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Ordinance No. 88-27 CITY OF TIGARD, OREGON ORDINANCE: N0. AN ORDINANCE OF' THE TIGARD CITY COUNCIL.. AMENDING SEC-110N 3.16.070 Of THE TIGARD MUNICIPAL CODE RELATING YO PARKS AND RECREATION FACIL-IFIES SYSTEM DEVELOPMENT CHARGES AND SETTING AN Ef f-ECTI:VE: DATE. WHEREAS, a system development charge is imposed on all new residential development to acquire, develop and expand park and recreational facilities; and WHEREAS, Section 3.16.070 of the Tigard Municipal Code requires the establishment of two separate park and recreation development district fulids, with Pacific Highway serving as the dividing line between the two districts; and WHEREAS, Section 3.16.070 requires all expenditures of funds to be made within the district from whence the revenues were collected; and WHEREAS, the City Council no longer finds any practical purpose for segregating the funds in this manner; and WHEREAS, the City Counr,il finds that such segregation of revenues and expenditures unnecessarily restricts the use of the funds according to greatest city—wide needs and priorities; therefore THE CITY OF TIGARD ORDAINS AS FOLLOWS: Section 1: "Section 3,16.070 Park and recreation devel`oment _fund" is amended as follows, with the bracketed items ([]) deleted and replaced with underlined items 3.16.070 Park and recreation development fund. There is hereby _ _� created ea dedicated fund entitled "Park and Recreation Development Fund," All [funds] revenues derived from the system development charge provided by this chapter shall be placed in [one of two park arid] a recreation development district [funds] fund and shall be segregated by accounting practices from all other fur7ids of the City. [Pacific Highway (designated State Highway 99W) shall serve as the dividing line for the creation of the two park and recreation cievelopment districts, All revenues collected on account of park and recreation facilities shall be placed in the fund and expended for acquisition or development of additional park and recreation facilities within the district in which they are collected. Any expenditure of ;ands for major park and recreation maintenance equipment shall be expended equally from each district if used on a citywide basis; otherwise, such expenditures shall be pro—rated by anticipated use of the equipment.] All such funds shall be [used] LixnrE 3ded for no purpose other than those activities necessary for acquisition, development or expansion of recreational facilities as defined in Section 3.16.020 ORDINANCE N-0, $8—� .2.- Page 1 Section 2: This ordinance shall be effective on and after, SePtesiiber 13, 1988. PASSED: By j,�,�t(irti• vote of all Council members Present after- being read by number and title only, this � �_ day of `it:OYyt_Vic'.L. , 1988. Catherine Wheatley, oputy Recorder APPROVED: This ��, ¢ l _ day of 1988. 1988. Thomas M. Brian, Mayor Approved as to farm: t Attorney „a Date brO6078D ORDINANCE NO. 38 _­-�? Page 2