HomeMy WebLinkAbout2016-O-02 - Capital Improvement PlanORDINANCE NO. 2016-0-02
AN ORDINANCE OF THE CITY OF STEPHENVILLE, TEXAS, PROVIDING FOR A CAPITAL IMPROVEMENT PLAN
AS PART OF CHAPTER 36 TAXATION AND FINANCE OF THE CITY OF STEPHENVILLE CODE OF ORDINANCES;
PROVIDING FOR THE IMPLEMENTATION OF THE PLAN TO BE SET OUT IN THE CITY OF STEPHENVILLE
FINANCIAL POLICY STATEMENTS AND FINANCIAL MANAGEMENT POLICY
WHEREAS, the City of Stephenville, Texas, ("City") is an incorporated Home Rule municipality located in
Erath County, Texas; and
WHEREAS, the City Council of the City finds that it is in the best interest of the City to establish and
maintain a Capital Improvement Plan which lists and identifies proposed and approved projects for
construction, establishment, or accomplishment during the five years following each fiscal year.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF STEPHENVILLE, TEXAS THAT:
SECTION 1. ADOPTION OF PLAN
There is hereby established a Capital Improvements Plan that lists all Capital Improvement
Projects that are approved for the current fiscal year and for the five years following the current fiscal
year.
SECTION 2. DEFINITION
"Capital Improvement Project" shall mean a new or expanded physical facility, as opposed to
equipment or services that prudent management defines as routine maintenance or repair or operating
budget items financed out of current revenue resources. The term shall include new construction of
physical facilities intended for long-term usefulness and permanence; renovation, remodeling, major
repair, or major maintenance of an existing facility; a major landscape improvement; land or one-time
major equipment purchase; utility, street, or public park modification that affects numerous residences,
businesses, or citizens; or other improvement that enhances the usefulness, productivity, or life
expectancy of a new or existing city facility. Any question regarding the identity of a particular project as
a Capital Improvements Project shall be decided by majority vote of the City Council.
SECTION 3. IMPLEMENTATION OF THE PLAN
The provisions for implementation of this plan shall be set out in the City of Stephenville Financial
Policy Statements and Financial Management Policy, which provides for an annual review by the city
council of said policy.
PASSED AND APPROVED this the 11t day of March, 2016.
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Jer K. W Ion II, Mayor
Capital Improvement Plan Ordinance
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ATTEST:
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Cindy tafford, Ci cretary
Patrick C. Bridges, City inistrator
Reviewed
Randy Thomas, City Attorney
Approved as to form and legality
Capital Improvement Plan Ordinance
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