A.    The city council may contract with the Grass Valley Downtown Development Association, a nonprofit tax-exempt corporation, the purpose of which shall be to carry out the purposes for which the charges or assessments are levied and as provided in this chapter.

    B.    In the event such an agreement is made, it shall provide that the corporation shall present a budget of proposed expenditures and purposes to the city council for investigation as to the advisability and feasibility of the proposed expenditures and improvements, and upon approval of such budget request, the council shall allocate and direct payment of such amounts as it shall determine necessary to implement such approved uses.

    C.    The city council shall only use the funds collected under this chapter for purposes recommended by the advisory board. (Ord. 450 § 2 (part), 1990: prior code § 6A-10)