HomeMy WebLinkAbout2529ORDINANCE NO. 2529
AN ORDINANCE of the City of Port Angeles,
Washington, amending the City's lodging
excise tax ordinance, Chapter 3.48 PAMC, and
Ordinance No. 1854.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PORT
ANGELES as follows:
Section 1. Section 1(d) of Ordinance No. 1854 and
Section 3.48.050 of the Port Angeles Municipal Code are hereby
amended to read as follows:
3..48.050 Special Fund Created. There is hereby
created a special fund in the treasury of the City.
All such taxes collected herein shall be placed in such
fund for the purpose of paying all or any part of the
cost of acquisition, construction, or operating of
stadium facilities, convention center facilities,
performing arts center facilities, and /or visual arts
center facilities or to pay or secure the payment of
all or any portion of general obligation bonds or
revenue bonds issued for such purpose or purposes under
this chapter, or to pay for advertising, publicizing,
or otherwise distributing information for the purpose
of attracting visitors and encouraging tourist
expansion, and until withdrawn for use, the monies
accumulated in such fund may be invested in interest -
bearing securities by the Finance Director in any
manner authorized by law.
Section 2. Effective Date. This ordinance shall
become effective five days after publication.
PASSED by the City Council of the City of Port Angeles
at a regular meeting of said Council held on the lit -day of
ATTEST:
, 1989.
M A Y O R
Camille Headrick, Acting City Clerk
APPROVED AS TO FORM:
Craig D
Qon, City Attorney
PUBLISHED: 4/21/89