9-5-12-03: COMMUNITY DEVELOPMENT CAPITAL FACILITIES:
The monies collected from the community development impact fees shall be used only to plan for and acquire or construct community development capital facilities, or to pay debt service on any portion of any future general obligation or revenue bond issue or similar instrument used to finance the acquisition or construction of community development capital facilities within the City, or to reimburse the City for such costs. (Ord. 2021-03, 3-22-2021)