The revenues raised by payment of these park and recreation mitigation fees shall be placed in separate and special impact fund account, in accordance with § 17.02.070, and such revenues, along with any interest earnings on such separate account, shall be used solely to pay for the city's future acquisition and construction of parkland and improvements at least partially allocable to new development, as identified in the Open Space and Conservation Element of the city's General Plan and any policy, standard, principle or guideline adopted in accordance therewith.
(Ord. 2022-364, passed 11-16-2022)