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TO: Honorable Mayor and Members of the Common Council FROM: Julie Calmes, Finance Director DATE: August 27, 2024 SUBJECT: Res 24-490 Approve 2025-2034 Capital Improvement Plan

BACKGROUND

In 2021, City Council approved a modification to the process of approving the Capital Improvement Plan. This revised process includes approving the Capital Improvement Plan earlier in the year so that the plan can then be incorporated in the Final Operating Budget in November. The City Council held a budget workshop on July 30, 2024 to discuss the Manager Recommended Capital Improvement Plan which included potential general obligation (G.O.) borrowing of $21,503,150.  In addition, the Plan Commission considered the Manager Recommended Capital Improvement Plan on August 20, 2024.  The Plan Commission recommends approval based on the finding that listed projects are not in conflict with the City of Oshkosh’s Comprehensive Plan.

RECOMMENDATION

Staff recommends that Council approve the 2025-2034 Capital Improvement Plan. It is important to note that this is a plan for future capital projects. The actual funding for capital projects and the decision to issue debt for particular projects will be decided at a later date.

Attachments RES 24-490 2025-2034 CIP Plan

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