[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:
Consider the relative need, impact, timing and cost of these expenditures and the effect on the financial position of the Town.
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.