[Amended 5-1-2021 ATM by Art. 17]
The Select Board shall establish and appoint a committee to
be known as the "Capital Planning Committee," composed of one member
of the Select Board, one member of the Advisory Board, and three citizens
at large. The Town Accountant, Treasurer/Collector, and Town Coordinator shall be ex-officio, nonvoting members of the Committee.
The Committee shall choose its own officers.
The Committee shall study proposed capital projects and improvements
involving major tangible assets and projects which: (1) have a useful
life of at least three years; (2) have a dollar value of $15,000 or
greater.
The Committee shall develop policies and procedures, as necessary,
to establish and maintain a capital improvements program.
All officers, boards and committees shall each year, on or before
the date specified by the Committee, give to the Committee, on the
forms prepared by it, information concerning all anticipated capital
requests requiring Town Meeting action during the ensuing five years.
The Committee shall consider the relative need, impact, timing and
cost of these expenditures and the effect each will have on the financial
position of the Town. No appropriation shall be voted for a capital
improvement requested by a department, board or commission at an Annual
Town Meeting, or at any Special Town Meeting, unless the Committee
has first made a recommendation to such Annual Town or Special Town
Meeting with respect to such proposed capital improvement.
[Amended 5-1-2021 ATM by Art. 17]
The Committee shall prepare an annual report recommending a
Capital Improvement Budget for the next fiscal year, and Capital Improvement
Program, including recommended capital improvements for the following
four fiscal years after that. The report shall be submitted to the
Select Board for its consideration and approval. The Board shall submit
its approved capital budget to the Town Meeting for adoption by the
Town.
[Amended 11-16-2021 STM by Art. 4]
The Committee's report and the Select Board's recommended capital
budget shall be published and made available in a manner consistent
with the distribution of the Advisory Board report. The Committee
shall file its original report with the Town Clerk.