(A) The Council hereby establishes a fund to be known as the Infrastructure Improvement Fund which shall be funded by the utility sale proceeds and proceeds from the investment thereof to be used to fund the city’s infrastructure improvement program.
(B) The Council now recognizes the need to transfer such funds from the city’s General Fund into the city’s Infrastructure Improvement Fund and hereby authorizes and directs the transfer of funds and appropriations as indicated: from General Fund to infrastructure improvement fund, $46,566,737.42.
(Prior Code, § 2-551) (Ord. 14-14, passed 4-14-2014)