Any intergovernmental agreements or amendments to intergovernmental agreements that place an obligation on the city requiring or anticipated to require the city to expend more than $30,000,000, either as a one-time payment or cumulatively as payments made over any number of fiscal years, require prior council consent and approval. When the agreement calls for the city to acquire infrastructure, including but not limited to sewerage, drainage, or roadway infrastructure, the calculation shall include capital, operating and maintenance expenditures over the expected useful life of the infrastructure.
(Added by Ord. 19-22)