The Mt. Carmel City Council Monday formally approved designating 98% of the city’s share of the video gaming tax go into a fund specifically for a new city pool. The new ordinance stipulates that the 98% be set aside for the proposed new aquatic center, while the other 2% will fund the Aces scholarships the city awards to MCHS graduates each Spring. If voters vote against a new city pool in November, the project will be dead and the money set aside from the video gaming tax will go back to the city’s general fund.