A. Purpose. A project fund established in which to place moneys from designated federal grants received through the Department of Housing and Urban Development’s community development block grant program or other agency, approved, accepted and assigned to this fund by the City Council. Any City moneys required for any such grant shall also be placed in this fund. Such moneys shall be used for the purposes specified by the terms of each grant agreement.

B. Revenue Sources. Grant revenues received through community development block grant program, City contributions or other revenue sources as may be authorized by the City Council. [Ord. 589 § 11, 2014.]