Item Coversheet

10.A.1.


Shakopee City Council
October 4, 2022


FROM:Nate Reinhardt, Finance Director
TO:Mayor and Council Members
Subject:
2023-2027 Capital Improvement Plan (CIP)
Policy/Action Requested:
Motion to approve the 2023-2027 Capital Improvement Plan (CIP)
Recommendation:
Approve the motion as requested.
Discussion:

The City Council and staff reviewed the draft 2023-2027 Capital Improvement Plan (CIP) at a workshop on July 19, 2022.  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 2023 projects will then be added to the 2023 budget for final approval in December.  All future year's projects (2023 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 2023 will be included in the 2023 budget.  In addition, all projects over the $25,000 purchasing threshold will be brought forward to Council for final approval prior to entering into any contracts.
ATTACHMENTS:
Description
2023-2027 CIP Changes Summary
2023-2027 Capital Improvement Plan
CIP Presentation