CIP FY 24-28 9-7-23 FINAL Version - Flipbook - Page 12
Capital Improvements Plan
Capital Improvements Plan
Introduction:
The Five Year Capital Improvement Plan (CIP) has been prepared to provide a guide in identifying
five years of capital project needs for the various departments of the City of Eustis. This document is
the product of the departmental submittals that forecast the infrastructure requirements of that period.
The Five-Year CIP identifies five years of capital project needs for the City of Eustis. The plan includes
major capital projects and acquisitions of over $25,000 with a useful life of five or more years. When
the project meets the budget threshold, repair and maintenance spent using operating accounts
may also occur.
The CIP development is an annual process that allows the City to evaluate projects considering
changing conditions and shifting priorities.
The CIP Process:
Department Directors provided updated information on projects submitted last year for the CIP.
They re-evaluated those projects based on current economic conditions, requirements of the
Comprehensive Plan, requirements to implement the City’s Strategic Plan, the need to expand City
service levels, and the need to meet renewal and replacement demands on existing infrastructure.
Department Heads reviewed the CIP submittals and prioritized the projects based on the following
criteria:
1. Risk
a) Eliminates a current or future safety concern;
b) Addresses a hazardous condition;
c) Replaces or updates equipment or facilities that are not efficient or functionally serving their
intended purpose;
d) Meets pending compliance requirements from other agencies;
e) Maintains City assets at a level adequate to protect the City’s investment and minimize future
maintenance and replacement costs (This would include Comprehensive Plan service level
deficiencies).
2. Return on investment
a) Highly visible projects;
b) The project’s benefit outweighs the project’s cost within a short period;
c) Has the potential to generate economic development;
3. Level of Service Maintenance - Projects must be completed to maintain the City’s desired service
levels.
4. Improved Level of Service-Projects that provide a new service or improve the current level of
service based on increased demand.
The attached five-year Capital Improvement Program includes the following major projects:
- Public Safety Combined Complex (PW Dept - Facilities) - $13,250,000
- Bates Main WWTP Expansion - Wastewater Dep.(PW Dept - Wastewat.) - $12,187,942
- Pumper Engine Replacement (Fire Dept) - $750,000
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