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648 <br />60R <br />��o <br />61� <br />612 <br />613 <br />614 <br />b15 <br />d16 <br />617 <br />618 <br />❑ The City s�all establish a Street Infrastructure R�placernent Fuzad ta provide far the <br />general replacement a£ streets and relaied infrasin�eture throug�.out the community. <br />The fiinding shnuld eq�al ti�e amaun� of acc�unulated de�reciation arecarded nn aIl <br />general gavernmental str�ets and relate� struct�res including annual £und interest <br />earnings. The annual M�A capital a�location, r�ill be inc�uded as part of t�e saurce oi <br />funds for coz�puting the adequacy af ihis fund. T,�<° �„r,a �.�� �.°°r a�*^�.r,�.ho�_.,n u <br />. T�is Fund has been forn�all cate orized b the <br />Cc�uncil as a ertnaneni fund w�exeb onl the intearesfi xoc�eds are used each ear for <br />�he staied ur ase. The ori ina� rinc� ai amo�t remains in:tact <br />619 0 T�e Cit s�iail establ�sh a Park Tm aravement Fund ta aro�ide for the enera� <br />62Q re �acement of arks and �relatec� infrastructuz�e throu hnut the comam�a�t . The fundin <br />62l sho�zld e ual �he am.ouz�t o� accurnulated de �rec�ation recnrd�d on all ark s ste�n <br />622 assets. <br />623 <br />624 <br />625 <br />626 <br />&27 <br />628 <br />629 <br />G30 <br />631 <br />632 <br />633 <br />634 <br />635 <br />636 <br />637 <br />638 <br />639 <br />b40 <br />b41 <br />C! Within eacY� er�te rise ��nd ihe Cit shal� establish a fundin arz�echariism tn rovide £or <br />�he eneral re laceme�t of related infrastrueture �hrnu hout t�e communit . T�e <br />fund'zn should e�aI th.e a�aount c�f accumulatec� de reciatinn recaarded on all ente rise <br />�und svste� assets. <br />C,1 Frum tirne �o tirr�e the Ci�.y Couneil s�all establish actciitioz�al replacemeni funds as the <br />�eed and funding abili�y becomes avai�able <br />❑ T�e Cit shoulr� eriociicall review and fol�ow industr -recommended re lacement <br />schedules for al� Cit ca ital assets. <br />I�npleanentatio�a <br />T�e Cit� sha11 use replacernent fivads fio assist in the replacement n�' equipznenfi, vehicles, azad <br />building maintenance. New equipnnez�t or buildings are to be funded frnrn new dollars, unless <br />they aa�e designated ta replace currently depreciated assets. �ur�ds from the replaceme�t funds <br />rzlay be used up tn the a�nount availahie firom depreciatinn of ihe replaced asset. Any additional <br />funding shall be from new sources. <br />21 <br />