§ 35.60. Capital process.

The city's capital program should include capital projects of the city council/mayor controlled departments, the Minneapolis Park and Recreation Board, the neighborhood revitalization program, the municipal building commission, and the youth coordinating board and the library board. The committee shall evaluate the capital expenditures of the above named units of government within the context of other capital expenditures made within the boundaries of the City of Minneapolis by the Community Planning and Economic Development Department, the Minneapolis Public Housing Authority, Metropolitan Sports Facilities Commission, Hennepin County, Special School District Number One, Metropolitan Council, State of Minnesota and any other taxing district with projects inside the corporate boundaries of the City of Minneapolis.

The capital program shall include all sources and uses of financial resources used to acquire, replace, or increase the useful life of the city's real assets. Estimates shall be made concerning the operating budget impact associated with each capital project.

The capital program shall include an assessment of the condition and replacement value of the city's real assets as determined by the city engineer and the city finance officer. The capital program shall be developed within the context of the City of Minneapolis' comprehensive plan.

The committee shall present the city's proposed capital program to the mayor not later than the second Friday in August of each year. The committee shall establish guidelines dealing with project submissions, schedules, project ranking criteria, forms, and the program document. The city council and mayor shall review, modify as deemed necessary, and approve the guidelines used by the committee.

The committee shall hold at least one (1) joint public hearing on the city's capital program with the planning commission. The hearing shall occur before the city's capital improvement program is submitted to the mayor. A summary of the public comments at the public hearing shall be included in the capital program document. The mayor and city council shall modify, amend, or adopt the capital program as part of the annual budget process. This chapter shall become effective January 1, 1998. (97-Or-088, § 1, 10-24-97; 2010-Or-020, § 2, 4-16-10)