Division 2 — FINANCE AND TAXATION›Part II — FUNDS AND ACCOUNTS›Chapter 15 — RIGHT-OF-WAY ACQUISITION AND IMPROVEMENT FUND
Torrance Municipal Code Art. 1 Fund Created
Torrance Municipal Code · 2026-10 edition · updated 2026-10-21 · Torrance
Cite as: Torrance Municipal Code Article 1 · Text as of 2026-10-21
215.1.1 CREATION OF FUND.¶
A fund is hereby created for the purpose of acquiring property and rights-of-way for adequate access to lot splits and subdivisions. The fund shall be known as the Right-of-Way Acquisition and Improvement Fund.
215.1.2 USE OF FUNDS.¶
Monies deposited in said fund shall be earmarked within said fund to be used exclusively for the acquisition of property or rights-of-way necessary in order to supply adequate access to a particular lot split or subdivision, for building relocation, rehabilitating site improvements, paving costs, condemnation costs, legal, appraisal, sales and other reasonable administrative costs.
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