Chapter 3.28
CAPITAL PROJECTS FUND

Sections:

3.28.010    Definitions.

3.28.020    Establishment of fund.

3.28.030    Annual transfer.

3.28.035    Use of funds.

3.28.045    Repealed.

3.28.060    Other projects – Eligibility.

3.28.065    Adoption of legislative priorities.

3.28.070    Five-year capital improvement program.

3.28.010 Definitions.

As used in this chapter:

A. “Capital project fund” means a fund to be used only for capital projects, including planning, designing, engineering and associated costs.

B. “Five-year capital improvement program” means an annual update and long-range need projection of the city included as a part of the annual budget.

C. “Legislative priorities” means an annual compilation of city needs formulated after public hearings for presentation to the state legislators and governor. (Ord. 13-003 § 3, 2013; Ord. 306 § 3, 1984)

3.28.020 Establishment of fund.

A. There shall be established a capital projects fund.

B. Moneys for this fund will be from unappropriated reserves and other sources the council deems appropriate. (Ord. 13-003 § 3, 2013; Ord. 306 § 3, 1984)

3.28.030 Annual transfer.

Annually, at the adoption of the fiscal budget, a minimum of 10 percent of the anticipated unappropriated reserve shall be transferred to capital projects fund. (Ord. 13-003 § 3, 2013; Ord. 306 § 3, 1984)

3.28.035 Use of funds.

A. The council may authorize expenditures from the capital projects fund for planning, design and engineering at any time for the capital improvements program.

B. A commitment of funds may be made by the council to be used for the entire share of the capital project or the local share matching requirements. (Ord. 13-003 § 3, 2013; Ord. 306 § 3, 1984. Formerly 3.28.050)

3.28.045 Community project development process.

Repealed by Ord. 15-010. (Ord. 13-003 § 3, 2013)

3.28.060 Other projects – Eligibility.

A. After the legislative priorities and capital improvements program have been adopted after public hearings, all additional projects that may qualify for the capital projects fund moneys shall first receive a public hearing to determine the eligibility.

B. No project shall be eligible for funds unless a public hearing was held. (Ord. 13-003 § 3, 2013; Ord. 306 § 3, 1984)

3.28.065 Adoption of legislative priorities.

The council shall hold a public hearing concerning the resolution identifying the city’s legislative priorities no later than the fourth Tuesday in September. (Ord. 13-003 § 3, 2013; Ord. 306 § 3, 1984. Formerly 3.28.040)

3.28.070 Five-year capital improvement program.

The five-year capital improvements program shall be submitted to the council annually as a part of the fiscal budget. (Ord. 13-003 § 3, 2013; Ord. 306 § 3, 1984)