Chapter 3.48
SPECIAL RESERVE FUND
Sections:
3.48.010 Established—Purpose.
A. There shall be set up a special reserve account for the deposit of such revenue from donations and the current expense fund of the town as the council may direct.
B. The moneys in the special reserve account are to be utilized for the upgrading, refurbishing or replacement of the swimming pool and facilities including any preliminary studies or engineering costs as such projects are authorized by the council. (Ord. 325, 1985)