There shall be levied an additional tax for the benefit of The City of Springfield, Ohio, at a rate of three (3) mills for each one dollar ($1.00) of valuation, which amounts to thirty cents ($0.30) for each one hundred dollars ($100.00) of valuation, which shall be for the specific purpose of hiring, training, maintaining and supporting twenty-four (24) additional sworn, full-time police officers within the Springfield Police Division.
   The Levy shall remain in effect for a period of five (5) years upon the approval by a majority of the electors voting thereon and shall be renewable in five (5) year increments by a majority of the electors voting thereon, and shall commence in tax year 1990, first half.
   The City shall have accomplished the hiring of these additional police officers specified herein no later than December 31st, 1992. After December 31st, 1992, and for the duration of this assessment, the Springfield Police Division shall consist of no fewer than one hundred and twenty-four (124) full-time sworn police officers, and a minimum of six (6) such officers shall be assigned to the narcotics unit. Only a person who is pursuing, or who has successfully completed, an appropriate police officer training program approved and established pursuant to state law, shall hold one of the one hundred and twenty-four (124) police officer positions stated herein.
   All monies generated by this assessment and received by the city of Springfield shall be placed in a separate interest-bearing fund, and any and all interest accrued remain in such fund. Any monies withdrawn from this fund by The City of Springfield shall be used only for the specific purposes stated herein, namely: hiring, training, maintaining, and supporting twenty-four (24) additional sworn full-time police officers within the Springfield Police Division.
   The foregoing provision shall become effective and a part of the Charter of The City of Springfield on the thirtieth (30th) day after approval by a majority of the electors voting thereon.
(Enacted 5-8-90, Ord. No. 90-131, Yeas 6,264; Nays 4,791.)