[HISTORY: Adopted by the Borough Council of the Borough of
Avalon 10-18-1994 by Ord. No. 1213. Amendments noted where applicable.]
There is hereby created for the Borough of Avalon a Budgetary
Reserve Account.
The Borough Manager is hereby directed to deposit all funds
received from the State Treasurer pursuant to Act 77 of 1993, 16 P.S.
§ 6101-B, for the period of the first calendar year in which
the additional one-percent sales tax is in effect into such Budgetary
Reserve Account.
Such Budgetary Reserve Account created by this chapter shall
be maintained by the Borough of Avalon, and the funds therein shall
be retained by the Borough until such time as the Borough's Council
shall, by resolution, direct their expenditure for use in paying for
or reimbursing the costs incurred, whether total or partial, in connection
with an unanticipated fiscal emergency of the Borough of Avalon.
An unanticipated fiscal emergency as set forth in § 14-3 hereof shall be defined to include all appropriate costs related to adverse snowstorms and weather conditions, specifically including those in which emergencies are declared by the Governor of Pennsylvania or Allegheny County Commissioners, as well as landslides in the Borough, and shall also include, and not be limited to, an unbudgeted or under-budgeted expense relating to:
A.Â
The construction or extension of public water or public sewer lines
to serve residents within the Borough;
B.Â
The construction, repair or maintenance (including winter maintenance
during unanticipated fiscal emergency) of public roads within the
Borough as well as excess purchases of materials and equipment or
rental thereof, and overtime pay related thereto;
C.Â
The purchase, lease, repair or maintenance of vehicles or other equipment
necessary to protect the public health, welfare and safety; or
D.Â
Such other unanticipated fiscal emergency as may be defined by Council
of the Borough of Avalon in a resolution.
