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HomeMy WebLinkAbout10 corr~,ct copy of Or~!Inance ~o.//~) of the City of ~aratega passea a~ adopted on the ....... .been posted ~)ursuant to · ~ Aetin~ C~ty Clerk / ORDINANCE N0. / ~ AN ORDINANCE RELATING TO THE CARE AND EXPENDITURES OF MONEYS RECEIVED FROM THE STATE OF CALIFOrnIA UNDER THE PROVISIONS OF ARTICLE 5, CHAPTER l~ DIVISION l, OF THE STREETS AND HIGHWAYS CODE. The City Council of the City of Saratoga do~s ordain as follows: SECTION l: To comply with the provisions of Article 5~ Chapter l, of Division l, of the Streets and High- ways Code, with particular reference to the amendments made there- to by Chapter 642, Statutes of 19'35, there is hereby created in the City Treasury a special fund to be knovm as the "Special Gas Tax Street Improvement Fund." SECTION 2: All moneys received by the City from the State of California under .the provisions of the Streets and Highways Code for the acquisition of real property or interest therein o5 for the construction, maintenance or improvement of streets or highways other than State Highways, shall be paid into said fund. SECTION 3: All moneys in s ai;d fund shall be expended exclusively for the purposes authorized by, and subject to all the provisions of Article 5~ Chapter 1~ Division 1 of the Streets and Highways Code. This Ordinance was regtularly introduced and after the wait- ing time required by law was thereafter passed and adopted AYES: BraZil, Jepsen, L&n~ill, R0sasoO, Williamas None NOES: ABSENT: None ~ MAYOR The above and foregoing is a true and correct ATTEST: copy of Ordinance _ w',~;ch has been  ~,/~,~/published according m law. CITY CLE