Title 04 Administrative Agencies and Procedures
Chapter 04.31C East Sprague Parking and Business Improvement Area
Section 04.31C.060 BID Fund
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There is hereby established by the City the “East Sprague Parking and Business Improvement Area fund” (hereinafter “East Sprague PBIA fund”), which shall be held separate and apart from all other City funds and accounts. The following moneys shall be deposited or credited to the East Sprague PBIA fund:
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All revenues from special assessments levied under this chapter.
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Gifts and donations for the East Sprague PBIA fund.
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Moneys for expenditures made from the East Sprague PBIA fund and reimbursements due to the East Sprague PBIA fund.
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Interest and all other income from the investment of East Sprague PBIA fund deposits according to established procedures and policies; and
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Expenditures from the East Sprague PBIA fund shall be made upon vouchers drawn by the Mayor, through the city administrator or his designee, and shall be used exclusively for purposes that are consistent with this chapter and chapter 35.87A RCW.
Date Passed: Monday, April 18, 2016
Effective Date: Saturday, May 28, 2016
ORD C35377 Section 1