Chapter 4.49
PUBLIC FACILITIES DISTRICT

Sections:

4.49.010    Created.

4.49.020    Use.

4.49.030    Administration.

4.49.010 Created.

There is hereby created a public facilities district fund. All funds received by the public facilities district from sales tax and other sources shall be deposited into the public facilities district fund. [Ord. 2002-11-075 § 1].

4.49.020 Use.

All sums accumulated into the public facilities district fund shall be used exclusively for the operation of the district including administration, planning, projects, and any debt service costs needed to finance projects or cover cash flow loans. [Ord. 2002-11-075 § 1].

4.49.030 Administration.

The daily administration of this fund will be performed by the city pursuant to the direction provided by the public facilities district appointed board. [Ord. 2002-11-075 § 1].