- Capital Improvement Program
Capital Improvement Program
Purpose of the Plan
A Capital Improvement Plan (CIP) outlines the Town’s plan for achieving the goals and objectives desired by the Mayor and Town Council. The purpose of this plan is to forecast and match projected revenues and major capital needs over a specific period of time. Capital planning is an important management tool that strengthens the linkages between community infrastructure needs and the financial capacity of the Town.
What types of projects are included in the CIP?
The Town decides the cost threshold and types of projects to include in the CIP. Currently projects with a cost greater than $100,000 and a useful life of at least three years (excluding vehicles and other rolling stock) are considered candidates for the CIP. This includes:
- Repair and replacement of existing infrastructure
- Streets / sidewalks / paths
- Electric utility undergrounding
How are the projects determined?
The projects are determined and ranked in four steps. These steps include:
- Identify needs / projects
- Determine project costs
- Prioritize projects
- Develop financing strategies.
More information regarding project determination including ranking and financing, please click the link below to view the current CIP.
The current CIP is best displayed in two page view in Acrobat (see below)
The Town of Paradise Valley prides itself on providing successful, high quality capital improvement projects as identified in the Capital Improvement Plan in a timely manner. If you have questions or comments regarding any of the projects please contact the Engineering Department.