HomeMy WebLinkAbout2003-10-20 Building Finance Advisory Committee - Charge
BUILDING FINANCE ADVISORY COMMITTEE
Members:
7-9
Appointed By:
Selectmen
Length of Term:
Until acceptance of report - expected spring, 2004
Appointments Made:
As Needed
Meeting Time:
As Posted
Description:
The Selectmen's Building Finance Committee is charged with advising the
Selectmen as to the feasibility of financing through cash capital, or otherwise, certain capital
projects as roughly prioritized by the Committee. The Committee shall build upon the original
report submitted by the BFC in 1995 and by recommending a phased, scheduled and manageable
series of small cash capital investments in the Town’s physical plant. The Committee may
choose to review the Archetype Report to insure that the recommendations within it were
adequately addressed in the Committee’s Phase I report and work with staff to identify other
building investment and system needs. In addition, the Advisory Committee should provide
advice and counsel to the Selectmen as to scheduling of the capital projects as prioritized. In
their evaluation, the Advisory Committee should consider phasing of construction and financing
if necessary, or suggest alternative financing mechanisms if desired, in order to meet these needs.
The Advisory Committee should consider the real estate tax levy implications involved in
funding this priority listing.
Criteria for Membership:
Ref.:
Charge adopted by Board of Selectmen on October 20, 2003.
Dissolved April 4, 2005.