HomeMy WebLinkAbout2072 OrdinanceORDINANCE NO. 2072
AN ORDINANCE relating to the decrease of
Supply System Impact Fund by
reappropriation to the newly
Bridge Demolition Fund".
the Washington Public Power
thirty.thousand dollars for
created "Old Pasco -Kennewick
THE CITY COUNCIL OF THE CITY OF PASCO DOES ORDAIN AS FOLLOWS:
Section 1. That the City Council finds that it is in the best
interest of the City of Pasco to temporarily decrease the Washington
Public Power Supply System Impact Fund by thirty thousand dollars
for reappropriation to a newly created fund with expenditure authority,
the "Old Pasco -Kennewick Bridge Demolition Fund", to facilitate the
obtaining of matching money from other jurisdictions.
Section 2. There is hereby created a new fund with expenditure
authority entitled the "Old Pasco -Kennewick Bridge Demolition Fund".
In addition to the amount provided for in this ordinance, this fund
may receive revenues received that are in excess of estimated revenues
during the current fiscal year when said revenues are received for the
purpose of facilitating the demolition of the old Pasco -Kennewick Bridge.
Section 3. The [r7ashington Public Power Supply System Impact fund
created by Ordinance No. 1970 shall be temporarily decreased by
thirty thousand dollars by the transfer of said amount to the "Old
Pasco -Kennewick Bridge Demolition Fund". This transfer shall be
temporary in that the "Old Pasco -Kennewick Bridge Demolition Fund"
shall reimburse -the Washington Public Power Supply System Impact Fund
for this amount and also shall pay to said fund interest at the rate of
9% per annum.
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 of the City of Pasco by a vote of
six YES to zero NO this 2nd day of July , 1979.
ATTE��
Chet. Bai! ie, Mayor
Evel is City Clerk ZI
APP OVED AS TO FORM
`S
Den is J. De li e, City Attorney