[HISTORY: Adopted by the City Council of the City of Framingham 1-5-2021 by Ord. No. 2021-006 as Art. II, Sec. 11, of the General Ordinances. Amendments noted where applicable.]
The Mayor and Council shall be active stewards of Framingham's physical assets.
[1]
Text derives from Charter Art. VI, § 8.
The Mayor shall establish and update not less frequently than annually an inventory of significant capital assets such as buildings, infrastructure (water, sewer, stormwater, and roads), moveable equipment and such other property as determined by ordinance. The Council shall by ordinance establish the requirements of the inventory, such as age, condition, maintenance and repair history, remaining useful life and other features as the Council may deem appropriate.
[1]
Text derives from Charter Art. VI, § 8.
A. 
The Mayor shall create a capital improvement program, which shall include:
(1) 
A clear summary of its contents;
(2) 
A list of all capital improvements proposed to be undertaken during the next five fiscal years with supporting data and rationale;
(3) 
Cost estimates, method of financing and recommended time schedules; and
(4) 
The estimated annual cost of operating and maintaining the facilities and/or equipment included.
B. 
The above information shall be revised and extended each year.
[1]
Text derives from Charter Art. VI, § 8.
The Mayor shall prepare and submit to the Council the inventory and the five-year capital improvement program at least six months prior to the Mayor's submission of the next fiscal year's operating budget.
A. 
Public hearing. The Council shall make the proposed capital improvement program available to the public and shall hold at least one public hearing on the capital improvement program.
B. 
Adoption. After the public hearing, concurrently with the passage of the next fiscal year's budget, the Council may amend and shall, by resolution, adopt the capital improvement program with or without amendments.
C. 
Annual report. The Mayor shall annually report on the municipality's progress regarding the capital improvement program.
[1]
Text derives from Charter Art. VI, § 8.
There shall be a Capital Budget Committee to provide a means of planning for the maintenance and/or improvement of the capital assets and infrastructure of the City of Framingham comprised of seven voters, one of whom shall be a member of the Council Finance Subcommittee, chosen by it, and six of whom shall be appointed by the Mayor. Said Committee shall meet for organization and shall elect its own officers.