It is recognized that the Town often undertakes
the construction or renovation of schools, government buildings or
other public projects pursuant to programs offered by the State of
Connecticut or the federal government which provides reimbursement
of all or a portion of the funds expended by the Town for such project.
It is further recognized that the Town has in the past funded such
projects through the issuance of bonds and may in the future fund
such projects in a similar manner. Notwithstanding any other provision
of the Code of the Town of Stratford, any funds received by the Town
from either the state or federal governments as reimbursement for
public projects undertaken by the Town after reimbursing any source
of funds previously used by the Town to temporarily finance such public
project shall be reserved or designated for the specific purpose of
paying any bonds which have been issued by the Town for said project
or for the purpose of paying for other public projects of a similar
nature, as shall be determined by a majority of the Town Council.