HomeMy WebLinkAbout1967-875 ORDINANCE NO. 'e.
AN ORDINANCE creating the Airport Improvement Fund as a special fund;
specifying the purposes of such fund; designating the
source of funds therefor; creating Chapter 3.70 as a new
Chapter of the City of Yakima Municipal Code; and declar-
ing an emergency.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF YAKIMA:
• Section 1. There is hereby created a new Chapter to the City of
Yakima Municipal Code, to be numbered and entitled Chapter 3.70, Air-
,
port Improvement Fund, which new Chapter shall read as follows:
"Chapter 3.70
AIRPORT IMPROVEMENT FUND
Sections:
3.70.010 FUND CREATED - PURPOSES.
3.70.020 SOURCE OF FUNDS
3.70.030 EXPENDITURES
3.70.010 FUND CREATED - PURPOSES. There is hereby
created a special fund to be known as the Airport Improve-
ment Fund. The monies in said fund shall be used to pay
for improvements to the Yakima Municipal Airport, and for
transfer to the Arterial Street Fund to pay for land ac-
quisition for, and the construction of, Washington Avenue
• and Sorenson Road, adjacent to the Yakima Municipal Airport.
3.70.020 SOURCE OF FUNDS. Proceeds from General
Obligation Bonds, issued pursuant to Ordinance No. 874 of
the City of Yakima, passed January 23, 1967, shall be
placed into said Airport Improvement Fund. Money con -
tributed by the County of Yakima and by the United States
Government for the purposes mentioned in Section 3.70.010
of the City of Yakima Municipal Code shall also be placed
into said Airport Improvement Fund.
3.70.030 EXPENDITURES. Expenditures from the Airport
Improvement Fund shall be made only for the purposes speci-
fied in Section 3.70.010 of the City of Yakima Municipal
Code. No expenditure shall be made from such fund unless
the Yakima City Council shall approve such expenditure by
passing an ordinance appropriating money within the fund
for the purpose for which the expenditure is to be made,
or by including an appropriation for such purpose in the
budget."
Section 2. This Ordinance is one to provide for the immediate
0 preservation of the public peace, property, health, safety and welfare
of the people of the City of Yakima and an emergency is hereby declar-
ed to exist and this Ordinance shall be in full force and effect im-
mediately upon its passage, approval and publication as provided by
law and by the City Charter.
PASSED BY THE CITY COUNCIL, signed and approved this 23rd day of
January, 1967.
AT EEST: Am
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City Clerk Mayor