(A) A non-reverting fund is hereby established in the city, entitled Neighborhood Revitalization and Abatement Non-Reverting Fund.
(B) The City Council may, in its discretion, appropriate funds to the Neighborhood Revitalization and Abatement Non-Reverting Fund.
(C) Revenue and donations collected by the city activities related to the sale of tax sale properties are to be deposited in the Neighborhood Revitalization and Abatement Non-Reverting Fund.
(D) The Neighborhood Revitalization and Abatement Non-Reverting Fund shall be used in a manner determined by the City Council for expenses associated with the city's removal, abatement, acquiring and disposing of properties and revitalization and redevelopment of properties in the city.
(Ord. 2010-17, passed 9-20-10)