(A) Establishment. A HSA TIF Bond Fund is hereby established for the purpose of receiving tax increment financing distribution.
(B) Deposit of funds. The Clerk-Treasurer shall deposit all money collected from the Lake County Auditor into the HSA TIF Bond Fund.
(C) Use of funds. HSA TIF Bond Fund shall be used for payment of debt financing of project.
(Ord. 2014-28, passed 12-22-14)