A. The means adopted in this chapter shall address the planning, project development, financing and budgeting for the City's "Capital Asset Projects". A Capital Asset Project (CAP) is a significant infrastructure or resource project, to include, but not limited to: a building or other infrastructure construction, purchase or major renovation; significant technology acquisition or development; and real property acquisition. A CAP typically has a useful life of more than five (5) years, costs more than five million dollars ($5,000,000.00), and is financed by bonds or other special funding sources. A capital project undertaken by an Enterprise Fund is not a CAP. However, any significant City infrastructure or resource project may be considered a Capital Asset Project at the direction of the Mayor or City Council. A CAP is not a recurring capital outlay item, a maintenance expense or acquisition of equipment unless the equipment is an integral part of a CAP.
B. All CAP activity shall coordinate whenever necessary with other City planning and budget processes, including the City's Capital Improvement Program (CIP). (2019 Compilation)