HomeMy WebLinkAboutORD 2046• •
BILL NO. 32
ORDINANCE NO. 4
AN ORDINANCE ESTABLISHING A "CAPITAL IMPROVEMENT FUND" UNDER THE
PROVISION OF 50 -236 OF THE IDAHO CODE FOR THE PURPOSE OF
PROVIDING FUNDS FOR CAPITAL IMPROVEMENTS FOR PARK FACILITY
IMPROVEMENTS, CITY FACILITY IMPROVEMENTS, AND POLICE, FIRE, AND
PARK EQUIPMENT PURCHASE FOR THE CITY OF CALDWELL, SAID CAPITAL
IMPROVEMENT FUND IS NOT SUBJECT TO THE PROVISIONS OF SECTION 50-
1014 OF THE IDAHO CODE IN RESPECT TO THE TRANSFER OF UNEXPENDED
BALANCE IN SAID FUND AND PROVIDING FOR THE ADMINISTRATION OF SAID
CAPITAL IMPROVEMENT FUND.
BE IT ORDAINED BY THE MAYOR AND COUNCIL OF THE CITY OF CALDWELL,
IDAHO:
Section 1. That there be and hereby is created a "Capital
Improvement Fund" under the provision of Section 50 -236 of the
Idaho Code; that said fund shall be used solely for the purpose
of capital improvements for park facility improvements, City
facility improvements, and police, fire and parks equipment
purchase.
Section 2. That in addition to other taxes levied by the City of
Caldwell, there shall be levied a special tax not to exceed
.040% of taxable value.
Section 3. That the funds derived from the special tax levy
herein set forth shall not be subject to the provision of Section
50 -1014 of the Idaho Code in that the funds derived from the levy
herein provided must be used solely and wholly for the purpose as
set forth in this ordinance.
Section 4. That the levy of this special tax shall commence
during the year 1994 and shall be assessed annually thereafter
until further action by the City Council or until such time as
the maximum amount has been levied under the provision of Section
50 -236 of the Idaho Code.
Section 5. All ordinances, resolutions, orders, or parts
thereof, in conflict herewith are hereby repealed, rescinded and
annulled.
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Section 6. This ordinance shall be in full force and effect from
and after its passage, approval and publication according to law.
PASSED BY THE CITY COUNCIL of the City of Caldwell this 6th day
of September , 1994.
APPROVED BY THE MAYOR of the City of Caldwell this 6th day of
September , 1994.
ayor
Attest:
City Clerk