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HomeMy WebLinkAbout3 - Ordinances ORDINANCE NO. 3 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, ESTABLISHING A SPECIAL GAS TAX STREET IMPROVEMENT FUND IN THE CITY OF RA~NCHO CUCAMONGA AND DECLARING THE URGENCY THEREOF. THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA DOES ORDAIN AS FOLLOWS: SECTION 1. To comply with the provisions of Section 2113 of the Streets and Highways Code and to avail itself of its benefits of Sections 2106 and 2107 thereof, there is hereby created in the City treasury a special fund to be known as the "Special Gas Tax Street Improvement Fund". SECTION 2. All monies 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 interests therein or for engineering or for the construction, maintenance or improvement of streets or highways by the City, and all interest recei~,d from the investment thereof, shall be paid into said fund. SECTION 3. All monies in said fund shall be expended exclusively for the purposes authorized by and subject to the provisions of the Streets and Highways Code. SECTION 4. The City of Rancho Cucamonga has just been incorporated and has no funds whatsoever to provide for maintenance and improvement of City streets. It is necessary that the City acquire funds for such purposes and without delay. This Ordiance is therefore necessary for the protection of the public health, welfare and general safety and shall take effect immediately upon its adoption as an urgency measure mursuant to Sections 36934 and 36937 (b) of the Government Code. PASSED, APPROVED and ADOPTED this 2nd day of December, 1977. AYES: Frost, Mikels, Palombo, Schlosser, West NOES: None ABSENT: None ATTEST: City Clerk