What is a Capital Improvement Plan (CIP)?
The CIP outlines a schedule of public expenditures for a six-year period for inclusion into the annual budget. First year represents current budget; years 2-6 are projected. It does not address all of the capital expenditures for the City, but includes physical improvements that are permanent in nature and substantial equipment purchases needed for the City of Southfield to function successfully. The CIP is beneficial to a community because it allows for a systematic evaluation of all potential projects at the same time, provides coordination between departments, and presents an uniform plan for financing.
The CIP is required under the Michigan State Zoning Enabling Act and is also a requirement for Redevelopment Ready Certification.