RESOLUITON
Motion/Request:
title
MOTION to approve the "Town Council Resolutions Approving Bond Resolutions And Calling Town Meeting" to be held on Monday, May 12, 2025 at 6:30 p.m. in the Council Chambers, 741 Colonel Ledyard Highway, Ledyard to consider said Resolution; and adjourn to a vote at a referendum to be held on Tuesday, May 20, 2025 between the hours of 6:00 a.m. and 8:00 p.m. at the Town Hall, Lower Level - Registrar's Office, 741 Colonel Ledyard Highway.
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Background:
Town Charter - Chapter VII; Section 9
SECTION 9. FINANCIAL POWERS
Any resolution making a non-budgeted appropriation of more than one (1) percent of the current tax levy, but less than five (5) percent for any purpose, any resolution authorizing the issuance of bonds or notes or other borrowing of less than five (5) percent of the current tax levy, except notes in anticipation of taxes to be paid within the fiscal year in which issued, and any sale or purchase of real estate or interest therein shall become effective only after it has been approved by the Town Council and adopted at a Town meeting by a majority vote of the qualified voters present and voting at such meeting.
The Town Meeting shall not act upon any proposal for the sale or purchase of real estate or any interest therein, or the issuance of bonds or other borrowing, except upon the recommendation of the Town Council; nor act upon any appropriation which has not been acted upon by the Town Council, unless the same shall have been before the Town Council for sixty (60) days without action.
No Town Meeting shall increase the amount of any bond issue or appropriation above the amount recommended by the Town Council, or make any appropriation not recommended by the Town Council.
After the same has been approved by the Town Council, any non-budgeted appropriation of more than five (5) percent of the current tax levy, and any resolution authorizing the issuance of bonds or notes in excess of five (5) percent o...
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