Capital Improvement Program
What is the Capital Improvement Program (CIP)?
The CIP is the city's long-range plan for improvements to infrastructure, parks and other community facilities. The CIP is a tool to assess the long-term capital needs, values and desires of the city and to establish funding of high-priority projects in a timely, cost-effective manner.
The following are goals of the CIP:
- Provide a planned replacement of deteriorating infrastructure
- Repair deteriorated infrastructure
- Improve operational or functional aspects of existing infrastructure
- Add new facilities and improve the community’s infrastructure to enhance the quality of life in Creve Coeur
- Provide for planned replacement of major equipment required for City operations
5-Year CIP Process (FY2021-FY2025)
The city updates its five-year capital improvement program (CIP) every year. An important part of this annual process includes gathering ideas for projects from Creve Coeur residents.
Capital improvements include projects such as the construction of sidewalks, installation of park amenities, street resurfacing and improvements to the stormwater system. Funding for capital projects comes from the city’s half-cent capital improvement sales tax, grants and transfers from the general fund. The capital budget for this fiscal year is approximately $4.2 million, which includes the Police Building Fund and Debt Service. The projected annual CIP expenditures range between $3.2 and $4.9 million over the next five years.
Drafts and revisions to the CIP were reviewed multiple times by the City's Finance Committee, Planning and Zoning Commission, and City Council. The uncertainty regarding the effects that the pandemic will have on the economy created the need to reduce planned expenditures in FY2021 and extended the review process for the CIP. Both the Finance Committee and Planning and Zoning Commission recommended that the City Council adopt the CIP.
The City Council discussed the CIP during three work sessions and hosted an online public hearing for the CIP during the City Council meeting on Monday, April 13, 2020. The City Council adopted the proposed CIP at the City Council meeting on Tuesday, May 26, 2020, through Resolution 1486.