[Adopted effective 8-8-1992]
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.
A.
The Board of Selectmen shall control the Sidewalk
Improvement Fund and shall, when deemed appropriate, recommend expenditures
for the improvement of sidewalks. In determining which sidewalks are
to be constructed or 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 construction or improvement of Town sidewalks.
Said fund may also be spent for design and construction costs, equipment,
materials, engineering fees, land acquisition, easements, legal fees
and other expenses related to the sidewalk construction or 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 sidewalks in particular areas or that the area of construction
or improvement bear any particular relationship to the source of the
funds.
