• Central Oklahoma Economic Development District (COEDD) anticipates that a structured CIP  be in place to be considered for grant funding by the Oklahoma Department of Commerce.
• Town of Davenport received a $10,000.00 CIP planning grant and is actively working to complete this project by June 2009.

The steps of a CIP are as follows:

• Take inventory of existing capital assets.
• Evaluate previously approved, unimplemented, incomplete projects.
• Assess Financial Capacity.
• Determine Projects to be Approved.
• Prioritize Projects.
• Develop a Financing Plan.
• Adopt a Capital Improvements Program.
• Monitor and Manage Approved Projects within the CIP.
• Update Existing/Ongoing Capital Programs each year.