Capital Improvement Program (CIP)

Every year the City of Corvallis publishes an update to the Capital Improvement Program (CIP). The CIP is a 5-year plan identifying capital improvement expenditures throughout the community. The CIP for fiscal year 2016-2020 may be downloaded from this web site.

Do you have suggestions for projects to include in the CIP?

Have you suggested a project for the CIP? Check its status here.

Purpose

The CIP provides sound financial planning and management of projects which:

  • Preserve existing publicly-owned property and infrastructure.
  • Provide new facilities and infrastructure to accommodate an orderly, well planned expansion of the community consistent with Statewide Planning Goals.
  • Enhance livability within the community.

The CIP development is a crucial step in the process by which the public identifies projects which best reflect the character and values of the community.

Use

The annual CIP is used to:

  • Facilitate public participation in the identification of potential capital improvement projects
  • Identify the current and future capital infrastructure needs in each area of service within the City
  • Prioritize proposed capital projects within each service area and within the program as a whole
  • Match available financial resources to the capital needs of the community

The annual CIP update includes the capital budget for the next fiscal year, capital budget projections for the subsequent four years, and a list of projects for future consideration.

CIP Development

The following is a schedule of annual CIP update activities:

  • Public input is solicited regarding the community's capital needs. Potential CIP projects are identified and referred to the appropriate City department
  • Projects are reviewed and developed by City staff
  • A draft CIP document is completed and reviewed by the City Manager
  • A draft CIP document is forwarded to the Planning and Budget Commissions for review
  • The CIP plan is presented to the City Council for approval
  • The CIP plan for the next fiscal year is adopted as part of the City's budget

Ideas for new capital projects are generated from a number of sources including the general public, elected officials, boards and commissions, and City staff.


Project Classification

Projects identified in the CIP are placed in one of seven broad-based infrastructure functional areas:

  • Airport
  • Buildings and Facilities
  • Parks and Recreation
  • Storm Water
  • Transportation
  • Wastewater
  • Water

Projects are then classified in one of three main categories:

Community Preservation — projects that will maintain or improve existing levels of service to the community.

Infrastructure Development — projects that construct new facilities and infrastructure to provide for the orderly development of the community over time.

Community Enhancement — projects that add to community livability.

These broad categories also assist in the overall prioritization of projects within the CIP. Community preservation projects will tend to be of higher priority because of their emphasis on maintaining existing service levels to the community. Flexibility exists in the prioritization of Infrastructure and Community Enhancement projects depending on the pace of community expansion and available resources.

Funding Sources

Funding for the projects identified in the CIP come from a number of sources. These funding sources include:

Property Tax Bonds — Funds received through the sale of bonds; repaid through taxes on all properties within the City.

Revenue-Supported Bonds — Funds received through the sale of bonds; repaid through utility charges.

Current Revenues — Money from the City's current operating funds for projects that benefit the community as a whole (General and Street Funds), that benefit utility users (Water, Sewer, and Drainage funds), or that benefit airport users (Airport Fund).

Property Owner Assessments — Costs paid by the benefitted property owners.

Grants and Gifts — Federal and State grants or revenue sharing, as well as local gifts and donations. Many grants require partial project funding by the City.

System Development Charges (SDCs) — Charges received from the owners of developing properties and used to help pay for future capacity in our water, sewer, and street systems.

Federal/State Programs — Federal and State exchange funds or loans. There are also competitive State loan programs through various agencies whereby low interest loans are awarded to qualifying jurisdictional programs.

Last updated: 3/30/2016 3:58:51 PM