3.14.010 Establishment of trunk sewer capital reserve fund – Uses.
A. There is established a fund designated as the “trunk sewer capital reserve fund.”
B. All revenue derived from the sewer capacity charges (formerly “sewerage facility participation charges”) pursuant to CVMC 13.14.090 shall be deposited into such trunk sewer capital reserve fund.
C. The trunk sewer capital reserve fund shall be used solely for the following purposes, unless the City Council shall by four-fifths vote appropriate such funds for another purpose; provided, such other purpose shall be for the planning, design, or construction of sewage collection or treatment or water reclamation purposes or incidental thereto:
1. Paying all or any part of the cost and expense to enlarge sewer facilities of the City so as to enhance efficiency of utilization and/or adequacy of capacity in order to effectively serve the needs of the City;
2. Paying all or any part of the cost and expense to plan and/or evaluate any future proposals for area-wide sewage treatment and/or water reclamation systems or facilities. (Ord. 2466 § 2, 1991).