Chapter 3.39
TIMBER RIDGE SETTLEMENT FUND
Sections:
3.39.010 Establishment and purpose.
3.39.010 Establishment and purpose.
There is hereby created a Timber Ridge settlement fund which shall be used for the purpose of funding repair and maintenance to the failed infrastructure in the Timber Ridge plat. (Ord. 1134-12)
3.39.020 Funding sources.
Funds were provided under a settlement agreement with the bonding company for the plat. (Ord. 1134-12)
3.39.030 Expenditures.
Expenditures from the fund shall be made as appropriated and authorized in the city’s annual budget. (Ord. 1134-12)
3.39.040 Accumulated funds.
Should this fund be discontinued any unexpended funds remaining in the fund shall be deposited equally into the street, water, sewer and storm construction funds. (Ord. 1134-12)