Staff will present the proposed Capital Improvement Plan (CIP). Staff will be available to answer questions, but no recommendation is provided for the work session. The CIP will be presented for Council consideration and vote at a regular meeting in December.

The Capital Improvement Plan (CIP) is a critical component of our city's financial management and planning, serving as a blueprint for capital projects over the next five years. It is important to understand the significance of the CIP in ensuring responsible stewardship of our city's resources and the long-term well-being of our community.A CIP is a document that outlines a five-year strategy for capital projects. Capital projects are defined as those that exceed $25,000 in cost and have a useful life of more than one year. These projects encompass various areas, including new construction, property acquisition, and the renovation of existing structures. It's essential to note that the CIP does not cover routine vehicle purchases, repairs, maintenance, or operational expenses.

The CIP development process occurs annually and is designed to ensure a systematic and informed approach to capital planning. Here is a brief overview of the timeline:

• CIP development takes place internally in September and October.
• In October and November, the CIP is presented to the Budget and Finance committee for review.
• A work session with the City Council is scheduled in November to present the CIP.
• In December, the City Council considers the adoption of the CIP.

The proposed CIP for the next five years totals $557,267,558 across multiple city departments. The initial allocation for FY2026 amounts to $112,411,169. If adopted as presented, this amount will be included in the FY2026 budget. This significant financial commitment reflects our city's dedication to improving infrastructure, enhancing public services, and ensuring the growth and well-being of our community.

Some of the larger projects that are planned for FY2026 are:

• Airport Interior Terminal Rehab
• Amend Park Rec Center
• South Park Pool Renovation
• Rimrock Road Improvements from Clearview Drive to 54th Street

The CIP was presented to the Budget and Finance Committee at their meetings on Oct. 16 and Nov. 13.

The FY2026-2030 CIP represents our commitment to sustainable growth, infrastructure development, and ensuring the quality of life for our residents. We believe that this plan is a sound and responsible approach to managing the city's resources and supporting our long-term goals.

No alternatives have been analyzed as no decisions are made at a work session. Staff will be available to answer questions or provide any additional information.

The proposed CIP for the next five years totals $557,267,558 across multiple city departments. The initial allocation for FY2026 amounts to $112,411,169. If adopted as presented, this amount will be included in the FY2026 budget. This significant financial commitment reflects our city's dedication to improving infrastructure, enhancing public services, and ensuring the growth and well-being of our community.