HomeMy WebLinkAbout4744 ORDINANCE NO. 4744
AN ORDINANCE establishing the Park Development Fund.
THE CITY OF BREMERTON DOES ORDAIN:
Section 1. New Chapter. There is hereby adopted a new chapter to the Bremerton Municipal
Code, 3.25 PARK DEVELOPMENT FUND, to read as follows:
3.25.010 Established. There is hereby established a fund to be called the Park Development
Fund for the acquisition, replacement, expansion and improvement of parks, recreation facilities and open
spaces of the community.
3.25.020 Appropriation of Funds. There is appropriated to the Park Development Fund:
a. All monies and other assets currently held by the Park and Recreation Facility
Development and Roosevelt Capital Assets Funds together with all earnings thereon.
b. Collections from the operation of the Gold Mountain Golf Course, in excess of the
sums necessary to pay the golf course debt service, operation and maintenance expenses and capital
renewals and replacements.
c. Any additional funds received by the City which are committed to park and recreation
facility development.
d. Donations and bequests specifically dedicated to the fund.
3.25.030 Administration. The Park Development Fund shall be administered by the City
Treasurer and the Mayor. All monies received by the fund together with investment earnings thereon,
may be expended only by authorization of the City Council. The City Council will normally consult with
the Parks and Recreation Commission before commitment of these funds. Expenditures shall be limited
to items which address the community's park, recreational and open space needs.
Section 2. Effective Date. This ordinance shall become effective December 31, 2000.
APPROVED by the City Council of the City of Bremerton this 6th day of December, 2000.
PASSED by the City Council of the City of Bremerton this 13th day of December, 2000.
CAROL ARENDS, Council President
Approved this ~ day of ~, 2000,
Mayor
ATTEST:
EFFECTIVE DATE,,,
KATHLEEN L. McCLUSKEY, City ClerkPUBLICATION DATE ·
ORDINANCE NUMBER. .....