Sec. 111.555. - Florida Theatre Maintenance Trust Fund.

There is hereby established a special fund within the City's accounts, to be known as the "Florida Theatre Maintenance Trust Fund," into which shall be deposited the rent collected net of expenses for the rental of the Florida Theatre offices. The funds shall be used exclusively to fund the maintenance and capital improvements of Florida Theatre building. Said funds may either be utilized directly for the funding of maintenance, or capital outlays, or used as a committed revenue source for the bonding of the above described costs. All sums placed into the fund shall thereafter be appropriated by the City Council in accordance with this section. Any undistributed funds shall not lapse at the close of any fiscal year, but instead shall carry over to the next fiscal year. (Ord. 2014-92-E , § 7, 4-22-14) Editor's note— Ord. 2014-92-E , § 7, amended the Code by adding new provisions to be numbered 111.550. In order to prevent the duplication of section numbers, the section has been renumbered as 111.555 at the direction of the City.