The money collected under this chapter shall be paid to the Treasurer of the City or his authorized agent. Said money shall be placed in a special revenue fund which is hereby created and which shall be known as the Park and Recreation Facilities Acquisition and Maintenance Fund. Moneys within this fund shall be used and expended solely for the acquisition, improvement, maintenance, rehabilitation, expansion or implementation of parks and recreational facilities reasonably related to serving residential neighborhoods by way of the purchase of necessary land, or, if the City Council deems that there is sufficient land available within a given neighborhood, then secondly said moneys shall be used for improving, maintaining and rehabilitating such land for park and recreational purposes.
(Ord. 1479, § 2 (part), 1989)