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Council creates separate building‑permit fund by title; reporting requirements flagged
Summary
On title‑only first reading, the council created fund 2260 for building and construction related fees (Ordinance 2026‑009) and the attorney warned of new annual reporting and five‑year fee increase limits tied to a recent law.
By title only the council adopted Ordinance 2026‑009 to create the building and construction related fees fund (fund 2260) pursuant to state code; the full ordinance will return at the next meeting because some pages were missing during the reading.
The town attorney highlighted a house‑enrolled act tied to the change that imposes an annual reporting requirement (including median home sale and rent figures, number of residential dwelling units constructed) and a restriction that building permit fee increases may only occur every five years and cannot exceed a five‑year average CPI calculation. The attorney advised the council to plan reporting and budget changes now.
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