(a) The major division directors may submit to the city manager proposals for the acquisitions of new capital equipment, replacement capital equipment and/or capital improvements within their area of responsibility. The request must be fully justified and funds must be available in the CRF for the project. After review, the city manager may forward the request to the city council for their consideration. The city council, upon favorable consideration of the request, shall pass a resolution delineating the authorization of the funds, the payback period and interest rate to be paid for the use of the monies.
(b) The division director, upon second reading of the resolution authorizing the funds, shall follow the procedures outlined in the purchasing manual for the procurement of the equipment, facilities or services.
(c) The division director shall include the annual payment of principal and interest in the department budget proposals.
(Prior Code, § 1-117; Ord. of 3-27-1990)