(A) The prices charged for sites shall include the necessary fee to provide for the perpetual care of sites sold. No sites shall be sold without perpetual care, and the portion of site charges to be set aside for perpetual care shall be $75 of the total site charge, effective October 6, 1998.
(B) Moneys collected for perpetual care shall be set aside in a separate bank account and subsequently invested in government bonds, or other types of investments approved by state statutes, or may, at the discretion of the City Commission, be temporarily borrowed by the city for public improvement projects, provided that the city pays a rate of interest on the money so borrowed at least equal to the prevailing bank rate. Only the income from the investment of perpetual care moneys may be spent.
(1993 Code, § 94.07) (Ord. 98-01, passed 9-21-1998)