Chapter 3.56
STREET RESERVE FUND
Sections:
3.56.010 Established.
There is established a street reserve fund to be maintained by the City. (Ord. C-361 § 4, 1996; Ord. C-289, 1993; Ord. C-270 § 4, 1992; Ord. C-082 § 1, 1984)
3.56.020 Source – Investment.
The fund shall be held as a separate fund; provided, the fund may be invested with any other fund or moneys of the City, except as otherwise precluded by law, applicable rule, or standard accounting practice, so long as the credits to this fund are separately recorded and maintained. Such sums as the City Council may from time to time direct by motion shall be placed in this fund. No sum shall be withdrawn from this fund except upon resolution duly passed by the City Council, except no such resolution shall be deemed necessary if removal from the fund is only for the purpose of changing the place or account of a guaranteed investment of the fund. (Ord. C-082 § 2, 1984)