The proceeds of the tax created by this chapter shall be used to fund police and fire
services in the city. The proceeds of the tax will be divided equally among police
and fire services. The proceeds will be dedicated to the development and improvement
of a well-equipped and well-staffed fire department and police department. The proceeds
can be used for the purchase of fire and police equipment and for personnel costs
for both departments. If the city decides to issue bonds, the proceeds would be used
to repay the principal and interest on bonds issued for the purchase of public safety
equipment and/or capital improvements for public safety. The bond proceeds could be
used for the development, design, acquisition of real property, construction, operation,
and maintenance of any future capital projects for police and fire. Also, the bond
proceeds may be used to repay the costs of debt issuance. The term "development" is
to include all land acquisition, permitting, architectural design, engineering, construction
management fees, construction costs, fixtures, furnishing and equipment, and all other
related costs and expenses. The plan also contemplates payment of the costs associated
with issuance of the bonds, from the bond proceeds, and the reimbursement of all costs
advanced by the city, prior to the issuance of the bonds.
(Ord. 1044 § 17 (Exh. A), 2007)
(Ord. No. 1084, § 17, 3-3-09)
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