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The annual budget of the Downtown Development Authority as prepared by the authority and approved by the City Council shall be based upon the downtown development plan and tax increment financing plan, but the amount of funds budgeted for receipt or expenditure in any year shall not be limited to the amount which may have been established for receipt or expenditure in the development plan. It shall be the responsibility of the City Treasurer to pay to the account of the Downtown Development Authority the amounts of funds as approved in the annual budget of the Downtown Development Authority, without regard to the estimated cost of development over the life of the plan as detailed in the tax increment financing plan and development plan.
(Prior Code, § 1.292) (Ord. 426, passed 5-16-1983)