HomeMy WebLinkAbout1973-1599 ORDINANCE NO. 459?
AN ORDINANCE relating to city funds and accounts; creating a
Central Business District Capital Improvement Fund,
specifying the purpose of such fund, designating
sources of money for deposit therein and providing
for expenditures therefrom; enacting Chapter 3.17,
"Central Business District Capital Improvement Fund",
and its various sections as a new chapter and sec-
tions of the City of :Yakima Municipal Code; and
declaring an emergency.
BE ITT ORDAINED BY THE CITY OF YAKIMA :
Section 1. Chapter 3.17, "Central Business District Capital
Improvement 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:
7Chapter 3.17
Central Business District Capital Improvement Fund
3.17.010 Fund Created--Purposes. There is hereby
created a special fund to be known as the Central Business
District Capital Improvement Fund. The money in the fund
shall be used to pay costs of improvements of the Central
Business District of the City of Yakima as authorized by
the City Council from time to time.
3.17.020 Source of Funds. Money to be deposited in
such fund shall be derived from parking meter revenue from
the Cumulative Reserve Fund for Capital Improvements, from
allocations and transfers of money to such fund made by the
City Council, and from such other sources as may be desig-
nated from time to time by the Yakima City Council.
3.17.030 Expenditures. Expenditures from the Central
Business District Capital Improvement Fund shall be made
only for the purposes specified in Section 3.17.010 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
All preservation of the public peace, property, health, safety and wel-
fare 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 immediately upon its passage, approval and publication, as
provided by law and by the City Charter.
PASSED BY THE CITY COUNCIL, signed and approved this _____
day of „4 1973.
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