HomeMy WebLinkAbout57-87 - Res. Paths and Trails Reserve Fund RESOLUTION NO. 57-87
PATHS AND TRAILS RESERVE FUND
WHEREAS, due to the requirements of PC W 47.30.030, it is
required of the county to set aside no less than an amount equal
to one-half of 1% a+ the ga tax collected in each year that is
in excess of $600,000 for a Paths and Trails Reserve Fund.
WHEREAS, Mason County Road Fund has received gas tax funds
in excess of this amount since 1979. The total amount from 1979
through 1986 is $6,839,361.00. One-half of 1% of this amount is
$34, 196.00
WHEREAS, since Mason County does not have the required
adopted Comprehensive Plan for the expenditures of these funds,
it is necessary to set them aside in a reserve fund.
NOW, THEREFORE, BE IT RESOLVED, that the Treasurer is hereby
directed to establish a Paths and Trails Reserve Fund. Funds
shall be transfered from the Road Fund to the Paths and Trails
Reserve Fund in the amount of $34, 196.00 for 1979 through 1966
plus the amount to be yet determined for 1987.
BE IT FURTHER RESOLVED, that said Paths and Trails Reserve
Fund shall accumulate the aforementioned funds until such time as
a plan has been established to expend them.
DATED this 21st day of iU_1y ' 1987.
BOAR OF COUNTY COMMI_ .SIONERS
M N OUNTY, WASHI T N
Ch erson Ea r
Tory t
Commisslover McGee
ATTEST:
C)
Cler of the Boar
CC". Co. Commissioners
Road Department
Accounting Dept. (2)
Treasurer