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HomeMy WebLinkAbout4049 Ordinance ORDINANCE NO. (4 0 L l AN ORDINANCE AMENDING CHAPTER 3.130 OF THE PASCO MUNICIPAL CODE WHEREAS, the City Council finds that promotion of commerce and private business investment is a critically important goal for the community; and WHEREAS, the Industrial Development and Infrastructure Fund can serve a broader economic development purpose and, therefore, should be renamed and its purposes be broadened; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PASCO, WASHINGTON, DO ORDAIN AS FOLLOWS: Section 1. Pasco Municipal Code 3.130 be amended as follows: CHAPTER 3.130 INDUSTRIAL ECONOMIC DEVELOPMENT AND INFRASTRUCTURE FUND Sections: 3.130.010 CREATED 104 3.130.020 USE 104 3.130.010 CREATED. There is hereby created a special fund to be known as the "Industrial Economic Development and Infrastructure Fund" for the purpose of accounting for funds received, disbursed or expended for economic development, industrial development and public infrastructure as authorized by the Pasco City Council. (Ord 3706 Sec.l, 2004). 3.130.020 USE. The fund shall be used for the proper receipting and disbursement of all funds utilized, borrowed, received and expended in connection with economic development (including city owned Farm Facilities); industrial development (including land and public infrastructure such as iftehiding streets, rail lines, utilities, etc.) strategically identified by the Pasco City Council to attract and accommodate --••- - - • • - •- •• - - facilities economic development within the city. (Ord 3706 Sec.1, 2004). PASSED by the City Council of the City of Pasco at its regular meeting this 19th day of March, 2012. Matt Watkins Mayor ATT ST: APPR t 1 S TO FORM: riN Debra C ark, City Clerk Leland B. Kerr, City Attorney ORDINANCE NO. CI 0 HI AN ORDINANCE AMENDING CHAPTER 3.130 OF THE PASCO MUNICIPAL CODE WHEREAS, the City Council finds that promotion of commerce and private business investment is a critically important goal for the community; and WHEREAS, the Industrial Development and Infrastructure Fund can serve a broader economic development purpose and, therefore, should be renamed and its purposes be broadened; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PASCO, WASHINGTON, DO ORDAIN AS FOLLOWS: Section 1. Pasco Municipal Code 3.130 be amended as follows: CHAPTER 3.130 INDUSTRIAL ECONOMIC DEVELOPMENT AND INFRASTRUCTURE FUND Sections: 3.130.010 CREATED 104 3.130.020 USE 104 3.130.010 CREATED. There is hereby created a special fund to be known as the "Industrial Economic Development and Infrastructure Fund" for the purpose of accounting for funds received, disbursed or expended for economic development, industrial development and public infrastructure as authorized by the Pasco City Council. (Ord 3706 Sec.1, 2004). 3.130.020 USE. The fund shall be used for the proper receipting and disbursement of all funds utilized, borrowed, received and expended in connection with economic development (including city owned Farm Facilities); industrial development (including land and public infrastructure such as including streets, rail lines, utilities, etc.) strategically identified by the Pasco City Council to attract and accommodate major new private investment in industrial facilities economic development within the city. (Ord 3706 Sec.1, 2004). PASSED by the City Council of the City of Pasco at its regular meeting this 19th day of March, 2012. e,J 1 Matt Watkins Mayor ATT ST: ,J APPR t + 1 • S TO FORM: 1 ,,,hQ j2ei- "�--„'ms`s____- Debra C ark, City Clerk Leland B. Kerr, City Attorney