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� The City shall establish a Street Infrastructure Replacement Fund to provide for the <br />general replacement of streets and related infrastructure throughout the community. <br />The funding should equal the amount of accumulated depreciation recorded on all <br />general governmental streets and related structures including annual fund interest <br />earnings. The annual MSA capital allocation, will he included as part of the source of <br />funds for computing the adequacy of this fund. ����'• �•• a T• �r '~~��~ ''"'�, ��'��� <br />. This Fund has heen f�rmall� categ�ri�ed hv the <br />Council as a�ermanent fund; whereb� onl� the interest �roceeds are used each vear for <br />the stated purpose. The ori i� nal principal amount remains intact <br />Q From time to time the City Council shall establish additional replacement funds as the <br />need and funding ability becomes available <br />Implementation <br />The City shall use replacement funds to assist in the replacement of equipment, vehicles, and <br />building maintenance: New equipment or buildings are to be funded tr�m new dollars, unless <br />they are designated to replace currently depreciated assets. Funds from the replacement funds <br />may be used up to the amount available from depreciation of the replaced asset. Any additional <br />funding shall be from new sources. <br />� <br />