Staff requests formal adoption of the FY 2024-2029 Capital Improvements Program (CIP) via the attached resolution. As you know, the CIP is an essential component for addressing the long-term infrastructure and facility needs of the community in a systematic and financially responsible manner.

The proposed six-year plan includes 54 projects and improvements with a total anticipated investment of approximately $201,320,000. Approximately 69% of the proposed expenditures are related to various transportation and utilities projects, with an additional 13% related to City facilities and equipment.  The remaining projects are focused on the parks, technology, and storm drainage needs of the City.

The draft CIP was reviewed by the City Commission at a work session on April 6, 2023, with formal public hearings on May 22, June 12, and June 26.