There is hereby created and established a fund to be designated as "the growth management fund."
(Ord. 1066 § 1, 1979; Ord. 1134 § 1, 1980)
The growth management fund shall include deposits from the following sources:
(1)
All proceeds prior to July 1, 1982, from the city's excise tax on the business of developing real estate for residential purposes and the business of constructing new residential dwelling units;
(3)
All funds donated to the city for growth management purposes;
(4)
All funds appropriated by the city for such purposes and specifically deposited in the growth management fund.
(Ord. 1066 § 2, 1979; Ord. 1134 § 2, 1980; Ord. 1251 § 5, 1982)
Expenditures from said fund may be made by the city council only for the purposes of acquisition, maintenance and capital improvements to city parks, recreational facilities and open space; acquisition, maintenance and capital improvements to city streets, sidewalks, appurtenances and traffic-control devices; acquisition, maintenance and capital improvement to storm drainage and flood control facilities; and acquisition and capital improvements for city police and fire departments. All such expenditures must be directly related to the mitigation of impacts resulting from growth and development in the city of Marysville. Expenditures of mitigation assessments collected pursuant to Chapter 22D.010 MMC shall be subject to the additional special restrictions contained in said chapter.
(Ord. 1066 § 3, 1979; Ord. 1134 § 3, 1980; Ord. 1251 § 6, 1982)