The City Development Commission shall have and exercise all powers and duties conferred upon city planning commissions and park and recreation commissions by State law and in addition shall:
(a) Report to Council, at least annually, on the physical planning needs of the City.
(b) Prepare a long term capital improvement program for Council approval.
(c) Submit to the City Manager annually cost estimates on capital improvements which should be included in the annual budget.
(d) Perform such other duties as may be required by ordinance or requested by the City Manager.