Item Coversheet

*5.A.2.


Shakopee City Council
October 3, 2023


FROM:Nate Reinhardt, Finance Director
TO:Mayor and Council Members
Subject:
2024-2028 Capital Improvement Plan (CIP)
Policy/Action Requested:
Motion to approve the 2024-2028 Capital Improvement Plan (CIP)
Recommendation:
Approve the motion as requested
Discussion:

The City Council and staff reviewed the draft 2024-2028 Capital Improvement Plan (CIP) at a workshop on August 2, 2023.  No significant changes have been made to the plan since that workshop.  

 

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 2024 projects will then be added to the 2024 budget for final approval in December.  All future year's projects (2025 and beyond) are plans at this point that are subject to change and will be updated in future CIP's.

 

The proposed CIP document has been attached and will be placed on the city's website when approved.

Budget Impact:
Projects slated for 2024 will be included in the 2024 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
2024-2028 CIP Changes
2024-2028 Capital Improvement Plan
2024-2028 CIP Presentation