Ordinance No. 92-01 CITY OF TIGARD, OREGON
ORDINANCE NO. 92-
AN ORDINANCE DISSOLVING THE COUNTY ROAD LEVY FUND AND REPEALING TIGARD
MUNICIPAL CODE CHAPTER 3.24.
WHEREAS, a special revenue fund entitled 1°County Road Maintenance Fund"
was established in the Tigard Municipal Code Section 3.24 to record
revenues received from the Washington County Road Maintenance Fund; and,
WHEREAS, the County Road Maintenance Fund has ceased to serve its
purpose due to the expiration of the County Levy as its sole source of
revenue, and,
WHEREAS, local budget law encourages the use of the minimum number of
funds necessary to carry on the business of the City,
THE CITY OF TIGARD ORDAINS AS FOLLOWS:
SECTION 1: Chapter 3.24 of the Tigard Municipal Code is hereby
repealed.
SECTION 2: The County Road Maintenance Fund, as established by Tigard
Municipal Code Section 3.24, is hereby dissolved.
SECTION 3: All residual assets of the fund are to be transferred to the
County Gas Tax Fund and future revenues if any are to be recorded in the
General Fund.
This ordinance shall be effective 30 days after its passage by the
Council, approval by the Mayor, and posting by the City Recorder.
PASSED: By ld r10.n'+rnyu5 vote of all Council members
present after being read by number and title only, this
114`" day of � 1992.
Catherine Wheatley, CityuRecorder
APPROVED: This �_ day of � , 1992.
--�Gerald R. Edwards, Mayor
Approved as to form:
Cit torney
Date
ORDINANCE No. 92- Q/
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