Coronado Municipal Code Ch. 8.30 Relinquished Roadway Fund

Sections:

• 8.30.010 Legislative purpose and Endings.

• 8.30.020 Establishment.

• 8.30.030 Deposits.

• 8.30.040 Expenditures.

The recitals of the ordinance codiIed in this chapter are incorporated herein as though set forth in full. (Ord. 2020-01 § 2, 2020)

A “relinquished roadway fund” is established for the purpose of funding activities on or associated with any roadway relinquished by the State of California to the City of Coronado (the “relinquished roadways”) including the maintenance, repair and replacement thereof, facilities, improvements and construction thereon, and activities related to ensuring the safe and eKcient operations thereof. A separate fund shall be set up for the relinquished roadways moneys. Money in the relinquished roadway fund may be prudently invested in accordance with applicable law and City policies. Money in the relinquished roadway fund shall not, except for temporary or pooled investments, be commingled with other moneys of the City, and shall be expended solely for the purpose for which the relinquished roadway fund was established. Any interest earned on or return on investments for money in the relinquished roadway fund shall be deposited into that fund and spent for the purposes authorized in this section. (Ord. 2020-01 § 2, 2020)

Initial funding in the amount of $9,300,000 shall be transferred from the community development agency fund (160) and deposited into the relinquished roadway fund as soon as practical after the City’s acceptance of the relinquished roadways. Any moneys received from the State of California on account of the relinquished roadways shall be immediately deposited into the relinquished roadway fund. (Ord. 2020-01 § 2, 2020)

Expenditures from the relinquished roadway fund shall be made only for the purposes authorized by CMC 8.30.020 and shall be accounted for separately. The fund shall not be used to pay for any other activities. Projects to be paid for from the relinquished roadway fund shall be enumerated in the Capital Improvement Plan. There shall be no borrowing permitted from this fund. (Ord. 2020-01 § 2, 2020)

The Coronado Municipal Code is current through Ordinance 2026-05, passed June 16, 2026.

Disclaimer: The City Clerk’s OKce has the oKcial version of the Coronado Municipal Code. Users should contact the City Clerk’s OKce for ordinances passed subsequent to the ordinance cited above.

City Website: www.coronado.ca.us

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