[Adopted 9-7-1917 (Ch.
2, Art. II, Div. 3, of the 1987 Code)]
The Town hereby establishes a Board of Finance under the provisions of Chapter
257 of the Public Acts of 1917, the Board of Finance to have the terms of office, powers and duties provided in the Act.
[Adopted 5-22-1974 (Ch.
14, Art. VII, of the 1987 Code)]
[Amended 12-19-2019]
There is hereby established for the Town an Advisory Commission
on Capital Expenditures. The purpose of this Commission is to ascertain
the long-range capital improvements the Town is expected to require
and to prepare and present annually to the Board of Finance its projections
and recommendations thereon. The Advisory Commission on Capital Expenditures
shall consist of five members and two alternate members, all of whom
shall be appointed as provided in the Town Charter. Each regular and
alternate member of the Advisory Commission on Capital Expenditures
shall be a resident elector of the Town holding no salaried municipal
office. No regular or alternate member of the Advisory Commission
on Capital Expenditures shall receive any compensation for his services,
but necessary expenses, incurred in the performance of his official
duties, shall be reimbursed. No more than four regular members shall
belong to the same political party, and an alternate shall not belong
to the same political party as the other alternate.
[Amended 8-28-1975]
The Advisory Commission on Capital Expenditures shall conduct
such studies as it may deem advisable for the purpose of ascertaining
the capital improvement needs and priorities of the Town for the ensuing
five fiscal years, and for such further period in the future as the
Advisory Commission on Capital Expenditures may deem appropriate,
and the manner in which such improvements shall be financed. On or
before October 1 of each year, the Advisory Commission on Capital
Expenditures shall request of each officer or agency of the Town supported
in whole or in part by funds appropriated in the Town budget its projection
of the capital improvements it will require for the ensuing fiscal
year and at least for the four fiscal years thereafter, in such form
as may be prescribed by the Advisory Commission on Capital Expenditures.
On or before December 1 of each year, each such officer or agency
shall supply such projection to the Advisory Commission on Capital
Expenditures as aforesaid. On or before February 1 of each year, the
Advisory Commission on Capital Expenditures shall hold a public hearing,
notice of the date, time and place of which shall be published in
a newspaper having circulation in the Town not later than seven nor
more than 14 days prior to such hearing, to ascertain the views of
the residents and taxpayers of the Town on capital improvements for
the ensuing fiscal years. On or before March 1 of each year, the Advisory
Commission on Capital Expenditures shall present to the Board of Finance
its recommendations regarding capital improvements to be undertaken
by the Town in the ensuing fiscal year and at least the four fiscal
year thereafter. Such recommendations shall include, but not be limited
to, a designation of the location and description, estimated costs,
suggested methods of financing, approximate time of starting, and
approximate time of completion of each such capital improvement, and
an indication of priorities among the several capital improvements.
The Board of Finance shall take such recommendations into consideration
in preparing its proposed annual Town budget.
Any member or alternate of the Advisory Commission on Capital
Expenditures may be removed by the Board of Selectmen for cause, but
upon request of such member, such removal shall become effective only
after a public hearing.
The Advisory Commission on Capital Expenditures shall fix the
time and place of its regular meetings, and may hold such special
meetings as may from time to time be required. The Advisory Commission
on Capital Expenditures shall prepare an annual budget and may request
an annual appropriation as provided by law. The Commission may, within
the limits of appropriations made for the purpose by the Town, employ
clerical and technical assistance or consultants. The presence of
three regular members, or in the absence of proper designation of
an alternate or alternates as provided by the terms of this article,
the presence of a total of four regular and alternate members, shall
constitute a quorum. No resolution or vote except a vote to adjourn
or to fix the time and place of its next meeting shall be adopted
by fewer than three affirmative votes.
The Advisory Commission on Capital Expenditures shall supersede
any other board, commission or agency heretofore created by ordinance
or resolution for the purposes set forth as the purposes of the Advisory
Commission on Capital Expenditures. Specifically, but without in any
way limiting the foregoing, the Advisory Commission on Capital Expenditures
shall supersede the Capital Improvement Advisory Committee created
in 1958, which Committee is hereby abolished.