Sec. 111.150. - LaVilla Cultural, Historical and Heritage District Trust Fund.

There is created within the General Trust and Agency Fund a permanent revolving Trust Fund account to be known as the LaVilla Cultural, Historical and Heritage District Trust Fund hereinafter called the Fund . Revenues received by the City from the operation of the lease agreement for redevelopment of land between the City of Jacksonville and the Jacksonville Downtown Development Authority and the Jacksonville Urban League, Inc. shall be maintained in a separate sub-activity account within the trust fund titled Ritz Historic District-Urban League. Revenues consisting of all donations and contributions of money, including gifts and grants, received for use in connection with such property or monies appropriated to this account shall also be deposited in this sub-activity. Such amounts shall be used for the maintenance, beautification, modification or for other purposes in connection with the property leased to the Jacksonville Urban League, Inc. and/or expenditure for improvements within the LaVilla Cultural, Historical and Heritage District as defined and depicted in Exhibit D of Ordinance 95-42-202. Contributions and donations received by the City from governmental entities, corporations, foundations, partnerships, individuals or any legal entity for use in connection with the "Ritz Theatre & LaVilla Museum" shall be deposited and maintained in a separate sub activity within the trust fund titled LaVilla Cultural, Historical and Heritage District. Such amounts shall be used for improvements, support of operations, maintenance, beautification and modification or for other purposes in connection with the Ritz Theatre & LaVilla Museum. All sums placed into the fund with interest thereon, are hereby appropriated for the purposes of this trust fund. The Director of Finance and Administration or his designee is authorized and directed to make disbursements from the fund upon receipt of a copy of a resolution by the LaVilla Cultural and Heritage Association (created pursuant to Executive Order 98-213) or a resolution by the Ritz Theatre & LaVilla Museum Board of Directors (created pursuant to Executive Order 03-04) approving said expenditure and a written requisition by the Chief Administrative Officer or his designee subject to availability of funds in this fund. Nothing in this Section shall prohibit or otherwise limit any appropriation which may be made by the Council for use in connection with the LaVilla Cultural, Historical and Heritage District and/or the Ritz Theatre & LaVilla Museum. Monies in this fund, interest accrued thereon, authorized expenditures and disbursements (including amounts requiring specific approval by the Council) shall not lapse as of the end of any fiscal year and shall remain available for expenditure pursuant to the provisions of this fund. (Ord. 96-632-387, § 2; Ord. 96-609-452, § 11.10; Ord. 1999-189-E, § 1; Ord. 2003-682-E, § 1; Ord. 2006-422-E, § 86; Ord. 2016-140-E , § 16) Editor's note— Ordinance 2007-839-E, § 18, authorized updated department/division names pursuant to reorganization. Note— Former § 110.413 and 110.384.