A. Budget: The Council may annually approve a budget to include an estimate of expenditures to be made to carry out the purposes of the downtown business improvement area of the City.
B. Disposition Of Assessment Revenue: The revenues received from the levy of business assessments imposed by this chapter and all voluntary contributions shall be deposited in the Downtown Business Improvement Fund created by subsection D of this section.
C. Use Of Assessment Revenue: The uses to which the revenues received by the business assessments imposed by this chapter and all voluntary contributions are to be put are as follows:
1. The acquisition, construction, installation or maintenance of parking facilities, benches, trash receptacles, street lighting, decorations, parks and fountains for the benefit of the area.
2. Decoration of any public place in the area.
3. Promotion of public events which are to take place on or in public places in the area.
4. Furnishing of music in any public place in the area.
5. The general promotion of activities which benefit business located in the area.
6. Promotion of tourism within the area.
D. Downtown Business Improvement Fund:
1. Fund Established: There is hereby established in the City, to be designated as the Downtown Business Improvement Fund, a fund to be used for the purposes enumerated herein.
2. Use Of Fund: All revenues deposited in the Downtown Business Improvement Fund shall be used for the following purposes:
a. The acquisition, construction, installation or maintenance of parking facilities, benches, trash receptacles, street lighting, decorations, parks and fountains for the benefit of the area.
b. Decoration of any public place in the area.
c. Promotion of public events which are to take place on or in public places in the area.
d. Furnishing of music in any public place in the area.
e. The general promotion of activities which benefit business located in the area.
f. Promotion of tourism within the area. (Ord. 9502, 2-21-1995)