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A Few Terms <br />A Brief History of the CIP <br />After over 12 years of extremely small tax increases and <br />consequent neglect of our capital needs, in 2011, the City <br />What is the CIP? <br />Council established a CIP Committee to evaluate the <br />The CIP or Capital Improvement Plan is a projection by the City Government <br />of its needs for a specified period. <br />City’s long term capital replacement needs and methods <br />for financing those needs. <br />What are some of the items in the CIP? <br />Vehicles and Equipment Fund <br />At that time, the City’s needs were projected to be $218.5 <br />Facilities Fund <br />Street Lighting Fund <br />million. Funding sources were estimated to be $69.7 <br />Pathway Maintenance Fund <br />million leaving a gap of $148.8 million or $7.44 million <br />Park Improvement Fund (PIP) <br />per year. <br />Pavement Management Fund (PMP) <br />Water, Sanitary Sewer, and Storm Sewer Funds <br />Cedarholm Golf Course Fund <br />WhatÓs In This Gap? <br /> <br />A Brief History, Continued <br /> This gap of $69 million includes the remaining <br />capital needs for: <br />In 2012 and 2013 the Committee recommended and the <br />Council approved recommendations including a series of <br /> Street Replacement (PMP) <br />tax levies and utility rate increases designed to focus on <br /> <br />sustainability for vehicle and equipment, facilities, and <br /> Park Improvements (PIP) <br />water and sewer infrastructure. <br /> <br /> New Pathways <br />In 2013 the Committee reconvened. The needs are now <br /> <br />$203 million with funding sources projected to be $134 <br /> Information Technology <br />million leaving a gap of $69 million or $3.45 million <br /> <br />per year. <br /> Cedarholm Golf Course <br /> <br />