(a) There is hereby created a fund to be known as the Municipal Building Construction Fund. All funds appropriated by Council from the General Fund and all funds received as the result of the sale of notes or bonds earmarked for the financing of the construction and/or equipping of the Hunting Valley Village Municipal Building, to the extent provided in the Ordinance authorizing such notes or bonds, together with other funds appropriated by Council for the construction and/or equipping of the Hunting Valley Village Municipal Building shall be paid into the Municipal Building Construction Fund. The Finance Director shall make payment from such funds upon the presentation of vouchers or orders by proper Village officials in accordance with law. Such disbursements shall be made for the purpose of the construction and/or equipping of the Hunting Valley Village Municipal Building.
(b) The Finance Director is hereby authorized and directed to make application to the Bureau of Inspection of the State of Ohio for approval of the creation of the Municipal Building Construction Fund pursuant to the provisions of Ohio R.C. 5705.12.
(Ord. 2001-106. Passed 2-13-01.)