Sec. 714.117. - Limitations on City contribution.

Notwithstanding anything to the contrary, the City shall not be obligated to contribute any portion of its funds to offset Costs of Improvements where such funds are derived from ad valorem tax revenues and accordingly any pledge or promise of contribution by the City shall be contingent on the City's ability to derive such funds from other than ad valorem tax revenue and therefore no contribution shall be construed as a pledge of the full faith and credit of the City. Further, the City shall not be obligated to make a contribution where adequate revenues for such purposes are not budgeted or appropriated for such purposes. (Ord. 2005-157-E, § 3)