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HomeMy WebLinkAbout2126ORDINANCE NO. AN ORDINANCE of the City of Kent, Washington, creating a special revenue fund of the City of Kent, to be known as the Kent Commons Operating Fund, provid- ing for administration of said fund by the Park and Recreation Department, and providing for payment into and withdraw- als from said fund. THE CITY COUNCIL OF THE CITY OF KENT, WASHINGTON, DO HEREBY ORDAIN AS FOLLOWS: Section 1. There is hereby created a special revenue fund of the City of Kent to be known as the Kent Commons Operating Fund, hereinafter called "the Fund". Section 2. The Fund shall be administered by the Park and Recreation Department of the City of Kent. Section 3. Payments into the Fund shall be from the in- come derived from the operation of the Kent Commons, the multi- purpose facility of the City of Kent, including but not limited to lease and rental payments, reimbursement by tenants of Centrex (telephone) charges, recreation fees, grants, donations, interest on investments, administrative charges, and income from coin op- erated equipment. Section 4. Withdrawals from the Fund shall be for the sole purpose of paying operating costs of the Kent Commons and shall be accomplished in the same manner as withdrawals from any other fund of the City. Section 5. This Ordinance shall take effect and be in force five (5) days from and after its passage, approval and pub- lication as provided by law. ISABEL HOGAN,tAAYOR ATTEST: MARIE JENSE , CITY CLERK tP ROVED AS TO FORM: i D ALD E. MIRK, CITY ATTORNEY PASSED the 0 day of November, 1978. APPROVED the `� day of November, 1978. PUBLISHED the day of November, 1978. I hereby certify that this is a true copy of Ordinance No. /mac passed by the City Council of the City of Kent, Washington, and approved by the Mayor of the City of Kent as here- on indicated. (SEAL) MAR J JENSEN; CITY CLERK - 2 -