There is hereby created the
Woodstock Park Development Trust Fund,
a permanent trust fund of the City. A separate trust fund and associated accounts
shall be created by the Director of Finance and Administration for administering the
fund. There shall be paid into or deposited into the fund $0.25 of each unit disposal
fee per unit for household hazardous waste imposed and collected pursuant to Section 380.303(b) and any interest accrued thereon together with any other source of public or private
revenues that may be deposited herein. All expenditures made from the fund shall be
for development, expansion, maintenance and improvements to Woodstock Park. Subject
to appropriation by the Council, the Director of Finance and Administration is authorized
and directed to make disbursements from then fund upon the written request of the
Director of the Department of Parks, Recreation and Community Services. Monies deposited
in this trust fund shall not lapse at the close of any fiscal year, but shall carry
over to the next fiscal year.
