There is hereby created a new fund in the accounting system of the city of Fife to be known as the park acquisition and development fund.
(Ord. 1285 § 1, 1997)
This fund shall be used to accrue funds and expend them for the purpose of purchasing properties to be used for parks and for the development of those parks.
(Ord. 1285 § 2, 1997)
There shall be placed into the park acquisition and development fund all moneys received from grants for park development and acquisition, such moneys as the city council may designate in the annual budget from time to time, and all moneys received by the city from the lease agreement entered into by and between the city of Fife and GTE Mobilnet Incorporated dated the thirtieth day of June, 1997.
(Ord. 1285 § 3, 1997; Ord. 1777 § 1 (Exh. A), 2012)