A. Fees paid into the Mobility Improvement Fund not appropriated within five (5) years of payment shall be returned to the payer, with earned interest, if a written return request is filed with the City's Chief Financial Officer within the fifth fiscal year after payment. The return request shall be verified and state the payment date, the amount paid, and that the party requesting the fee return is the payer of the fee or the payor's assignee or successor.
B. The right to a return of fees may be assigned in writing. No assignment shall be valid unless the assignment is acknowledged before a notary public in the same manner as is required for the recording of documents affecting title to real property with the County Recorder. Any assignment shall be filed with the City's Chief Financial Officer and may be recorded at the option of the signatories.
C. If a return request is not made within one (1) calendar year from when the return request is originally filed, then the right to have fees returned shall terminate, and the fees and all interest earned shall revert to the Mobility Improvement Fund.
(Ord. No. 2021-006 § 2 (part))