HomeMy WebLinkAbout1959-B-2302 223
ORDINANCE NO. B2302
AN ORDINANCE creating the SPECIAL DEPOSIT FUND IN LIEU OF LID ASSESSMENTS
and transferring 466,775.66 from the Water-Sewer Fund to said
apecial fund.
WHEREAS,. the City of Yakima has been receiving moneys as
deposits from persons desiring new water service in those areas where no
L.I.D.s have been created, and
WHEREAS, said money is held in. trust in the Water-Sewer Fund
until such time as an L.I.D. is created for purpose of furnishing water to
said persons at which time the money so deposited is credited against the
Local Improvement District assessments, and
WHEREAS, there is presently the sum of $66,775.66.on deposit
in the Water-Sewer Fund for said purposes, and
WHEREAS, it is deemed .desirable and necessary to create a new
fund known as the SPECIAL DEPOSIT FUND IN LIEU OF LID ASSESSMENTS and to
transfer said sum Of $66,775,66 to said fund, now therefore,
BE IT ORDAINED BY THE CITY OF YAKIMA:.,
- Section 1. There is hereby created a new fund known as the
SPECIAL DEPOSIT FUND IN LIEU OF L.I.D ASSESSMENTS. • .
Section 2. The sum of $66,775.66 is hereby transferred from
the Water-Sewer Fund to the SPECIAL DEPOSIT FUND IN -LIEU OF L.I.D. ASSESS-
MENTS and the Chief City Accountant and the City Treasurer are hereby
authorized and directed to make said transfer.
Section 3. This Ordinance shall be in full force-and effect
thirty days after its passage, approval and publication as. provided by law
and the City Chart4r.
PASSED BY THE CITY COMMISSION, signed and approved this 20th
day of May, 1959.
ATTEST:. J.A. SMITH ( S E A L ) JOE K. ALDERSON
CITY CLERK MAYOR.
I hereby certify that the foregoing is a true, full and correct copy
if Ordinance.No. B-2302 entitled "AN ORDINANCE creating. the SPECIAL DEPOSIT
FUND IN LIEU OF LID ASSESSMENTS and transferring $66,775.66 from the Water-
Sewer Fund to dais special fund.", as passed on the 20th day,of May, 1959,
and that the same has been published as required by law.
Y CLERK