The Capital Improvement Plan (CIP) is a planning tool based on long-range physical planning and financial projections that forecast the City, the Bloomington Port Authority (Port), and Housing and Redevelopment Authority for the City of Bloomington (HRA) capital needs over a ten-year period as building blocks to help achieve the City's strategic vision and mission. The CIP includes a detailed description of every Capital Project anticipated to be initiated during the ten-year period.
2023-2032 Capital Improvement Plan (CIP) Draft
The preliminary draft of the 2023-2032 Capital Improvement Plan (CIP) was presented at the October 17, 2022 City Council Meeting and then brought to the Planning Commission in November 2022. The final draft of the 2023-2032 CIP will be presented during a Public Hearing on December 5, 2022.
2022-2031 Capital Improvement Plan (CIP)
The preliminary draft was presented at the October 11, 2021 City Council Meeting and brought to the Planning Commission in November 2021. The final 2022-2031 Capital Improvement Plan (CIP) was adopted by the City Council after a Public Hearing on December 20, 2021.
Project activities identified as "Tier 1" in the 2022-2031 Capital Improvement Plan are tracked and updated quarterly. The listed dollar amounts align with the estimates included in the approved CIP, however actual costs may change.
The CIP continues to evolve as project planning needs to respond to strategic community direction. Changes in economic conditions or other project related issues may alter timelines. Funding mechanisms change and projects become more or less feasible based on such funding changes. City management continuously looks for opportunities for efficiency which often change the projected needs for capital. The CIP is updated annually to ensure consistency and the reflection of changing strategic needs, cost fluctuations, and financial resources. The CIP document incorporating the recommended changes is then submitted to the City Council for consideration, modification, and adoption.
The goals of the document are as follows:
Maintain a systematic approach to planning and initiating capital projects affording the opportunity to plan the location, timing, and financing of the needed public improvements.
Development of a realistic program of capital spending with the projected fiscal capability to finance such projects, avoiding sharp changes in the tax levy or bonded indebtedness.
Enable the City, Port and HRA to evaluate the needs of the entire City on a strategically oriented framework.
Coordinate the capital needs with the adopted Comprehensive Plan.
Maintain awareness with the public and private investors of the scope of the City’s capital improvements.
Enhance opportunities for participation in federal and/or state grant and aid programs.