[Adopted 10-2-2017 STM by Art. 30, AG 1-18-2018, eff. 2-15-2018]
A. 
There shall be a Capital Planning Committee (CPC) which shall consist of seven members who are residents of the Town of Middleborough. The Town Manager shall be a member of the CPC. The Town Manager shall serve as a member without a specific term. A member of the Board of Selectmen and a member of the Finance Committee shall be members of the CPC. The Board of Selectmen and the Finance Committee shall respectively annually appoint one of their members as a CPC member for a one-year term commencing on July 1 of each year.
B. 
There shall be four at-large members appointed by the Town Moderator. At-large members shall be residents of the Town. None of the at-large members shall be a Town officer or Town employee. At-large members shall be appointed for four years, such that one will expire each year. Initial appointments for at-large members shall be made as follows: one for a one-year term, one for a two-year term, one for a three-year term, and one for a four-year term. At-large terms shall commence on July 1.
C. 
Any vacancy occurring in the membership of the CPC shall be filled for the unexpired term in the same manner as the original appointment.
The CPC shall annually prepare a capital improvement and capital equipment expenditure program for each fiscal year. The CPC shall submit the program in the form of a report to the Board of Selectmen, Finance Committee and Town Manager prior to January 1 preceding the start of the fiscal year to which the report pertains. The report shall include without limitation all capital improvements and all capital equipment expenditures for which Town Meetings made an appropriation and which improvements and expenditures have not been fully paid for or for which any borrowing in connection therewith has not been fully paid. The report shall also include without limitation a description of any capital improvement or capital equipment expenditures which the CPC recommends in the report to be undertaken during the fiscal year which is the subject of the report or during the four fiscal years thereafter. The report shall include cost estimates and proposed sources and methods of financing, including proposed schedules for bonded indebtedness, if any, for each such capital improvement and capital equipment expenditure which the CPC recommends shall be undertaken. The CPC shall also include in its report its recommendations as to the priority of each recommended capital improvement and capital equipment expenditure. The initial report shall be submitted prior to January 1, 1991.
The Board of Selectmen may include the report as the subject of an article in the warrant for the Annual Town Meeting for the purpose of hearing the report and for such action as the Town Meeting may determine is appropriate with respect thereto.
The CPC shall annually review the capital improvement and capital equipment expenditure program which it prepares under this bylaw. All Town officers, boards, agencies and departments which propose a capital improvement or capital equipment expenditure shall submit the proposal in writing to the CPC for review. All proposals submitted shall include cost estimates and proposed sources and methods of financing. The CPC shall, in writing, make appropriate recommendations to the party making the submission with respect to each such proposal. The CPC shall provide copies of its recommendations to the Board of Selectmen, Town Manager and Finance Committee.
As used in this bylaw, the following terms shall have the meanings indicated:
CAPITAL EQUIPMENT EXPENDITURE
The purchase of an item of personal property which is estimated to cost more than $25,000.
CAPITAL IMPROVEMENT
The purchase of real estate or the construction, reconstruction, installation, alteration, remodeling, maintenance or repair of a public work or a public building which is estimated to cost more than $25,000.