The manager shall prepare and submit to the council a recommended preliminary five-year capital improvement program no later than September 30th of each year. The capital improvement program shall include a list of all capital improvements proposed to be undertaken during the next five fiscal years, with appropriate supporting information as to the necessity of such improvements; cost estimates; method of financing and recommended time schedules for each such improvement; and the estimated annual cost of operating and maintaining the facility to be constructed or acquired. This information shall be revised and extended each year for capital improvements still pending or in process.
(Ord. 193, passed 6-3-2019)