(A) Pursuant to the authority of R.C. § 5747.53, the following alternative method for the apportionment of the undivided Local Government Fund for the county is hereby approved.
(1) This fund shall be apportioned among the various subdivisions as follows:
(a) To the county, 33.5%.
(b) To the township, 12%.
(c) To the municipal corporations, 53.5%.
(d) To the county park district, 1.0%.
(2) The part of the fund allocated to the townships shall be divided among them in 12 equal shares.
(3) Out of the fund allocated to the municipal corporations, the first $100,000 of the municipal corporation apportionment shall be allocated in the following manner to the following municipal corporations:
(a) Bradford, $10,000.
(b) Casstown, $8,000.
(c) Covington, $10,000.
(d) Fletcher, $8,000.
(e) Laura, $8,000.
(f) Ludlow Falls, $8,000.
(g) Piqua, $10,000
(h) Pleasant Hill, $10,000.
(i) Potsdam, $8,000.
(j) Tipp City, $10,000.
(k) Troy, $0.
(l) West Milton, $10,000.
(4) From the balance of the fund remaining to the municipal corporations, after the subtraction and division of the first $100,000, 50% of such remaining fund shall be divided proportionately among the municipal corporations on the basis of the most recent census population and 50% shall be divided proportionately among the municipal corporations on the basis of current tax duplicate valuation.
(B) This alternative method of apportionment shall be the intent and desire of the City Council for the apportionment of the undivided Local Government Fund for the year 1986, and each year thereafter unless revised, amended, or repealed in the same manner as it has been adopted and approved.
(1974 Code, § 39.03) (Res. 13-85, passed 5-6-1985)