The funds collected under the provisions of this chapter shall be disbursed in the following manner:
(a) First, such part thereof as shall be necessary to defray all expenses of collecting the tax and of administering and enforcing the provisions of this chapter shall be paid.
(b) Second, one-sixth of the balance remaining which is attributable to the Base Tax, as defined in Section 880.03, after payment of the expenses referred to in subsection (a) hereof shall be deposited in the Street Construction, Maintenance and Repair Fund to pay costs of street construction, maintenance and repair, including debt service charges on bonds and notes issued to pay costs of those capital improvements.
(c) Third, all of the balance remaining which is attributable to the Additional Tax, as defined in Section 880.03, after payment of the expenses referred to in subsection (a) hereof shall be placed in a special fund or funds and used only for general municipal functions of the City of Strongsville including capital improvements to the street and storm drainage systems, the operation of, hiring additional personnel in, and capital improvements for, the Police, Fire and Emergency Medical Service departments, constructing, furnishing and equipping a Recreation and Senior Multi- Purpose Complex, and paying debt charges on securities of the City issued to pay costs of capital improvements.
(d) The balance remaining after payment of the expenses referred to in subsection (a) hereof and the payments referred to in subsections (b) and (c) hereof shall be deposited in the General Fund for municipal purposes.
(Ord. 2005-101. Passed 5-16-05.)