The City Council of the City of Johnstown hereby authorizes its Finance Officer to deposit all tax increment revenues received from the City, into a Tax Increment Fund to be created for such purposes by the Authority. The Finance Officer is hereby authorized and directed to pay over all tax increment revenues to the Tax Increment Fund created for the benefit of the District and directed, controlled and maintained by the Authority. The Finance Officer is also authorized to accept or deposit into the Tax Increment Fund any other gifts, appropriations, grants, loans or other revenues to be applied to the District for the purposes of the Project.
(Ord. 4670. Passed 7-13-94.)