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Clayton council approves cumulative capital development ordinance; 30-day remonstrance follows
3255410 · May 9, 2025
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Summary
The Town of Clayton Town Council voted to adopt an ordinance establishing a cumulative capital development fund (CCDF) and set a schedule to begin collections; the approval triggers a 30-day remonstrance window before submission to the Department of Local Government Finance.
The Town of Clayton Town Council voted to adopt an ordinance establishing a cumulative capital development fund and set a timeline to begin collecting the fee tied to property loans.
Council members opened and closed a public hearing on the CCDF with no public comment, then moved…
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