A. Authority. The Village Manager shall prepare and the Board of Trustees by ordinance may adopt or amend a Capital Improvements Program (CIP) for the Village of Orland Park pursuant to the standards and procedures set forth in this Section in conjunction with the development and adoption of a Comprehensive Plan as provided in Section 4-101.
B. Definition and Contents.
1. General Definition. The CIP shall be consistent with and shall implement the Comprehensive Plan. The CIP shall be a program of municipal capital improvement projects, with their estimated costs, projected over a period of at least five (5) years. The CIP shall include major projects currently being undertaken, or to be undertaken, with Federal, State, County and other public funds or under Federal, State or County supervision. Such projects may include any major nonrecurring expenditure or any expenditure for physical facilities of government, such as costs for acquisition of land or interests in land; construction of buildings or other structures, including additions or major alterations; construction of streets and utility lines; improvements; acquisition of fixed equipment; installation of landscaping; and similar expenditures.
2. Specific Contents.
a. A classification of the recommended projects based on their urgency and need for realization.
b. A recommendation of a time sequence to be followed in implementing the recommended projects.
c. The estimated cost and revenues, if any, of each project, including estimates of probable operating and maintenance costs.
d. A tabulation of existing sources of funds, listing the source and amount for each project, and where such sources are insufficient, the need for additional sources of funds for the implementation and operation of each project.
e. An estimate of the number of persons and establishments which will be displaced by each recommended project.
f. Such other elements as the Board of Trustees, Village Manager or the Plan Commission may find useful or appropriate.
C. Purpose and Effect.
1. General Purpose. The CIP shall serve as a means for systematically reviewing proposed projects to ensure coordination of expenditures and development with the Comprehensive Plan. The CIP shall link the timing, location and financing of proposed projects, shall encourage the development of projects in scheduled stages, and shall provide developers with an advance picture of future needs and development activities to be undertaken by the Village. The first year of the CIP shall, upon adoption by the Board of Trustees, constitute the Capital Budget of the Village.
2. Effect. Upon adoption, the CIP shall serve as notice of the Village's capital needs and intentions for the five (5) year period. No other capital improvement shall be authorized except by prior amendment to the CIP.
D. Procedures for Adoption and Amendment.
1. Program Development. The Village Manager shall prepare a proposed CIP and amendments thereto.
2. Adoption and Amendment. Adoption and amendments to the CIP shall require a public hearing before the Village Board of Trustees. The Village Board shall set, advertise and conduct a public hearing on the plan, any element of the plan or any amendment to the plan in accordance with the procedures in Section 5-101 (E); provided however, that the Board of Trustees may add a public improvement to such CIP at any time if there is a demonstrable need for such improvement and the funding for such improvement is immediately available.