Section 5-7-1. Conservation Trust Fund.

The City Council of the City of Northglenn hereby establishes a conservation trust fund to be known as the Northglenn Conservation Trust Fund, which fund shall consist of:

All moneys received from the State of Colorado for the acquisition, development and maintenance of new conservation sites pursuant to the provisions of section 138-1-98, Colorado Revised Statutes, 1963, as amended.

All moneys hereafter appropriated by the City Council of the City of Northglenn for the acquisition, development and maintenance of new conservation sites pursuant to the provisions of section 138-1-98, Colorado Revised Statutes 1963, as amended.

"New conservation sites" shall mean interests in land and water, acquired after establishment of the said conservation trust fund, for park or recreation purposes, for all types of open space including but not limited to floodplains, greenbelts, agricultural lands, or scenic areas, or for any scientific, historic, scenic, recreation, aesthetic or similar purpose.

All moneys received from the State of Colorado and deposited in the Northglenn Conservation Trust fund shall be expended only for the acquisition, development and maintenance of new conservation sites.

The Mayor is hereby authorized and directed to certify to the Department of Revenue of the State of Colorado, pursuant to the direction of Resolution No. 74-46, Series of 1974, of the City Council of the City of Northglenn, that the City of Northglenn has established a conservation trust fund pursuant to the provisions of 138-1-98, Colorado Revised Statutes, 1963, as amended, and that the City of Northglenn wishes to qualify for distribution of the State Conservation Trust Fund moneys under the provisions of House Bill No. 1084, effective July 1, 1974.

The conservation trust fund established by Resolution No. 74-46, Series of 1974, is the same trust fund established by this ordinance.

[Source: Ord. 330, 1974]