Board Of Aldermen - Agenda - 5/25/2021 - P18
IDEFINITION OF A CAPITAL IMPROVEMENT
A capital improvement will be any single project requiring expenditure by the City of $50,000 or
more, and which falls into one of the categories listed below. Projects under $50,000 will only be
considered by the CIC if there are exceptional circumstances.
1. The purchase, construction, replacement or rehabilitation of any physical facility for the
community with an anticipated life in excess of ten (10) years*
2. The purchase of equipment for any physical facility when first erected or acquired;