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HomeMy WebLinkAboutOrdinance No. 873 i ORDINANCE NO. 873 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF AZUSA PROVIDING FOR THE LEVY AND COLLECTION OF ASSESSMENTS OR TAXES FOR THE CREATION AND ACCUMULATION OF A CAPITAL OUTLAY FUND AND MAKING OTHER PROVISIONS RELATING TO SAID FUND. The City Council of the City of Azusa does ordain as follows: SECTION 1. The Azusa Municipal Code is hereby amended by the addition thereto of a new Section 2723 reading as follows: "SECTION 2723. CAPITAL OUTLAY FUND. There is hereby created and established a special fund known as the "Capital Outlay Fund". The City Council may provide for the levy and collection of assessments or taxes for the accumulation of money in said fund pursuant to Section 53731 of the Government Code but subject to the limitation set forth in Section 53732 of the Government Code. The City Council may also transfer to said fund any money or funds permitted by Section 53735 of the Govern- ment Code or by any other applicable law. The fund shall be used only for the purposes and in the manner set forth in Section 53736 of the Government Code or any other applicable law. The first $250,000.00 accumulated in said Capital Outlay Fund shall be used only for the acquisition of property for, construction of, and furnishing and equipping a new Police Facilities Building and Emergency Operating Center. Thereafter the money accumulated in said fund may be used for any capital outlays which lawfully may be made from such fund. " SECTION 2. The City Clerk shall certify to the passage of this ordinance and shall cause the same to be published as required by law. Passed and approved this 21st day of February /C6., Mayor STATE OF CALIFORNIA COUNTY OF LOS ANGELES SS. CITY OF AZUSA I, JAMES MILLER, City Clerk of the City of Azusa, do hereby certify that the foregoing Ordinance No. 873 was regularly introduced and placed upon its first reading at a regular meeting of the City Council on the 7th day of February , 1966. That, thereafter, said ordinance was duly adopted and passed at a regular meeting of the City Council on the 21st day of February , 1966, by the following vote, to wit : AYES: Councilmen: Rubio, Cooney, Solem, McLees, Memmesheimer NOES: Councilmen: None ABSENT:Councilmen: None Cit Clerk -1- I do further certify that I caused said ordinance to be published prior to the expiration of fifteen days from the passage thereof in the Azusa Herald and Pomotropic, a newspaper of general circulation, printed, published and circulated in the City of Azusa, on the 3rd day of March , 1966, and that the same was published in accordance with law. City Cl- Published Azusa Herald and Pomotroc, March 3, 1966 -2-