(A) There is hereby established in the city a fund known as the “Library Improvement Fund,” which shall be a depository for in-lieu fees paid pursuant to this chapter and for library-improvement related monetary donations to the city.
(B) The Library Improvement Fund shall be maintained by the Director of Finance and shall be utilized only to acquire, construct or make capital improvements to the Monrovia public library facilities.
(Ord. 2005-06 § 1, 2005)