Establishment of the Destination New Haven Fund. The city’s fiscal officer shall be authorized to establish a special non-reverting fund for the deposit of proceeds from donations or grants accepted. This fund shall be designated Fund No. . The purpose of the fund will be to hold monies resulting from donations or grants accepted by the city to fund a hotel-retail study to foster economic development initiatives. All donations or grants received must be placed in the fund, and the monies deposited in the fund are to be used for expenditures related to study.
(Ord. G-22-28, passed 9-20-2022)