If all efforts by the Historic District Commission to preserve a historic structure fail, or if it is determined that public ownership is most suitable, the City Council, if deemed to be in the public interest, may acquire such property using public funds, gifts for historical purposes, grants from the State or Federal Government for acquisitions of historic properties, or proceeds from revenue bonds issued for historical preservation purposes. Such acquisitions shall be based on the recommendation of the Historic District Commission. The Commission shall have responsibility for the maintenance of publicly owned historic structures using its own funds, if not specifically earmarked for other purposes, or those public funds committed for this use by the City, if so authorized by the City Council.
(Ord. 154. Passed 8-14-84.)