[HISTORY: Adopted 2-11-2019 by Ord. No. 19-04. Amendments noted where applicable.]
The Town Council may appoint a Capital Improvement Committee
to study proposed capital projects and improvements involving major
tangible assets and projects which are purchased or undertaken in
intervals of not less than five years, have a useful life of at least
five years, and cost over $25,000.
The Committee may:
A.Â
Consider the relative need, impact, timing and cost of these expenditures
and the effect on the financial position of the Town.
B.Â
Prepare an annual report and recommend a capital improvement budget
for the next fiscal year, and a capital improvement program, including
recommended capital improvements for the following four fiscal years.
The Committee consists of one Town Council representative, one
School Committee representative, two citizen members appointed for
three-year staggered terms by the Town Council, the School Superintendent
or designee, the Finance Director, and the Town Manager.
