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Major CIP Items The CIP identifies a number of major capital items that are expected to be needed in order to sustain current programs and service levels. Over the next fiveyears, these major items include: $20million in water and sewer infrastructure $11million in streets and pathways $6 million in vehicles and equipment $5 million in general facilities improvements $4million in parks & recreation-related improvements Greater detail on these projects can be found in the full version of the Capital Improvement Plan, but a brief overview is presented below. Five-Year Capital Improvement Plan Overview As noted above, the largest planned capital investment over the next fiveyears is associated with the City’s water and sewer infrastructure, much of which was originally installed in the 1960’s and 70’s. Some segments of this original infrastructure has already been replacedor undergone re-lining procedures.The remainingimprovements are expected to take place over the next 10-15 years. Another significant investment will take place with the City’s streets and pathways as these infrastructure components proceed through their normal resurfacing and replacement cycles. This includes $6 million for the mill & overlay of neighborhood streets, as well as another $5 million for the replacement of major thoroughfares including Municipal State-Aid streets. Beginning in 2018, the City will turn its attention to the remaining parksystem assets that were not addressed during the recent Park Renewal Program.The Skating Center will require nearly $3.9million over the next fiveyears to replace various components. In addition, playgrounds and athletic fields & surfaces throughout the City will require $3.7million of new investment to replaceaging structures and poor conditions. As noted earlier, the City’s general vehicles and equipment replacement needs are expected to total roughly 6million over the nextfiveyearsas part of City’s normal asset replacement cycle. Aside from the parks & recreation facilities noted above, the City expectsto make approximately $1.6million in repairs or renovationsto various components ofCity Hall, Public Worksbuilding, and the Fire Station. Five-Year Financial Impact With approximately $50million in new capital investments over the next fiveyears, the CIP is expected to have animpact on property taxpayers,but not necessarily on utility customers. Significant rate increases were enacted during previous years for theCity’s water, sanitary sewer, and storm sewer functions to fund scheduled improvementson a pay-as-you-go basis.However, for 2018and beyond inflationary-type rate increases will be necessary. The impact on property taxpayersis depicted in the chart below. 79