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'' . OW <br /> k 44,„Al,...:-.01 <br /> ,iiiii <br /> EVE 'ETT <br /> ORDINANCE NO. 2224-97 <br /> An ORDINANCE creating a special fund entitled <br /> "Snohomish River Regional Water Authority" Fund No. 450 <br /> to accumulate all related costs for the planning, development, ownership, <br /> management, financingand maintenance of the <br /> Weyerhaeuser water rights and facilities purchased by the <br /> Snohomish River Regional Water Authority <br /> and for construction of new water supply facilities. <br /> WHEREAS, on December 18, 1996, Council adopted Resolution No. 4364 authorizing the <br /> execution of an agreement to acquire water rights and water facilities from Weyerhaeuser <br /> Company, and; <br /> WHEREAS, Council approved an interlocal agreement for the establishment of a regional water <br /> authority , and agreement to develop water supply resources; <br /> WHEREAS, the City needs to facilitate efficient water resource development and utilization <br /> through interlocal regional cooperation with Woodinville Water District, Northshore Utility <br /> District; and other municipal corporations operating public water supplies. <br /> NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: <br /> Section 1: <br /> A special Enterprise Fund is hereby established as Fund No. 450, entitled "Snohomish River <br /> Regional Water Authority" to accomplish the actions authorized in this ordinance. <br /> Section 2: <br /> Authorization is hereby given to accumulate costs and collect proportionate shares of total costs <br /> for the development and utilization of the water rights and water facilities. <br /> Section 3: <br /> Authorization is hereby granted to the Mayor, and the Public Works Director as the alternate <br /> delegate to the Board of Directors, to assume full and complete responsibility for conducting all <br /> tasks to accomplish the actions authorized by this ordinance. <br /> CSTAGORD:97RWA(mm 5/16/97) <br />