Item Coversheet

8.A.2.


Shakopee City Council
September 21, 2021


FROM:Nate Reinhardt, Finance Director
TO:Mayor and Council Members
Subject:
2022-2026 Capital Improvement Plan (CIP)
Policy/Action Requested:
Adopt the 2022-2026 Capital Improvement Plan (CIP).
Recommendation:
Approve the motion as requested.
Discussion:

The City Council and staff reviewed the draft 2022-2026 Capital Improvement Plan (CIP) at a workshop on July 20, 2021.  The proposed CIP document has been attached and will be placed on the city's website when approved.

 

The CIP is part of the budget process, but is not a budget, it is a plan.  It is also a plan that changes often.  Once the CIP is officially adopted by council, the 2022 projects will then be added to the 2022 budget for final approval in December.  All future year's projects (2022 and beyond) are plans at this point that are subject to change and will be updated in future CIP's.

Budget Impact:
Projects slated for 2022 will be included in the 2022 budget.  In addition, all projects over the $25,000 purchasing threshold will be brought forward to Council prior to letting contracts for final approval.
ATTACHMENTS:
Description
2022-2026 CIP Changes Summary
2022-2026 Capital Improvement Plan
CIP Presentation