The Town of Ellington does hereby authorize
the creation of an independent fund to accept voluntary contributions
for the improvement of Town sidewalks to be known as the "Ellington
Sidewalk Improvement Fund."
Contributions for the fund may be received from
developers, builders, property owners and others whose developments
may necessitate construction of sidewalks or improvements to Town
sidewalks 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.