(a) The Director of Finance is hereby authorized to establish a Special Revenue Fund titled Monsanto Company Settlement Fund, Fund No. 242, for accounting and compliance purposes.
(b) Expenditures in this new fund shall be used to cover costs incurred by the City of Willowick and for eligible uses as defined by the terms of the Monsanto Company Settlement and distribution agreements and/or guidance issued by any governmental agency associated therewith.
(Ord. 2023-26. Passed 6-6-23.)