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1328 - Ordinance - Water-Sewer Equipment Replacement FundORDINANCE NO. 1328 AN ORDINANCE OF THE CITY OF PORT ORCHARD CREATING A FUND TO BE KNOWN AS THE "WATER -SEWER EQUIPMENT REPLACEMENT FUND" FOR PURCHASING AND/OR REPLACING WATER -SEWER EQUIPMENT. THE CITY COUNCIL OF THE CITY OF PORT ORCHARD DOES ORDAIN AS FOLLOWS: SECTION 1. There is hereby created a Fund to be known as the "Water -Sewer Equipment Replacement Fund" into which monies shall be placed from time to time as designated by the City Council. SECTION 2. The Treasurer of the City of Port Orchard is hereby directed to transfer $15,000 from the Water - Sewer Operating Fund as set forth in the 1985 Budget adopted on December 3, 1984. SECTION 3. Disbursements from the "Water -Sewer Equipment Replacement Fund" by the City Treasurer shall be made upon proper authorization by the Mayor and City Council. PASSED by the City Council and APPROVED by the Mayor of the City of Port Orchard this 25th day of November, 1985. Jj �U �LIJSLIE Y. WEATHERILL, MAYOR ATTEST: Patricia Hower, City Clerk APPROVED AS TO FORM: City Attorney