In addition to the deposit of moneys and investments to the Voted Obligations Account required by subsections (a) and (c) of Section 179.04, the Sinking Fund Commission shall deposit or cause to be deposited with the Escrow Agent revenues to be credited to the Voted Obligations Account as follows:
(a) The Sinking Fund Commission shall instruct the County Auditor of Cuyahoga County that, upon each distribution or advance of ad valorem property taxes to the City (including payments pursuant to RC 321.24(F) and 323.156), the County Auditor shall issue a separate warrant to the Escrow Agent to be credited to the Voted Obligations Account, which warrant shall represent the portion of such distribution or advance allocable to levies outside the ten-mill limitation for payment of debt charges on Voted Obligations.
(b) The Sinking Fund Commission shall deposit or cause to be deposited with the Escrow Agent for the credit of the Voted Obligations Account, such revenues (including Self-Supporting Revenues), other than revenues derived from levies of ad valorem property taxes, which are to be applied to the payment of debt charges on Voted Obligations pursuant to ordinances providing for the issuance or securing of Voted Obligations, tax budgets, appropriation measures, or law; provided, however, that the Sinking Fund Commission shall deposit or cause to be deposited with the Escrow Agent such Self-Supporting Revenues for the credit of the Voted Obligations Account only if and to the extent available after application of the Self- Supporting Revenues of an Enterprise to the payment of all debt charges on unvoted general obligations issued for such Enterprise by deposit thereof with the Escrow Agent for the credit of the Unvoted Self- Supporting Obligations Account.
(Ord. No. 1748-80. Passed 10-8-80, eff. 10-8-80)