Ojai Municipal Code Art. 6 Wastewater Capital Reserve Fund

Pursuant to the provisions of the Federal Clean Water Act Grant Guidelines, there is hereby created a Wastewater Capital Reserve Fund.

(§ 1, Ord. 623, eff. July 12, 1984)

All sewer connection fees collected pursuant to Article 3 of Chapter 3 of Title 5 of this Code shall be paid into the Wastewater Capital Reserve Fund.

(§ 1, Ord. 623, eff. July 12, 1984)

On June 12, 1984, moneys already set aside for the purposes described in this article shall be paid into the Wastewater Capital Reserve Fund.

(§ 1, Ord. 623, eff. July 12, 1984)

In addition to the revenue sources set forth in Sections 8-2.602 and 8-2.603 of this article, the Council may transfer to the Wastewater Capital Reserve Fund from the Sanitation Fund or other available sources funds as may be needed to undertake and complete the projects authorized by this article.

(§ 1, Ord. 623, eff. July 12, 1984)

All or part of the Wastewater Capital Reserve Fund may be shown in the budget as reserves for future expenditures in subsequent years for the uses authorized by this article.

(§ 1, Ord. 623, eff. July 12, 1984)

The Wastewater Capital Reserve Fund shall be used for major sewer transport and treatment capital expenditures, including treatment plant capacity acquisition, treatment plant expansion, and treatment plant or trunk sewer capital improvements or replacements.

(§ 1, Ord. 623, eff. July 12, 1984)