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HomeMy WebLinkAboutOrd 1192 - Replace Plant and Equipment for Water SystemDeputy City Attorne 'COUNCIL ACTION W ASHINGTON ORDINANCE NO. 1192 This is an ordinance of the City of Tukwila pursuant to the provisions of RCW 35.21.070 and is to provide for a cumulative reserve fund to accumulate funds to finance the cost of replacing and repairing the existing water system as it deteriorates. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, DO ORDAIN AS FOLLOWS: Section 1. There is hereby established within the City of Tukwila a cumulative reserve fund for the renewal and replacement of existing plant and equipment for the existing water system. Section 2. The monies in this fund shall be accumulated and expenditures of these funds shall be determined and approved by the City Council. Section 3. This fund shall accumulate monies as budgeted by the City of Tukwila. PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, at a regular meeting thereof this /S day of ,/a/ a.✓ 1980. Approved as to Form AN ORDINANCE PROVIDING FOR A CUMULATIVE RESERVE FUND FOR THE PURPOSE OF RENEWING AND REPLACING PLANT AND EQUIPMENT FOR WATER SYSTEM ATTEST: Carl J. Carlson M gO(4 Mayor Published Record Chronicle December 19, 1980 City Clerk