The revenues received by the City from street improvement charges assessed pursuant to this chapter shall be used solely for reimbursements to permittees in the manner provided by this chapter and the reimbursement agreement. Provided, however, that in the event the City is unable to locate the permittee after five years of due diligent searching commencing from the date the street improvement reimbursement charges are paid, or upon the discovery of facts establishing that a due diligent search would be futile, the revenues collected hereunder shall be paid to the treasurer of the City for deposit in the general fund.
(Ord. 1652, § 5, 1994)