Current as of January 01, 2020 | Updated by FindLaw Staff
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(a) Submission to Council.The Manager shall prepare and submit to the Council a five-year capital improvement program at least 60 days prior to the final date for submission of the budget.
(b) Contents.The capital improvement program shall include:
(1) a clear general summary of its contents;
(2) a list of all capital improvements which are proposed to be undertaken during the five fiscal years next ensuing with appropriate supporting information as to the necessity for such improvements;
(3) cost estimates, method of financing, and recommended time schedules to be constructed or acquired; and
(4) a complete list of all capital assets, a depreciation and replacement schedule, and a five-year repair and replacement plan.
(c) Revisions and extensions. The information in this section may be revised and extended each year with regard to capital improvements still pending or in process of construction or acquisition.
Cite this article: FindLaw.com - Vermont Statutes Title 24 (Appendix). Municipal Charters, App. c. 19 § 705. Capital improvement plan - last updated January 01, 2020 | https://codes.findlaw.com/vt/title-24-app-municipal-charters/vt-st-tit-24-app-c-19-sect-705/
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