Chapter 3.65
OPEN SPACE RESERVE FUND
Sections:
3.65.010 Fund created.
There is hereby established a fund to be known as the “Open Space Reserve Fund” into which may be paid such moneys from general and unrestricted revenues of the City as the City Council may deem appropriate to meet the needs of the City for any and all real property, including acquisition, improvement and development of real property and permanent structures and fixtures attached thereto, whether through lease, purchase, joint venture, or other device or vehicle, as well as real property and siting evaluations and studies, real property needs assessments and any other expenditures related, directly or indirectly, to the City’s real property needs. Moneys in the fund shall be withdrawn and transferred or expended as determined by majority vote of the City Council, in furtherance of the purposes of the Fund. (Ord. 92-1057 § 1)