(A) Creation. The Silverton Block Watch Association Agency Fund is hereby created as an agency fund in the City of Silverton. Any interested income derived from monies in such fund shall be allocated and credited to the Fund.
(B) Administration. The City Manager is hereby authorized to establish appropriate procedures for assisting the Silverton Block Watch Association pertaining to purchase orders, expenditures, revenues, and any other financial assistance deemed necessary.
(C) Transfer upon cessation. Should the Silverton Block Watch Association functions ever cease to exist in the opinion of the City Manager, the monies then held in the Silverton Block Watch Association Agency Fund may be transferred and used according to law.
(Ord. 06-3226, passed 9-5-06)