HomeMy WebLinkAboutBack-Up from Law DeptSee. 14-59. - Annual budget; source of funds.
(a) No later than 30days prior to the date the city commission establishes the
nnUk3gerate for the city, the executive director shall prepare for the approval ofthe board
abudget for the operation ofthe downtown
for the ensuing fiscal year. The budget shall beprepared }nthe
same manner as required of all departments of the city. When approved by the board it,
shall not require approval Ofany officer 0rbody ofthe city other than the city
commission. Nofunds nfthe city may beincluded inthe budget ofthe except
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those funds in this art! le.,
(b) The operations Qfthe downtown Gha|Ibeprincipally
'financed from the following sources and such other sources aomay be approved bythe
city oo[n0|eeion|
(1) Donations tothe for the performance ofits functions.
(2) Proceeds ufanodvalorem tax, not excaed|ng0/475D m|||a per dollar
V8|u8tio[) of property In the dnwOtnVvD area designated bythe city coFnnniem|on.
/3\ Money borrowed and to be repaid from other funds received Under
the ofthis article which shall include federal funds, contributions and
funds derived from the rD|Uage to be levied under this article,
(Code 1907. § 13°12| {)Ode 1980. § 14'33|(}rd. No. 12905. G2.4-12^07| Ord. No. 18573,
* SeG. 14~60. ~Annual ad valorem tax levy in downtown district;
disposition of funds.
The city commission isto levy an additional ad valorem tax Vnall real and
personal property |Uthe downtown district aSdescribed iDthis article, not exceeding
0.4760 mills on the dollar *valuation of such property, for the purpose of financing the
operation ofthe dowOtoVYO0��
. This levy of 0.4750 mills per dollar ad
valorem tax shall be in addition to the: regular ad valorem taxes and special assessments
for improvembnts imposed by the city commission. The tax collector shall transmit funds so
collected hzthe appropriate officerofthooUvreoponG|b|ef0[tbehandUDgofthepubUc
money who shall deposit the same |nthe city treasury iothe credit 0fthe Such
money shall be used for no purpose other than those purposes in this article
and, upon approval ofthe board, pursuant tovouchers signed b«a minimum oftwo
signatories oftheffi , who shall bethe executive director and one
member of the board of directors, or two members of the board of directors. The funds of
the shall besecured aSother public funds are secured. Other money received by
the shall forthwith bedeposited |Dthe city treasury tothe credit Vfthe .
aubieQttodisbursement ae in this arUo|0e.The city shall not obligate itself nor
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shall |tever b8obligated topay any sums frogenerG|public funds, nrfrom any public
funds other than money received pursuant to sectipii 14-5q for or on account of any of the
aot|vit|e8ofthe N.
(Code 1SG7.813-13; Code 1Q88.§14-34|Ord. No. 129Ob G2.442-07|Ord, No. 13573,§2,
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