(A) There is established a transportation mitigation trust fund ("trust fund") into which TUMF proceeds shall be deposited.
(B) TUMF proceeds shall be imposed and collected by the city and shall be transmitted to CVAG to be placed in the trust fund. All interest or other earnings of the trust fund shall be credited to the trust fund.
(C) CVAG shall administer the trust fund in accordance with the Mitigation Fee Act.
(Ord. 1786, passed 11-2-22)