During the period of time that the tax levied by this subchapter is collected, Council shall appropriate annually from other municipal tax sources a sum not less than equal to the tax moneys derived from this chapter for park and recreational development which may include funds appropriated for park and recreation capital improvements. The Auditor is directed to create a Recreation Tax Fund and is further directed at the close of each year that the recreation tax herein is collected, to transfer to the Recreation Tax Fund from General Fund money a sum of money equal to the amount of money collected from the recreation tax after first deducting any other park and recreation expenditures made from General Fund money. It is the intention of Council that during each year that the recreation tax is in force that an amount equal to the tax moneys received from the recreation tax shall be irrevocably committed to park and recreation purposes from other municipal tax sources of the city.
(Ord. 99-95, passed 10-17-95; Am. Ord. 05-067, passed 6-7-05)