Chapter 3.307
CAPITAL IMPROVEMENT FUND
Sections:
3.307.010 Created.
There is created a capital improvement fund. (Ord. 50-97 § 28, 1997).
3.307.020 Revenues.
Revenue received by the city from the real estate excise tax levied under BMC 3.13.020 and pursuant to RCW 82.46.010 shall be placed in the capital improvement fund. (Ord. 50-97 § 28, 1997).
3.307.030 Use.
The capital improvement fund is to be used for any capital purpose identified in a capital improvements plan and local capital improvements. “Capital project” means those public works projects of a local government for planning, acquisition, construction, reconstruction, repair, replacement, rehabilitation or improvement of streets; bridges; domestic water system; storm and sanitary sewer systems; parks; recreational facilities; law enforcement facilities; fire protection facilities; trails; libraries; and administrative and/or judicial facilities. (Ord. 50-97 § 28, 1997).