Chapter 3.36
CAPITAL IMPROVEMENTS AND FACILITIES FUND NO. 316
Sections:
3.36.020 Establishment of fund.
3.36.030 Use of funds – Transfer.
Legislative history: Ord. 84-32.
3.36.010 Fund created.
There is hereby created and established a special fund to be known as the "capital improvements and facilities fund No. 316" for the purpose of financing capital improvements and facilities as shall be designated from time to time by the city council.
3.36.020 Establishment of fund.
The fund is to be made up from real estate excise tax and other funds as shall be designated from time to time by the city council or applicable state law.
3.36.030 Use of funds – Transfer.
Monies deposited into this fund shall be used solely for capital and facilities improvements as shall be designated from time to time by the city council; provided, however, nothing contained herein shall limit the city council’s authority to transfer monies deposited in this fund to other funds of the city.