(A) There is hereby established within the budget and General Fund of the town a Town Hall Remodeling Construction Fund.
(B) The Town Hall Remodeling Construction Fund for the town shall be funded by the monies received by the town from Cedar Lake Town Hall Building Corporation, and particularly, from the transaction between the town and the Cedar Lake Town Hall Building Corporation and funds available from the First Mortgage Bonds issued by the Cedar Lake Town Building Corporation.
(C) The funds to be deposited in the Town Hall Remodeling Construction Fund may be utilized for any and all purposes related to the remodeling activities for the Cedar Lake Town Hall currently under contract with the Jack Beck Corporation, as well as any and all such related expenditures as deemed appropriate by the Town Council.
(Ord. 666, passed 12-26-95)