(A) An account is established for the deposit of monies for the Riverfront Development Fund. The monies for this fund will come from donations.
(B) The account shall be named the Riverfront Development Fund, and all funds contained in the account shall be expended only for the limited and exclusive purpose of the Riverfront Development Project.
(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. 2008-18, passed 11-18-08)