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(A) An account is established for the deposit of monies for disaster mitigation. The monies for this fund will come from reimbursements from Federal Emergency Management Administration (FEMA), Department of Homeland Security, and Lilly Endowment through the Jefferson County United Way.
(B) The account shall be named the Disaster Mitigation Fund, and all funds contained in the account shall be expended for reimbursing monies spent by the city for disaster mitigation, including property repair and employee overtime paid.
(C) The express and written approval of the Board of Public Works and Safety shall be obtained prior to the expenditure of funds from the account.
(D) The account shall be nonreverting. If it is terminated by a subsequent ordinance enacted by the Common Council, the remaining balance of the terminated account shall revert to the general budget of the Common Council.
(Ord. 2008-16, passed 10-21-08)