ORD 2010-43 RELATING TO THE AFFORDABLE HOUSING FUND
Ali ~RI]I1~~N~ of :the pity of Bainbridge Island, Washington, relating
to the Affordable ~o~sing Fund and amending ectlon ~,38,~10 of the
Bainbridge Island Municipal bode,
I~FIA, the pity hay established an affordable housing fund for the purpose
of supporting the development and preservation of ~.ffordable housing ~n the e~ty; and
FAA, pity oune~l has determined that the ~f ~ord~ble housing fund
should be a subfund of the general fund;
N T~IEIFR~, '~~ YTY UNII~ ~~" T~~ CITY ~F
B~IB~II]E II~A~~, AI~INTI~Ny I~~ I~I~AI~ A F~~I~~V~;
section ~, section ~,~S.o~~ afthe Bainbridge Island Nlunic~pal bode is hereby amended
to read as follows:
.3~,II~ 0 ~st~hlished
~~ • There is stabtished in the city. t~•ea~ur~r _ a
fund design~.ted as the "affordable housing fund" r ~~+~~,~;~~,~~a__t~_~~,~;z~~
~' ~ to supportg the de~relopment and preservation of
affordable housing and to provide segregated accaunting and control far
expendltul'e oflJ.loneyr
ec~io~ ~. This ardinance shall tale effect and be in force ~i~e ~} days From its passage,
approval, and publlcatlon as required by la~v,
~A~I) BY TAE iT~ ~III~ this l~~ day of Dece~aber, ~Oi~~
APPI~~~I~ B~ T~~ AS~~I this ~ ~t day of Dccernber, ~~ 1 ~,
~,..-
~,{,.
Bob Scales, I1~ayor
ATTB TIA~JTH~~TI AT;
~ ~ ~
Rosalind I~, I~assoff, pity clerk
ITH `~~E CXT~ ~Q.~CIL:
~Y~~D ~ THE CTiTY
PASSED a~
~~BLISHED~DATE~
EF~~~~NCE N~MBER~
OR~D
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