HomeMy WebLinkAboutORD 4021.I r
CITY OF RENTON, WASHINGTON
ORDINANCE NO. 4021
AN ORDINANCE OF THE CITY OF RENTON, WASHINGTON,
CREATING A SPECIAL REVENUE FUND KNOWN AS "IMPACT
MITIGATION FUND #105" AND PROVIDING FOR THE
APPROPRIATION AND EXPENDITURE OF FUNDS.
THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO ORDAIN AS
FOLLOWS:
SECTION I: There is hereby established and created a special
revenue fund to be known as "Impact Mitigation Fund #105.11 Said fund
is created for the purpose of collecting and expending funds paid by
developers to offset impacts created by their projects.
SECTION II: The moneys in said fund 'shall be expended on
projects and project administration expenses used to offset impacts
created by the development for which fees were paid.
SECTION III: Any expenditure of project mitigation fees shall
first be approved by the State Environmental Protection Act designated
official(s).
SECTION IV: This ordinance shall be effective upon its passage,
approval, and five days after its publication.
PASSED BY THE CITY COUNCIL this 27th day of October, 1986.
Maxine E. Motor, City Clerk
APPROVED BY THE MAYOR this 27th day of October, 1986.
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Barbara Y. Shinpoc , Mayor
Approved as to form:
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La rence J. en, City Attorney
Date of publication: October 31, 1986