To provide for more reliable funding of economic development projects, programs, and services in the city, there is hereby established the Covington Economic Development Program Fund. On an annual basis, the net proceeds of leased facilities of the city shall be deposited into the General Fund, and a like amount shall be transferred to the Covington Economic Development Program Fund to assist the city with its economic development projects, programs, and services
(1984 Code, § 42.08) (Ord. O-05-19, passed 3-12-2019)