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HomeMy WebLinkAbout1974-1612 CREATING CITY SHOPS CONSTRUCTION FUND; ENACTING CHAPTER 3.97, “CITY SHOPS CONSTRUCTION FUND”. ORDINANCE NO. / 4,42. AN ORDINANCE relating to funds and accounts; creating a City Shops Construction Fund as a special fund and designating its , purposes, sources of funding and means of expenditure therefrom; enacting Chapter 3.97, "City Shops Construc- tion Fund", and its various sections as a new chapter , and new sections of the City of Yakima Municipal Code; 411 and declaring an emergency. BE IT ORDAINED BY THE CITY OF YAKIMA: Section 1. Chapter 3.97, "City Shops Construction Fund", and its various sections set out hereinbelow are hereby enacted as a new chapter and new sections of the City of Yakima Municipal Code to read as follows: "CHAPTER 3.97 CITY SHOPS CONSTRUCTION FUND 3.97.010 Fund created--Purposes. There is hereby created a special fund to be known as the City Shops Construction Fund. The money in the fund shall be used to pay capital expenditures incurred in the construction of a complex of city shops for the City of Yakima. 3.97.020 Source of funds. Money to be deposited in the City Shops Construction Fund shall be derived from allocations III and transfers to such fund as the City Council may designate from time to time from any legally available source. 3.97.030 Expenditures. Expenditures from the City Shops Construction Fund shall be made only for the purposes specified in Section 3.97.010 of this chapter. 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 s preservation of the public peace, property, health, safety and welfare of the people of the City of Yakima and an emergency is hereby declared to exist and this ordinance shall be in full force and effect immedi- ately upon its passage, approval and publication as provided by law II! and by the City Charter PASSED BY THE CITY COUNCIL, signed and approved this / ,e Jay ! of ,,,,,,, 14, .1974. ATTEST: _ Mayor 1 Cif Clerk 0 ,,,