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Chapter 709: Casino Revenue Fund

Section 709.01 The Casino Revenue Fund

The Fiscal Officer is hereby directed to immediately establish a separate fund for the purpose of collecting and expending gross casino revenues distributed to Cuyahoga County (the “Casino Revenue Fund” or “the Fund”).  All such revenues shall be automatically transferred from the General Fund into the Fund and may be used only in the time frame and purpose authorized  in Chapter 709 of the County Code.

(Ordinance No. O2012-0011, Enacted 10/23/2012, Effective 10/24/2012)

Section 709.02 Revenues in Reserve

All gross casino revenues shall be held in reserve in the Casino Revenue Fund until June 30, 2014 (“the reserve date”). 

(Ordinance No. O2012-0011, Enacted 10/23/2012, Effective 10/24/2012)

Section 709.03 Use for Downtown District Development

As of July 1, 2014 and through June 30, 2016, the revenues contained in the Casino Revenue Fund shall be used to promote economic development in Cleveland’s Downtown District, generally defined as the area bordered by Lake Erie, the Innerbelt Bridge, East 25th Street and West 25th Street. 

(Ordinance No. O2012-0011, Enacted 10/23/2012, Effective 10/24/2012) 

Section 709.04 Revenues Remaining and Received on or after July 1, 2016

Revenues remaining in the Casino Revenue Fund or received on or after July 1, 2016 may be used to:  

  1. promote economic and community development in any area of Cuyahoga County; and  
  2. provide additional funding for educational initiatives, including the Cuyahoga County Educational Assistance Fund.

(Ordinance Nos. O2015-0003, Enacted 6/28/2016, Effective 7/1/2016; O2012-0011, Enacted 10/23/2012, Effective 10/24/2012)

Section 709.05 Requests for Early Spending

  1. Notwithstanding Section 709.02 of the County Code, prior to June 30, 2014, the County Executive may propose spending monies from the Casino Reserve Fund on specific “downtown district” development projects.  Council shall determine whether any specific project justifies an earlier than anticipated expenditure of funds.  
  2. Notwithstanding Section 709.03 of the County Code, after June 30, 2015 and before July 1, 2016, the County Executive or the County Council may propose spending monies on specific projects promoting economic and community development in any area of Cuyahoga County.  Council shall determine whether any specific project justifies an earlier than anticipated expenditure of funds.  

(Ordinance Nos. O2015-0003, Enacted 6/28/2016, Effective 7/1/2016; O2012-0011, Enacted 10/23/2012, Effective 10/24/2012)