Pursuant to the provisions of the agreement in lieu of annexation as modified and amended, the monies in the special nonreverting improvement fund, other than those deposited in the road and traffic improvement account, may be used for any legal public purpose. The uses of said funds shall include but not be limited to:
(a) The provision of police and fire protection service and other services related to health and safety, including animal care and control and the acquisition of emergency equipment;
(b) Road and traffic improvements, including but not limited to right-of-way procurement, traffic signalization and the construction or reconstruction of streets, curbs and gutters, and any and all costs associated with the acquisition of land and/or payment for improvements thereon in order to serve the existing industries and encourage development in the vicinity of the industries, thereby strengthening the city’s position for future annexation;
(c) Payment for professional services, salaries, material and equipment necessary to prepare fiscal plans and other reports and studies required to proceed with annexation of the areas contiguous to the city of Bloomington, including services provided by the city controller’s department staff in the development of written fiscal plan(s) for annexation of contiguous territory, and to obtain federal and nonfederal grant funding that may be used for the benefit of the city or industries which are party to the agreement;
(d) Advances on expenditures for capital improvement projects in anticipation of the issuance of bonds; and advances on expenditures for capital improvement projects in anticipation of receipt of anticipated tax revenues. Upon issuance of bonds, said advances shall be repaid from bond proceeds; upon receipt of anticipated tax revenues, said advances shall be repaid from said revenues. (Ord. 04-24 § 1 (part), 2004).