Sec. 122.601. - Findings of fact; purposes.

The City recognizes that public capital improvements have a vital relationship to the degree and direction of community development within the City and that their cost is a sizable part of all public expenditures within the City's jurisdiction. The City desires that the many public capital improvements projects be efficiently planned and budgeted ahead and related within an overall program for the benefit of the taxpayers of the City. A capital improvements budgeting and priorities program will: (a) Provide a means whereby capital projects will be carried out in accordance with both predetermined priorities of need and the ability of the community to pay, (b) Ensure that the most vitally needed projects receive the highest priority and are effectively planned and budgeted, (c) Provide a means for anticipating and scheduling major expenditures so that the City can maintain a sound financial standing and a balanced program of bonded indebtedness, (d) Schedule the timing of projects so as to make the best and most economical use of large pieces of equipment and of personnel, (e) Allow department heads and City officials to better anticipate the capital needs of their agencies over a period of years, (f) Allow sufficient time for proper technical design of the proposed public improvements, (g) Permit the advance acquisition of land needed for improvement by purchase in a favorable market or the retention of unused public lands, (h) Permit citizens to better understand their community needs and the plans of their officials for meeting them, and (i) Promote efficiency and economy through sound long-range financial planning to complement existing land use planning. (Ord. 2006-185-E, § 2)