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There is hereby created and established within the Treasury of the City of Thousand Oaks a fund to be known as the “Affordable Housing Trust Fund” (Fund) for the purposes of receiving and disbursing monies to address the housing needs of very low, lower, and moderate income households within the City of Thousand Oaks. This Special Revenue Fund shall be separate from all other monies held by the City.
(§ 1, Ord. 1506-NS, eff. October 9, 2008)