(a) There is hereby established a special fund to be known as the Capital Projects Fund. Council may appropriate local matching funds for all lawful and proper expenditures by the City from such fund, including, but not limited to, all local projects authorized and funded by the Ohio Public Works Commission. All funds received from the State or the County earmarked for the Capital Projects Fund shall be placed by the Director of Finance into such fund.
(b) The Director of Finance is hereby authorized to make payments from the Capital Projects Fund upon the presentation of proper charges, billings or vouchers. However, no single disbursement in excess of ten thousand dollars ($10,000) shall be paid from such fund without the prior approval of a majority of the members of Council.
(c) The Director of Finance is hereby authorized and directed to give notice of the creation of the Capital Projects Fund to the Ohio Bureau of Public Inspection.
(Ord. 89-42. Passed 10-3-89.)