[MC 2002-29 § 17:7-1, December 2, 2002]
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.
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.
2. 
In preparing the program, the Planning Board shall confer, in a manner deemed appropriate by the Board, with the Mayor, the Chief Fiscal Officer, other municipal officials and agencies, and the school Board or other appropriate Boards or commissions.
3. 
Any such program shall include an estimate of the displacement of persons and establishments caused by each recommended project.
B. 
In addition to any of the requirements in subsection A of this section, whenever the Planning Board is authorized and directed to prepare a capital improvements program, every municipal department, authority or agency shall, upon request of the Planning Board, transmit to said Board a statement of all capital projects proposed to be undertaken by such City department, authority or agency, during the term of the program, for study, advice and recommendation by the Planning Board.
[MC 2002-29 § 17:7-2, December 2, 2002]
Whenever the Planning Board has prepared a capital improvement program pursuant to the above section, it shall recommend such program to the City Council. The City Council may adopt such program with any modification approved by affirmative vote of a majority of the full authorized membership of the City Council and with the reasons for said modification recorded in the minutes and forwarded to the Planning Board for review.
[MC 2002-29 § 17:7-3, December 2, 2002]
Any public agency proposing a capital project shall refer the action to the Planning Board before taking action necessitating the expenditure of any public funds for the project. The Planning Board shall have the right to review the location, character or extent of the project for recommendation in conjunction with the master plan. The public agency shall not act on the project without the Planning Board's review and recommendations. The Planning Board shall have forty-five (45) days from the date of the referral to conduct its review and make its recommendations. This requirement shall apply to action by any housing, parking, highway, special district, or other authority, redevelopment agency, school board of other similar public agency, State, County or Municipal.