Ordinance 1977-569 - Laserfiche WebLink

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c/ service expansion fee collected, or twenty-five cents per square foot of floor area, shall be paid into a special and segregated fund for street improvement. The remaining one half of the service expan- sion fee shall be used to help defray the expenses of the building department and the general expenses of the city shall be deposited into the general fund of the city. 3.16.060 Disbursement of funds from the Street Improvement Fund. Any and all disbursements from the Street Improvement Fund shall be strictly limited to the repair or installation of sidewalks and curbs, street repair, street oVl3rlay and/or seal coating. The city council may from time to time determine other appropriate purposes for expendi- tures in the area of street improvement. To the extent feasible and practicable, the city council shall, within its absolute discretion, budget the expenditure of funds for street improvement. SECTION 3. Sections 3.24.010(D), 3.24.020, 3.24.030, 3.24.050 and 3.24.060, Chapter 3.24, Title 3 of the Loui'sville Municipal Code are hereby repealed. SECTION 4. The following sections are hereby added to the Louisville Municipal Code: 3.24.010(D) "Floor area" means the area included within the surrounding exterior walls of a building or position thereof, measured from the inside of all exterior walls. 3.24.020 Funds created. There is hereby created a parks and recreational fund and a tree fund. All parks and recreatio~al fees collected in accordance with Section 3.24.030 shall be pq.id into these special segregated funds as follows: ten cents of e;ach fifty cents per square foot shall be deposited in the tree fund ait1d the remaining forty cents per square foot shall be deposited in the parks and recreational fund. The treasurer shall account separately for all receipts and disbursements to and from the funds, and shall not commingle any part of said with other funds of the city. -2-