Capital Improvement Plan (CIP) FY 2017-2021
The Capital Improvement Plan for the City of Murfreesboro is a 5-year, proposed plan for implementing capital projects and purchases, including public facilities, infrastructure improvements, major maintenance requirements and the acquisition of property and equipment.
The CIP includes projects and purchases which exceed $50,000 and have a useful life of at least five years. The CIP links the City's proposed plans to physical development and provides a mechanism for estimating capital projects. It also schedules projects over a fixed period with appropriate planning and implementation, budgets high priority projects and develops a project revenue policy for the proposed improvements. As a result, the CIP allows the City Council and our residents an opportunity to consider the short- and long-term capital construction and acquisition needs of the City.
The CIP is updated each year, following best practices for the financial solidity of the City. Annual updating allows for consideration of changing needs and priorities, emergencies, cost changes, mandates, and advances in technology. In addition, with our growing population, the annual update typically includes a consideration for additional or new facilities.
Capital Improvement Plan for 2017 - 2021
The proposed CIP for 2017-2021 includes major projects totaling $68.7 million of tax-supported work for 2017. While the CIP is predominately funded by the issuance of debt, the plan also leverages funding from Federal, State, County, private partners and city funding.
The projects proposed for 2017, the first year of the Plan, are heavily weighted towards Public Safety, with funds planned for the final phase of the communications system upgrades, funds to complete the relocation of Fire Station No. 4 (Jones Boulevard relocating to Medical Center Parkway), the construction of the new Fire Station 11 at the intersection of Blaze Drive and Fortress Boulevard, and funds necessary to complete the new Police Headquarters on Highland Avenue.
A complete list of projects will be uploaded here after City Council has approved the 2017-2021 CIP.