(a) All activities heretofore or hereafter conducted by the Town for the purpose of the purchase, limited development and maintenance of open space of lands that can be used for purposes, including but not limited to buffers to preserve community identity, natural areas, wildlife habitat and wetlands, allowing continuation of existing visual quarters and offering passive recreational use through the development of the trail system shall be provided by the Open Space Fund.

(b) There shall be transferred to this fund all money, including investment income from the one-half of one (0.5) cent per dollar open space sales and use tax, effective January 1, 2000, and thereafter.

(c) Such funds shall be expended for the payment of such expenditures and for such purposes which are authorized pursuant to this Section and as authorized by the Board of Trustees. (Ord. 1109 §1, 2012)