Council hereby authorizes the City Treasurer to deposit all Tax Increment Revenues received from the City into a Tax Increment Fund to be created for such purposes by the Redevelopment Authority. The City Treasurer is hereby authorized and directed to pay all tax increment revenues to the Tax Increment Fund created for the benefit of the District and directed and maintained by the Authority. The City Treasurer is also authorized to accept or deposit into the Tax Increment Fund any other gifts, appropriations, grants, loan or other revenues to be applied to the District for the purposes of the Project.
(Ord. 22-1993 Sec. 1. Passed 8-24-93.)