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, , COUNCIL MEETING <br /> JAN 13 2014 <br /> REQUEST FOR COUNCIL ACTION C�TY OF ORONO <br /> DATE: January 13, 2014 <br /> ITEM NO: � <br /> Department Approval: Administrator Re ewed: Agenda Section: <br /> Name Jesse Struve Public Works Director/ <br /> Title Public Works Director/City Engineer City Engineer's Report <br /> Item Description: Capital Improvement Plan P <br /> List of Exhibits <br /> A- Capital Improvement Plan <br /> In 2012, City staff and Bolton & Menk worked over an 8 month period collecting information and <br /> combining everything into the 20l 3 Capital Improvement Plan (CIP). The 2013 CIP was adopted by the <br /> City Council on December 10, 2012. In a continuing effort to keep documents current, staff reevaluated <br /> equipment and the needs of all departments and updated the 2013 CIP to reflect the current needs for <br /> 2014. <br /> A CIP is a very useful document which will be revisited and updated on a yearly basis. It outlines <br /> anticipated large budget expenses and provides long term planning(15 yrs) for future expenses. The CIP <br /> is useful for elected officials in the budget review process and shows how today's decisions impacts <br /> future fund balances. <br /> Approving the CIP does not authorize any expenditure. Staff is still required to bring any expenditure to <br /> Council for approval. Council has discussed the Draft CIP at two prior work sessions, and many of the <br /> comments and concerns raised have been addressed in the current document. <br /> Staff is recommending approval of the 2014 CIP. <br /> COUNCIL ACTION REQUESTED: <br /> Consider a motion to approve the 2014 CIP. <br />