578_00001ORDINANCE No.578
AN ORDINANCE ESTABLISHING A TEMPORARYSPECIAL
REVENUE FUND TO BE KNOWN AS "STRATFORD ROAD
AND PIONEER WAY URBAN ARTERIALIMPROVEMENT
PUND"AND AMENDING THE 1968 BUDGET FOR THE
PURPOSE OF FUNDING THE IMPROVEMENT OF STRATFORD
ROAD AND PIONEER WAY
I WHEREAS,Resolutions No.435 and 445 authorized the City Manager to
submit prospectuses to the State of Washington Urban Arterial Board for
the allocation of monies from the State of Washington Urban Arterial
Trust Account up to an amount equal to 90 per cent of the total cost of
the proposed improvement of Stratford Road and Pioneer Way,and
WHEREAS,subsequent approval of the prospectuses were received from
the Urban Arterial Board under its Project No.8-3162 (1)and 8-3162 (2)
and
WHEREAS,the approval of the prospectuses were granted following adoption
of the 1968 Budget,and
WHEREAS,it is now necessary for the City to adopt a budget for the improve-
ment as outlined in the prospectuses
NOW,THEREFORE,THE CITY COUNCIL OF THE CITY OF MOSES LAKEDOES
ORDAIN AS FOLLOWS:
Section No.1 Creation of Fund
There is hereby established a temporary special revenue fund to be
known as "Stratford Road and Pioneer Way Urban Arterial Fund"into
which the City Council shall appropriate revenue from time to time
for improvement of Stratford Road and Pioneer Way pursuant to the
ospectus No.ngto3n
rban
tderia13162ar(2)as approved by the
Section No.2 Amendment to the 1968 Budget
The 1968 Budget as adopted by the City Council is hereby amended
as follows:
Revenue Section
General Fund
Non Revenue Receipts
I 1968 Engineering Reimbursement
Stratford Road-Pioneer Way Engineering $29,600
1967 Engineering Reimbursement 6,100
35,700
Street Fund
Unappropriated balance 8,300
Transfer from 1968 Salaries &Wages Class.6,000
14,300StratfordRoadandPioneerWayUrbanArterialImprovement
Revenue from Other Agencies
Urban Arterial Trust Account 450 ,000
450,000NonRevenueReceipts
Transfer from General Fund 35,700
Transfer from Street Fund 14 .300 500 .000
TOTAL REVENUE 550,000
Expenditure Section
General FundiMaintenance and Operation
Non Expenditure Disbursement
Transfer to Stratford Road-Pioneer
Way Urban Arterial Fund 35 ,700
35,700StreetFund
Maintenance and Operation
Non Expenditure Disbursement
Transfer to Stratford Road-Pioneer
Way Urban Arterial Fund 14 ,300
14,300StratfordRoadandPioneerWayUrbanArterial
Improvement
Capital Outlav
Structures and Improvement
Improvement of Stratford Road and
Pioneer Way 500,000
500,000TOTALEXPENDITURE550,000
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Section 3 .Abolishment of Fund
Upon the completion of the improvement and payment of all
expenditures for the approved Urban Arterial Project under
i prospectuses No.8-3162 (1)and 8-3162 (2)the fund herein
created shall be abolished and all monies remaining,if any,
shall be transferred to the General Fund.
PASSED by the City Council and APPROVED by its Mayor this 12th day of
March,1968 .
ATTEST:
ty ÖleN //
APPROVED AS TO FORM:
ty Attorney
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