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Committee asks legal about structuring CIP Trust Fund revenue
Capital Improvement Planning Committee · May 5, 2026
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Summary
Members asked staff to check with legal counsel on how to structure funding sources for the CIP Trust Fund after questions about transfers and revenue characterization arose.
Sean Leary asked whether town revenue sources could be used to seed or supplement the CIP Trust Fund and asked for guidance on acceptable fund structures. Chair Kathryn Lynch agreed to verify options with the town's legal advisors.
The committee did not adopt any new funding policy; Lynch said she would follow up with legal and report back at a future meeting. The meeting record does not identify which legal office or counsel Lynch will consult.
