Laserfiche WebLink
Subdivision 4. The Capital Improvement Plan. This plan <br /> consists of projects and facilities that are or will be needed by <br /> the City in carrying out the anticipated program of public <br /> services. It includes a list of all capital improvements proposed <br /> for the next five fiscal years, with appropriate supporting <br /> information as to the necessity for such improvements; cost <br /> estimates, method of financing and recommended time schedule for <br /> each improvement; and the estimated annual cost of operating and <br /> maintaining the facilities to be constructed or acquired. It <br /> includes a capital budget which summarizes the capital requirements <br /> of the public service plan and the capital improvement plan for the <br /> next five years and prioritizes anticipated investments in <br /> community facilities in consideration of expected revenues. <br /> Subdivision 5 . A summary of the long-term financial plan must <br /> be published in the City newsletter annually. <br /> Section 7 . 06 Council Action on Budget. <br /> Subdivision 1. The Council must, by; budget resolution, adopt <br /> the budget at the time required by law. The budget is the <br /> principal item of business at regular Council meetings at the time <br /> required by law and at subsequent meetings until the budget is <br /> adopted. Interested citizens must be given a reasonable <br /> opportunity to be heard. The Council may revise the proposed <br /> budget but an amendment to the budget may not increase the <br /> (94-2)23 <br />