There is hereby created a Cumulative Building and Equipment Fund for the purchase, construction, renovation, or addition to buildings used by the Fire Department and for the purchase of firefighting equipment, including making the required payments under a lease rental with option to purchase agreement made to acquire firefighting equipment. The Fund may also be used to acquire police radio equipment. The rate assessed to the taxpayers of the city for the Fund shall be $.10 per $100 of assessed valuation.
(Ord. 1007, passed 4-5-82)