| Year | Capital Investment Project | Anticipated Cost | Funding Source |
|---|---|---|---|
| 2026 | 14th Avenue Extension | $282,000.00 | Fund balance Cash, intent to Reimburse from 2027 borrowing |
| 2026 | Enterprise Road | $181,000.00 | Fund balance Cash, Proceeds from Land Sales (Industrial park) |
| 2026 | Grant Street | $210,000.00 | Fund balance Cash, Intent to use 2025 Unspent Note Proceeds & remainder of land sales |
| 2026 | 6th Avenue Lift Station Upgrades Review & Rescoping | $1,000.00 | Utility Cash (Sewer) |
| 2026 | Wastewater Treatment Plan (DNR mandate) | $40,000.00 | Utility Cash (Sewer) |
| 2027 | 1st Street: Main Street to Birch Street | $2,229,000.00 | |
| 2028 | Wolf Run Estates Subdivision Street Paving | $1,366,000.00 | |
| 2028 | 3rd Street (Main to Birch) and Division (3rd to 1st Street) | $1,844,000.00 | |
| 2029 | 4th Street (Main Street to Birch Street) | $964,000.00 | |
| 2030 | Division Street (5th to 3rd St) & Prospect St (5th-3rd) | $705,000.00 | |
| 2030 | 5th Avenue Meadow Lane to Memorial Drive | $1,434,500.00 | |
| 2031 | Lift Station #6 Upgrades (subject to rescoping) | $450,500.00 |
Capital Improvement Plan Frequently Asked Questions
A Capital Improvement Plan (CIP) is a multi-year strategic roadmap (typically spanning 4 to 10 years) that outlines a municpality’s major infrastructure, facility, and equipment projects. It identifies specific project timelines, estimated costs, and funding sources to balance long-term growth with immediate budgetary constraints.
Capital Improvement Plans contains several key operational phases and components:
- Asset Assessment: Conducting an inventory of existing physical assets, age, condition, and maintenance requirements.
- Project Prioritization: Evaluating and ranking infrastructure needs based on strategic importance, community safety, and economic impact.
- Funding Strategy: Identifying financial mechanisms such as municipal bonds, grants, taxation, or reserve funds to cover the costs.
- Scheduling: Mapping out a chronological, year-by-year schedule of when projects will be engineered, funded, and constructed
Projects in a Capital Improvement Plan (CIP) are selected through a combination of asset condition data, safety concerns, regulatory requirements, strategic goals, and available funding.
Specifically, road projects are selected for a variety of different reasons. Together, Public Works and the Village engineer team will assess all Village roads yearly. The decision to choose pavement condition ratings, traffic volumes, utility replacement needs, and furture growth considerations, among other criteria.
The special assessment process begins with the adoption of preliminary assessment resolutions by the Village Board. Following this action, notices of the public hearing are published in the newspaper and mailed to all affected property owners, with affidavits of mailing completed by the Village Clerk. Engineer’s reports for all projects are filed with the Village Clerk prior to the public hearing. The Village then conducts a public hearing to receive comments and input regarding the proposed assessments. After consideration of the information presented, the Village Board will adopt the final assessment resolution. Copies of the final resolution are subsequently mailed to affected property owners, with affidavits of mailing completed, and the resolution submitted for publication and published as a legal notice in the official newspaper.
The Village has authority under Wisconsin special assessment law to charge all or part of the cost of certain public improvements—such as street reconstruction, resurfacing, sidewalks, water mains, sanitary sewers, storm sewers, and similar infrastructure—to properties that receive a benefit from the improvement. The porportionate cost is determined on the square footage of your lot that abuts to the road project. You can expect to pay for 1/3 (one third) of the cost in relation to the square footage of your lot.
The Village must provide notice and a public hearing before levying a special assessment. Property owners have the right to be heard and may appeal the final assessment under state law.
You will receive a notice in the mail regarding the public hearing and anticpated costs.
The special assessment can be paid in full or can be placed on the property tax bill to be paid in yearly increments; the number of installments for payment as well as the interest rates of the special assessments will be determined at the public hearing on the project.
