§ 7-1305. AREA FUND. PURPOSES. COMMITTEE.

(a)  Purposes. The purposes for which the taxes imposed and collected pursuant to this article shall be used are as established by the ordinance establishing a particular Business Improvement Area and are limited to any one or more of the following:

(1) Decoration of any public place in the particular Area;

(2) Promotion of public events which are to take place in the Area.

(3) The general promotion of retail trade activities in the Area.

(b)  Fund. There is hereby established, for each of such Business Improvement Areas, a special fund designated as "Business Improvement Area No. _____ Fund" into which shall be placed all revenues derived from taxes and contributions under this article for the benefit of the particular Business Improvement Area, and such fund shall be used only for the purposes specified above, in the manner provided in the budget approved therefor by the Council.

(c)  Budget. The Council shall annually approve a budget to include an estimate of expenditures to be made from the particular Business Improvement Area fund to carry out the purposes hereinabove enumerated.

(d)  Who May Operate. The Council shall designate, in the resolution or ordinance approving said budget, that the city, in whole or in part, or any private person or private organization, in whole or in part, may receive and expend the funds as provided in said budget, provided there is a proper accounting for such expenditures, conducted to the satisfaction of the Controller.

(e)  Committee. For the purpose of drafting a proposed budget and consulting with and advising the Council thereon and making recommendations on the operation and extent of the Business Improvement Area and the methods and ways in which the area funds might be used within the scope of the purposes set forth above, and for performing such other powers and duties as the Council may determine, a "Business Improvement Area Number _____ Advisory Committee" is hereby established for each Business Improvement Area, the composition of the committee to be established in the ordinance of the Council establishing the particular Business Improvement Area. The members of the committee may be designated in said ordinance, in a resolution, or by Council order, as may be from time to time necessary to fill vacancies. (Added Ord. 71-123, 1972; Am. Ord. 77-28, § 1, eff. 4-17-77).