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2006_0717_Packet
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2006_0717_Packet
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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 gover�z�ez�tal 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 />fiind� f�r c�mnutin� the adequacy of this fund. �#ri�x��i�� T�ees�s��l��� <br />. f,,.,.7 � -.,.7:.� �' � 4 [7 '2 fl <br />��""" . � Thi� F�mcl ha� heen f�rmallv cate��ri��e�� the <br />Council as a�ermanent fund, whexebv only the interest �roceeds are used each year for <br />the stated purpose. The ori ig nal principal amount remains intact <br />� 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 Citv sl�a1� use replacement funds to assist in the replacement of eauipment, vehicles., and <br />building maintenance: New equipment or buildings az'e to be funded t� ��YL new dollars, ��ess <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 />
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