(a) There is hereby established a depreciation reserve fund to be known as the Building and Lands Depreciation Reserve Fund under the provisions of Ohio R.C. 5705.12.
(b) Three percent (3%) of City Income Tax revenues shall be credited to such Fund annually and may be expended only by authorization of Council for the purchase, lease, maintenance, repair, renovation, or construction of Municipal buildings and lands, excluding park lands.
(Ord. 68-80. Passed 12-15-80.)
(Ord. 68-80. Passed 12-15-80.)