§ 3.28.080. Establishment of funds.

The appropriate City staff shall receive and account for funds received from businesses taxed under this chapter. All revenues received from the off-street parking district shall be deposited in the appropriate special off-street parking fund and shall be expended as follows:

(1)

To pay the operating and maintenance costs, including necessary landscaping of Jacksonville's off-street parking facilities. Operating cost shall include the cost of administration of facilities and the cost of collecting and accounting for the receipts derived therefrom.

(2)

Any balance left over after the payment of all operating and maintenance costs shall then be deposited in a fund denominated as the General Off-Street Parking Fund, which General Off-Street Parking Fund is created. The moneys deposited in the General Off-Street Parking Fund shall be disbursed in accordance with the provisions of ORS 223.845.

(Code 1981, § 3.08.080; Ord. No. 212, 8-2-1977)