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HomeMy WebLinkAbout0300 ResolutionRESOLUTION NCO BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PASCO: Pursuant to Ordinance No. 516, and as such ordinance has been amended, there is hereby created in the office of the City Treasurer a special fund to be known as "Parking Meter Fund #2." Into said fund shall be placed all money received from the parking meters purchased on the 5th day of April, 1949 by the City of Pasco. Until the payment of the purchase price in full for said meters no withdrawals from said fund shall be rade except as shall apply uoon said purchase price, and modernization costs, in the manner provided by that certain contract entered into b,,> the City of Pasco on the 6th day of April, 1949, together with the modernization option exercised on the 7th day of June, 1949, with the Duncan Meter Corporation. Upon the payment in full of said purchase price and modernization costs said fund shall be abolished and any funds remaining therein shall be transferred by t City Treasurer to the current expense fund. Passed this _ day of ul-y, 10/49. ATTEST: