HomeMy WebLinkAboutORD 3205BILL NO. 13
ORDINANCE NO. 3205
AN ORDINANCE AMENDING THE USES FOR THE CAPITAL IMPROVEMENT FUND
AS ESTABLISHED BY BILL NO. 30, ORDINANCE NO. 2005, PASSED ON THE 7th DAY
OF SEPTEMBER, 1993; PROVIDING FOR AN EFFECTIVE DATE; PROVIDING FOR
SEVERABILITY; AND REPEALING ALL ORDINANCES, RESOLUTIONS, ORDERS
AND PARTS THEREOF, IN CONFLICT HEREWITH.
BE IT ORDAINED by the Mayor and Council of the City of Caldwell, County of Canyon, State
of Idaho:
Section 1. That Section 1. of Bill No. 30, Ordinance No. 2005, passed on the 71h day
of September, 1993, be amended as follows:
That there be and hereby is created a "Capital Improvement Fund" under the
provisions of Section 50-236 of the Idaho Code; that said fund shall be used solely
f//��or the purpose of Capital Improvements , eity
improvements,
fire and park equipmeRt pur-ehase.
The term Capital Improvement includes land, improvements to land, easements,
buildings, facilities, building improvements, vehicles, machinery, equipment,
infrastructure, and all other tangible assets that are used in operations and that meet
the following criteria:
1. Would normally be paid for out of the City's General Fund;
2. Have an initial purchase price of at least $10,000; and,
3. Have a minimum useful life of at least five years, as determined by Table
B-1 in Appendix B of IRS Publication No. 946 (2017).
Section 2: This ordinance shall be in full force and effect from and after its passage,
approval, and publication, according to law.
Section 3. This ordinance is hereby declared to be severable. If any portion of this
ordinance is declared invalid by a court of competent jurisdiction, the remaining provisions shall
continue in full force and effect and shall be read to carry out the purposes of the ordinance before
the declaration of partial invalidity.
Section 4. All ordinances, resolutions, orders and parts thereof in conflict herewith are
repealed.
PASSED BY THE COUNCIL OF THE CITY OF CALDWELL, IDAHO, this 3rd day of
September, 2019.
APPROVED BY THE MAYOR OF THE CITY OF CALDWELL, IDAHO, this 3`d day of
September, 2019.
AT"I'IJST:
Mayor Garret Nancolas
�Ci�tyClerkDeputy)
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