The Mayor shall establish and appoint a committee to be known
as the "Capital Improvement Planning Committee," composed of one member
of the Planning and Construction Committee, one member of the Ways
and Means Committee of the Town Council, and the School Superintendent
or his/her designee. The Town Accountant and/or the Director of Municipal
Finance and Administration shall be an ex-officio staff member without
the right to vote. The Committee shall choose its own officers.
The Committee shall prepare an annual report recommending a
capital improvement budget for the next fiscal year, and a capital
improvement program, including recommended capital improvements for
the following five fiscal years. The report shall be submitted to
the Mayor for consideration and approval. The Board shall submit its
approved capital budget to the Town Council for adoption.
Such capital improvement program, after its adoption, shall
permit the expenditure on projects included therein of sums from departmental
budgets for surveys, architectural or engineering advice, options
or appraisals; but no such expenditure shall be incurred on projects
which have not been so approved by the Town through the appropriation
of sums in the current year or in prior years, or for preliminary
planning for projects to be undertaken more than five years in the
future.
The Committee's report and the Mayor's recommended capital budget
shall be published and made available in a manner consistent with
the distribution of the Ways and Means Committee report. The Committee
shall deposit its original report with the Town Clerk.