(A) A new fund, “Keaton Acres Drain Escrow Fund” is hereby created as Fund No. 2905 for the receipt and deposit of landowners’ payments for the drain.
(B) Revenue for the new fund will come from landowners’ payments made through the Surveyor’s office.
(C) Expenditures will be used for installing a private 8" lateral to connect to the Keyton- Knight Regulated Drain.
(D) The life of the fund will be until the work is completed as determined by the contractor’s schedule. Once this is determined, the Surveyor’s office will provide the date to the Auditor’s office.
(E) The fund balance is perpetual until terminated by the terms of this section.
(F) The fund balance will be $0.00 upon termination of the fund.
(Ord. 2022-BCCO-31, passed 7-5-22)