(A) The sales proceeds shall be deposited into a special fund of the city hereby created and designated as 1-69 Economic Development Area Special Construction Fund.
(B) All sales proceeds deposited into the 1-69 Economic Development Area Special Construction Fund, together with all investment earnings thereon, are hereby appropriated for the purpose of providing funds to be applied to the cost of the road projects identified in the Economic Development Plan, I-69 Economic Development Area dated June 11, 2001 which was approved by the Town Council on June 18, 2001 and is incorporated herein by reference.
(C) Such appropriation is in addition to all appropriations provided for in the existing budget and levy, and shall continue in effect until the completion of the activities described in division (B).
(D) The Controller is hereby authorized and directed to certify and report this appropriation to the Indiana State Board of Tax Commissioners as required by law.
(Ord. 030402, passed 3-4-02; Am. Ord. 091514A, passed 11-17-14)