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HomeMy WebLinkAbout2776 OrdinanceA vu,st APPROVED AS TO FORM: ELLS, City Clerk GREG A. UBSTELLO, City Attorney ORDINANCE NO. 2776 AN ORDINANCE creating the Sun Willows Development Fund; and creating new Chapter 3.125 of the Pasco Municipal Code. WHEREAS, a fund is needed to account for the costs of development and the receipt of payment from lot sales for the commercial and residential development of the property within and immediately adjacent to the Sun Willows Golf Course; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PASCO, WASHINGTON, DO ORDAIN AS FOLLOWS: Section 1. New Chaptet 3.125 of the Pasco Municipal Code is hereby created, which Chapter shall read as follows: CHAPTER 3.125 SUN WILLOWS DEVELOPMENT FUND Sections: 3.125.010 Created. 3.125.020 Use. 3.125.010 CREATED. There is hereby created a special fund to be known as the "Sun Willows Development Fund" for the purpose of accounting funds received, disbursed and expended for the development costs and the sale of lots and other tracts of land for the residential and commercial development of the city property within and immediately adjacent to the Sun Willows Golf Course. 3.125.020 USE. The fund shall be used to provide for the proper receipting and disbursement of funds utilized, borrowed, received and expended in connection with the residential and commercial development of city property within and immediately adjacent to the Sun Willows Golf Course and to account for payments received by the city from the sale of lots and other tracts of land in connection with the commercial and residential development at Sun Willows. Section 2. This Ordinance shall take effect five (5) days after passage and publication. PASSED by the City Council and APPROVED by the Mayor this day of May, 1990. n.n May 8, 1990 Tri City Herald P.O. Box 2608 Pasco, Washington 99302 Gentlemen: Please publish Ordinance Nos. 2774, 2775 and 2776 on the following date: May 11, 1990 Please send two (2) Affidavits of Publication for each. Evelyn Wells City Clerk ew