Therefore the committee has to make decisions as to which projects will be recommended for funding. In every financing cycle the Capital Budget Committee receives significantly more requests for funding than there are funds available. Planning services, design services, or feasibility studies for any capital projects.The purchase of major equipment, including motor vehicles office equipment, or other items with a cost greater than $10,000.New construction, reconstruction, repair, replacement, or improvement of land, utilities, waterways, buildings, public facilities, and other works with a cost greater than $10,000.Any acquisition, disposition, lease, or transfer of motor vehicles.Any acquisition, disposition, lease, or transfer of land or personal property.
Reviewing and evaluating the following:.Reviewing, evaluating, and recommending Town Meeting articles which alter the value of Town asset base.Evaluate and provide the most economical method of financing capital projects.Promote the effective coordination and administration of capital investment programs.Reviewing, planning, and coordinating capital improvements so as to promote a systematic, organized replacement, acquisition and disposition schedule.To this end, the committee is dedicated to accomplishing the following activities:
The Maintenance of the infrastructure and the capital assets of the Town are of vital importance to the delivery of quality services to the citizens of Cohasset. The Capital Budget Committee working with the Select Board, Town Manager, the managers of each Town Department, and private citizens, provides the means and support for planning, evaluating, and financing capital expenditures. The CBC acts as an advisory body to the Town Manager, Select Board, Advisory Committee, and Town Meeting, by investigating current and future capital needs and priorities of Town Departments. Each member also must be a legal resident of the Town. The Capital Budget Committee (CBC) consists of 5 members who are appointed by a committee consisting of the Chair of the Select Board, Chair of Advisory, and the Moderator additionally the committee may include one associate member who can only vote when designated by the Chair of the CBC.
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