City Council Meeting Date: December 5, 2017
To: Mayor and City Council
City Administrator
From: Brenda Angelstad, Finance Director
Dave Bennett, Public Works Director
Title
Consider Adopting the 2018-2022 Capital Improvement Plan (CIP)
Body
Action Requested:
The Northfield City Council adopts the 2018-2022 Capital Improvement Plan
Summary Report:
The Capital Improvement Plan has continued to be reviewed and revised since the initial budget work session in August. The CIP is a planning document, and future years may be modified as new projects and funding sources become available, or City goals change. The 2018 projects are for the most part, included in operating budgets across several City funds. The projects not included in the budget are large projects with outside funding sources (bonds). These will come back for project approval by City Council in 2018. Other projects and equipment may come back for Council approval even if they are in the budget, as we have purchasing and bid requirement policies in place that dictate when Council action is required. Adopting this CIP is giving staff direction to proceed with the 2018 project list.
A summary of the CIP, organized by funding source, is included in the packet. Final CIP books will be available on the City Website in January.
Financial Impacts:
The CIP is tied to the budget. It provides clear direction and transparency for staff, Council, and citizens.
Tentative Timelines:
Ideally the Capital Improvement Plan will be passed with the 2018 budget.