New Search
6. Council will make a specific determination whether to establish a replacement reserve <br />sinking fund when creating an asset with a value in excess of $1 million and a useful <br />life in excess of ten years. <br />The CIP Development Process <br />Typically, development of the Capital Improvement Program is a nine-month process, which <br />begins in June of even-numbered years and ends the following February: <br />1. In June or July, Public Works staff presents the CIP public involvement process to the <br />Citizen Involvement Committee for their comment and approval. Also in July, staff <br />meets with the City's neighborhood leaders to provide an overview of the CIP, its <br />process and focus. Neighborhoods are requested to submit any capital-related requests <br />by the end of September. <br />2. In late summer and fall, staff compiles the Draft CIP document using input and requests <br />from a variety of sources, including neighborhood groups, individual citizens, adopted <br />plans and policies, etc. <br />3. The Draft CIP is published and made available to the public in late fall. Staff conducts <br />a public open house to provide an opportunity for community members to become <br />more familiar with the draft CIP and ask questions, prior to the public hearing by the <br />Planning Commission. <br />4. The Planning Commission conducts a public hearing in December or January. After <br />considering testimony and reviewing the Draft CIP, the Planning Commission forwards <br />its comments to the Budget Committee and City Council.. <br />5. The Budget Committee, with the benefit of the public hearing minutes and the <br />Planning Commission's comments, reviews the Draft CIP in January/February with a <br />primary focus on financial and budget issues. Recommendations and comments are <br />forwarded to the City Council; <br />6. The City Council conducts a public hearing in February. After consideration of this <br />testimony and review of comments from the Budget Committee and Planning <br />Commission, the City Council finalizes and adopts the CIP. <br />Following adoption of the CIP by the City Council, the projects in the first year become the <br />basis for preparation of the next fiscal year's Capital Budget The Capital Budget is submitted <br />to the Budget Committee in the spring of each year and adopted by the City Council in June. <br />Projects in the CIP's second fiscal year become the basis of the subsequent fiscal year's Capital <br />Budget. At the time the Budget is adopted, any changes to project timing or funding adopted <br />in the Capital Budget process are automatically considered to be amendments to the CIP. <br />City of Eugene 2002-2007 Capital Improvement Program <br />Page $ <br />