For the purpose of this article, the following terms shall have the meanings indicated.
CAPITAL EXPENDITUREAny expenditure, financed in whole or in part by Town funds, for a capital improvement.
CAPITAL IMPROVEMENTA. Any acquisition, disposition, lease or transfer of land; or a building.
B. Any acquisition, disposition, lease or transfer of motor vehicles; or
C. Any acquisition or lease of any single item of equipment with a total cost of $25,000 or more, and a substantial useful life as determined by the Committee; or
D. Any construction, reconstruction, replacement, extension or other improvement of public buildings, highways, sidewalks, storm drains, sewerage installations, playgrounds, parks or substantially similar public works, or for a facility, structure or a utility appurtenant to any of the same, with a total cost of $25,000 or more.