HomeMy WebLinkAbout3728 Ordinance ORDINANCE NO. �72?
AN ORDINANCE of the City of Pasco, Washington, creating Chapter 3.30 of
the Pasco Municipal Code entitled `Boulevard Perpetual Maintenance Fund".
WHEREAS, The City Council of the City of Pasco, Washington, has determined that a
new fund entitled`Boulevard Perpetual Maintenance Fund" is necessary.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PASCO,
WASHINGTON, DO ORDAIN AS FOLLOWS:
Section 1. That Chapter 3.30 of the Pasco Municipal Code is hereby created to read as
follows:
3.30.010 ESTABLISHED. There is established a fund to be called the `Boulevard
Perpetual Maintenance Fund". All monies collected pursuant to subdivision agreements for the
purpose of providing perpetual maintenance of developer installed landscaping and fencing
along designated boulevards shall be deposited in this fund only. All interest that is attributable
to money in the fund shall be deposited in and credited to the fund.
3.03.020 EXPENDITURE OF FUNDS. Moneys deposited in the Boulevard Perpetual
Maintenance fund shall be expended only for the perpetual maintenance of developer installed
landscaping and fencing on such boulevards as are identified for perpetual maintenance pursuant
to subdivision agreements. The City Council shall approve annual maintenance expenditures
from the fund.
3.03.030 INTENT. It is intended, as much as possible, to limit annual expenditures
from the fund to amounts that will not exceed the annual interest attributable to the principal
amount held in the fund. The maintenance of the principal amount, intact, as long as possible,
will minimize the impact on the City's General Fund for maintenance expense.
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 5th day of
July, 2005.
C ,
ichael L. Garrison, Mayor
ATTEST: APPROVED S TO FORM:
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Sandy L. Kphworthy, Deputy City tlerk Leland B. Kerr, City Attorney