HomeMy WebLinkAbout4089 ORDINANCE NO 4 0 8 9
1
AN ORDINANCE OF THE CITY OF AUBURN WASHINGTON, CREATING AND ESTABLISHING A
2 FUND OF THE CITY TO BE KNOWN AS THE 'GOLF COURSE FUND' AND PROVIDING
FOR ITS EXPENDITURE
3
4 THE CITY COUNCIL OF THE CITY OF AUBURN, WASHINGTON, DO ORDAIN AS FOLLOWS
5 Section 1. That there is hereby created in the budget of the City of
6 Auburn a fund to be known as the Golf Course Fund Such fund shall remain
7 intact from year to year
8 Section 2. That there shall be allocated to such fund all revenues
9 obtained from the ownership, control and operation of the Auburn Golf Course
10 and all funds appropriated therefor by the City Council raised by taxation or
11 otherwise
12 Section 3. That there shall be $22 295 transferred from the Special Parks
13 Fund to the 'Golf Course Fund"
14 Section 4. All monies in the Golf Course Fund shall be used
15 (a) To finance the maintenance and operational expenses of the Auburn
Golf Course;
16
17 (b) To make payments of interest on or current principal requirements of
any outstanding bonds or certificates issued for the acquisition
18 improvement or extension thereof, including those authorized
19 (c) Any funds in excess of the foregoing requirements shall be utilized
to finance the improvements of the Auburn Golf Course
20 Section 5. This Ordinance shall take effect and be in force on January 1
21 1986 and after its
passage, approval and publication as provided by law
22
INTRODUCED OCTOBER 21. 1985
23 PASSED OCTOBER 21. 1985
24 APPROVED 0 OB 21, 1985
25 V/ fir.
26 M Y0 '
A EST
27 r /
28 ty Clerk
29 APIIIVE/ '1O c% yJ
30 �/M//
/ City Attorney
31
PUBLISHED OCTOBER 27, 1985
32
Ordinance No 4089
8/16/85