(A) The City of Brooklyn Park has been a rapidly developing and growing community which growth has required extensive public improvements. The Heritage Fund was created in 1991 from surplus special assessment funds and such funds continue to be deposited in the fund.
(B) The City Council believes that these funds should be preserved and managed for the benefit of all our citizens. The purpose of this subchapter is to establish and continue a special fund to be called the Heritage Infrastructure Fund which is to be administered to preserve the principal and continue additional growth of the fund. This subchapter establishes a program which will benefit current and future citizens and is intended to assist future generations as well. It is the intent of this section that the Heritage Infrastructure Fund be preserved and maintained for future generations.
('72 Code, § 130:00) (Ord. 1991-685(A), passed 11-25-91; Am. Ord. 1999-901, passed 6-28-99)