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1 <br /> <br /> 2 <br /> <br /> 3 <br /> <br /> 5 <br /> <br /> 6 <br /> <br /> 7 <br /> <br /> 8 <br /> <br /> 9 <br /> <br />l0 <br /> <br />ll <br /> <br />15 <br /> <br />16 <br /> <br />17 <br /> <br />18 <br /> <br />19 <br /> <br />~0 <br /> <br />~3 <br /> <br />~5 <br /> <br />~7 <br /> <br />~8 <br /> <br /> 2.9 <br /> <br />30 <br /> <br />3~ <br /> <br /> ORD N^.CE .0. <br /> <br />AN ORDINAl{CE OF TIlE CITY OF RIVERSIDE, CALIFORNIA, <br />AMENDINO ORDINANCE NO. 31179 IN ITS ENTIRETY, <br />WIIICH ORDINANCE RELATES TO TIlE CREATION OF A <br />SPECIAL FUND TO BE KNOWN AS TIlE "SPECIAL CAPITAL <br />.IMPROVEMENT FUND" AND PROVIDIN0 FOR THE DISPOSITION <br />OF SUCH FUND. <br /> <br /> The City Council of the City of Riveyside does ordain <br />as follows: <br /> <br /> Ordinance No. 311'19 is hereby amended in its entirety. <br /> <br />to read as follows: <br /> <br /> Section l: The Finance Director is hereby <br /> directed to maintain a special fund to be known as <br /> the "Special Capital Improvement Fund" 2or the pm'pose <br /> of receiving money from the following sources: <br /> <br /> (a) All monies ~eceived from the City's Uniform <br /> Transient Occupancy Tax ordinance. <br /> <br /> (b) A sum approximating 2~% of the revenue <br /> received from the state's cigarette tax Ievy, which <br /> sum is to be transferred from the General Fund. <br /> <br /> Section 2: The monies deposited in said Special <br /> Capital Improvement Fund from time to time shall be <br /> expended solely for the following purposes: <br /> <br /> (a) For general capital improvement purposes <br /> including the acquisition~ of any lands and the furnishfng.. <br /> of any equipment necessary thereto. <br /> <br /> (b) Mcr payment of d~bt service on any bond issued <br /> or other indebtedness incurred for acquisition and <br /> construction o2 general city capital improvements. <br /> <br /> (c) For the payment o2 all expenses necessary <br /> <br /> the administration o£ tile City's Uniform Transient <br /> Occupancy Tax ordinance. <br /> <br /> Section 3: The City Cler~ shall eer'ti2y to the adoption <br />of this ordinance and cause it to be published once in The Press. <br /> <br />C11~ <br /> <br /> <br />