3.08.020 Definitions.
   For the purposes of this chapter, the following words and phrases shall have the meanings respectively ascribed to them by this section:
   "Capital budget" means a schedule of capital improvement projects for the coming year for which appropriations have been approved.
   "Capital improvement projects" means the construction, reconstruction, alteration or acquisition of fixed assets with a useful life of at least three years and a total cost exceeding five thousand dollars including but not limited to:
   A.   Buildings;
   B.   Land;
   C.   Equipment;
   D.   Thoroughfares;
   E.   Vehicles;
   F.   Any surveys or studies required relative to subsections A through E of this section.
   Pavement overlay projects are not to be defined as capital improvement projects.
   "Capital improvements program" means a five-year schedule of capital improvement projects including estimates of costs, proposed financing methods and relative priorities. (Prior code § 2-63)