(a) Notice and hearing. Council shall publish in one or more newspapers of general circulation in the municipality the general summary of the capital program with a notice stating:
(1) The times and places where copies of the capital program message and capital program document are available for inspection by the public.
(2) The time, place, and date, not less than 15 days or more than 30 days after such publication, for a public hearing on the capital program.
(3) The proposed capital program shall be available for public inspection at City Hall and copies shall be available for the public at a reasonable fee to be set by the Council.
(b) Adoption. Council must adopt an annual capital program by no later than December 15th of the fiscal year currently ending. If Council fails to adopt a capital program by December 15th, then the Mayor’s original capital program shall become the official capital program of the City for the ensuing fiscal year.