[Adopted 3-17-2009 by Ord. No. 181]
A fund within the system of accounts for the City, entitled the "Emergency Harbor Dredging Fund," is hereby established.
The purpose of this fund is to provide money for the dredging of the federal channel of the New Buffalo Harbor, on an emergency basis and not to supplant the regular maintenance dredging performed by the United States Army Corps of Engineers.
Revenue for this fund shall be derived from the fee schedule in Section 7-17 and the annual contributions in Section 7-18.
The initial fee schedule shall be $1 from each daily public boat launch pass and $5 from each yearly public boat launch pass. This fee schedule may be altered by a resolution of the City Council, after receiving a recommendation from the Harbor Commission.
The initial annual contribution from each slip in the harbor shall be $10. This contribution amount may be altered by a resolution of the City Council, after receiving a recommendation from the Harbor Commission.
All revenues collected shall be deposited in the dedicated fund and shall be used for no other purpose than emergency harbor dredging of the federal channel.
Monies from the fund may be utilized for emergency dredging after the recommendation made by the Harbor Commission and approved by the City Council.
Upon recommendation by the Harbor Commission and approval by the City Council, collection of funds may be suspended for any one fiscal year and subsequently reinstated as the need arises.
Upon recommendation of the Harbor Commission, the City Council may discontinue the Emergency Harbor Dredging Fund. Upon discontinuation of the Fund as provided herein, any funds remaining in the Emergency Harbor Dredging Fund account shall be dispersed as follows:
A. 
Funds received from the City public boat launch facility as described in Section 7-17 shall be applied to the Park Fund; and
B. 
Funds received from boat slip contributions as described in Section 7-18 shall be refunded to each contributor.