Council adopts Resolution 2026-05 to preserve option to reimburse expenditures from future bonds

The council adopted Resolution 2026-05, described in the meeting as a declaration of official intent to reimburse certain expenditures from the proceeds of bonds the town might issue later. Council members clarified that the resolution preserves the option to reimburse cash outlays from future bond proceeds but does not commit the town to issue bonds or change the government's debt until a separate bond action occurs.

A council member asked whether the item was a resolution or ordinance; the chair and others clarified it is a resolution ("2026-05"). The motion to adopt Resolution 2026-05 was made, seconded (Tony), and approved by voice vote at the meeting. The council's adoption ensures compliance with the tax and bond reimbursement timing rules discussed in the meeting (speakers noted the necessity of declaring intent before spending if reimbursement from bond proceeds is later sought).