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All monies and interest in the special fund established pursuant to city council resolution shall be expended on transportation facilities and programs as approved by the city council. Such expenditures may include, but shall not be limited to, the following:
A. The reimbursement for all direct and indirect costs incurred by the city for the development of transportation facilities and programs pursuant to this article, including, but not limited to, the costs of land acquisition, planning, legal advice, engineering, design, construction and equipment.
B. The reimbursement for all costs incurred by the city and associated with the administration of each account.
C. The issuance of bonds or notes, secured by the reserve account, for the provision of transportation facilities and programs.
D. Land acquisition, planning, design, and construction (including rehabilitation) which result in the provision of transportation facilities and programs. (Ord. 89-O-2076, eff. 11-16-1989)