(a) The sales proceeds of the sale of interests of certain real estate shall be deposited into a special fund of the City hereby created and designated as “Old Town/126th Street Special Construction Fund.”
(b) All sales proceeds deposited into the Old Town/126th Street Special Construction Fund, together with all investment earning thereon, are hereby appropriated for the purpose of providing funds to be applied to the cost of the road projects identified in the Economic Development Plan-Old Town/126th Street Corridor Economic Development Areas dated May 1, 1997, which was approved by the Common Council on June 2, 1997, and which is incorporated herein by reference.
(c) Such appropriation shall be in addition to all appropriations provided for in the existing budget and levy, and shall continue in effect until the completion of the activities described in subsection (b) above.
(`91 Code, § 2-124.2) (Ord. D-1311-97, 8-4-97; Ord. D-2067-11, 11-7-11)