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A. Expenditures from the fund shall be authorized in the budget for the following purposes:

1. Deferred inflows related to Microsoft’s investment in the CFD and specified in the Overlake Transit Center Agreement and Community Facility District No. 2014-1 authorizing documents,

2. Expenditures related to project reimbursements to design and construct project elements, including a Ped-Bike Bridge and expanded canopy coverage for transit waiting areas as included in the Sound Transit East Link project or administrative expenses related to the community facilities district operations, or

3. Transfer to a capital fund as directed by the Community Facility District Board of Supervisors. (Ord. 2867 § 2 (part), 2017).