In conjunction with the Capital Program Committee, the Mayor shall be responsible for preparing the City's Capital Program for a six-year period. The Capital Program shall be submitted to the Council for adoption. The program shall consist of Capital projects and capital equipment, be listed by Department, and contain recommended priorities.
3.1.1
Capital projects. Each capital project shall contain the following information:
a.
A description of the proposed project and its estimated total cost.
b.
The proposed means of financing, indicating the amount proposed to be financed by local taxes, and the amount, if any, estimated to be received from the Federal government, the State government, any other government, nongovernment or private entity, or any other source of funds procured for the project.
c.
The proposed method of financing, indicating the use of reserve funds, grants, transfers, current taxes, notes, bonds, or any other type of debt obligation or similar devices to be used to finance each project.
d.
The expected useful life of the capital project, the cost of annual maintenance and upkeep, and other expected operational and personnel-related costs.
e.
A general summary description of the project and additional comments and recommendations of any department, board, officer, or agency affected by the proposed project.
3.1.2
Capital Program preparation. In preparing the six-year Capital Program, the Capital Program Committee shall consult with each Council member who shall provide whatever information is required to ensure a complete, comprehensive, up-to-date priority listing and program plan regarding City capital needs.
3.1.3
Capital Program presentation. On or before the first regularly scheduled Council meeting in September each year, the Mayor shall present to the Council and the public the proposed six-year Capital Program highlighting capital requests for the upcoming fiscal year to be included in the City's annual Capital Budget. Two public hearings shall be scheduled prior to the Council's final adoption of the six-year Capital Program. The City's Capital Budget for each upcoming fiscal year shall be derived from projects included in the City's adopted six-year Capital Program. The proposed Capital Program and projects to be included in the City's upcoming Capital Budget shall be available in writing in the City Clerk's office at least five days prior to the public hearings.
3.1.4
Capital Program adoption. The Council shall adopt the six-year Capital Program annually after its review and revision. Two public hearings shall be held prior to final adoption by the Council. No capital project shall be authorized or undertaken unless it is included in the Capital Program adopted by the Council. A capital project may be added to or deleted from the Capital Program any time by affirmative vote of 4/5 of the Council, only after public hearing and publication of information supporting the requested action.
3.1.5
Capital Budget. The Mayor shall transmit Capital Budget projects recommended for the ensuing budget along with the six-year Capital Program to the Chairperson of the Budget Committee on or before September 15 each year to ensure its incorporation into the City's annual Capital Budget.