Except as provided in Section 19.85.4, no City board, bureau or department of the City shall permit or cause work to be commenced on any public works capital improvement project prior to depositing the budget amount required by Section 19.85.1 into the “Arts and Cultural Facilities and Services Trust Fund” provided for in Section 5.115.4 of this Code (Trust Fund) and obtaining the approval of design and location of the structure required by Section 22.109 of this Code.
Prior to such deposit, any limitations or restrictions concerning the use of the funds which are imposed by law or agreements regulating the source of said funds (e.g. location, timing or purpose) shall be determined by the City Controller, and funds so limited or restricted shall be accounted for separately in the Trust Fund and shall not be expended in violation of any of such specified limitations or restrictions.
In the event of a change in the actual cost of constructing a public works capital improvement project, the change shall incorporate in the funds budgeted for that change a money amount equal to one percent (1%) of the total change. To the extent the change increases the cost of constructing the public works capital improvement project, the department, board or bureau administering the public works capital improvement project shall deposit one percent (1%) of such increased costs into the Trust Fund; to the extent it decreases the cost of constructing the public works capital improvement project, the administrator of the Trust Fund shall reimburse the department, board or bureau one percent (1%) of such decreased cost.
SECTION HISTORY
Added by Ord. No. 164,244, Eff. 1-15-89.