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(a) The RALF Fund shall be used to account for RALF funded projects acquired <br />along the Highway 10 Corridor storm sewer drainage projects within the special <br />District established in accordance with MS Section'111.20. This fund shall be used <br />to account for resources and expenditures related to the purchase of property for <br />future state road development. <br />(b) Funding shall consist of the following sources: <br />(1) Met Council Grant Funds as outlined in Loan Agreements <br />(2) Rental Revenue as outlined in Lease Agreements <br />(c) Expenditures shall consist of the following uses: <br />(1) Right -of Way Acquisitions as outlined in the Met Council Loan Agreements <br />(2) Improvements of Leased Properties <br />(d) This fund is not eligible for inter -fund loans. <br />6. Public Improvement Revolving Fund — The COR (Fund 9468) <br />(a) The Public Improvement Revolving Fund -The COR will be used to account <br />for all costs associated with the development/construction of the COR <br />Project area. <br />(b) Funding shall consist of the following sources: <br />(1) Land sales within the COR area <br />(2) Interest earnings on the COR Fund from the distribution of pooled interest <br />earnings. <br />(c) Expenditures shall consist of the following uses: <br />(1) Expenditures to market the COR area <br />(2) Development/Construction Improvements as authorized by City Council <br />(d) This fund is eligible for inter -fund loans <br />7. Park Improvement Trust Fund (Fund 9805) <br />(a) The Park Improvement Fund shall be used to account for all cash and park <br />dedication fees and miscellaneous revenues to be used for future land acquisition <br />and park improvements. <br />(b) Funding shall consist of the following sources: <br />(1) Park Dedication fees as outlined in respective development agreements <br />(2) Donations <br />(3) Interest earnings on the Park Improvement Fund from the distribution of <br />pooled interest earnings. <br />(4) Transfers from the General Fund at year-end for excess General Fund <br />Revenue as outlined in the Excess/Deficient General Fund Revenue Policy <br />(#11-11-217). <br />(c) Expenditures shall consist of the following uses: <br />(1) Transfers to the General Fund at year end for deficient General Fund <br />Revenue as outlined in the Excess/Deficient General Fund Revenue Policy <br />(#11-11-217); and <br />Page 9 of 14 <br />