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HomeMy WebLinkAbout20941 2 3 • 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 • 25 26 27 28 29 30 31 32 ORDINANCE NO. o`(4 % ‘ AN ORDINANCE of the City of Port Angeles establishing a Golf Course Road Arterial Improvement Fund. WHEREAS, the City of Port Angeles is authorized by law to create funds for special purposes; and WHEREAS, the City Council of the City of Port Angeles deems it necessary in the public interest and to protect the public health, safety and welfare, that Golf Course Road within the City of Port Angeles be improved; and WHEREAS, a portion of the necessity for this improvement is due to increased development in those portions of the City served by Golf Course Road; and WHEREAS, the City of Port Angeles has, and intends in the future, to require those persons developing within areas served by Golf Course Road to contribute to the funds necessary to improve Golf Course Road; and WHEREAS, it is necessary for budgeting and accounting purposes that a special fund be established for said contributions from developers and /or applicants for building permits; now, therefore, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PORT ANGELES, as follows: Section 1. There is hereby created the "Golf Course Road Improvement Fund." Section 2. All funds received from persons developing within the area served by Golf Course Road, which funds may be required as conditions of plat approvals, annexation approvals, building permit approvals, or through other legal means, shall be placed into this fund. Section 3. All monies placed into this fund shall be used solely and exclusively for payment of a portion of the total cost of construction of those improvements to Golf Course Road deemed necessary by the Department of Public Works of the City of 1 2 3 • 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 • 25 26 27 28 29 30 31 32 Port Angeles. Section 4. Should, for any reason, the Golf Course Road not be improved by the City of Port Angeles within a period of seven-M)years from the date of this ordinance, all monies received by the City of Port Angeles and deposited in this fund shall be returned to the depositors thereof, with accrued interest. Section 5. This ordinance shall take effect as required by law. PASSED by the City Council of the City of Port Angeles at a regular meeting of the Council held on the 5th day of August, 1980. ATTEST: Marian C. Parrish, City Clerk APPROVED AS TO FORM: Craig . Miller, City Attorney LISHED: -2-