[Adopted effective 4-29-1988]
The Town of Ellington does hereby authorize
the creation of an independent fund to accept voluntary contributions
for the improvement of Town roads to be known as the "Ellington Road
Improvement Fund."
Contributions for the fund may be received from
developers, builders, property owners and others whose developments
may necessitate improvements to (a) Town road(s) and such others who
may desire to make contributions.
The fund shall not become a part of the general
fund of the Town. The contributions shall be deposited in an account
wherein the income of the fund shall accumulate until such a time
as expenditures from the fund are authorized. The fund may be commingled
in the discretion of the Finance Officer to maximize income and minimize
management costs, provided that it shall always be accounted for as
a separate fund.
A.
The Board of Selectmen shall control the Road Improvement
Fund and shall, when it deems it appropriate, recommend expenditures
for the improvement of roads. In determining which roads are to be
improved, the Board of Selectmen shall seek and receive the advice
of the Planning and Zoning Commission.
B.
The Board of Selectmen shall recommend expenditures
from the fund only for the improvement of Town roads. Said fund may
also be spent for design and construction costs, equipment, materials,
engineering fees, land acquisitions, easements, legal fees and other
expenses related to road improvements. Appropriations from said fund
shall require the approval of the Board of Selectmen and the regular
appropriation rules and procedures governing Town expenditures.
C.
There shall be no requirement that the funds be spent
for improvement to particular roads or that the improvements bear
any particular relationship to the source of the funds.
