Chapter 3.30
PUBLIC WORKS TRUST FUND LOANS – SEWER FUND

Sections:

3.30.010    Public works trust fund loans – Sewer fund created.

3.30.020    Calculation of funding.

3.30.030    Ratification of effective date of use of the fund.

3.30.010 Public works trust fund loans – Sewer fund created.

The city treasurer is authorized to establish a new Fund No. 407 to account for the revenues to and expenditures for the retirement of outstanding debt for the public works trust fund loans which were previously awarded to the city in connection with the 1989 sewer treatment plant construction project. [Ord. 1151 § 1, 1993.]

3.30.020 Calculation of funding.

The city treasurer shall calculate the amount of city charges collected from its customers which should be placed directly into this fund on a monthly basis for retirement of the public works trust fund loans debt as set forth on Exhibit A of the ordinance codified in this chapter and incorporated in this chapter by this reference as if set forth in full. [Ord. 1151 § 1, 1993.]

3.30.030 Ratification of effective date of use of the fund.

The city treasurer shall place all appropriate moneys into the fund beginning with collections from January 1, 1993, forward. All placement of moneys into the fund prior to the effective date of the ordinance codified in this chapter are ratified. [Ord. 1151 § 1, 1993.]