Capital Improvement Plan (CIP)

 

 

Capital Improvement Plan (CIP)

Link to 2020-2029 CIP

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.

2020 Projects and Activities Forecast

2020 projects by category as of August 5, 2020

The 2020-2029 Capital Improvement Plan (CIP)  was adopted by the City Council after a Public Hearing on April 20, 2020. 

 

Due to the economic downturn brought on by the COVID-19 pandemic, projects scheduled for 2020 are being re-evaluated. The graphic linked here shows most recent status update for the 2020 CIP projects. (last updated August 2020)

2021-2030 Draft Document

The 2021-2030 CIP will be presented to the City Council at the October 26, 2020 Study Session. This is the draft document prepared for that meeting.

2021-2030 Capital Improvement Plan (CIP)

Capital Improvement Plan Goals

  • 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.

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.

Recent CIP Documents

PDF icon 2019-2028 Capital Improvement Plan (CIP)

PDF icon 2018-2027 Capital Improvement Plan (CIP)

PDF icon 2017-2021 Capital Improvement Plan (CIP)

PDF icon 2016-2020 Capital Improvement Plan (CIP)

PDF icon 2015-2019 Capital Improvement Plan (CIP)