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HomeMy WebLinkAbout0855 OrdinanceORDINANCE NO. AN ORDINANCE ESTABLISHING A SPECIAL FUND DESIGNATED AS. " PERMANENT STREET CONSTRUCTION AND STORM SEWER CONSTRUCTION RESERVE. FUND". THE. CITY COUNCIL OF THE CITY OF PASCO DO ORDAIN AS FOLLOWS: Section 1. There is hereby established a special fund designated as "Permanent Street Construction and. Storm Sewer Construction Reserve. Fund". The :monies in said fund shall be used for permanent street construction and storm sewer construction, and the monies in said fund may be expended in co-operation with a Local Improvement District to that extent established by the City Council from time to time. Section 2. There shall be transferred from the Street Fund to the Permanent Street Construction and Storm Sewer Construction Reserve Fund, from time to time, sufficient monies to accomplish: the purpose or purposes herein set forth; provided that said transfer shall not exceed $45, 000. 00 dur- ing the year 1956. Section 3. This. Ordinance shall be in full force and effect five (5) days. after its passage and publication as required by law. PASSED by the. City Council and APPROVED by the Mayor on the_ day of Dec-e�.�ber-.; 9 5"' YOR ATTEST: City Clerk A OVED AS; 7. �FORM: City Attorney PU LISHED: