A.
The Town Council shall act by ordinance in all matters required by law to be done by ordinance, including:
(1)
Adopt or amend an administrative code or ordinance, create, alter or abolish any Town department, office, or agency;
(2)
Provide for a fine or other penalty or establish a rule or regulation in which a fine or other penalty is imposed for the violation thereof;
(3)
Appropriate funds and adopt a budget;
(4)
Grant, renew or extend franchises, licenses or rights in public streets or in public property, and close abandoned streets;
(5)
Authorize the borrowing of money or the issuance of bonds;
(6)
Levy taxes, assess property for improvements or establish service charges;
(7)
Annex areas to the Town;
(8)
Convey or lease or authorize the conveyance or lease of any lands of the Town; and
B.
In all other matters, the Council may act either by ordinance, resolution, or on motion, written or oral, which shall be recorded in the minutes.