Prior to submitting the annual budget, the City Administrator shall prepare and submit to the Council a recommended five-year capital improvement program. 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 for such improvements; cost estimate, method of financing and recommended time schedules for each such improvement; and for major improvements the estimated annual cost of operating and maintaining the facilities to be constructed or acquired. This information shall be revised and extended each year for capital improvements still pending or in process. The Council shall hold a public hearing on the capital improvement program and adopt it with or without amendment prior to the adoption of the annual budget.
(Source: City Charter; Effective Date: 10-1-87)