[Adopted 11-17-1988, effective 12-11-1988]
There shall be created a Long-Range Capital
Planning Committee.
As used in this article, the following terms
shall have the meanings indicated:
A major improvement or betterment of a nonrecurring nature
to the physical plant of the Town as differentiated from ordinary
repairs or maintenance of recurring nature.
Said Committee shall consist of five residents
of the Town of Haddam, whose membership shall be in accordance with
Article IV, Section 4-3, of the Town Charter adopted November 3, 1987,
and who shall be appointed by the Board of Selectmen to serve for
a term of five years. Of those members first appointed under the provision
of this article, one shall serve for a term of one year; one member
for a term of two years; one member for a term of three years; one
member for a term of four years; and one member for a term of five
years.
Said Committee shall prepare a five-year capital
improvements plan which shall be reviewed and updated annually.
A.
Said Committee
shall review and set an order of priority for expenditures and shall
report its findings to the Board of Selectmen based on the following
considerations:
(1)
The
extent to which the proposed expenditure is needed.
(2)
What
alternatives to proceeding with the proposed expenditure exist.
(3)
The
soundness of the proposal in terms of the need to be fulfilled.
(4)
The
likely consequences of the cost of the proposed expenditures on the
Town's financial position and mil rate.
B.
The Committee's
report to the Board of Selectmen shall be deemed advisory in nature
and shall be a matter of public record.
