DIVISION 2. PARKS AND RECREATION ENDOWMENT FUND

§ 18-13 CREATED.

   (a)   There is hereby created the Parks and Recreation Endowment Fund which shall be used solely for the purpose of improving and maintaining the public parks within the City of Flint. Interest earnings only may be expended for the purposes designated herein.

   (b)   The monies to be deposited in the endowment fund shall be derived from the proceeds of the sale of the areas commonly known as Oak Park and the City owned lands bordering on the Kearsley Lake Golf Course, as approved by the electorate of the City of Flint on November 8, 1984, and such other funds as may be donated to the City for such purposes or appropriated by the City Council from time to time to this fund.

   (c)   The Flint Public Trust shall be designated as the custodial trustee of the funds and shall administer the funds in accordance with such trust agreement as shall be entered into between the City of Flint and the custodial trustee.

(Ord. 2956, passed 6-10-1985)

Cross-reference:

   Parks, see Ch. 33

§ 18-14 ADVISORY BOARD CREATED; MEMBERSHIP; TERMS; COMPENSATION.

   There is hereby created the Endowment Fund Advisory Board which shall consist of eleven (11) representative community members, at least one (1) from each of the nine (9) wards of the City, but no more than two (2) from any one (1) ward and who shall be appointed by the Mayor, with the concurrence of the City Council.

   Members of the Board shall have attained the age of eighteen (18) years and shall be residents of the City of Flint. Members shall serve for a term of three (3) years; except that, of the members first appointed four (4) members shall be appointed to four-year terms, four (4) members shall be appointed to three (3) year terms, and three (3) members shall be appointed to two (2) year terms. In the event of a vacancy on the Board, interim appointments shall be made by the Mayor within thirty (30) days of the vacancy to complete the unexpired term of such position. Members of the Board shall serve without compensation or remuneration of any sort for their service on the Board.

(Ord. 2956, passed 6-10-1985; Ord. 3127, passed 2-26-1990)

§ 18-15 DUTIES OF ADVISORY BOARD WITH REGARD TO USE AND EXPENDITURE OF ENDOWMENT FUNDS.

   The Endowment Funds Advisory Board shall advise the Director of the Department of Parks and Recreation in establishing priorities for the use and expenditure of available endowment funds for the purpose of improving and maintaining the City of Flint Parks. All expenditures shall be subject to final approval by the City Council.

(Ord. 2956, passed 6-10-1985)

§§ 18-16, 18-17 RESERVED.

ARTICLE IV. PURCHASES

§ 18-18 SHORT TITLE.

   This ordinance shall be known and may be cited as the “Purchasing Ordinance of the City of Flint.”

(Ord. 2553, passed 4-12-1976)