Chapter 12.40 DOWNTOWN PARKING AND BUSINESS IMPROVEMENT DISTRICT
Section 12.40.100 Voluntary contributions.
In the event the city contracts with a corporation to administer
the funds collected under this
chapter, any funds collected by voluntary contributions by such corporation from whatever
source, shall not be subject to an accounting to the city; provided, however, that in any budget
presented to the city for the approval of the project, the corporation shall in such budget set out
the amount of funds proposed to be used, derived from any source, i.e., tax sources, license tax
sources or voluntary contributions, in order that the city council may appropriately determine the
feasibility of the project and the ability of the corporation to finance it. (Ord. 450 § 2 (part),
1990: prior code § 6A-9)