(A) Fees shall only be expended for:
(1) A sewer system improvement of treatment facility identified in the impact fee analysis; and
(2) System improvements for the sewer system and treatment facility for which the fee was collected.
(B) (1) Except as provided below, the city shall expend or encumber the impact fees for a permissible use within six years of their receipt.
(2) The city may hold the fees for longer than six years if it identifies, in writing:
(a) An extraordinary and compelling reason why the fees should be held longer than six years; and
(b) An absolute date by which the fees will be expended.
(Ord. 2012-001, passed 4-10-2012)