All moneys in the Park Improvement Fund shall be used as allocated by the Council of the City of Vermilion solely for the following purposes:
(a) Purchase of land and interests in land for recreational purposes;
(b) Development of parks and construction or improvement of buildings for recreational purposes;
(c) Acquisition and development of other varieties of open space for recreational purposes;
(d) Acquisition and development of bicycle trails, riding trails, and other types of trails for recreational use; and
(e) Acquisition and development of recreation facilities constructed or acquired after the passage of this chapter.
(Ord. 00-19. Passed 6-12-00.)