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HomeMy WebLinkAbout1805 Ordinancer , { 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