HomeMy WebLinkAboutORD 1894a '�-
ORDINANCE N0.
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AN ORDINANCE OF THE CITY OF RENTON, WASHINGTON, CREATING AND
ESTABLISHING A "CUMULATIVE RESERVE FUND FOR THE ACQUISITION,
CONSTRUCTION AND IMPROVEMENT OF A CITY HALL, CIVIC CENTER AND
ALTERATION AND ADDITION.TO MUNICIPAL BUILDINGS; AND THE PAYMENT
OF CONSULTANT, ENGINEERING AND ARCHITECTURAL SERVICES IN CON-
NECTION THEREWITH."
BE IT ORDAINED BY THE MAYOR AND THE CITY COUNCIL OF THE CITY OF RENTON,
WASHINGTON AS FOLLOWS:
SECTION I: There is hereby established a Cumulative Reserve Fund pursuant
to the provisions of RGW-,;3.070, as amended, to be known as the "Cumulative Reserve
Fund for the Acquisition, Construction and Improvement of a City Hall, Civic Center
and Alteration and .Addition to Municipal Buildings; and the Paymentof Consultant,
Engineering and Architectural Services".
SECTION II: All monies, received by the City of Renton from the lease and/or
sale or other disposition of its former City Hall premises located at 227 Wells Street,
Renton, King County, Washington shallbe deposited in said fund, together with such
additional funds as may be appropriated by the City from time to time. All mond.&S in
said fund may be allowed to accumulate from year to year until the City Council of the
City of Renton shall determine to expend the monies therein for the purpose or purposes
y specified in this Ordinance.
�. SECTION III: That any monies in said fund shall never be expended for any
other purpose or purposes than that specified without an approving vote by a majority
of the electors of the City of Renton at a general or special election, voting on a
proposal submitted to the electors to allow other specified use or uses to be made of
said fund, unless otherwise provided by law.
SECTION IV: This Ordinance shall be in full force and effect from and after
its passage, approval and legal publication.
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PASSED BY THE CITY COUNCIL this 90 4tday of June, 1961.
a Helmie Nelson, City Clerk
APPROVED BY THE MAYOR this ZV,46 day of June, 1961."
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/Frank Aliment, Mayor
A7vEDAS '
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