There is created a new fund in the city of Black Diamond accounting system for the water utility to be known as the water supply and facilities funding agreements fund.
(Ord. 747 § 1, 2003)
The purpose of this fund shall be solely for tracking monies, and interest earned thereon, that is paid to the city pursuant to the terms of water supply and facilities funding agreements entered into between the city and owners of property within the city or its potential annexation areas.
(Ord. 747 § 2, 2003)