As used in this chapter:
A. 
"Capital project fund"
means a fund to be used only for capital projects, including planning, designing, engineering and associated costs.
B. 
"Six-year capital improvement plan"
means an annual update and long-range need projection of the city included as a part of the annual budget.
C. 
"Legislative priorities"
means an annual compilation of the city's capital projects formulated after public hearings for presentation to the State Legislators and Governor.
(Ord. 14-04 § 2 (part), 2014; Ord. 85-2 § 3 (part), 1985)
There shall be established a capital projects fund beginning July 1, 1985. Monies for this fund will be from unappropriated reserves or other sources in an amount the council deems appropriate.
(Ord. 85-2 § 3 (part), 1985)
Annually at the adoption of the fiscal budget a portion of the anticipated unappropriated reserve may be transferred to this fund.
(Ord. 85-2 § 3 (part), 1985)
The council may authorize expenditures from the capital projects fund for planning, design and engineering at any time for capital improvements program. A commitment of funds may be made by the council to be used for the entire share or the local share requirement.
(Ord. 85-2 § 3 (part), 1985)
After the legislative priorities and capital improvements program have been adopted after public hearings, all additional projects that may qualify for the capital projects fund monies shall receive a public hearing to determine eligibility prior to their appropriation to support capital projects.
(Ord. 85-2 § 3 (part), 1985)