[HISTORY: Adopted by the Town Meeting of the Town of Sudbury as Art. XXV of the General Bylaws. Amendments noted where applicable.]
[Amended 5-7-2013 ATM]
There shall be a committee known as the "Capital Improvement Advisory Committee" (CIAC) composed of seven members: six members appointed by the Select Board and one member appointed by the Finance Committee. The CIAC shall choose its officers annually. The term of office shall be three years, not more than three of which shall expire within the same year. Members of standing boards and committees, as well as Town or school employees, shall be precluded from membership on the CIAC. CIAC members may serve on ad hoc committees created by the Select Board.
[Amended 5-7-2018 ATM; 5-7-2019 ATM]
The CIAC shall study all capital proposals which involve major tangible items with a total project cost of more than $100,000 in a single year or over $200,000 in multiple years and which would likely require an article at Town Meeting for the project's authorization. The CIAC shall make a report with recommendations to the Finance Committee and the Select Board on these proposals.
The Sudbury Town Manager shall develop an operating budget for proposed capital expenditures for the upcoming fiscal year, containing those items whose costs do not meet this threshold and are to be included in the annual budget and financing plan submitted to Town Meeting. The Town Manager shall work with representatives of the Sudbury Public Schools and the Lincoln-Sudbury Regional High School in developing this budget. This capital expenditures budget shall be submitted to the Sudbury Finance Committee at the same time as the budgets of other Sudbury cost centers.