§ 12-4.704. USE OF FEE REVENUES.

The revenues raised by payment of the Fee shall be accounted for in the city's capital project fund. Separate and special accounts within the fund shall be used to account for revenues, along with any interest earnings on such account. These monies shall be used for the following purposes:

(a)

To pay for land acquisition for, and design, engineering, and construction of the public facilities designated in the Council resolution and reasonable costs of outside consultant studies related thereto;

(b)

To reimburse the city for designated public facilities constructed by the city with funds (other than gifts or grants) from other sources together with accrued interest;

(c)

To reimburse developers who have designed and constructed designated public facilities which are oversized with supplemental size, length, or capacity; and/or

(d)

To pay for and/or reimburse costs of program development and ongoing administration of the park facilities fee program.

(Added Ord. 2005-113, § 1, eff. 11-7-05).