Chapter 3.40
MUNICIPAL CAPITAL IMPROVEMENT FUND

Sections:

3.40.010    Established.

3.40.030    Source of funds.

3.40.040    Use of funds.

3.40.010 Established.

There is established a separate fund which shall be delineated as the municipal capital improvement fund for public facilities. (Ord. 1526 § 1, 2002; Ord. 886 § 1, 1982).

3.40.030 Source of funds.

All moneys received from the sale of surplus rights-of-way, easements, and public properties owned by the city of Pacific shall be deposited into the municipal capital improvement fund for public facilities. (Ord. 1526 § 1, 2002).

3.40.040 Use of funds.

The moneys placed into the municipal capital improvement fund for public facilities shall be used for the purchase of:

A. Property necessary for public facilities; and

B. Construction of public facilities. (Ord. 1526 § 1, 2002).