Chapter 3.60
WATER IMPROVEMENT FUND

Sections:

3.60.010    Established.

3.60.020    Transfer of funds.

3.60.030    Deposit of funds.

3.60.040    Expenditures.

3.60.010 Established.

There is established a separate fund within the city to be known as the “water improvement fund.” (Ord. 446, 1984)

3.60.020 Transfer of funds.

The city clerk-treasurer is ordered and directed to transfer all system development charges paid to the water system in the amount of $18,000, reflecting fees paid during the period May 26, 1981, through November 27, 1984, pursuant to the city’s Resolution No. 200 in order to establish the fund. (Ord. 446, 1984)

3.60.030 Deposit of funds.

Thenceforth, all system development charges collected for water connection to the city water system shall be placed in this special fund. (Ord. 446, 1984)

3.60.040 Expenditures.

Expenditures from the fund shall be made only for the purpose of planning, expansion and/or improvement to the water system. (Ord. 446, 1984)