on <br />an annual or regular basis, it will be responsive to the environmental changes <br />that cold make t obsolete unless they are addressed in some way. A well <br />maintained plan is the key to success for the City departments and the City as a <br />whole. <br />• <br />• <br />