Watsonville Municipal Code Art. 1 General Provisions and Definitions

This chapter may be cited as the City of Watsonville Public Enterprise Financing Law.

(§ 1, Ord. 535-81 C-M, eff. September 24, 1981)

The Council hereby finds and declares that it is necessary, essential, a public purpose, and a municipal affair for the City to be authorized to provide financing for public enterprises of the City.

(§ l, Ord. 535-81 C-M, eff. September 24, 1981)

For the purposes of this chapter, unless otherwise apparent from the context, certain words and phrases used in this chapter are defined as follows:

(a) “Bond” shall mean any bond, note, certificate, debenture, or other obligation issued or entered into by the City pursuant to this chapter.

(b) “City” shall mean the City of Watsonville, California.

(c) “Council” shall mean the Council of the City of Watsonville.

(d) “Enterprise” shall mean a revenue-producing improvement, building, system, plant, works, facility, or undertaking used for or useful for any of the following purposes:

(1) The obtaining, conserving, treating, and supplying of water for domestic use, irrigation, sanitation, industrial use, fire protection, recreation, or any other public or private use;

(2) The collection, treatment, or disposal of garbage or refuse matter;

(3) The collection, treatment, or disposal of sewage, waste, or storm water, including drainage;

(4) The providing of public parking lots, garages, or other automotive or vehicular parking facilities, including any and all public off-street vehicular parking facilities; and

(5) The providing of public airports and the facilities appurtenant thereto.

“Enterprise” shall include, but shall not be limited to, all parts of the enterprise, all appurtenances to it, and:

(1) Lands, easements, rights in land, water rights, contract rights, and franchises;

(2) Approaches, dams, reservoirs, trunk, connecting, and other water mains, filtration works, pumping stations, and water supply, storage, and distribution facilities and equipment;

(3) Garbage trucks, equipment, dumps, garbage disposal plants, and incinerators or other disposal facilities, including facilities to sort and prepare components of solid waste for sale and facilities to convert solid waste to energy and reusable materials;

(4) Sewage treatment plants, sewage disposal plants, intercepting and collecting sewers, outfall sewers, and trunk, connecting, and other sewer mains; and

(5) All buildings, structures, improvements, equipment, ditches, canals, and facilities whatsoever appurtenant or relating to the enterprise.

(e) “Improve” shall mean to reconstruct, replace, extend, repair, better, equip, develop, embellish, or otherwise improve.

(f) “Revenue” shall mean all charges received for, and all other income and receipts derived by the City from, the operation of any enterprise or arising from any enterprise, any amount received by the City as investment earnings on moneys deposited in any fund or account securing bonds, and such other legally available money as the Council, in its discretion, may lawfully designate as revenue.

(§ l, Ord. 535-81 C-M, eff. September 24, 1981)