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31� <br />31� <br />31� <br />�1R <br />��� <br />��� <br />3�1 <br />3�� <br />333 <br />3�A <br />��� <br />3��r <br />3?'� <br />C1 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 be included as part of the source of <br />funds for computing the adequacy of this fund. �-�r�iit���• �r '� ��-� �•:-' ,'�' �: �1. �..� <br />*�� ^���^�-�nd�r-�'rf�� ��. Thic Fimc� ha� heen f�rmall� eateg�ri�ec� hy the <br />Council as a permanent fund, wherebv o�alv the interest vroceeds are used each vear for <br />the stated purpose. The ori�inal t�rinci�a� amount remains intact <br />C] From time to time the City Council shall establish additional replacement funds as the <br />need and funding ability becomes available <br />.�? S Implementation <br />��.� The City shall use replacement funds to assist in the replacement of equipment, vehicles, and <br />33� building maintenance: New equipment or buildings are ta be funded �r�m new dollars, unless <br />331 they are designated to replace currently depreciated assets. Funds from the replacement funds <br />33� may be used up to the amount available from depreciation of the replaced asset. Any additional <br />;�:?:� funding shall be from new sources. <br />tt <br />