The revenues raised by payment of the sanitary sewer capacity charge shall be accounted for in a capital facilities fund. Separate and special accounts within the fund shall be used to account for revenues, along with any interest earnings on such accounts. These monies shall be used for the following purposes:
(a) To pay for property acquisition, including right-of-way acquisition, design, engineering, and construction of the public facilities and reasonable cost of outside consultant studies related thereto;
(b) To reimburse the city for designated public facilities constructed by the city with funds (other than gifts or grants) from other sources together with accrued interest;
(c) To reimburse developers who have designed and constructed, or dedicated land for, designated public facilities which are oversized with supplemental size, length, or capacity; and/or
(d) To pay for and/or reimburse costs of program development and ongoing administration of the sanitary sewer capacity charge program.
(Ord. 07-865, 2007)