Fees paid pursuant to this article shall be deposited in a planned bridge facility or major thoroughfare fund. A fund shall be established for each planned bridge facility or each planned major thoroughfare project. If the benefit area is one in which more than one bridge is required to be constructed, a fund may be so established covering all of the bridge projects in the benefit area. Moneys in such fund shall be expended solely for the construction or reimbursement for construction of the improvement serving the area to be benefitted and from which the fees comprising the fund were collected or to reimburse the city for the cost of constructing the improvement.
('66 Code, § 9-4.1911) (Ord. 571-C-S, passed 2-28-84)