In formulating the program for capital improvements the Capital
Committee shall establish a priority list of proposed projects. Such
a priority list shall be based on the general needs of the community
with due regard for:
A. Protection of life and public health;
C. Protection and proper exploitation of natural resources;
D. Provision of essential public services;
E. Replacement of obsolete facilities;
F. Improvement of operating efficiency; and
G. Improvement of social and cultural values.