What is a Capital Improvement Plan?

    The Village's Capital Improvement Plan is a short-term plan that identifies capital projects, places them on a five-year schedule, and identifies potential financing options.

    How are projects identified?

    Projects are primarily identified by Village staff through analysis and evaluation of public infrastructure needs, but project ideas also come directly from residents, City Council, or businesses in the Village.

    What qualifies as a capital project?

    • The total cost of the project is expected to meet or exceed $5,000,
    • The resulting project will have a useful life of more than a year, and
    • The project will result in the creation of a new public asset, or significantly extend the useful life, value, and/or operations capacity of an existing asset.