Chapter 3.84
DOWNTOWN BUSINESS IMPROVEMENT AREA FUND

Sections:

3.84.010    Fund created.

3.84.020    Purposes – Expenditures.

3.84.030    Unexpended funds.

3.84.010 Fund created.

A special revenue fund to be known as the “downtown business improvement area fund” is established for the purpose of receiving and expending special assessment moneys approved by the City Council on May 3, 1988. All proceeds generated by the special assessments imposed by the city upon businesses within the improvement area shall be deposited into the downtown business improvement area fund. (Ord. 1534 § 1 (part), 1989).

3.84.020 Purposes – Expenditures.

Expenditures from the fund shall be for the Redmond downtown business improvement area as authorized by RCW 35.87A.030. (Ord. 1534 § 1 (part), 1989).

3.84.030 Unexpended funds.

Any unexpended funds remaining in the downtown business improvement area fund at the end of any budget year shall not be transferred to the general fund or otherwise lapse, rather said unexpended funds shall be carried forward from year to year until expended for the purposes set forth in Section 3.84.020, unless otherwise directed by ordinance of the City Council. (Ord. 1534 § 1 (part), 1989).