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<br />Program fflli.5: Review public art projccts submilted by the Civic Arts Commission <br />for inclusion in the Capital Improvement Program or op"rnti"c hIHIlY't, determining <br />appropriate funding through the normal budgetary process. <br /> <br />Policy +tl.6: Provide for City cquipmcnt rcplaccmcnt and -maintcnancc needs. <br /> <br />Program +tl.6.I: [,t..['li,1. M";"!";,, a program to periodically updatc replacement and <br />maintcnance fillllllcing plans. <br /> <br />Program +tl.6.2 [,I"Lli,I, M"int";n cost-effective replacement and maintenance <br />schedulcs. <br /> <br />Policy tzll: Limit the use of dcbt so as not to place a burden on Ihe fiscal resources of the <br />City and its taxpaycrs. <br /> <br />Program tzll.l: timit-A Ilow lim;!pcl 11<" of long-term borrowing ro-foLcapital <br />improvements or projects that cannot be financed from current revenues. <br /> <br />Program tzll.2: When capital projects are financed, amortize the debt within a <br />period not to exceed the expected useful life of the project. <br /> <br />Program tzll.3: CM""",pl a:. vlln.., W;;)\" U})p,vy\..d Ly till,; C;t,Y CUlIln..;I, lilll;1 till,; ,Icbt <br />I dl;u (d",Lt bu,uallh,;\,,;J by tin,,; G\,;u\,;lal FUlIJ) tv lIullllUI\,; 111(111 kll 11\,,;11.,1,,;111 F"tnhli"h (j <br />perr.enl ne;: nn "pper limit for the (lenernl f.llnd cip-hl ..Mil) (nnnllnl de hi <':f'rvic.p. hnc:kp.d hy <br />the (lem'ml Fund :lC;: ~) percent of tntnl nenf'rnl J:llnd rp.vp.nllf~) f'xc.ppt:1" nthp.rwi"p <br />dp.tprmillp.n hy till' r'ity lnllnc.il. <br /> <br />Program tzll.4: Investigate the use of special assessment, revenue, or other self- <br />supporting bonds to limit the General Fund obligation for debt service payments <br />whenever possible. <br /> <br />Program tzll.5: Maintain strong communications with bond rating agencies about <br />the City's financial condition, and follow a policy offull disclosure on financial reports <br />and bond prospcctus. <br /> <br />Program tzll.6: Slrive to mainlain or improve the City's bond rating. <br /> <br />Program tzll.7: Utilize inter-fund loans when possible to reduce the cost of <br />financing capital improvements. <br /> <br />Policy t3111: Strive to maintain a diversificd and stable revenue base that is not overly <br />dependent on any land use, major taxpayer, revenue type, restricted revenue, inelastic revenue, <br />or external revenue. <br /> <br />XI-19 <br />