3.09.180 Sewer project debt service.
This section is included in your selections.
There is hereby established a fund known as the sewer project debt service fund (fund 204) as follows:
A. Purpose. The purpose of this fund is to account for the public works trust fund loans that the City secured to fund both the sewer main construction (the finished asset has been donated to Pierce County) and the side sewer construction loan program, through which the City made loans to private property owners whose property abutted the new sewer main, making possible their connection to it.
B. Revenues. This fund is paid through property owner loan repayments. [Ord. 589 § 19, 2014.]