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O-79-579 - 1/11/1979ORDINANCE NO. , 7 AN ORDINANCE ESTABLISHING A PARKS IMPROVEMENT AND ACQUISITION ACCOUNT; PROVIDING FOR CERTAIN FUNDS TO BE DEPOSITED IN SAID ACCOUNT; PROVIDING FOR WHAT PURPOSES EXPENDITURES FROM SAID ACCOUNT MAY BE MADE; PROVIDING FOR A SAVINGS CLAUSE AND RE- PEALING CONFLICTING ORDINANCES. WHEREAS, from time to time individuals, civic organizations and business organizations desire to contribute funds to the City for park development and acquisition purposes, and WHEREAS, certain developers desire to contribute funds for park development and acquisition in lieu of dedicating land as provided in the Subdivision Ordinance, and WHEREAS, the City Council desires to establish a separate account into which funds so received shall be deposited and from which expenditures may be made, now therefore, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS THAT: I. A Parks Improvement and Acquisition Account is hereby estab- lished. IL Contributions and donations from any source which are ear- marked by the donee for use by the Parks Department shall be deposited in the Parks Improvements and Acquisition Account. III. Payments of cash in lieu of land from developers and subdi- viders shall be deposited in the Parks Improvements and Acquisitions Account. IV. Expenditures from the Parks Improvement and Acquisition Account shall be used exclusively for improvement of existing and future parks and for the acquisition of land for future parks. V. The invalidity of any section or provision of this ordinance shall not invalidate other sections or provisions thereof. e -Y VI. All ordinances, parts of ordinances, or resolutions in conflict herewith are expressly repealed. (Mark through the following alternative that is not applicable) Alternative 1. By motion duly made, seconded and passed with an affirmative vote of all the Council members present, the requirement for reading this ordinance on two separate days was dispensed with. READ, PASSED, and ADOPTED on first reading this /1 day of Al 2. READ and APPROVED day READ, APPROV ATTEST; .1# it/L ArtrO , JO'NNE LAND, ity Secretary , 1979. t reading this the , 1979. nd ADOPTED on second reading this t , 1979. A ROBERT G. GRIFFITH, or City of Round Rock, :'r-xas