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(F) Provide a strong and useful tool for implementing local growth management programs; and, <br />(G) Provide an effective tool for implementing a municipality's comprehensive plan through an <br />annual review of issues, trends, and priorities. <br />4. Advantages of a Capital Improvements Program. <br />Advance planning and scheduling of municipal facilities can aid in avoiding costly mistakes. A <br />systematic, organized approach to planning for capital facilities provides several practical advantages. <br />These are: <br />(A) Using Taxpayer's Dollars Efficiently. This includes the careful evaluation of the need and <br />timing of new facilities. Also, coordinating construction of several projects may affect savings <br />in construction costs. <br />(B) Focusing on Municipal Needs and Capabilities. Capital projects should reflect the <br />community's needs objectives, growth, and financial capability. Planning ahead will help <br />assure that high—priority projects will be built first. <br />(C) Obtaining Community Support — Citizens are more supportive of projects that are part of an <br />overall plan. <br />(D) Encouraging Economic Development. Typically, a business that is considering expansion or <br />relocation is attracted to a city that has well-planned and well—managed facilities in place. <br />(E) Increasing Administration Efficiency. Coordination of capital facilities construction within a <br />city can reduce scheduling problems, conflicts, and overlapping of projects, and can enhance <br />city staff coordination of projects. A capital improvements program allows a municipality to <br />anticipate lead times necessary to conduct bond elections and bond sales, prepare design <br />work, and receive contract bids. <br />(F) Maintaining a Stable Financial Program. When construction projects are spaced over a <br />number of years, abrupt changes in the tax structure and bonded indebtedness may be <br />avoided. Also, keeping planned projects within the financial capacity of the municipality helps <br />to preserve its credit and bond rating and makes the area more attractive to business and <br />industry. <br />S. Relationship of the CIP to Long—Range (Comprehensive Plans) and Short -Range Plans. <br />Capital improvement programming is tied closely to short-range planning. The program is an annual <br />event, reflecting current issues, needs, and resources. However, short-range plans reflect the initial <br />segments of growth indicated in long-range or comprehensive plans. <br />S -I <br />