Capital Improvements Program. The City will initiate the construction of capital improvements necessary for providing municipal services for the annexation area as necessary. Any such construction or acquisition shall begin within two years of the effective date of the annexation and shall be substantially completed within 4 1/2 years after that date. Construction of any capital improvement within the annexation area will be done accordance with the established policies of the City.
Capital Improvements Program. The City has programmed drainage improvements to the Xxxx Xxxxxx tributary and flood control into the City’s Capital Improvement Program.
Capital Improvements Program. Not later than January 1, or as established annually by the City, of each fiscal year during the term of this Agreement or any renewal hereof, Contractor shall submit a proposed capital improvements six year plan (the “Proposed Capital Improvements Program”) to City for the up coming fiscal year beginning October 1st, through September 30th, and for five consecutive years thereafter. The Proposed Capital Improvements Program shall state and specify the following: 1) the capital improvement or equipment item over $50,000 requested; 2) the projected cost of the capital improvement or equipment requested; 3) prioritization of the capital improvement or equipment item requested; 4) the funding source; 5) justification for the capital improvement or equipment item requested, and 6) the impact of the capital expenditures over $50,000 on the operating budget. The Proposed Capital Improvements Program will be ranked by prioritization and funding. The Proposed Capital Improvements Program will be approved by the City Council each year before the onset of the Annual Budget. Any proposed capital improvement or equipment item approved by the Council for the next fiscal year will be incorporated into the upcoming Annual Budget for final approval.
