(A) The Neighborhood Stabilization Fund (220) is hereby established for the purpose of holding and expending funds to be used by for the city’s Neighborhood Stabilization Program.
(B) The Clerk-Treasurer is hereby authorized to deposit grant funds received under Title III of Division B of the Housing and Economic Recovery Act, 2008 (HERA) (Public Law 110-289) into the newly created Neighborhood Stabilization Fund 220.
(C) These funds shall be spent when necessary with the approval of City Council.
(Ord. 4-2011, passed 1-24-11; Am. Ord. 24-2014, passed 11-17-14)