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Review of the Proposed FY2027 Capital Improvement Plan (CIP) 2 of 2
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Introduction
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This is the second of two sessions dedicated to reviewing proposed capital projects in the Village’s Capital Improvement Plan for fiscal year 2027, focused on projects budgeted within the Capital Funds.
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Recommended Action
Review the proposed projects and provide feedback on budgeting, sequence, and prioritization.
Prior Board Action
September 24, 2026: Finance Committee previously reviewed the projects proposed for the CIP that are budgeted in the Village’s Enterprise and Special Revenue Funds, including Parking Fund, Water/Sewer, CDBG, and Motor Fuel Tax.
Finance Committee also approved a bond financing plan via RES 26-241, which included several projects that are part of this CIP for 2027, including the Police Station Project, Percy Julian Chicago Ave. Streetscape, and Bike Plan / Vision Zero.
Background
Village of Oak Park's FY2027 Capital Improvement Plan (CIP) is a supplementary document to the annual Operating Budget, which summarizes the plan for major capital expenditures. It provides an ongoing framework for identifying capital requirements and future financial impacts, the scheduling of projects over an extended period of time and strategizing for the most efficient completion of projects. This year's proposed CIP provides details on capital projects funded out of the Village's Capital Funds, Enterprise Funds, and select Special Revenue Funds for fiscal year 2027 and beyond. Generally, CIP includes improvements that are relatively expensive, non-routine in nature (excluding street and alley resurfacing) and have a useful life which often extends over several years. Such projects include but are not limited to new buildings, additions or renovations to existing facilities, construction of streets, water mains, sewer improvements, land acquisitions and major equipment purchases. Due to the nature and total costs...
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