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RESOLUTION NO. 52-~9 Establishing a Oapital Outlay Fund and Directing the Allocation to Such Fund of the Moneys Paid by Various Orange County Sanitation Districts for the Purchass of the Interest of ~he City of Banta Aaa in Section One of the Joint Outfall Sewer System. ~HEREAS, the City of Banta Aaa has need for the construc- tion of various physical facilities and improvements for the health, efficiency and protection of the residents of this City; and WHEREAS, the total cost of such facilities and improve- monte is of such magnitude that the revenues available to the City in one year or even over a period of several years will not be sufficient to accomplish the construction of all such facilities and improvements, and WHEBEAS, immediate preparation of schedules for construc- tion and analysis of available revenue resovmces is mandatory in order to obtain maximum effectiveness and economy in capital out- lays over a considerable number of fiscal years; and WHEREAS, the City has now received Two Hundred and Twenty- seven Thousand, Six Hundred and Seventy-five Dollars and Twelve Cents ($227,675,12) as payment for the sale of the City's interest in Section One of the Joint 0utfall Sewer System ~o Orange County Sanitation Districts Nos. One, Five, Six and Eleven; and ~S, since such payments are received for the sale of physical assets of the City, the money so received should be served for expenditures only on projects which will provide per- manent additions to the physical or capital assets of the City, one such project being the proposed construction and extension of the storm sewer system within the immediate future; NOW, THEltEFOHE, BE IT BEBOLVED: That there shall be esta- blishe~ a fund to be entitled the mOapital Outlay Fundm within