HomeMy WebLinkAbout1978-2247 CREATING “TOURIST PROMOTION FUND”; DESIGNATING ITS SOURCE OF REVENUE, AND PURPOSES; REGULATING ITS EXPENDITURE ORDINANCE NO. c2.2V7
AN ORDINANCE relating to funds and accounts; creating a "Tourist
Promotion Fund" and designating its source of revenue,
specifying the purposes of such fund, and regulat-
ing expenditures therefrom; enacting Chapter 3.94,
"Tourist Promotion Fund", and the various sections
thereof as a new chapter and new sections of the ,
City of Yakima Municipal Code; and declaring an
emergency.
BE IT ORDAINED BY THE CITY OF YAKIMA:
Section 1. Chapter 3.94, "Tourist Promotion Fund", and Sec-
tions 3.94.010, 3.94.020, 3.94.030 and 3.94.040, are hereby enacted
as a new chapter and new sections of the City of Yakima Municipal
Code to read as follows:
• "Chapter 3.94
TOURIST PROMOTION FUND
3.94.010 Fund created--Source of revenue. There
is created a special fund to be known as the 'Tourist
Promotion Fund'. There shall be deposited into such
fund money of the 162 Trolley Operating Fund remaining
therein on the effective date of this chapter; all
interest on investments of the 'Tourist Promotion Fund';
all revenues generated by the operation of the trolleys;
all revenues generated by the operation of the Yakima
Center; and such other revenues as the City Council may
from time to time designate.
3.94,020 Purposes. Expenditures from such fund
shall be made only for purposes of tourist promotion
including, but not limited to, the operation of the
trolley system, the operation of Yakima Center and pay-
ments governed by agreements with the Visitors and Con-
vention Bureau and the Yakima Chamber of Commerce.
3.94.030 Expenditures. Expenditures from the
'Tourist Promotion Fund' shall be made only for the
purposes specified in Section 3.94.020 of this chapter.
No expenditures shall be made from such fund unless
the Yakima City Council approves such expenditure by
passing an ordinance appropriating money within such
fund for the purpose for which the expenditure is to
be made, or by including an appropriation for such pur-
poses in the budget.
3.94.040 Assumption of Trolley Operating Fund
Assets and Liabilities. The 'Tourist Promotion Fund' •
shall assume the accounts receivable and liabilities
of the 162 Trolley Operating Fund existing on the effec-
tive date of this chapter."
Section 2. This ordinance is one to provide for the immediate
preservation of the public peace, property, health, safety and wel-
1, 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 a 41
day of , 1978.
fO
/ Mayor
ATTEST:
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