(a) For purposes of this section, the following definitions shall apply:
"Chicago Riverwalk" means the area immediately adjacent and parallel to the south bank of the Chicago River to Wacker Drive and from Lake Street to Lake Shore Drive.
"General Ordinance" means the Motor Fuel Tax Revenue Bonds General Ordinance adopted on November 28, 1990 and published in the Journal of Proceedings of the city council for such date at pages 25555 through 25604, inclusive, as amended by Article VIII of that certain 2003 Series Ordinance, adopted March 5, 2003 and published in the Journal of Proceedings of the city council for such date at pages 104562 through 104665, as further amended by the 2013 Series Ordinance, and as may be further amended from time to time.
"Kiosk" means a free standing, permanent structure (1) located on the sidewalk or other appropriate area on Upper Wacker Drive immediately adjacent to the Chicago Riverwalk or any entrance thereto; and (2) used exclusively or in part to direct people to an entrance from Upper Wacker Drive to the Chicago Riverwalk or to otherwise provide information about the Chicago Riverwalk. Portions of a kiosk not used to provide directions to or information about the Chicago Riverwalk may be used for outdoor advertising pursuant to section 2-32-055. For purposes of this section, the term "kiosk" does not include a bus shelter.
"2013 Series Ordinance" means the Series Ordinance Authorizing the Issuance of City of Chicago Motor Fuel Tax Revenue Bonds, Series 2013, adopted in accordance with the provisions of the General Ordinance, as such 2013 Series Ordinance may be amended from time to time.
(b) All revenues received by the city from the following sources shall be placed in a single appropriate fund designated by the budget director, in consultation with the comptroller, for the purposes set forth in the 2013 Series Ordinance and/or the General Ordinance:
(1) all revenues received by the city from any license agreement, regardless of nomenclature, executed pursuant to section 4-250-080 for the licensing of docks for tour boat operations at the following two locations on the main branch of the Chicago River at Michigan Avenue:
Location 1: The area located on the south bank of the Chicago River east of the Michigan Avenue Bridge, as set forth in the license agreement for such location;
Location 2: The area located on the north bank of the Chicago River west of the Michigan Avenue Bridge and the dock at Rush Street, as set forth in the license agreement for such location;
(3) all revenues received by the city from any sponsorship agreement, regardless of nomenclature, executed pursuant to section 2-32-055 for the sponsorship of events, programs and initiatives within the Chicago Riverwalk;
(4) all revenues received by the city from any grant, contract or other agreement, regardless of nomenclature, for naming rights with respect to all or any portion of the Chicago Riverwalk;
(5) all revenues received by the city from any lease agreement, regardless of nomenclature, executed for the rental of indoor and outdoor retail space within the Chicago Riverwalk;
(6) all revenues received by the city from any concession agreement, regardless of nomenclature, executed for food, beverages, goods and services within the Chicago Riverwalk;
(7) all revenues received by the city from any use agreement, regardless of nomenclature, executed for the temporary use of space and facilities within the Chicago Riverwalk or for the temporary use of city- owned docks and slips immediately adjacent to the Chicago Riverwalk; and
(8) all revenues received by the city from meters or similar devices installed, operated and maintained for docking or mooring boats and similar vessels at city-owned docks and city-owned slips immediately adjacent to the Chicago Riverwalk.
(c) The requirements of this section shall apply regardless of whether the agreement or activity authorized in connection with the Chicago Riverwalk is entered into by authorized officers of the city or by a designee, agent or contractor approved for such purpose by the city council.
(d) The budget director, in consultation with the chief financial officer, is authorized, at his or her discretion, to place additional legally available revenues, from sources other than those identified in items (1) through (8), inclusive, of subsection (b) of this section, in the single fund required to be designated under subsection (b).
(e) The requirements of this section shall remain in effect until such time that the TIFIA Bond(s), as defined in the 2013 Series Ordinance, is paid in full or is defeased pursuant to the General Ordinance. At such time, the budget director, in consultation with the comptroller, shall determine whether, and in what amount, any or all of the revenues identified in items (1) through (8), inclusive, of subsection (b) of this section shall be placed in the corporate fund or in an appropriate fund(s) designated by the budget director, in consultation with the comptroller, to be used for operation of the Chicago Riverwalk, including (i) operating costs, (ii) routine maintenance and repairs; (iii) programming; and (iv) improvements (other than routine maintenance and repairs) approved by the city council.
(Added Coun. J. 3-13-13, p. 47545, § 1001; Amend Coun. J. 4-15-15, p. 106578, § 3; Amend Coun. J. 10-28-15, p. 11951, Art. X, § 3)