HomeMy WebLinkAboutORD 1464i
ORDINANCE NO. 2461
AN ORDINANCE OF THE CITY OF RENTON, WASHINGTON, CREATING
AND ESTABLISHING A CUMULATIVE RESERVE FUND FOR THE CON-
STRUCTION, IMPROVEMENT, AND ALTERATION OF MUNICIPAL BUILD-
INGS, THE ACQUISITION OF LAND, SITES AND/OR RIGHTS-OF-WAY
CONNECTED THEREWITH; AND THE PAYMENT OF CONSULTANT, ENGINEER-
ING AND ARCHITECTURAL SERVICES.
BE IT ORDAINED BY THE MAYOR AND THE CITY COUNCIL OF RENTON, WASHINGTON,
AS FOLLOWS:
Section I. That there be and hereby is established a cumulative reserve
fund pursuant to the provisions of Section 35.21.070, as amended, of the Revised
Code of Washington, to be known as the "Cumulative Reserve Fund for Civic Center,
City Hall and Other Municipal. Buildings, the Construction, Improvement, and Altera-
tion Thereof; the Acquisition of'Land, Sites and/or Rights-of-way Connected There-
with; and the Payment of Consultant, Engineering and Architectural Services".
Section II. All monies received by the City of Renton from the lease and/or
sale of its City Hall premises located at 227 Wells Street, Renton, King County,
Washington, shall be deposited in said fund and the monies therein may be allowed
` to accumulate from year to year until the City Council of the City of Renton shall
determine to expend the monies in said fund for the purposes above specified.
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 after its
passage, approval and publication, as required by law.
PASSED BY THE CITY COUNCIL this 6th day of October, 1953•
o
i ey Croo City Clerks
VETOED his 13th day of October, 1953•
Jo R. Baxter - r
JrOR -
s TO
�G
M. She an, Asst. City .Attorney
Date of publication: