In addition to the deposit of moneys and investments to the Unvoted Tax Supported Obligations Account required by subsection (b) 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 Unvoted Tax Supported 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 Unvoted Tax Supported Obligations Account, which warrant shall represent the portion of such distribution or advance allocable to levies within the ten-mill limitation for payment of debt charges on Unvoted Tax Supported Obligations.
(b) The Sinking Fund Commission shall deposit or cause to be deposited with the Escrow Agent for the credit of the Unvoted Tax Supported Obligations Account such revenues, other than Self-Supporting Revenues and revenues derived from levies of ad valorem property taxes, which are to be applied to the payment of debt charges on Unvoted Tax Supported Obligations pursuant to ordinances providing for the issuance or securing of bonds or notes, tax budgets, appropriation measures, or law.
(Ord. No. 1748-80. Passed 10-8-80, eff. 10-8-80)