(A) The revenues from street facilities development fees collected within the service area and accrued interest on such revenues shall be used to finance project costs of qualifying major street facilities improvements, as determined by the City Council, provided that the improvements are shown in the approved Infrastructure Improvements Plan as described in Vol. II, § 7-1-10 of this Chapter, and are located within the same service area.
(B) Qualifying street facilities are limited to improvements to the city's major roadway system. The city's major roadway system consists of all city-maintained roadways or portions thereof that are classified as collectors or arterials by the city's adopted Street Classification Plan on file within the Public Works Department.
(C) Qualifying improvement costs include project engineering costs; the construction cost of improvement, including but not limited to street travel lanes, public pedestrian and bicycle pathways, turning and deceleration lanes, lighting, signalization, signage, drainage and landscaping improvements that are required for the roadway improvement to function effectively; and the principal, interest and other financing costs of bonds, notes or other obligations issued by or on behalf of the city to finance qualified improvements. Such revenues may also fund the cost of consultants used in updating the street facilities portion of the Capital Improvements Program and in updating the street facilities development fee computations.
(D) Monies collected as street facilities development fees shall not be used to pay for any of the following:
(1) Construction, acquisition or expansion of public facilities other than qualifying street facilities improvements;
(2) Retirement of debt incurred for street facilities constructed prior to March 1, 1997;
(3) Street facilities improvements, such as acceleration or deceleration lanes, that primarily serve, or are needed to mitigate the impacts of an individual development;
(4) Repair, operation or maintenance of existing streets;
(5) City personnel and consultants hired for purposes other than those expressly permitted under divisions (A) and (B) above;
(6) Streets and related transportation improvements that are within or adjacent to, and intended to serve only, a specific development such as a new residential subdivision; or
(7) Acquisition of land or right-of-way. Land costs are not included in the street facilities development fee calculations and no development fee funds shall be expended on right-of-way acquisition, nor shall offsets against street facilities development fees be provided for dedication of right-of-way.
(Ord. 1521, passed 8-16-2022)