O 377 C.S.
- -.. -,. -
134 ORDINANCE NO. 3?? C.S.
AN ORDINANCE OF TIlE CITY COUNCIL OF TIlE CITY
OF ARROYO GRANDE ESTABLISHING A GENERAL FUND
SPECIAL CONTINGENCY RESERVE ACCOUNT REQUIRING
A FOUR-FIFTHS VOTE BEFORE USE THEREOF
The City Council of the City of Arroyo Grande Does Ordain as
follows I
Section 1, Title 3. Chapter 2 of the Municipal Code is hereby
amended by adding thereto Article 4, Section 3-2.401 et seq. reading
in full as follows.
Article 3. Special Contingency Reserve.
Sec. 3-2.401- Establishing and PurpOse.
There is hereby established a separate account entitled Special --
Contingency Reserve. The purpose of the Account is to maintain a
sufficient money reserve to pay for unanticipated extreme emergency
costs or expenditures.
Sec. 3-2.402. Appropriations to Account.
The City Council may at any time appropriate or allocate specified
money amounts into the Account by a simple majority vote of the whole
Council. '
Sec. 3-2.403. Expenditures'from Account.
No monies shall be expended or removed from the Account without
a finding and declaration by'at least four members of the , Council that
an extreme emergency exists which requires the allocation or expenditure
of such monies.
Section 2: This ordinance shall be in full force and effect thirty
(301 days after its passage, and within fifteen (15) days after its
passage. it shall be published once, toge~\er with the names of the
Council Members voting thereon, in a newspaper of the general circulation
within the City.
On motion of Council Member Johnson , and seconded by Council
Member Moots , and on the following roll call vote, to wit.
Council Member JOhnson, Moots, Millis, Porter and Mayor Mankins i
AYES, ,
NOES, None
ABSENT, None
the foregoing Ordinance was passed and adopted at this 24th day
of May , 1988.
1t=~~~~ .0 ,~~..:,.~ '-
MAYOR
ATTEST: ~C[!~~
,
----