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(a) Establishment. There is hereby established a special, separate and permanent fund which shall be known and referred to as the Parking Fund. The Director of Finance is hereby authorized and directed forthwith to take such action to establish the Parking Fund and thereafter to show its existence and condition at all times upon the proper records of the City.
(b) Use of Revenues. There shall be paid directly into the Parking Fund, when and as received, all income from parking meters, EV stations, and mobility devices. The Parking Fund shall be used only to defray the expense of regulation of traffic upon the public streets of the City; to pay the cost of supervision, regulation and control of the parking of vehicles in parking meter zones; to pay the cost of leasing, purchasing, supervision, protection, inspection, installation, operation, maintenance, control and use of parking meters and EV stations; and to pay the cost, when authorized by resolution or ordinance of Council, of acquiring and developing public space related to the enhancement of EV stations, parking meters, electric scooters, and alternative forms of transportation.
(Ord. 49-2022. Passed 2-6-23.)
(a) The Director of Finance is hereby authorized and directed to establish a special trust fund to be known as the "Federal Revenue Sharing Fund” under the provisions of Ohio R.C. 5705.12.
(b) All moneys paid to the City under the State and Local Financial Assistance Act of 1972 shall be credited to such Fund and expended in accordance with the terms and provisions of such federal Act. (Ord. 68-72. Passed 11-20-72.)
Effective January 1, 1976, there shall be transferred semi-annually, on June 30 and December 31 of each year, from the Water Fund Account to the Water Capital Outlay and Depreciation Fund, an amount equal to fifty cents (50¢) per thousand cubic feet of water sold during each six month period. However, the amount so transferred shall be limited to the excess over one hundred thousand dollars ($100,000) in the Water Fund at the end of each six month period, and provided further that in the event the excess is not sufficient to permit the full transfer at the end of any six month period the deficiency shall be carried over and transferred in a subsequent six month period when the balance is sufficient.
Money in the Water Capital Outlay and Depreciation Fund shall be used for the purpose of contract rehabilitation work, enlargement or extension of the water works.
(Ord. 33-76. Passed 5-17-76.)
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