There is hereby created a Parks and Recreation Development Fund. There shall be paid into the Parks and Recreation Development Fund such funds set forth and collected as indicated in Section 1191.03. The City of Kent shall provide a matching amount equal to the amount of fees collected as stated in Section 1191.03 or the amount of what would have been paid if the developer had not contributed real property to the City of Kent in lieu of fees. This matching amount shall be appropriated from the General Fund, or other municipal funds other than those collected under the terms of Section 1191.03. Expenditures made by the City of Kent from funds other than those collected under the terms of Section 1191.03 shall be considered to be a matching amount if expended for any of the purpose listed in Section 1191.01. The Director of Budget and Finance shall keep an accurate record of all matching amounts and expenditures considered to be a matching amount to ensure that the proper match occurs.
(Ord. 2022-031. Passed 4-20-22.)