[HISTORY: Adopted by the Town Meeting of the Town of Hadley 5-22-2006 ATM by Art. 21. Amendments noted where applicable.]
The Select Board shall establish and appoint a committee known as the "Capital Planning Committee." The Committee shall consist of seven members, which shall be comprised of one member of the Select Board, one member of the Finance Committee, one member of the School Committee, one member of the Board of Assessors, one at-large member representing the townspeople, the Town Treasurer (as a nonvoting member) and the Town Administrator (as a nonvoting member). Terms for appointment may be three years.
The Committee shall study proposed capital projects and public improvements involving major, nonrecurring tangible assets and projects which involve:
All officers, department heads, boards, committees, commissions, or agents shall, by December 1 of each year, give to the Committee, on forms prepared by it, information concerning all anticipated capital needs and projects requiring Town Meeting action for the ensuing five years. The Committee shall evaluate the relative need, impact, timing, and cost of these proposed expenditures and the effect each will have on the financial position of the Town. No appropriation shall be voted at a Town Meeting for a capital improvement requested, excepting non-special-article School Department capital items which are subject to the provisions of MGL c. 71, § 34, unless the proposed capital improvement is considered in the Committee's report or the Committee shall first have submitted a report to the Select Board explaining the omission. In the case of emergency capital expenditures, the Committee shall present an oral report as soon as possible.
It shall be the duty of the Committee annually to prepare a capital budget report showing, for each of the five years next following, a list of those public improvements and nonrecurring major equipment needs which, in its opinion, represent the most necessary and urgent projects or purchases to be undertaken by the Town during each such year. The report shall include the probable costs of each such improvement or purchase and the Committee's recommendations as to the method of financing them.
The capital budget report shall be distributed annually with the copies of the warrant provided by the Select Board. Additional copies of said report shall be available in the Town Clerk's office for distribution to the public. The report shall also be included in the Annual Town Report.