The City of Bellevue shall establish an Economic Development Program described herein by appropriating annually from local sources of revenue an estimated $375,000 per one-half year and $750,000 per year in fiscal years 2015-2016 (one-half (1/2) fiscal year), 2016-2017, 2017-2018, 2018-2019, 2019-2020, 2020-2021, 2021-2022, 2022-2023, 2023-2024, 2024-2025, 2025-2026, 2026-2027, 2027-2028, 2028-2029, 2029-2030, 2030-2031, 2031-2032, 2032-2033, 2033-2034, 2034-2035 and 2035-2036 (one-half (1/2) fiscal year) for purposes of promoting economic development within the corporate limits of the City of Bellevue and its ETJ. Additional funds from other non-City sources will be sought beyond those derived from local sources of revenue.
(Ord. 3800, § 1, passed 12-8-2014; Ord. 4113, § 1, passed 12-20-2022)