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HomeMy WebLinkAbout2111 OrdinanceAPPROVED AS TO FORM: Dennis J. De cli , City Attorney ORDINANCE NO. 2111 AN ORDINANCE relating to the creation of the "Pasco Municipal Golf Course Redevelopment Fund," a new fund, designating the sources of revenue for this fund and the purpose of expenditures from this fund. THE CITY COUNCIL OF THE CITY OF PASCO DOES ORDAIN AS FOLLOWS: Section 1. That Section 3.49.010 of the Pasco Municipal Code is hereby enacted to read as follows: P.M.C. 3.49.010 A fund shall be created to be known as the "Pasco Municipal Golf Course Redevelopment Fund." This fund shall be separate from other funds of the City of Pasco and all interest attributable to the monies in this fund shall be added to the monies in the fund. The monies contained in this fund may be invested with monies from other funds in a manner that best serves the interests of the respective funds. Should this fund be dissolved by the council in the future, any monies contained therein shall be deposited in the general fund of the city unless otherwise required by law. Section 2. That Section 3.49.020 of the Pasco Municipal Code is hereby enacted to read as follows: P.M.C. 3.49.020 SOURCE OF MONIES. Monies deposited in this fund shall be all income derived from the sales of land now owned by the city in the area of the presently existing municipal golf course. This shall include all the municipally owned land as designated on the Pasco Municipal Golf Course Redevelopment Master Plan which was adopted by the City Council by Resolution No. 1296. Income from other activities associated with this redevelopment plan shall also be deposited in this fund. The City Council may designate further sources of monies for this fund. Section 3. That Section 3.49.030 of the Pasco Municipal Code is hereby enacted to read as follows: P.M.C. :.3.49.030 EXPENDITURES. Monies contained in this fund shall be expended for the purpose of accomplishing the Pasco Municipal Golf Course Redevelopment Plan as adopted by Resolution No. 1296 or for such other related expenditures as the City Council shall designate. 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 this 19 day of November 1979. AT S�' : Chet Bailie, Mayor e yn Wel s, City Clerk