(a) The capital program required by Article V of the charter shall be a five-year plan for annual capital acquisitions to meet capital needs for the city. It shall identify and project funding to finance each project.
(b) Capital improvements consist of capital acquisitions including, but not limited to, land, buildings, equipment and infrastructure improvements. Capital improvements shall be defined within the city’s accounting manual and become capital assets on the city’s balance sheets.
(c) All pooled development driven street projects shall be prioritized by the capital improvement program committee and approved by the city council.
(d) The city council may amend the current capital program by resolution.
(1992 Code, § 34.5-13) (Ord. 83-96, passed 8-5-1996; Ord. 25-01, passed 3-12-2001; Ord. 13-04, passed 2-9-2004; Ord. 82-05, passed 8-5-2005)