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Home My WebLink AboutO-1307 - Adds new chapter to Title 3, general cumulative reserve fund; repeals Chs. 3.20, 3.22, 3.24, 3.28, 3.29, 3.31, 3.48 and 3.56; and sets out disposition of funds (3.18)CIT Y 0 F MAR Y S V ILL E Marysville,Washington ORDINANCE NO./307 AN ORDINANCE OF THE CITY OF MARYSVILLE ESTABLISHING A CUMULATIVE RESERVE FUND FOR GENERAL MUNICIPAL PURPOSES,REPEALING CHAPTERS 3.20,3.22,3.24, 3.28,3.29,3.31,3.48 AND 3.56 OF THE MARYSVILLE MUNICIPAL CODE,AND TRANSFERRING RE}~INING BALANCES FROM SAID FUNDS TO OTHER EXISTING FUNDS THE CITY COUNCIL OF THE CITY OF ~mRYSVILLE,WASHINGTON, DO ORDAIN AS FOLLOWS: SECTION 1.A new Chapter in Title 3 of the Marysville Municipal Code is hereby enacted to provide as follows: GENERAL CUMULATIVE RESERVE FUND 3.Created.There is hereby created a General Cumulative Reserve Fund for the purpose of buying supplies,mater- ials or equipment,and the construction,alteration or repair of any public building or work,and the making of any public improve- ment,and for the purpose of creating a revenue stabilization fund for future operations. 3.Source of Funds.Deposits shall be made to said Fund from time to time as directed by ordinance of the City Council, and as may be provided for in the annual budget. 3. accumulated from time as directed specified above. Expenditures.Monies in said Fund shall be year to year,and may be expended from time to by ordinance of the City Council for the purpo'ses SECTION 2.Repealer.The following chapters of the Marysville Municipal Code are hereby REPEALED: Chapter 3.20 (Cumulative Reserve Street Construction and Equipment Fund) Chapter 3.22 (Cumulative Reserve Fund for Construction of Buildings) Chapter 3.24 (Cumulative Reserve Fund for Fire Department Equipment) Ordinance - 1 Chapter 3.28 (Cumulative Reserve Fund for Patrol Cars) Chapter 3.29 (Cumulative Reserve Fund for Water Supply or Sewage Disposal) Chapter 3.31 (Sanitation Capital Improvement and Acquisition Fund) Chapter 3.48 (Cumulative Reserve,for Storm Drain Betterments) Chapter 3.56 (Cumulative Reserve Fund for Construction,Alteration, Maintenance and Repair of City Buildings) Any balances remaining in said funds shall be transferred and used as set forth in Section 3 of this ordinance. SECTION 3.Transfer and Disposition of Fund Balances. Balances of funds which have been repealed herein shall be trans- ferred and distributed as follows: 1.The balance in the Cumulative Reserve Fund for the Fire Department is hereby transferred to the Equipment Rental Fund, and shall be reserved therein for purchasing or maintenance of Fire Department Equipment. 2.The balance in the Cumulative Reserve Fund for Storm Drain Betterments is hereby transferred to the City Street Fund,and shall be appropriated for expenditures through the City's annual budgeting process. 3.The balance in the Cumulative Reserve Fund for Con- struction,Alteration,Maintenance and Repair of City Buildings is hereby transferred to the General Cumulative Reserve Fund established in Section 1 above,and shall be used for the purposes stated therein. ~PASSED by the City Council and APPROVED by the Mayor this2tR-day of S~~ieJn6er ,1983., THE CITY OE MARYSVILLE -/ MAYOR Ordinance - 2 APPROVED AS TO FORM: Ordinance - 3 ATTEST: B~~~~CITY CLERK AFFIDAVIT OF PUBLICATION No._ STATE OF WASHINGTON, County of Snohomish, ss.~~\.L~j;;.:_\N~_~Ctheing first duly sworn on oath deposes and says that he is the ,~~~.~"__ of THE MARYSVILLE GLOBE, a weekly :ii~~~~r. That said newspaper is a legal newspaper which has been ap- proved by order of the Superior Court in Snohomish County June 18, 1962 in compliance with Chapter 213 of Washington Laws of 1941, and it is now and has been for more than six months prior to the date of the publication hereinafter re- ferred to,published in the English language continually as a weekly newspaper in Marysville,Snohomish County,Wash- ington,and it is now and during all of said time was printed in an office maintained at the aforesaid place of publication of said newspaper.That the annexed is a true copy of a ___O(d.Lmm~1CQ~as it was published in regular issues (and not in supplement form)of said newspaper once each week for a period of CO~~co - secutive weeks,commencing on the ~day of ,' 19_~and ending on the ~day of --~tti9 __3 both dates inclusive,and that such newspaPEl;~-~:~ularIY distributed to its subscribers during all of said period.That the full amount of the fee charged for the foregoing publi- cation is the sum of $-~_~B_,which amount has been paid in full ~_a._~~--.=~~~,::,,~~L.-~""- Subscribed and sworn to before me this __S...J.._ day of m&~~~);.~~:~~...'m Notary PUblic in and for the State of Washington, Residing at Marysville. CITY OF MARYSVILLE Marysville,Washington ORDINANCE NO.1307 AM ORDINANCE OF THE CITY OF MARYSVILLE ESTABLISHING A UJiULATIVE RESERVE FUND FOR GENERAL MUNICIPAL PURPOSES, EPEALING CHAPTERS 3.20,3.22,3.24,3.28,3.29,3.31,3.48 and 3.56 OF THE ARYSVILLE MUNICIPAL CODE,AND TRANSFERRING REMAINING ALANCES FROM SAID FUNDS TO OTHER EXISTING FUNDS THE CITY COUNCIL.OF THE CITY OF MARYSVILLE,WASHINGTON,DO OR- AIN AS FOLLOWS:. SECTION 1.A new Chapter In Title 3 of the Marvsvllle-Municipal Code I.hereby nacted to provide as fOllows: GENERAL CUMULATIVE RESERVE FUND 3 •••Created.There I~hereby created a General Cumulative Reserve Fund for the urpose of buying supplies,materials or equipment,and the construction,alteration or epalr of any public building or work,and the making of any public Improvement,and or the purpose of creating a revenue stabllizaiton fund for future operations. 3 .._Source of Funds.Deposits shall be made to said Fund from time to time as Ireeted by ordinance Of the City Council,and as may be provided for In the annual udget. 3 ••_Expenditures.Monies In said Fund shall be accumulated from year to year,end ay be expended from time to time as directed by ordinance of the City Council for the I)urposes specified above. SECTION 2.Repealer.The following chapters of the Marysville MunICipal Code are hereby REPEALED:., . Chapter 3.20 (Cumulative Reserve Street Construction and EqUipment Fund) Chapter 3.22 (Cumulative Reserve Fund for Construction of Buildings) Chapter 3.24 (Cumulative Reserve Fund for Fire Department Equipment) Chapter 3.28 (Cumulative Reserve Fund for Patrol Cars).. Chapter 3.29 (Cumulative Reserve Fund for Water Supply or Sewage Disposal) Chapter 3.31 (Sanitation Capital Improvement and AcquisitIon Fund) Chapter 3.48 (Cumuletlve Reserve for Storm Drain Benerments) Chapter 3.56 (Cumulative Reserve Fund for.Construction,Alteration,Maintenance and Repair of City Buildings) Any·balances remaining In said funds shall be transferred and used as set forth In Section 3 of this ordinance. SECTION 3.TranSfer end Disposition of Fund Bllinces.Balances of funds which have been repealed herein shall be transferred and distributed as follows: 1. The balance In the Cumulative Reserve Fund for the Fire Department Is hereby transferred to the Equipment Rental Fund,and shall be reserved therein for purchas- Ing or maintenance of I=lre Department EqUipment. 2. The balance In the Cumulative Reserve Fund for Storm Dratn Betterments Is hereby transferre~to the Ctty Street Fund,and shall be appropriated for expenditures through the City's annual budgeting process.. 3. The balance In the cumulative Reserve Fund for Construction,Alteration, Maintenance and Repair of City Bulldl"gs Is hereby transferred to the General Cumulative Reserve Fund established In Section 1 above,and shall be used for hte pur· peses stated therein. PASSED by the City Council and APPROVED by the Mavor this 26th day of September,1983.' THE CITY OF MARYSVILLE By Daryl D.Brennlck,Mayor ~nest:Bv Phillip E.Dexter,City Clerk ~pproved as to Form:By James H.Allendoerfer,City Atty.PUblished:SeDt.28,1983 _