(A) Reimbursement fees. Reimbursement fees shall be applied only to capital improvements for the city’s water system, including expenditures relating to repayment of indebtedness.
(B) Improvement fees.
(1) Improvement fees shall be spent only on capacity increasing capital improvements, including expenditures relating to repayment of future debt for the improvements. An increase in system capacity occurs if a capital improvement increases the level of performance or service provided by existing facilities or provided by new facilities. The portion of the improvements funded by improvement fees must be related to demands created by development.
(2) A capital improvement being funded wholly or in part from revenues derived from the improvement fee shall be included in the plan adopted by the city pursuant to § 50.51.
(C) Use of revenue. Notwithstanding divisions (A) and (B) above, SDC revenue may be expended on the direct costs of complying with the provisions of this subchapter, including the costs of developing SDC methodologies and providing an annual accounting of SDC expenditures.
(Prior Code, § 3.805) (Ord. 1994-01, passed 2-14-1994; Ord. 2012-01, passed 2-13-2012)