2017 – 2021 Five Year Capital Improvements Program
Dublin City Council approved the Five Year Capital Improvements Program (2017-2021) on Monday, September 12, 2016. The CIP is a five-year outlook for anticipated capital projects reviewed and updated annually by the City. These projects are primarily related to improvements in transportation, parks, utilities and facilities.
In developing the Five-Year CIP, several elements are taken into consideration: City Council goals, both past and present; findings included in the Economic Development Strategy; commitments made by the City in agreements such as tax increment financing/economic development agreements; bi-annual community surveys, input from citizen committees and economic development opportunities.
Capital improvements key to maintaining Dublin
Dublin City Council has adopted the Five Year Capital Improvements Program (CIP) for 2017-2021, a five-year outlook for anticipated capital projects reviewed and updated annually by the City.
The 2017-2021 CIP focuses on three priorities: Maintenance and renovation of existing assets and infrastructure, economic development and technology, and enhancements/new infrastructure and assets.
Maintenance and renovation of existing assets and infrastructure may not be exciting, but it’s essential to ensure that the City remains in excellent condition. This includes upkeep like tennis and basketball court resurfacing, sewer lining, street and shared-use path maintenance, and stormwater repairs.
Projects with an economic development focus are strategically planned for the Bridge Street District, Ohio University/West Innovation District, and the City’s legacy office buildings. Investing in these projects will drive economic development opportunities which will generate additional income tax revenues for the City and help maintain property values.
Enhancements and new infrastructure include development of the Holder-Wright Farm and Earthworks, development of the riverside park, construction of the pedestrian bridge spanning the Scioto River, the Tuttle Crossing Boulevard extension, and the Avery Road widening, among other projects that will enhance the quality of life in our community. These investments are reminiscent of Dublin’s growth in the 90s, which helped kick start many developments, in turn generating revenues.
Funding sources for the CIP generally include cash, proceeds from the issuance of long-term bonds, property taxes, existing fund balances, TIF service payments, and enterprise funds. In total, $252,560,000 has been programed over five years, which includes $73,020,000 for maintenance projects, and $179,440,000 for enhancements/new infrastructure.
In developing the Five-Year CIP, several elements are taken into consideration such as City Council goals, grant funding opportunities, and resident feedback, which this year included the 2016 Community Attitudes Survey.
In that same survey, 94% of residents said they were satisfied with how the City manages its finances. The City is consistently recognized for its financial stewardship, including the highest possible ratings on its General Obligation Bonds from Moody’s Investors Service (Aaa) and Fitch Ratings (AAA), most recently awarded in 2015.
I invite you to view the entire list of projects outlined in the CIP by visiting DublinOhioUSA.gov. Stay informed of the CIP process as well as other important financial updates by signing up for email updates, or following us on social media.