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Council Adopts the 2020-2025 Capital Improvement Plan
At the September 23rd City Council Meeting, Council adopted the 2020-2025 Capital Improvement Plan, or CIP for short.
The CIP is the City’s six-year planning document that forecasts and describes community priorities for capital improvements. Forecasting capital needs in a general plan is important because capital improvement projects are generally large and expensive, and the fixed assets they create will likely be required for decades of public use. They contribute significantly to quality of life and/or provide public infrastructure necessary for the City’s economic development into the future.
The plan is updated annually with input from department staff, City advisory commissions and the public. Ultimately, after considering public input, City Council adopts a final version of the plan.
The CIP consists of three sections: Legislative Priority Projects, mid-range projects and long-term projects. Legislative priority projects are selected by City Council for efforts to obtain state and/or federal funding in the coming years. Projects to be undertaken by the State of Alaska and other non-City organizations are also included in the CIP in separate sections. An overview of the City's capital project financing assumptions can be found in the Appendix.
