Chapter 3.24


3.24.010    Created.

3.24.010 Created.

There is created in the treasury of the city a fund to be known and designated as “water capital improvement fund.” The fund shall not be commingled with any other fund or funds of the city and shall be disbursed only upon warrants drawn by the order of the city council against such fund. The funds shall be used only for waterworks capital improvements and shall not be used for operation and maintenance purposes. Water capital improvement funds shall be used only to finance waterworks capital improvement projects such as installation of water mains, hydrants, valves, fittings, reservoirs, wells, source improvements, pumping facilities, treatment facilities, protection system for waterworks, and other improvements which are not considered as operation and maintenance. Funds shall be transferred from the water fund to the water capital improvement fund at a rate averaging not less than $225.00 per month. (Ord. 558 § 1, 1975).