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TC Resolution 25-18 Adopting the Town of Avon Long-Range Capital Program and Simultaneously Adopt the 2026 Capital Projects Fund Budgetn Avon RESOLUTION NO. 25-18 ADOPTING THE TOWN OF AVON LONG-RANGE CAPITAL PROGRAM AND SIMULTANEOUSLY ADOPT THE 2026 CAPITAL PROJECTS FUND BUDGET WHEREAS, the Town Council of the Town of Avon has directed the Town Manager to prepare and submit a long-range capital program to said governing body for its consideration; and WHEREAS, the Town Council of the Town of Avon has directed the Town Manager to prepare and submit a proposed Capital Projects Fund budget to said governing body for its consideration; and WHEREAS, upon due and proper notice, published and posted in accordance with the law, said proposed budget was open for inspection by the public at a designated place. Public hearings were held on November 11, November 18, and December 9, 2025, and interested taxpayers were given the opportunity to file or register any comment to said proposed budget; and WHEREAS, whatever increases may have been made in the expenditures, like increases were added to the revenues or planned to be expended from reserves/fund balances so that the Capital Projects Fund budget remains in balance, as required by law. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN OF AVON: Section 1. That long-range capital program as submitted to the Town Council is hereby accepted as an official Town document and planning tool, and that the information contained therein may be revised or extended each year with regard to capital improvements. Section 2. That estimated revenues and expenditures for the Capital Projects Fund are as follows for 2026: Resolution No. 25-18 December 9, 2025 Page 1 of 2 ADOPTED December 9, 2025 by the AVON TOWN COUNCIL 4-�Xv By: J Attest: /TIT i Ta N. Underwood, Mayor Miguel Jauregui Cas4d4va, Town Resolution No. 25-18 December 9, 2025 Page 2 of 2 Capital Projects Fund Beginning Fund Balance Revenues and Other Sources Expenditures and Other Uses Ending Fund Balance 2026 Proposed Budget $ 11,352,644 14,018,925 18,991,676 6,379,893 Section 3. That the budget, as submitted, and hereinabove summarized by fund, hereby is approved and adopted as the Capital Projects Fund budget of the Town of Avon for the year stated above. Section 4. That the Capital Projects Fund budget hereby approved and adopted shall be signed by the Mayor and made part of the public record of the Town. N FA V toLCRA©