Chapter 3.99
PENDERGAST REGIONAL PARK CONSTRUCTION FUND

Sections:

3.99.010    CREATED.

3.99.020    DEPOSITS.

3.99.030    DISBURSEMENTS.

3.99.040    TERMINATION.

3.99.010 CREATED.

A capital projects fund to be known as the "Pendergast Regional Park Construction Fund", is hereby created for the purpose of receiving and disbursing funds as necessary for the organization, design, and construction of the City’s regional athletic facilities. (Ord. 4360 §1, 1992)

3.99.020 DEPOSITS.

Monies to be deposited into this fund include all donations received relative to the regional athletic facilities project, all City and County funds allocated to the project together with interest earnings attributable to the unexpended balance of the fund. (Ord. 4360 §2, 1992)

3.99.030 DISBURSEMENTS.

Monies shall be disbursed from this fund in a manner consistent with State statute and City policies for the acquisition, design and construction of the City’s regional athletic facilities, together with any necessary ancillary improvements. (Ord. 4360 §3, 1992)

3.99.040 TERMINATION.

This fund shall be closed at the conclusion of the project with any remaining monies distributed to the Park Facilities Construction Fund (304). (Ord. 4360 §4, 1992)