Ordinance 4236 - Laserfiche WebLink

ORDINANCE AN ORDINANCE creating a special fund to be designated Equipment Rental Fund, specifying the purpose for which said fund is created; directing the manner in which said fund shall be expended; and declaring an emergency to exist. NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: Section 1: That there is hereby created and established a special fund to be known and designated as the "Equipment Rental Fund", to be used as a revolving fund to be expended for salaries, wages and operations required for the repair, replacement, purchase and operation of motor vehicles equipment, and for the purchase of all equipment, materials and supplies to be used in the administration and operation of said fund. Section 2: The Equipment and Rental Fund created herein shall be under the direction of the City Clerk-Comptroller. Section 3: All motor vehicle equipment of the Street Department shall be transferred to the Equipment Rental Fund as directed by the City Clerk-Comptroller. The charges for the rental for the use of the said motor vehicle equipment shall be sufficient to cover the maintenance, operation and replacement of such equipment, and the terms for the rental thereof shall be on an annual monthly, daily or hourly basis , as determined by the City Clerk-Comptroller. A schedule of such charges shall be prepared by the City Clerk-Comptroller, subject to the approval of the City Council. Such rental rates may be reviewed and if needed, be revised at least annually, to meet changing cost of maintenance, operation and replacement. Section 4: There shall be kept, by those directed by the City Clerk-Comptroller, such books, accounts and records as are necessary to control and report the financial operations of the Equipment Rental Fund, and shall further subdivide the cash account thereof into two separately designated accounts as follows: (a) Account "A", which shall be the "Current Operating Account" into which shall be placed those portions of the charges made to the departments of the City of Everett, in accordance with the provisions of Section 3 herein, which are specifically billed said departments to provide sufficient moneys to pay the salaries and wages, materials, overhead or other costs necessary to operate and maintain all motor vehicle equipment rented thereto. There shall also be placed into account "A" moneys which may from time to time be made specifically available thereto by action of the City Council.