[Adopted 12-27-1973 (Ch. 1, Part 5B, of the 1997 Code of Ordinances)]
The investment, from time to time, of excess funds in the general
fund is hereby authorized; said investments to be made from time to
time in United States Treasury Bills or in savings accounts or share
accounts of institutions secured by the Federal Deposit Insurance
Corporation or the Federal Savings and Loan Insurance Corporation.
[Amended 7-9-1979 by Ord. No. 1946; 12-12-1988 by Ord. No. 1491]
The actual investment of the excess funds, from time to time, and the withdrawal or sale of those funds and investments shall be made upon decision of the City Manager or any other officer designated by the Manager and approved by Council under §
C-42C of the Home Rule Charter.
[Adopted 10-16-1975 by Ord. No. 1093 (Ch. 1, Part 5A, of the
1997 Code of Ordinances)]
There is hereby established a special fund to be known as the
"Parking Revenue Fund." This fund shall be administered as hereinafter
provided.
[Amended 12-12-1988 by Ord. No. 1491; 6-19-2017 by Ord. No. 1893]
All monies collected from the parking facilities currently owned
or hereafter acquired by the City of Warren from off-street or on-street
parking facilities shall be placed in the Parking Revenue Fund.
[Amended 12-12-1988 by Ord. No. 1491; 6-19-2017 by Ord. No. 1893]
Monies in the Parking Revenue Fund, both principal and interest,
shall be spent for the following purposes:
A. For capital improvements, maintenance, and repair of all City parking
facilities, both off-street and on-street.
B. The cost of enforcement of the regulation of all said facilities.
C. The payment toward indebtedness incurred by the City in connection
with off-street and on-street parking facilities, all capital improvements
at any time made with regard to said parking facilities, maintenance
and operation of said parking facilities and the administration thereof,
and the acquisition of new off-street parking facilities and equipment
to meter additional on-street parking spaces.
D. All excess monies in the Parking Revenue Fund shall be invested in
the same manner as other City funds are invested.
[Amended 12-12-1978 by Ord. No. 1491]
The Parking Revenue Fund shall be administered by the City Manager,
subject to the control of Council.