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ORDINANCE NO.
AN ORDINANCE providing for the establishment
of a fund to be known as the Public Works
Complex Construction Fund.
THE CITY OF BREMERTON DOES ORDAIN:
SECTION 1: A capital projects fund to be known as the
"Public Works Complex Construction Fund" is hereby created for the
purpose of receiving and disbursing funds as necessary for the
acquisition, design and construction of a new public works complex
for the City.
SECTION 2: Monies to be deposited into this fund shall
include the proceeds of any instruments of indebtedness issued fc~r
acquisition, design and construction of the public works complex,
such other funds as the City Council may authorize and interest
earnings attributable to the unexpended balance of the fund.
SECTION 3: Monies shall be disbursed from this fund in a
manner consistent with current City policy for the acquisition,
design and construction of the new City of Bremerton public works
complex as it is presently and hereafter authorized by the city
Council.
APPROVED by the City Council on the first reading on this
.~c~ day of May, 1990.
PASSED by the City Council of the City of Bremerton on second
reading this ~ day of June, 1990.
LYN~ HORTON, Council President
APPROVED this ~ day of~ne, 1990.~
LOUIS MENTOR~' ~ayor
ATTEST:
KATHLEEN L. McCLUSKEY, City Clerk