[Amended 4-24-1974 ATM by Art. 89; 4-25-2016 STM by Art. 4; 4-9-2018 ATM by Art. 32]
A.
The Town shall have a committee called the Capital Expenditures Committee,
which shall consider any and all Town capital matters, including all
matters for, or related to, funding under the Community Preservation
Act, for the purpose of making reports or recommendations thereon.
B.
The Capital Expenditures Committee shall consist of no less than
five and no more than seven voters of the Town, appointed for a term
of three years each, the terms of no more than two of which shall
expire in any one year, provided that, in the event the Committee
consists of seven members, the terms of no more than three members
shall expire in any one year. The Moderator shall determine whether
the Capital Expenditures Committee shall at any one time consist of
five, six, or seven members. A quorum of the Capital Expenditures
Committee shall consist of a majority of the members then in office.
No member of the Committee shall be a Town officer or a Town employee,
other than Town meeting member, or shall serve on any other board,
committee or commission of the Town or any subcommittee appointed
by any other Town official, board, committee or commission except
that a member may serve on special committees which may be created
from time to time by vote of the Town meeting when such vote expressly
authorizes a member to serve.
C.
On or before the first day of July in each year the Moderator shall
appoint to the Committee one, two or three members (as the case may
be) to serve until the last day of June in the third year thereafter.
Any vacancy in the Committee shall be filled by appointment by the
Moderator and the member so appointed shall serve for the predecessor's
unexpired term. If any member of the Committee ceases to be a resident
of the Town, or accepts any position that would preclude eligibility
for appointment to the Committee, such membership in the Committee
shall end. The Committee shall choose its own officers.
[Amended 3-16-1981 ATM by Art. 11; 3-23-2009 ATM by Art. 33; 4-9-2018ATM by Art. 32]
A.
The Committee may from time to time make such rules and regulations
with reference to its meetings and the conduct of its work as it may
deem best for the interests of the Town, and it may also hold public
meetings and invite any Town officer, employee, citizen or person
to attend, and to give such information as said person may have which
will assist the Committee upon any public matter coming before it
for consideration. This Committee shall be specially charged with
the duty of making recommendations for the prudent management of the
capital financial affairs of the Town and in discharge of this duty
shall have access to any record of the Town relating thereto and the
right to interview any officer or employee of the Town in connection
therewith.
B.
Notwithstanding the Committee's principal responsibility for capital
financial affairs, when called upon to participate in broader financial
affairs, it may offer its opinions and recommendations.
C.
The Chairman of the Select Board shall, as soon as possible after
a warrant has been drawn for a Town meeting, send a copy thereof to
each member of the Committee.
[Amended 3-27-2019 ATM by Art. 34]
D.
Each year the Capital Expenditures Committee shall request and receive
from the Town Manager information on all capital expenditures requested
by Town boards and departments that may be required within the ensuing
five-year period. The Committee shall consider the relative need,
timing and cost of these projects, the adequacy thereof and the effect
these expenditures might have on the financial position of the Town.
E.
The Committee shall prior to each Town Meeting for the transaction
of business prepare, publish and distribute by making copies available
at the office of the Town Clerk and at Cary Memorial Library, and
by mailing or otherwise distributing to each Town meeting member,
a report of its findings, setting forth a list of all such capital
expenditures together with the Committee's recommendations as to the
projects that should be undertaken within the five-year period, the
approximate schedule for the funding of each recommended project to
the extent practical, and its recommendations on policies with either
a direct or indirect effect on capital matters. This publication may
be combined with and distributed at the same time as the Appropriation
Committee report.
The term capital expenditures shall mean any
and all expense of a nonrecurring nature not construed as an ordinary
operating expense, the benefit of which will accrue to the Town over
an extended period of time.
