There is created a special fund in the office of the city clerk,
to be known and designated as the "sewer extension revolving fund."
(Ord. 406 § 1)
All claims, charges and expenses, attributable to the installation
and maintenance of sewer extension, constructed pursuant to the provisions
of Article V, shall be a charge against and payable out of the sewer
extension revolving fund. No claim against such fund shall be paid
unless the project is approved by resolution of the city council pursuant
to the provisions of Article V.
(Ord. 406 § 2)
Whenever the city council has, by resolution, authorized and
directed the city manager to prepare plans and specification, advertise
for bids and cause bids and the work necessary to install a sewer
extension to be performed pursuant to Article V, the city manager
shall furnish the city clerk an estimate in writing of the cost of
such work and incidental expenses, together with a legal description
of the property and the owners thereof contributing to the cost, showing
the amount of each, and the city's contribution, if any. The city
clerk shall issue receipts to the persons so contributing, and such
contribution shall be deposited in the sewer extension revolving fund.
(Ord. 406 § 3)
This article is adopted and the sewer extension revolving fund
is created as an incident to Article V, and all definitions contained
therein shall apply thereto.
(Ord. 406 § 4)
