All monies received and collected on behalf of the city pursuant to this chapter shall be used for the purpose of land acquisition, architectural fees, construction costs, payments for civic center, auditorium, or athletic facility buildings, including the maintenance, staffing, and operation of such facilities and the promotion and advertising of the city, its facilities, attractions, and activities.
Subject to the obligation of the city to apply revenues collected pursuant to this tax to the payment of principal and interest or other authorized charges in respect to revenue bonds issued by the city to be repaid with the revenues from this tax, whether or not such bonds are outstanding at the time of the enactment of this provision, all revenue received and collected by this tax on behalf of the city of Mitchell pursuant to this chapter shall be appropriated by the city council on an annual basis. (Ord. 2547, 8-1-2016)