(A) Infrastructure generally includes assets that have long useful lives and are normally stationary in nature. Infrastructure includes but is not limited to the following: roads, streetlights, traffic signals, drainage systems, and water systems. Infrastructure assets do not include buildings, drives, parking lots, or any other property used in association with buildings.
(B) Additions and improvements to infrastructure, which increase the capacity or efficiency of the asset, shall be capitalized. Maintenance and repairs are necessary to maintain the existing asset and, therefore, are not capitalized. For example, patching, resurfacing, snow removal, etc., are considered maintenance activities and will be expensed. Also, normal department operating activities such as feasibility studies, and preliminary engineering and design reviews will be expensed and not capitalized as an element of the infrastructure asset.
(C) Alleys shall not be included as part of the infrastructure. The land under alleys shall be added to total land.
(Ord. 2005-16, passed 12-12-05)