(A) A new fund, “L. Mendenhall Fast Track Reconstruction Fund” is hereby created as Fund No. 2910 for the receipt and deposit of funds from two landowners paying to replace a section of the existing regulated drain with new 18" pipe.
(B) The revenue for this new fund will come from the two affected landowners.
(C) Expenditures will be made for the replacement of the existing drainage tile.
(D) The life of the fund will be until the work is completed as determined by the contractor’s schedule. Once the date is known, it will be provided by the Surveyor’s office to the Auditor’s office.
(E) The fund balance is perpetual until terminated by the terms of this section.
(F) The fund cash balance will be $0.00 upon termination of the fund.
(Ord. 2022-BCCO-52, passed 12-5-22)