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HomeMy WebLinkAbout2596 Ordinance... 40, . .. ORDINANCE NO. 2596 AN ORDINANCE creating a capital improvements fund; and creating new Chapter 3.116 of the Pasco Municipal Code. WHEREAS, on April 7, 1986 the City Council passed and the Mayor approved an Ordinance implementing the One-quarter of One Percent real estate excise tax authorized by RCW 82.46.010; and WHEREAS, no referendum petition was filed to repeal that tax; and WHEREAS, RCW 82.46.030 requires that the City place any funds received from such tax in a Municipal Capital Improvements Fund and that these capital improvement funds shall be used by the City only for local improvements, including those listed in RCW 35.43.040; and WHEREAS, the City Council has determined that it is necessary to create a capital improvements fund in order to comply with state law, NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PASCO, WASHINGTON DO ORDAIN AS FOLLOWS: Section 1. The City Finance Director is required to create a fund for accounting purposes, to be entitled "THE CAPITAL IMPROVEMENTS FUND" to comply with Chapter 82.46 RCW. Section 2. New Chapter 3.116 is hereby added to the Pasco Municipal Code and such Chapter shall read as follows: CHAPTER 3.116 CAPITAL IMPROVEMENTS FUND Sections: 3.116.010 Fund Created. 3.116.020 Use of Funds. 3.116.010 FUND CREATED. There is created a special accounting fund to be known as the "CAPITAL IMPROVEMENTS FUND" into which fund there shall be placed all proceeds received from the County Treasurer from the City of Pasco One-quarter of One Percent real estate t 1 tk 4.3 N W LLS, City Clerk AT : I excise tax. i 3.116.020 USE OF FUNDS. This capital improvements fund shall be used only for local improvements, including those listed in RCW 35.43.040. Section 3. This Ordinance shall take effect five (5) days after passage and publication. PASSED this 21st day of April, I ORDINANCE NO 2596 AN ORDINANCE cre- ating a capital im- provements fund and creating new Chapter 3 116 of the Pasco Municipal Code WHEREAS on April 7 1986 the City Council passerd and the Mayor ap- proved an Ordinance im- plemOtIng the One-quarter of 01 Percent real estate excis tax authorized by RCW 2 46 010 and WHEREAS no referen- dum petition was filed to re- peal that tax and WHEREAS, RCW 82 46 030 requires that the City place any funds re- ceived from such tax in a Municipal Capital Im- provements Fund and that these capital improvement funds shall be used by the City only for local im- provements including those listed in RCW 35 43 040 and WHEREAS the City Council has determined that it is necessary to cre- ate a capital improvements fund in order to comply with state law NOW THEREFORE THE CITY COUNCIL of the City of Pasco Washing- ton do Ordain as Follows Section 1 The City Fi- nance Director is required to create a fund for ac- counting purposes to be entitled "THE CAPITAL IM- PROVEMENTS FUND" to ,comply with Chapter 82 46 RCW , Section 2 New Chapter I3 116 is hereby added to the Pasco Municipal Code and such Chapter shall read as follows Sections 3 116 010 Fund Created 3 116 020 Use of Funds 3 116 010 FUND CRE- ATED There is created a special accounting fund to be known as the "CAPITAL IMPROVEMENTS FUND" Into which fund there shall be placed all proceeds re- ceived from the County Treasurer from the City of Pasco One-quarter of One Percent real estate excise , tax 3 116 020 USE OF FUNDS This capital im- provements fund shall be I used only for local im- provements including1 - those listed in RCW 35 43 040 Section 3 This Ordi- nance shall take effect five I (5) days after passage and publication PASSED this 21st day of April 1986 -s-Joe Jackson Mayor ATTEST -s-Evelyn Wells City Clerk APPROVED AS TO FORM -s-Greg A Rubstello City Attorney LEGAL NO 20847. April 25, 1986 0 Subscribed and sworn to before me this 25th day of April , 19 86 72? ry Public in and for the State of Washington, residing at Pasco AFFIDAVIT OF PUBLICATION COUNTY OF Benton )55 STATE OF WASHINGTON M. S. Hutchens , being first duly sworn on oath deposes she Principal Clerk and says is the of the Tr-City Herald, a daily newspaper That said newspaper is a legal newspaper and has been approved as a legal newspaper by order of the superior court in the county in which it is published and it is now and has been for more than six months prior to the date of the publication here- inafter referred to, published in the English language continually as a daily newspaper in Benton County, Washington, and is now and during all of said time was printed in an office maintained at the aforesaid place of publication of said newspaper That the annexed is a true copy of a Legal Advertisement Ordinance #2596 as it was printed in the regular and entire issue of the Tr-City Herald itself and not in a supplement thereof, for a period of one Times, commencing on the 25th day of April , 19 86 , and ending on the 25th day of April , 19 86 , and that said newspaper was regularly distributed to its subscribers during all of this period That the Total amount is $ 61020 S" @ 7965 = 61920 April 21, 1986 Tri City Herald P.O. Box 2608 Pasco, Washington 99302 Attn: Rochelle Dear Rochelle: Please publish Ordinance No. 2596 on the following date: April 25, 1986 Please send two (2) Affidavits of Publication. Sincerely yours Evelyn Wells City Clerk ew