Arcadia Municipal Code Div. 3 Water Facilities Replacement Fund

There is hereby created a special fund to be known as the Water Facilities Replacement Fund.

This fund shall be used solely for the purpose of replacing the facilities of the Water Department. Said replacement, including any increases in size or capacity of the facilities being replaced, shall be required to provide improved reliability of water service, reduced operating or maintenance costs, increased fire protection or improvements in water pressure or water quality.

Allowable expenditures shall include all costs for engineering, inspection materials, land, right-of-way, and construction necessary for the replacement of facilities including, but not limited to, reservoirs, wells, pumps, pipelines, values, meters, services, fire hydrants, motors, engines, electrical equipment, telemetry systems, chlorination equipment and related appurtenances. This fund shall not be used for the day-to-day operation or maintenance of the water system.

The source of funding shall be general water revenues. Each fiscal year, beginning with the close of the 1978-79 fiscal year, an amount shall be transferred from the Water Fund to the Water Facilities Replacement Fund in accordance with Council directive. All interest accrued shall remain in the fund.

(Division 3 of Part 3, Chapter 5 of Article II was repealed by Ord. No. 1681 adopted 6-19-79, and a new Division 3 added)