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HomeMy WebLinkAboutORD 2283 - C�ft�G��i�l�.,• �, � . I ` - � � ORDII�ANCE N0. ��� AN ORt3Ilt�,NCE OF THE CI'I'Y �F R�NTON G�ASHINGTON CR�SATi1��G .� SPECI�IL �'UND Tf7 BE K1ttOt7N AS THE "CUMUTATIVE :2ESER�E FUNf3 FOR BEEIUTIFZC,�TION OF PUBI,IC PROP�RTZES III�CLLTUING IANDSCAPING� Al��D THE In�TALIATION AI� MAINTEiVA11'CE OF RECREATZQI�AAL AAID ORI�'sN.�NTAL PRQ7ECTS AND FACILTTIES IN CONNECTION THEREtdITH'"f BE IT ORDAINED HY THE i+7AYaR AI�H7 THE CITY CqUI�IL OF TH,E Ci'IY oF RENTON �S FOL�,t7.=�S: SECTION I: There is hereby establ ished and creeted a special func� to be kno�wri i as the "Camulative Ressrve Fund for Beautification af Public Properties Including Land- scap�,n� anc3 the Installation and Maintenance af Recreation�l and Qrnamental Project� ' and Facilities in Connection Therewith", and there shall be paid into s�id Fund from tiate to time amaunts as may he determined by the City Counci2. Said Fund is hereby cre�ted for the fol3owing specific purposes, to-wit: a. The landseaping, maintenance thereaf and general improvements, including in�tall�tion of benches, lights, including general � ornamentation, sprinkling systems,�pavfng af city proper^ties. b. The beautification of City entrances including planting strips, insta2lation of u�3erground uti3.ities in cannection with City buildings and presperties, and in particctlar the �ivic Center I sites �red impravements located thereon. I c. The install�tion �nd maintenance of speeia2 signs and rel.ated ornament�I sigas and posters pertaireing to City bui�.dings �nd projects, ineluding but not Iimiting to the City Center complex, an:d xmprovements located thereon. �a �ppropri�tion for said Cumulative Reserve Fund may be included annuslly in the � City's bu@get and the monies in said Fund may be allawad to acc�mu2ate from ye8r to year uatil �he City Council sha21 determine to expend the monies �.n the Fund for anp ar �11 of the afarementioned spetif ied purpases. , SECTION IIs kll monies in said "Cumulative Reserve Fund far Beautific�tion of Fublic Praparties inciudzng Landscaping, and tt2e Instal2ation and Maintenance of Recreational and Ornamental Projects and Facilities in Gonnection T'herewith" may, 4n arder o� the City Council, be invested in proper securities in the manner pravided by � Iaw and a22 interest thereon shall become a part of said Fnnd. � SECTIt}1V III: The monies in said Fund sha21 be e�rended $olely far the purpases hereinabove specif ied and no R10i11@S in said Fund sha13 be expended for any other �urpose or purposes bther than those specified hereinabove withaut an approving vote by a major- ity of the electors of the City af Renton as provided by 2aw. Any mo�nies in �aid Fctnd at the end of any fi.scal year sha21 ndt Iapse nar shall the same be a surplus availab2e or I which may be used for any other �urpose or purpases than thtsse specified hereinabove. � � � -�' � � . , � . - - . .. , i 'l SECTION IV: This O�clinance shall be in full farce a�d effect � = at�rl �ft�r � the first day of January, 1967, and after its passage, �p�roval and 1e;ga1 public8tion. � I PA�S�A BY THE CI'IY CpUri'�CTL this���day of actober, I966. ������-�� � Heimie A'eZson, City Clerk . � � APPROVED BY THE N1�YOR this ��,�day a� �?c�ober, 1966,: ` � ��'�E!• '�G D�na2d t7. Cu�ter y Mayor _ Appraved as ta forrnt Gerard �,, Shell�n, Citp klttorney II � _�_ � � I I ` � I �