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HomeMy WebLinkAboutOrdinance No. 0347CITYOFNEDINAORDINANCENO347ANORDINANCEcreatin8aselfinsuranceclaimreservefundfortheCityofNedinnWashinStonTHECITYCOUNCILOFTHECITYOFMEDINADOORDAINASFOLLOHSSection1THereisherebycreatedandestablishedfortheCityofMedinaafundtobeknownastheselfinsuranceclaimreservefundSection2ThereshallbemaintainedwithintheselfinsuranceclaimreservefundanaccounttoreceivemoniesandmakeexpendituresforphysicallosetoallcityownedlicensedvehiclesContributionsshallbemadeannuallytotheaccountinanamountequivalenttothethenprevailin8ratesforinsurancepremiumsforphysicallosstoallcityownedlicensedvehiclesContributionstothereservefundmaybesuspendedwhenintheopinionoftheCityManaBetthereservefundcontainssufficientmoniestopayanyreasonablyforeseeableexpendituresforphysicallosstocityownedvehiclesExpendituresfromthereservefundshallbelimitedtotherepairorreplacementofallcityownedlicensedvehiclesSection3AllsectionshereofshallbeconsideredasofspecialeffectforcodereferencepurposesSection4Thisordinanceshalltakeeffectuponthe17thdayofApril1978Passedandadoptedthis10thdayofApril1978HayorApprovedestoformtheCityoffediIatanedhereoisraiarceNoKirkRinestHillLcuCitAttOrneJeAttestefingrondreclcoFyolsuchorainncowhlchwaspublishednaozheVJahlnsnreatlngoIhirdclmnoreHecfivedaecleieningtlvedaysorSEA