Capital Budget Identifies Future Infrastructure Investments
As we set our sights on 2015, the City has been busily updating its Five-Year Capital Improvement Plan. A Capital Improvement Plan, or CIP, is a long-range plan identifying capital projects and equipment purchases, providing a planning schedule, and beginning to identify financing options. Over the past few months, City Council, Finance Director and Administration met regularly to discuss the CIP and strategize how to invest tax dollars in an efficient manner that best meets the future needs of the City. This collective process culminated with City Council approving the CIP at its December meeting.
With a quick review of the CIP, it is clear the City is proactively planning for additional capital projects in its business districts. Next year, we will upgrade intersections, resurface roadways, upgrade sanitary sewers, improve traffic flow and maintain past infrastructure investments. Some key projects scheduled to begin in the business districts during 2015 include:
- Resurfacing Oak Tree Boulevard South;
- Constructing an additional lane on Rockside Road from West Creek to the I-77 South ramp;
- Engineering a new sanitary sewer at the northern terminus of Rockside Woods Boulevard North;
- Engineering infrastructure improvements for the City’s 33 acres just off Rockside Road; and
- Landscaping upgrades to the Rockside Road/I-77 interchange.
In total, Independence plans to spend in excess of $15,000,000 on capital projects and infrastructure in 2015. These investments are in addition to the millions the City has spent on capital improvement projects in the business districts over the past decade. Independence is fortunate to have leaders who recognize the importance of commercial area reinvestment. Undoubtedly, these proactive planning efforts and capital investments will cement Independence’s position as a premier community to live, work, visit and raise a family.