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HomeMy WebLinkAbout1988-01-28 - ORDINANCES - PROP A TRANS FUND (2)ORDINANCE NO. 88-1 PN ORDINANCE OF THE CITY OF SANTA CLARITA CREATING A PROPOSITION A TRANSPORTATION FUND AND AMENDING THE MUNICIPAL CODE Title 3, Revenue and Finance of the Municipal Code is hereby amended by adding Chapter 3. of Proposition A Transportation Fund as follows: Chapter 3. PROPOSITION A TRANSPORTATION FUND Sections: 3.04.010 Created 3.04.012 Moneys Included 3.04.014 Expenditures 3.04.010 Created. To comply with the requirements of the Los Angeles County Transportation Committee, there is hereby established in the City Treasury a special fund to be known as the "Proposition A Transportation Fund." 3.04.012 Moneys Included. All moneys received by the City from the Los Angeles County Transportation Committee pursuant to the guidelines established by the Los Angeles County Transportation Commission including any interest earned from the investment of Proposition A revenues shall be deposited into said fund. 3.04.014 Expenditures. Expenditures from this fund shall - be made only for the purpose authorized by the Los Angeles County Transportation Commission. Before any expenditures are made from this fund, all such expenditures shall first be budgeted in the manner prescribed by ordinance. The foregoing ordinance was introduced at the regular meeting of the City Council of the City of Santa Clarita on Thursday, January 28, 1988,and adopted at the meeting of January 28, 1988 by the following vote: AYES Boyer, Darcy, Heidt, Koontz, McKeon 3.04.010 Created 3.04.012 Moneys Included 3.04.014 Expenditures 3.04.010 Created. To comply with the requirements of the Los Angeles County Transportation Committee, there is hereby established in the City Treasury a special fund to be known as the "Proposition A Transportation Fund." 3.04.012 Moneys Included. All moneys received by the City from the Los Angeles County Transportation Committee pursuant to the guidelines established by the Los Angeles County Transportation jY Commission including any interest earned from the investment of Proposition A revenues shall be deposited into said fund. 3.04.014 Expenditures. Expenditures from this fund shall be made only for the purpose authorized by the Los Angeles County Transportation Commission. Before any expenditures are made from this fund, all such expenditures shall first be budgeted in the manner prescribed by ordinance. The foregoing ordinance was introduced at the regular meeting of the City Council of the City of Santa Clarita on Thursday, January 28, 1988,and adopted at the meeting of January 28, 1988 by the following vote AYES NOES ABSENT Boyer, Darcy, Heidt, Koontz, McKeon None CA '� Howard "Buck" McKeon Mayor Attest• ,z E. F edr ck Bien City Clerk STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) SS. CITY OF SANTA CLARITA ) I HEREBY CERTIFY that the foregoing ordinance was duly introduced on the 28th day of January 1988, and adopted on the 28thday of January 1988, by the following roll call vote: AYES: Boyer, Darcy, Heidt, Koontz, McKeon NOES: ABSENT: E.' Fredrick Bien i ll i City Clerk