10/17/2005 Special Town Meeting - Laserfiche WebLink

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all projects anticipated by them, i.e., involving the acquisition of land or an expenditure of twenty five thousand dollars ($2 ,000) having a useful life of at least three (3) years. The Committee shall consider the relative need, timing and cost of these expenditures and the effect each will have on the financial position of the Town. History: Amended 5-7-2001 ATM,Article 24,approved by Attorney General on 8-18-2001 §645. Preparation of Annual Report. History: Amended 10-7-1996 ATM,Article 53,approved by Attorney General on 12-9-1996, A. The Committee shall prepare and submit to the Town Manager, by the second Monday in January, an annual written report containing a Capital Improvement Program for the following fiscal year. The Town Manager shall submit the Capital Improvement Program to the Finance Committee by the first Monday in February. The Finance Committee will include said Program, including explanations, in its Report to the Spring Annual Town Meeting. The Finance Committee will submit an article to the Board of Selectmen for inclusion in the Warrant of the budget for capital outlays, as recommended by the Capital Improvement Program Committee. B. The Committee shall also prepare a Capital Improvement Program for the following five (5) years for presentation to the Finance Committee. The Finance Committee will include said report from the Capital Improvement Program Committee, including explanations, in its report to the Spring Annual Town Meeting. The Finance Committee will submit an article to the Board of Selectmen for inclusion in. the Warrant for the Capital Improvement Program for the following five (5) years, as recommended by the Capital Improvement Program Committee. C. The Committee may make such investigations and hold such hearings as it may deem necessary but shall hold at least one (1) public hearing annually during the Committee's deliberations on capital projects, said hearing to be held following notice published in a newspaper of general circulation in the Town. §6-16. Effect of Program. Such Capital Improvement Program, after its adoption by Town Meeting action, shall permit the expenditure on projects included therein of sums from departmental budgets for surveys, engineering advice, options or appraisals which may be expended for projects listed thereon, but no such expenditure shall be incurred on projects which have not been so approved by Town Meeting action. Such expenditures may also be made as to projects approved by the Town through the appropriation of sums in the current or prior years and also for preliminary planning for projects to be undertaken more than five (5) years thence. §6-17. Copies of Annual Report. Copies of the Annual Report shall be published and distributed along with the Finance Committee Report. The Capital Improvement Program Committee shall deposit the original with the Town Clerk. 28