Staff report:
The CIP is a multi-year plan for the acquisition, expansion, or rehabilitation of land, buildings, and other major infrastructure over a six-year period, and beyond. The plan reflects expected start and completion dates, estimated costs, and proposed financing for the City's capital investment priorities. The plan is reviewed and updated biennially factoring in availability of resources, changes in City policy and community needs, unexpected emergencies and events, and changes in cost and financial strategies. The CIP incorporates City Council priorities, long-range community objectives, and projects that improve City operational efficiency. The plan represents the City's current estimates of needs, costs, potential funding sources, and timelines.