HomeMy WebLinkAboutResolution - 1773 - Establish Permanent Street Maintenance Fund - 08/09/1984DGV:da
RESOLUTION
Resolut€tin #17
Agenda Item #2
8/9/84
WHEREAS, the City Council of the City of Lubbock desires to protect
the public investment in all public streets, thoroughfares and public ways
within the City of Lubbock; and
WHEREAS, the City Council finds it desirable to maintain said public
streets, thoroughfares and public ways in satisfactory condition; and
WHEREAS, the City Council believes that such maintenance may be
secured by the creation of a Permanent Street Maintenance Fund dedicated
solely to the maintenance of public streets, thoroughfares and public ways
within the City of Lubbock; and
WHEREAS, the City Council has determined that the creation of said
Fund will be in the best interest of the citizens of the City of Lubbock;
NOW THEREFORE:
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
SECTION 1. THAT there BE and is hereby created a Permanent Street
Maintenance Fund to provide solely for the maintenance and upkeep of public
streets, thoroughfares and public ways existing within the City of Lubbock
and under the control of the City of Lubbock.
SECTION 2. THAT the Fund shall be established and monies dedicated
and deposited therein on an annual basis as part of the annual budgetary
process of the City of Lubbock. Monies deposited in this Fund shall
include, but not be limited to, a minimum of 2.5% of the City sales tax
revenues received by the City annually.
SECTION 3. THAT the reserves provided by said Fund shall be used
solely for the following purposes:
A. To provide for the reconstruction of public streets, thorough-
fares and public ways existing within the City of Lubbock and
under the control of the City of Lubbock.
B. To provide for the resurfacing, seal coating, patching or other
required maintenance necessary to preserve and protect the public
investment in such public streets, thoroughfares and public
ways.
SECTION 4. THAT all expenditures from said Fund shall be consistent
with approved contracts or bid specifications and that policies and
procedures for the administration of said Fund shall be developed by the
City Manager.
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SECTION 5. THAT in the event of natural disasters or other public
calamity resulting in an extreme emergency, reserves from said Fund may be
used for purposes other than those specified herein with approval of the
City Council.
Passed by the City Council this 9th day of August 1984.
HENRY YOR
ATTEST:
e Boyd, City Secretary
APPROVED AS TO CONTENT:
Rita Harmon, Assistant City Manager
APPROVED AS TO FORM:
Ut*MdLU U. Vt111UJ.YGL,
City Attorney
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