HomeMy WebLinkAboutBack-Up from Law Dept0 Sec. 14-59. - Annual budget; source of funds.
(a) NVlater than 3Odays prior to the date the city commission establishes the
millage rate for the city, the executive director shall prepare for the approval of the board
ebudget for the operation nfthe downtown
ddy-0100 MOW for the ensuing fiscal year, The budget shall beprepared inthe
same manner as required of all departments of the city. When approved by the board it
shall not require approval of any officer or body of the city other than the city
onnnmiRsion. No funds of the city may be included in the budget of the except
th0m8fundm inth|o8rt|C|e.
(b) The operations Ofthe doVvntovvn shall beprincipally
financed from the following sources and such other sources as may be approved by the
City Cnrn0ieeioO:
/1\ Donations totho for the performance ofits functions.
(2) Proceeds ufanadvalorem tax, not exceeding 0.4750mills per dollar
valuation of property in the downtown area designated by the city commission.
/3\ Money borrowed and tob9repaid from other funds received under
the of this article which shall include federal funds, contributions and
funds derived from the nli||ege t0belevied under this article.
/{}ndo 1007' § 13~12; Code 1980. § 14'83; Ord. No. 12905. G2' 4-12~07;C)nd. No. 18573.
§2. 11-19-15\
� Sec. 14~60.~Annual advalorem tax levy in downtown district;
disposition of funds.
The city commission |s tolevy anadditional 8dvalorem tax 0nall real and
personal property in the downtown district as described in this article, not exceeding
0.4750 mills on the dollar valuation of such property, for the purpose of financing the
operation ofthe dovvntnvvn This levy of0.47bOmills per dollar ad
valorem tax shall be in addition to the regular ad valorem taxes and special assessments
for improvements imposed by the city commission. The tax collector shall transmit funds so
collected to the appropriate officer ofthe o|tv responsible for the handling of the public
money who shall deposit the same |Pthe city treasury tothe credit Ofthe Such
money shall beused for Dopurpose other than those purposes inthis article
and, upon approval of the board, pursuant to vouchers signed by a minimum of two
signatories Ofthe bwho shall b8the executive director and one
member ofthe board ofdirectors, ortwo members ofthe board ofdirectors. The funds of
the shall besecured aGother public funds are secured. Other money received by
the shall forthwith bedeposited |nthe city treasury tothe credit ofthe
subject to disbursement as 0Y in this article. The city shall not obligate itself nor
shall it ever be obligated to pay any sums from general public funds, or from any public
funds other than money received pursuant to for oronaccount ofany ofthe
activities of theMORP,.
(Code 1967. 8 13-13; Code 1980. § 14-34; {}ni No. 12905. §2. 4-12-07; Ord. No. 13573, §2.
11-1Q-15\