– LEGAL NOTICE –
PUBLISHED PURSUANT TO CHAPTER 1 SECTION 4.5 OF THE REVISED ORDINANCES OF THE CITY OF EVERETT AND IN COMPLIANCE WITH MASSACHUSETTS GENERAL LAWS Chapter 43, Section 23. ENROLLED: 05/08/2023
DATE OF PROPOSED ORDAINMENT: 05/22/2023
CITY COUNCIL……………………………………………………. No. C0151-23
IN THE YEAR TWO THOUSAND AND TWENTY-THREE
AN ORDINANCE ESTABLISHING REVOLVING FUNDS IN THE CITY OF EVERETT
Councilor /s/ Michael K. Marchese, as President
Whereas: revolving funds may be established by ordinance pursuant to the provisions of G.L. c.44, §53E 1⁄2 for the purpose of managing fees and revenues received by the City for specific programs, allowing such fees and revenues to be expended for those programs without the need for further appropriation.
Now, therefore, by the authority granted to the City Council of the City of Everett, Massachusetts to make and amend ordinances:
Be it Ordained by the City Council of the City of Everett, Massachusetts that the General Ordinances, Chapter 7, Finance and Taxation, Article 1, In General, is hereby amended by inserting therein new Section 7-10, Revolving Funds.
A full copy of the proposed Ordinance shall be located at the City Clerk’s Office for public inspection. A full copy of the proposed ordinance may also be found on pages 48 thru 50 of the agenda packet for the May 8, 2023 regular meeting of the City Council which can be found at the following link: https://cityofeverett.com/wp-content/uploads/2023/05/05-08- 2023-City-Council-Agenda-reduced.pdf. The enrolled ordinance was amended to delete the language on page 50 beginning with the phrase “AND, BE IT FURTHER ORDERED” thru the end of page 51.
This ordinance shall take effect upon passage by the City Council and subsequent approval of by His Honor the Mayor.
A true copy attest
Sergio Cornelio, City Clerk May 19, 2023