Be it resolved by electors and taxpayers of the Town of Lyme that the Board of Selectmen and/or its duly appointed representatives be authorized to obtain and expend funding for the construction of a new Library and renovation and expansion of the Town Hall in an amount not to exceed 4.7 million ($4,700,000) dollars.

Notwithstanding the availability of federal or state funds, be it further resolved that municipal (Town of Lyme) public financing and expenditures for the project be capped at 3.7 million ($3,700,000) dollars. A minimum of 1 million ($1,000,000) dollars shall be raised or pledged from private donations and/or grants before actual construction shall proceed with the project to begin no earlier than fiscal year 2013-2014.


This resolution shall take effect fifteen (15) days after publication in a newspaper having a general circulation in the Town of Lyme.