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ORDINANCE -NO. 1805
AN ORDINANCE OF THE CITY OF PASCO ESTABLISHING
A CAPITAL PROJECT FUND TO BE KNOWN AS THE
"FIRE EQUIPMENT AND CONSTRUCTION FUND" AND
PROVIDING FOR'THE FUNDING THEREOF.
WHEREAS, The voters of the City of Pasco, Washington, did on
February 3 1976, approve a special levy for the purpose of
purchasing fire equipment and constructing an additional bay on
the Fire Station; and
WHEREAS, A special fund must be created for the purpose of
accounting for the monies to be received -from the special levy; and
WHEREAS, The City Council of the -City of Pasco finds it in the
best interest of the City to purchase:the said fire.equipment and
build the additional bay prior to receipt of all of the'special levy
funds which are collectable.in the 1977 tax year; now, therefore.
THE CITY COUNCIL OF THE CITY OF PASCO DOES ORDAIN AS FOLLOWS:
Section 1: There is hereby created and established a capital project
fund to be k.rown'as the "Fire Equipment and Construction Fund".
Section 2: All monies received from the special fire levy along
with such other monies the City Council may appropriate for
this fund shall be placed in this fund to be used .for the
purchase of fire equipment and construction of the additional
bay on the existing fire station.
Section 3: The City Manager is hereby authorized to issue interest
bearing warrants to Peoples National Bank at an annual interest
rate of prime less one and one-half (1.50) per cent as needed
to obtain the•necessary_monies to pay the vendors.for the
authorized`,work'and equipment, said warrants to be redeemed from
.the proceeds of --the special fire levy or from such monies the
City Council ;may, appropriate for said purpose.
Section 4 : This' Ordinance'�-shall be in full force and effect after
its passage and publication,as required by law..
PASSED' BY, THE `CITY` -COUNCIL THIS, ' 20 day of 'July,1976.
J.C. BAILIE, MAYOR PRO TEM
ATTESTED:
Evelyn Wells, Deputy City Clerk
APPROVED AS TO -FORM
P'a"Erick T. -Roach, City Attorney