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Ordinance 03-098 Creates Trails & Paths Fund /--. CITY OF SPOKANE VALLEY SPOKANE COUNTY,WASHINGTON ORDINANCE NO. 03-098 AN ORDINANCE OF THE CITY OF SPOKANE VALLEY, WASHINGTON, CREATING THE TRAILS AND PATHS FUND FOR USE WITH THE CiTY BUDGET; AND IDENTIFYING APPROPRIATE EXPENDITURES FOR THE FUND. WHEREAS, good accounting practices are enhanced when separate funds are created to account for dedicated revenues and applicable expenditures on certain city programs; and WHEREAS, the Washington State Auditor's office has recommended that cities formally create funds when dedicated revenues are allocated to cities for specific purposes; and WHEREAS, the City Council in consultation with staff, has approved and placed on file with the City Clerk, budgets, together with an estimate of revenues and the amount of money necessary to meet the expenses of the City, which anticipate the use of a Trails and Paths Fund. NOW,THEREFORE,the City Council of the City of Spokane Valley do ordain as follows: Section 1. Trails and Paths Fund. There is hereby established a fund to be known as the Trails and Paths Fund from which motor vehicle fuel tax receipts shall be used to establish and maintain paths and trails for pedestrians, equestrians or bicycles as part of streets, roads and highways. Section 2. Severability. If any section, sentence, clause or phrase of this ordinance shall be held to be invalid or unconstitutional by a court of competent jurisdiction, such invalidity or unconstitutionality shall not affect the validity or constitutionality of any other section, sentence, clause or phrase of this ordinance. Section 3. Effective Date. This Ordinance shall be in full force and effect five(5)days after the date of publication of this Ordinance or a summary thereof in the official newspaper of the City PASSED by the City Council this 2.3 day of December, 2003. Michael DeVleming, May C . ...--X-,pristine Bainbridge,City Clerk Approved As To•Form: A CaryP.P. ris ell, De u • ity Attorney Date of Publication: a.. -p? 6-63 Effective Date: /p.- 6/ -1} 3 Ordinance 03-098 to Create Funds Page I of I