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Ordinance No. 2014-020 <br />Introduction <br />The Capital Improvements Element (CIE) summarizes the needed capital facilities identified in the <br />other comprehensive plan elements and describes the financial means by which these facilities are to <br />be funded. This element also demonstrates the economic feasibility of the entire comprehensive plan <br />and prioritizes the funding of all the public facilities identified in the other comprehensive plan <br />elements based on the level of need and the availability of funds. <br />For purposes of this element, a capital improvement is a substantial facility (land, building, or major <br />equipment) that costs at least $100,000 and which is required to maintain adopted level -of -service <br />standards or to meet objectives identified in the county's comprehensive plan. <br />Included in the CIE are an existing conditions section, an analysis section, a concurrency <br />management section, a goals, objectives, and policies section, and an implementation section. While <br />financial resources and existing local policies and practices are discussed in the existing conditions <br />section, the fiscal condition of both the county and its comprehensive plan, as well as other issues <br />concerning capital improvement projects, are assessed in the analysis section of this element. In the <br />concurrency management section, the administrative framework for maintaining public facility <br />service levels is addressed while the county's overall capital improvements strategy is discussed in <br />the goals, objectives and policies section. Finally, a 5 -Year Schedule of Capital Improvements, as <br />well as monitoring and evaluation programs, can be found in the implementation section of this <br />element. <br />Community Development Department Indian River County <br />Adopted , 2014, Ordinance 2014- 1 <br />