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Ordinance 43171 ORDINANCE NO. 4317 AN ORDINANCE OF THE CITY OF EDMONDS, WASHINGTON, AMENDING THE EDMONDS CITY CODE TO REPEAL CHAPTER 3.16 PARKS TRUST FUND, AUTHORIZING THE CLOSURE OF THE PARKS TRUST FUND, REPEALING ORDINANCE 3466 AND FIXING A TIME WHEN THE SAME SHALL BECOME EFFECTIVE. WHEREAS, Ordinance 3466 created Chapter 3.16 Parks Trust Fund in the Edmonds City Code; and WHEREAS, Chapter 3.16 authorized the creation of the Parks Trust Fund; and WHEREAS, the Parks Trust Fund has not been actively used for many years, and WHEREAS, the original purposes for which the Parks Trust Fund was created are being carried out by the Parks Department and accounted for in other City funds, and WHEREAS, it is a best practice in fund accounting to not utilize more funds than are necessary; and WHEREAS, all of the assets, liabilities, and fund balances previously existing in the Parks Trust Fund have been transferred to other City funds, NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON, DO ORDAIN AS FOLLOWS: Section 1. The Edmonds City Code is hereby amended by the repeal of Chapter 3.16. Section 2. The Administrative Services Director is authorized to close the PARKS TRUST FUND. 2 Section 3. Effective Date. This ordinance, being an exercise of a power specifically delegated to the City legislative body, is not subject to referendum, and shall take effect five (5) days after passage and publication of an approved summary thereof consisting of the title. APPROVED: MAYOR, MIKE NELSON ATTEST/AUTHENTICATE: CITY CLERK, SCOTT PASSEY APPROVED AS TO FORM: OFFICE OF THE CITY ATTORNEY: BY JEFF TARADAY FILED WITH THE CITY CLERK: August 11, 2023 PASSED BY THE CITY COUNCIL: August 15, 2023 PUBLISHED: August 18, 2023 EFFECTIVE DATE: August 23, 2023 ORDINANCE NO. 4317 3 SUMMARY OF ORDINANCE NO. 4317 of the City of Edmonds, Washington On the 15th day of August, 2023, the City Council of the City of Edmonds, passed Ordinance No. 4317. A summary of the content of said ordinance, consisting of the title, provides as follows: AN ORDINANCE OF THE CITY OF EDMONDS, WASHINGTON, AMENDING THE EDMONDS CITY CODE TO REPEAL CHAPTER 3.16 PARKS TRUST FUND, AUTHORIZING THE CLOSURE OF THE PARKS TRUST FUND, REPEALING ORDINANCE 3466 AND FIXING A TIME WHEN THE SAME SHALL BECOME EFFECTIVE. The full text of this Ordinance will be mailed upon request. DATED this 15th day of August, 2023. CITY CLERK, SCOTT PASSEY