Capital Improvement Program
What is the Capital Improvement Program (CIP)?
The CIP is the city's long-range plan for improvements to infrastructure, parks and other community facilities. The CIP is a tool to assess the long-term capital needs, values and desires of the city and to establish funding of high-priority projects in a timely, cost-effective manner.
The following are goals of the CIP:
- Provide a planned replacement of deteriorating infrastructure
- Repair deteriorated infrastructure
- Improve operational or functional aspects of existing infrastructure
- Add new facilities and improve the community’s infrastructure to enhance the quality of life in Creve Coeur
- Provide for planned replacement of major equipment required for City operations
5-Year CIP Process (FY 2021-2025)
The city updates its five-year capital improvement program (CIP) every year. An important part of this annual process includes gathering ideas for projects from Creve Coeur residents.
Capital improvements include projects such as the construction of sidewalks, installation of park amenities, street resurfacing and improvements to the stormwater system. Funding for capital projects comes from the city’s half-cent capital improvement sales tax, grants and transfers from the general fund. The capital budget for this fiscal year is approximately $5.3 million, which includes the Police Building Fund and Debt Service. The projected annual CIP expenditures range between $3.4 and $5.6 million.
Staff will present the draft CIP to the Planning and Zoning Commission in March 2020 and will seek the Commission's recommendation to the City Council in April 2020.
The City Council will hold two work sessions to review the proposed CIP update in March 2020. The City Council will host a public hearing on Monday, April 13, 7:00 p.m., in the Council Chambers for the Capital Improvement Program (CIP) for fiscal years 2021-2025.