(A) The funds collected from the tax provided for in division (A)(1) of Section 197.012 shall be allocated, deposited and used as follows: 10% of the funds shall be allocated for capital improvements and related debt service charges on bonds and notes issued for capital improvements, deposited in the Capital Improvements Fund and used for that purpose, as determined and directed by the Council, and 90% of the funds shall be allocated for general municipal operations, maintenance, new equipment, extension and enlargement of municipal services and facilities, and capital improvements including the payment of debt service charges on bonds and notes issued for that purpose, deposited in the General Fund and used for those purposes, all as determined and directed by Council.
(B) The funds collected from the tax provided for in division (A)(2) of Section 197.012 shall be allocated, deposited in a special fund and used to pay (A) costs, excluding wages, salaries and benefits of City officers and employees, of (i) maintaining, repairing and improving public streets by constructing, reconstructing and rehabilitating the pavement base, bridges, curbs, drainage improvements, driveway approaches and pedestrian ramps, preparing the surface and surfacing and resurfacing, and installing traffic signals and signalization, and (ii) acquiring equipment required for such maintenance, repair and improvements, and (B) debt service charges on notes or bonds of the City issued for those purposes, as determined and directed by the Council. (Ord. 18-2. Passed 6-4-18.)