Chapter 3.12
PARK PROPERTIES/FACILITIES AND RECREATIONAL SERVICES RESERVE FUND

Sections:

3.12.010    Created.

3.12.020    Source of monies.

3.12.030    Use of monies.

3.12.010 Created.

There is created and established a cumulative reserve fund to be known as the “park properties/facilities and recreational services reserve fund.” (Ord. 1554 § 1, 1986; Ord. 101 § 1, 1961)

3.12.020 Source of monies.

Into the aforesaid fund there shall be placed any donations, gifts or contributions from persons or organizations wishing to participate in the acquisition and development of park and recreational facilities and recreation programs, together with whatever other sums may be transferred from other city funds or may be levied for such purpose from time-to-time hereafter. (Ord. 1554 § 2, 1986; Ord. 101 § 2, 1961)

3.12.030 Use of monies.

Monies placed in the aforementioned fund shall be used for the purposes of acquiring and developing park and recreation facilities and special recreation programs for the city of Lynnwood and may be expended at such times and in such amounts as the city council may from time-to-time determine. (Ord. 1554 § 3, 1986; Ord. 101 § 3, 1961)