Sec. 111.113. - A.C. Skinner Parkway Park Trust Fund.

There is hereby created the A.C. Skinner Parkway Park Trust Fund, a permanent, ongoing trust fund of the City, which shall carry forward each fiscal year. The fund is authorized to accept gifts, fees and other donations. Monies deposited in the fund, together with any interest accrued thereon, shall carry over fiscal years to be used for the purpose of financing capital improvements to the A.C. Skinner Parkway Park as conceptually framed in the Development Agreement for the A.C. Skinner Parcel C Park Improvements, authorized in Ordinance 2021-497-E. Funds up to the amount of $1,000,000 are hereby appropriated without the need for further action by Council, and the Director of Finance, or his/her designee, is authorized and directed to make disbursements from the fund upon written requisition of the Director of Recreation and Community Services and the District Council Member. (Ord. 2021-497-E , § 3)