Section 10.5. Capital Program.
The Manager, with such assistance as the Council may direct, shall prepare and submit to the Council a capital program at least two (2) months prior to the final date for submission of the long-term budget. The capital program shall include:
A. A clear general summary of its contents;
B. A list of all capital improvements which are proposed to be undertaken during the five (5) fiscal years next ensuing, with appropriate supportive information as to the necessity for the improvement;
C. Cost estimates, method of financing and recommended schedules for each such improvement; and
D. The estimated annual cost of operating and maintaining the facilities to be constructed or acquired.
The above information may be revised or extended each year with regard to capital improvements still pending or in process of construction or acquisition.