[HISTORY: Adopted by the Mayor and City Council of the City of Havre
de Grace as indicated in article histories. Amendments noted where applicable.]
GENERAL REFERENCES
Fees — See Ch. 70.
[Adopted 3-1-2004 by Ord. No. 851]
A separate enterprise fund is hereby established, which shall be known
as the "Havre de Grace Promenade Fund" (the "Promenade Fund").
The purpose of the Promenade Fund is to receive and administer funds
to be used to assist the City government with the maintenance and repair of
the waterfront promenade owned by the City of Havre de Grace.
The management of the Promenade Fund shall be vested in the Mayor and
City Council of Havre de Grace (the "Mayor and City Council"), who shall receive,
apply, use and disburse the funds paid and other property transferred to the
Promenade Fund for the purposes of the Promenade Fund, and to invest, reinvest
or otherwise deal with the principal or the income thereof in such manner
as, in the judgment of the Mayor and City Council, will best promote the purposes
of the Promenade Fund. All expenditures of funds shall first be approved by
the City Council DPW Committee.
One hundred dollars of each fee collected by the City for each building
permit associated with dwellings and all other occupied structures shall be
paid into and become a part of the Promenade Fund.
The Mayor and City Council may, in the exercise of its discretion, direct
that other monies be paid into the Promenade Fund.
The Mayor and City Council may accept contributions into and grants
to the Promenade Fund in any form and from all sources, including private
individuals or entities, governments, institutions, and others, and to that
end the Mayor and City Council may take and hold, by distribution, bequest,
devise, gift, grant, or otherwise, any funds or other property for such purpose.
