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A Continuation of the Review of the Recommended Five-Year Capital Improvement Plan (CIP) for FY 2026-2030.
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Introduction
overview
This is a continuation of the Finance Committee's review and discussion of the Capital Improvement Plan for the 2026 fiscal year's budget.
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Recommended Action
Provide direction to staff on a recommended CIP to advance to the Village Board for review.
Prior Board Action
This is a continuation of a discussion with the Finance Committee on the proposed FY 26 CIP plan.
Background
As part of the annual budget process, the Finance Committee presents a staff-recommended five-year Capital Improvement Plan (CIP). Upon adoption by the Board, only the first year of the CIP will be formally appropriated as part of the FY26 operating budget.
To support informed decision-making, alternative scenarios of the five-year CIP have been developed for the Finance Committee's review. These scenarios subdivide the plan and its projects based on their essentiality, providing greater clarity on the potential impacts of prioritizing critical versus discretionary investments.
The scenarios include the recommendation made by the Fiannce Committee during their last review of the CIP and are listed below:
? $2,250,000 Increase for the purchase of a Fire Department Ladder Truck
? $75,000 Decrease for Document Scanning
? $200,000 Decrease for North Ave. Gateway
? $100,00 Decrease for North Ave. Streetscape Design
? $521,000 Decrease for Public Works Fleet Vehicle Replacement
? $120,000 Decrease for Administration Fleet Replacement
? $624,550 Decrease for Public Works Center MEPS Work
? $70,000 Decrease for Public Works Center Overhead Door Replacement
? $70,000 Decrease for Public Works Center Bird Deterrent Window Film
? $60,000 Decrease for Public Works Center LED Lighting Upgrades
? $50,000 Decrease for Public Works Center Emergency Panel Upgrades
? $55,000 Decrease for Fire Station One Rear Apron Repl...
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