(A) To insure the future financial viability of the Fredonia Cemetery, the Town Council shall establish a cemetery perpetual care account within the town's general fund.
(B) The Town Clerk shall deposit into the cemetery perpetual care account a sum per square foot of each lot sold and a maximum percentage of the gross sale as outlined by A.R.S. § 32-2194.28, each of which are included in Schedule ‘A’, which is attached to Ord. 15-001 and incorporated herein by reference.
(C) The principal and any income of the cemetery perpetual care account shall be used solely for the care of plots sold with a provision for perpetual care and the care of such other portions of the cemetery immediately surrounding such plots as may be necessary to preserve the beauty and dignity of the plots sold. The cemetery perpetual care account shall never be used for the development, improvement or embellishment of unsold portions of the cemetery.
(D) A cemetery maintenance account within the town’s general fund shall also be established to provide for the maintenance and care of the cemetery. Such maintenance fund shall consist of all amounts received by the town in the form of fees, bequests, donations, grants or gifts of all kinds or property, in fee simple or otherwise, for the purpose of cemetery maintenance. In addition to the amounts received as described in the prior sentence, each year the Town Council shall determine any additional amounts, in its sole discretion, to be budgeted to the cemetery maintenance account.
(E) All amounts paid into or which becomes a part of the cemetery maintenance account may be invested or reinvested by the Town Council in accordance with A.R.S. § 38-348. In addition, any amounts in the cemetery maintenance account may be used for any shortfall of the cemetery perpetual care account for the purposes described in division (C) above.
(Ord. 15-001, passed 1-27-2015)