4768

MUNICIPAL CHARTERS

fiscal year in which the program is prepared, it being
intended that planning for capital improvements be
maintained six years in the future. The program shall
include the following:

(1)    A description of each proposed project.

(2)    A priority for each project.

(3)    The total estimated cost of each project.

(4)      The year—by-year estimated cost of each
project.

(5)    The estimated cost of amortizing indebtedness
on each project.

(6)      The effect of amortizing anticipated
indebtedness on the tax rate both on the basis of
existing and anticipated assessable bases.

NO CAPITAL IMPROVEMENT PROGRAM SHALL BE PROPOSED IN
THE CALENDAR YEAR 1974.

BE IT FURTHER RESOLVED that the date of the adoption
of the Resolution is the 12th day of August, 1974, and
that the Amendment to the Charter of the City of Laurel,
hereby proposed by this enactment, shall be and become
effective on the 2nd day of October, 1974, and a copy of
the title of this Resolution shall be published in a
newspaper of general circulation in the City of Laurel
not less than four times at weekly intervals before the
20th day of September, 1974.

AND BE IT FURTHER RESOLVED that as soon as the
Charter Amendment hereby enacted shall become effective,
either as herein provided or following a referendum, the
Mayor of the City of Laurel shall send separately by
registered mail, to the Secretary of the State of
Maryland, to the Department of Legislative Reference,
Hall of Records Commission and State Library, the
following information concerning the Charter Amendment:

1.     The complete text of this Resolution;

2.     The date of the referendum election, if any,
held with respect thereto;

3.     The number of votes cast for and against the
question contained in the Charter Amendment, whether by
the Council of the City of Laurel or in a referendum; and

4. The effective date of the Charter Amendment.