A. All monies and interest earnings in the Mobility Improvement Fund shall be expended on constructing improvements and deploying programs in the project list. Such expenditures may include, but are not limited to the following:
1. Reimbursement for all direct and indirect costs incurred by the City to construct improvements under this Subchapter, including but not limited to the cost of land and right-of-way acquisition, planning, legal advice, engineering, design, construction, construction management, materials, and equipment.
2. Costs of issuance or debt service associated with bonds, notes, or other security instruments issued to fund improvements.
3. Reimbursement for administrative costs, not exceeding up to five percent (5%) each year, of the total Mobility Improvement Fund balance, incurred by the City in establishing or maintaining the Mobility Improvement Fund required by this Subchapter, including but not limited to the cost of studies to establish the requisite nexus between the fee amount, studies to compare the fee amount to neighboring jurisdictions, the use of fee proceeds, and annual accounting and reports.
B. The City shall not expend Mobility Improvement Fund monies on street improvements, traffic controls, or traffic management projects required by § 15.06.035; projects that induce vehicle miles traveled; operation and maintenance costs; off-street parking facilities except as part of a TDM program; alley improvements; or private streets.
(Ord. No. 2021-006 § 2 (part))