(A) There is established within the City of Mount Vernon the Hagemann Park Fund; the monies in said fund shall be used for expenses and improvements to Hagemann Park. Farm income generated from Hagemann Park real estate shall be deposited into this fund. This fund shall be a non-reverting fund. Deposits into and payments from the Hagemann Park Fund shall be in accordance with procedures approved by the State Board of Accounts. By establishing this fund, the Council does not anticipate that said fund will be the exclusive source of funds available for improvements to Hagemann Park.
(B) This fund shall continue until terminated by resolution.
(Res. 2023-27, passed 11-15-23)