Town Adopts Five Year Capital Improvement Plan

Over the last few months, the Town of Lake Lure has endeavored to create a comprehensive five year Capital Improvement Plan, (CIP), that will guide the council, staff and community in its planning and funding priorities.

Such a plan, adopted in May 2017, will guide Lake Lure to plan and provide for the orderly replacement of capital facilities and equipment.

It will also plan for future identification of equipment, buildings, and infrastructure that will be needed in order to accomplish particular objectives.

A Capital Improvement Plan projects sources of revenue, helps to identify alternative funding sources and can make municipal  borrowing easier by resulting in lower bond ratings and lower interest rates.

"At its core, a good CIP is an invaluable financial and physical planning tool that allows for  the proper planning and coordination for acquisition and development of assets," said Town Manger, Ron Nalley.

Below, you can review various section of the Plan.

To review a summary of the first year projects in each fund, select the file in the table below with the three asterisks.

The Town held a Public Hearing on the Capital Improvement Plan on April 11th.

 

Final Capital Improvement Plan:

 

Cover & Policy Guidelines

General Fund Revenue Summary

General Fund Expense Summary

First Year Funding Priorities by Project ***

General Fund Expenditures - Commission

General Fund Expenditures - Administration

General Fund Expenditures - Police

General Fund Expenditures - Fire

General Fund Expenditures - Public Works

General Fund Expenditures - Sanitation

General Fund Expenditures - Economic Development

General Fund Expenditures - Community Development

General Fund Expenditures - Parks & Recreation

General Fund Expenditures - Beach & Marina

General Fund Expenditures - Municipal Golf Course

General Fund Expenditures - Lake Operations

General Fund Expenditures - Water & Sewer

Electric Fund Revenues