HomeMy WebLinkAbout1975-1790 CHANGE NAME OF CONVENTION CENTER FUND TO BICENTENNIAL PAVILION CONSTRUCTION FUND. ORDINANCE NO. /290
AN ORDINANCE relating to funds and accounts; changing the name of
Convention Center Fund to the Bicentennial Pavilion
Construction Fund; amending Section 3.93.040 of the
City of Yakima Municipal Code; and declaring an emer-
410 gency.
BE IT ORDAINED BY THE CITY OF YAKIMA:
Section 1. Section 3.93.040 of the City of Yakima Municipal
Code is hereby amended to read as follows:
"3.93.040 Bicentennial Pavilion Construction Fund.
A. Fund created. There is created a special fund to be
known as the Bicentennial Pavilion Construction Fund.
B. Source of funds. All proceeds of the special excise
tax imposed by this chapter shall be deposited in the Biceiv
tennial Pavilion Construction Fund, together with funds from
other sources as may be determined from time to time by the
Yakima City Council.
C. Purpose--Expenditure. Expenditures from the Bicen-
tennial Pavilion Construction Fund shall be made only for the
purposes of paying all or any part of the cost of acquisition,
III construction or operating of stadium facilities and/or conven-
tion center facilities, and to pay or secure the payment of all
or any portion of general obligation bonds or revenue bonds
issued for such purpose or for purposes under Chapter 67.28
Adthe Revised Code of Washington. No expenditure shall be
made from such fund unless the 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
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.
III PASSED BY THE CITY COUNCIL, signed and approved this /pa' day
of - ,, 1975.
/ ,,•'..
, / / ///--7 /
/, . , -4 i - /
May
AT7S-T.
)
4', City Cletrdi