Title 07 Finance
Chapter 07.08 Funds
Article III. Debt Service Funds
Section 07.08.201 City Hall Debt Service Fund
- Created.
There is created a “city hall debt service fund”.
- Deposits.
It is directed that all interest earned from investment of designated funds received from sale of bonds for construction of a new city hall and the proceeds received from sales of properties authorized by city council (including the present city hall) from time to time be designated for use in retirement of city hall capital improvement bonds of 1980 and placed in this fund.
- Use.
The funds shall be used for payment of principal and/or interest debt service on city hall capital improvement bonds of 1980.
Date Passed: Monday, May 7, 2007
Effective Date: Wednesday, June 20, 2007
Recodification ORD C34024 Section 1
