Capital Improvement Advisory Committee

Town Code Sec. 2-37.3 

Members are appointed by the Select Board: one Select Board member, one Planning Board member, one Finance and Advisory Board member, the School Superintendent or his designee, the Town Administrator, three residents of Stoneham as selected by the Select Board, one member of the School Committee and the Town Accountant.

Duties

Responsibilities of the Capital Improvement Advisory are outlined by Town Code Section 2-37.3.

Town Code Section 2-37.3

(a) The Select Board shall establish and appoint a Capital Improvement Advisory Committee (hereinafter referred to as the “Committee”), composed of:

i. one member of the Select Board as chosen by the Board;

ii. one member of the Planning Board as chosen by the Board;

iii. one member of the Finance and Advisory Board as chosen by that Board;

iv. the School Superintendent or his designee;

v. the Town Administrator; and

vi. three residents of Stoneham selected by the Select Board 

vii. one member of the School Committee

viii. the Town Accountant

The Committee shall choose its own officers.

(b) The Committee shall study proposed capital projects and improvements involving major non-recurring tangible assets and projects which:

i. are purchased, or undertaken, at intervals of not less than five years;

ii. have a useful life of at least three years; and

iii. incur a total cost over $10,000

(c) All departments, officers, boards and committees, including the Selectmen and School Committee, shall, by February 28th of each year, give to the Committee, on forms prepared by the Committee, information concerning all anticipated projects requiring Town Meeting action during the ensuing five years.  The Committee shall consider the relative need, impact, timing and cost of these expenditures and the effect each will have on the financial position of the town.

(d) The Committee shall prepare an annual report recommending a Capital Improvement Budget for the next fiscal year and a Capital Improvement Program including recommended capital improvements for the following five fiscal years.  The report shall be submitted to the Select Board prior to the annual town meeting to assist the Select Board with their recommended Capital Budget.

(e) The Committee’s report and the Select Board’s recommended Capital Budget shall be published and made available in a manner consistent with the distribution of the Finance and Advisory Board Town Meeting recommendations. The Committee shall file its report with the Town Clerk.