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1985 LONG TERM FINANCIAL PLAN <br />Page Twenty-Tnree <br />II. CAPITAL IMPROVEMENT PLAN <br />Section 7.05, Subdivision 3, of the Charter calls for the <br />preparation of a Capital Improvement plan as part of the <br />Long -Term Financial Plan which "...shall consist of projects <br />r <br />♦w.. � ill he needed by the City In <br />euu iuCtiC.'. .3nr ..,__ <br />carryingiiiout the anticipated.program of public services.' <br />The development of a Capital Improvement Plan requires the <br />identification of needed capital improvements to existing <br />facilities and equipment, establishment of policies setting <br />forth the City's position regarding capital expenditures and <br />revenues to fund such expenditures, and an evaluation of the <br />long-term needs of the community. <br />