(a) There is hereby established a capital improvement fund to be known as the Fairway Storm Sewer Improvement Fund, under Fund No. 432, to provide for project specific accounting records for revenues and expenditures associated with the infrastructure improvements to the Fairway Boulevard storm sewer and its appurtenances, and any related and necessary improvements related thereto, and to maintain compliance with any and all state and federal regulatory agencies.
(b) Council may transfer, deposit, or appropriate funds from the General Fund, from grants obtained from other public or private entities, and such other sources as specified by an affirmative vote of Council to be used to fund the infrastructure improvements for the Fairway Boulevard storm sewer, together with all other necessary and related appurtenances thereto, and to maintain compliance with any and all state and federal regulatory agencies.
(c) Upon approval by Council, this Fund No. 432, shall be used solely to pay for the infrastructure improvements of the Fairway Boulevard storm sewer, including but not limited to the installation and maintenance of the same, together with all other necessary and related appurtenances in the Fairway Boulevard storm sewer area, and to maintain compliance with any and all state and federal regulatory requirements.
(Ord. 2023-23. Passed 6-6-23.)