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• <br /> 1 Section 2: Money shall be initially deposited in the fund in the amount of <br /> 2 $40,800 by December 31, 1979. Every year thereafter, $40,800 shall be transferred into <br /> 3 the fund until the amount shall reach $500,000, at which time payment into the fund <br /> 4 shall cease. <br /> 5 Section 3: Expenditure from the George Culmback Dam Self-Insurance Fund <br /> 6 may be made only for claims arising from the joint liability of the City of Everett and <br /> 7 the Public Utility District No. 1 of Snohomish County and related claims adjustment and <br /> 8 legal costs as defined in the agreement between Public Utility District No. 1 of <br /> 9 Snohomish County and the City of Everett for self-insured primary coverage regarding <br /> 10 the Sultan Project, except by amendment of said contract or other direction of the <br /> 11 Everett City Council. <br /> 12 <br /> 13 Section 4: The fund shall be reimbursed in a timely manner in the same <br /> 14 amount of all expenditures made from the fund for the purposes defined in Section 3. <br /> 15 <br /> 16 <br /> 2-29 <br /> 17 MAYOR <br /> 18 ATTEST: <br /> 19 <br /> 20 A s <br /> 4 _ / .. <br /> 21 ITY CLERK <br /> 22 <br /> 23 PASSED: .5 — 3 42 --7 <br /> 24 VALID: _ 7 — 7 jt <br /> 25 PUBLISHED: 6 - 7 7- <br /> 26 <br /> 27 <br /> 28 <br /> 29 <br /> 30 <br /> 31 <br /> 32 <br />