[Adopted as Secs. 4-3-1 through 4-3-4 of
the Code of 1972 (Ch. 4 of the 1990 Code)]
Pursuant to Connecticut General Statutes, § 7-131q,
the Town of Wethersfield shall hereby establish an Agricultural Land
Preservation Fund hereinafter referred to as the "fund." There shall
be deposited in said fund:
A.
All moneys received by the Town of Wethersfield, from
whatever source and by whatever means, as gifts for agricultural land
preservation purposes.
B.
All moneys received by the Town of Wethersfield, from
whatever source and by whatever means, as grants or loans for agricultural
land preservation purposes.
C.
All moneys appropriated to said fund by the Town of
Wethersfield.
The fund shall be in the custody of the Finance Director of the Town of Wethersfield. All or any part of the moneys in said fund may, from time to time, be invested in any investments in which public funds may be lawfully invested. All income derived from such investments shall be paid into the fund and become a part thereof. The moneys so invested shall at all times be subject to withdrawal from such investments for use as provided in § 14-4 below.
Annually, the Finance Director, as custodian
of the fund, shall submit to the Council a complete and detailed report
of the condition of said fund, which report shall be made a part of
the annual municipal report.
Upon authorization of the Town Council, the
moneys in said fund may be used by the Town for the acquisition in
its name of the development rights of agricultural land and for any
expenditure incurred for the preservation of agricultural land, provided
that the development rights have been voluntarily offered for sale
to the Town by the owner and the land has been designated for preservation
purposes by the Town in an open space plan, plan of development or
farmland preservation plan.
