The City Council will host a public hearing at the beginning of the City Council meeting at 7:00 p.m. on Monday, April 11, 2022, regarding the proposed Capital Improvement Program (CIP) for fiscal years 2023-2027.
The CIP is the City’s long-range plan for improvements to infrastructure, parks and other community facilities. The CIP is a tool to assess the long-term capital needs, values and desires of the City and to establish funding of high-priority projects in a timely and cost-effective manner. There are three funds that contribute to the FY2023-2027 CIP:
This fund is financed by a half-cent capital improvement sales tax, which is supplemented by annual transfers from the General Fund and project-specific grants. The five-year projected expenses for the fund is $19.1 million.
Parks and Stormwater Fund
In 2020, voters approved a half-cent sales tax dedicated to parks and stormwater improvements and maintenance. The five-year projected capital expenses for the Parks and Stormwater Fund is $10.5 million.
Building Project Fund
In 2016, voters in Creve Coeur approved a bond issue to build a new police station and to make security and accessibility improvements to the Government Center. The police station was completed in 2020, and so most of the activity in the FY2023-2027 CIP is related to the fund’s debt service. The five-year projected expenses for the fund is $3.6 million.
Visit www.crevecoeurmo.gov/CIP for more information, including the latest CIP documents.