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HomeMy WebLinkAbout3706 Ordinance ORDINANCE NO. d�d AN ORDINANCE of the City of Pasco, Washington, creating Chapter 3.130 of the Pasco Municipal Code entitled "Industrial Development and Infrastructure Fund". WHEREAS, The City Council of the City of Pasco, Washington, has determined that a new fund entitled "Industrial Development and Infrastructure Fund" is necessary. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PASCO, WASHINGTON, DO ORDAIN AS FOLLOWS: Section 1. That Chapter 3.130 of the Pasco Municipal Code is hereby created to read as follows: 3.130.010 CREATED. There is herby created a special fund to be known as the "Industrial Development and Infrastructure Fund" for the purpose of accounting for funds received, disbursed or expended for industrial development and public infrastructure as authorized by the Pasco City Council. 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 industrial development including land and public infrastructure (including streets, rail lines, utilities, etc.) strategically identified by the Pasco City Council to attract and accommodate major new private investment in industrial facilities. Section 2. This ordinance shall take effect and be in force from and after its passage and five days following its publication as required by law, . PASSED by the City Council of the City of Pasco at its regular meeting this a4'day of 2004. Michael L. Garris n, Mayor ATTEST: APPR ED TO FORM: Sandy L. enworthy, Deputy ity Clerk Leland B. Kerr, City Attorney