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Council introduces ordinance to establish required building and construction fund
Summary
Council introduced ordinance 2026-'11 to create a nonreverting building-and-construction fund to collect fees for building and construction-related approvals, a statutory requirement referenced during introductory remarks as 'new public law 73 20 26.' This was first reading/introduction only.
An ordinance (2026-'11) to establish the town’s building-and-construction fund was introduced on first reading.
Staff noted the law requires the town to set aside fees collected for building and construction approvals into a separate, nonreverting fund. A staff speaker summarized: "This is a nonreverting fund, so it sets by itself and stays there at the end of the year. This is a statutorily required, fund." The item was introduced for first reading and no final action was taken.
The ordinance description on the record identified the source of the fund as building and construction approval fees and said the fund will remain dedicated to those purposes. Council did not vote on final adoption during the meeting.
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