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CITY OF EL PASO BID TABULATION FORM Project Name: Slip Base Plate & Square Post Bid Opening Date: January 5, 2022Solicitation #: 20220085 Department: Sun Metro/ Mass TransitXcessories Squared Development

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What is capital improvement?

Capital improvement is the addition of a permanent structural change or the restoration of some aspect of a property that will either enhance the property's overall value, prolong its useful life, or adapt it to new uses.

Who is required to file capital improvement?

Property owners or landlords are typically required to file capital improvement.

How to fill out capital improvement?

To fill out capital improvement, you must provide detailed information about the improvement made to the property including the cost, date of completion, and any relevant permits or licenses.

What is the purpose of capital improvement?

The purpose of capital improvement is to track the changes made to a property that increase its value or extend its lifespan for tax or property assessment purposes.

What information must be reported on capital improvement?

Information such as the cost of the improvement, date of completion, permits and licenses obtained, and the impact on property value must be reported on capital improvement forms.

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