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7.1.2 The City shall not make an offer to purchase any property under <br />this policy until, and unless, adequate monies are available to pay <br />for the purchase. <br />7.2 A CBD operations fund is hereby established to account for all monies used <br />in the administration and operation of this program. <br />7.2.1 All property lease payments paid on properties purchased under <br />this program, and other revenues received in the conduct of this <br />program, shall be deposited to the credit of this fund. <br />7.2.2 All expenses associated with the program, including property <br />appraisals, attorneys' fees, etc., shall be billed against this <br />account. <br />7.2.3 The City's Finance Director shall annually make a transfer from <br />the City's general fund to the CBD account to cover any shortfall <br />between the fund's revenues and expenses. <br />Voting Aye: Barnes, Haas, Leroux, Petryk, Stoltzman <br />Voting Nay: None <br />Whereupon said resolution was declared passed and adopted this 31 day of April, <br />2000. <br />Walter L. Stoltzman, Mayor . <br />ATTEST: <br />Mary VII <br />Creager, City C <br />