ARTICLE VII - CAPITAL IMPROVEMENTS PROGRAM AND CAPITAL PROJECTS REVIEW | |||||||
§17:7-1. PREPARATION OF CAPITAL IMPROVEMENT PROGRAM
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A. The City Council may authorize the Planning Board from time to time to prepare a program of municipal capital improvement projects projected over a term of six (6) years, and amendments thereto. Such program may encompass major projects being currently undertaken or future projects to be undertaken, with Federal, State, county and other public funds or under federal, state or county supervision.
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1. The first year of such program shall, upon adoption by the City Council, constitute the capital budget of the City as required by N.J.S.A. 40A:4-43 et seq. The program shall classify projects in regard to the urgency and need for realization, and shall recommend a time sequence for their implementation. The program may also contain the estimated cost of each project and indicate probable operating and maintenance costs, the source and amount of probable revenues, if any, as well as existing sources of funds or the need for additional sources and amounts of funds for the implementation and operation of each project. The program shall, as far as possible, be based on existing information in the possession of the departments and agencies of the City and shall take into account public facility needs indicated by the prospective development shown in the master plan of the City as permitted by other municipal land use controls.
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