Establishment of the RDC Discretionary Fund. The city’s fiscal officer shall be authorized to establish a fund for the deposit of proceeds from the sale of real property owned by the New Haven Redevelopment Commission located at approximately 7300 Lincoln Highway East, Fort Wayne, Indiana 46803. This fund shall be designated Fund No. 2501. The purpose of the fund will be to hold monies resulting from the sale of real property owned and sold by the New Haven Redevelopment Commission as described herein, and the New Haven Redevelopment Commission shall have the sole authority and discretion to spend the monies deposited into the Fund.
(Ord. G-22-17, passed 7-5-2022)