Village Projects

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2019 Village Projects

The CIP budget for all twenty 2019 Village Projects is estimated at $9,517,000. The Village has created an interactive map to showcase the projects and studies which can be viewed at 2019 Village Projects.

Capital Improvement Program

Each year the Village develops a Capital Improvement Program (CIP) consisting of various projects and studies.  The CIP takes a comprehensive look at the Village’s infrastructure and facility needs for the next 5, 10, and 20 years.  A CIP is a multi-year plan that forecasts spending for all anticipated capital projects.  The CIP enables the Village to identify needed capital projects, prioritize their timing and coordinate their financing.  An effective CIP consists of both an administrative process to identify the location, scale and timing of needed capital projects and a fiscal plan to provide for the funding of those projects.

The CIP links the Village’s capital planning and budgeting functions.  The CIP can help implement past policy decisions by establishing priorities among existing and competing capital needs and can also be used to measure and evaluate the merits of new proposals.

Traditionally, a CIP covers a period of 5-6 years.  Because a dedicated and reasonably predictable funding source has not been identified to fund the long-term replacement and rehabilitation of general infrastructure assets, the scope of this document is expanded to provide a longer-term perspective.  Therefore, the plan, also includes a 6-10 year look with estimated costs, and an 11-20 year projection of possible future projects.  This is intended to better assist the Village Board in the planning and decision-making process.

Road Construction - 2018

Post Date:04/10/2018 1:33 PM
Summer is around the corner, that means roadwork projects will be starting.
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