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Vermont Statutes Title 24 (Appendix). Municipal Charters, App. c. 1 § 406a. Capital improvement plan

Current as of January 01, 2024 | Updated by FindLaw Staff

(a) Preparation and submission. The Manager, after consultation with department heads, shall submit a proposed five-year capital improvement plan to the council at least three months prior to the annual meeting.

(b) Contents. The capital expenditure plan shall include:

(1) a clear narrative summary of needs;

(2) a list of all capital expenditures to be proposed for the next five years with appropriate supporting data;

(3) actual cost estimates, proposed methods of financing, and necessary time schedules for each improvement; and

(4) estimated annual cost of operating and maintaining the facilities to be constructed or acquired.

(c) Revision and update. The capital expenditure plan shall be revised and extended each year to reflect progress or projects still pending.

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Cite this article: FindLaw.com - Vermont Statutes Title 24 (Appendix). Municipal Charters, App. c. 1 § 406a. Capital improvement plan - last updated January 01, 2024 | https://codes.findlaw.com/vt/title-24-app-municipal-charters/vt-st-tit-24-app-c-1-sect-406a/

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