(A) Funds collected for the recreational services impact fees, or lands dedicated pursuant to § 151.021 for that purpose, shall be used solely for the purpose of acquiring or expanding recreational services capital facilities under the jurisdiction of the city. In the event that bonds or similar debt instruments are issued for advance provision of recreational services capital facilities for which municipal services impact fees may be expended, recreational services impact fees may be used to pay debt service on such bonds or similar debt instruments to the extent that the proceeds of the bonds (and a pro rata share of the cost of issuance) are expended upon recreational services capital facilities.
(B) Funds collected for the police services impact fees, or lands dedicated pursuant to § 151.021 for that purpose, shall be used solely for the purpose of acquiring or expanding police services capital facilities under the jurisdiction of the city. In the event that bonds or similar debt instruments are issued for advance provision of police services capital facilities for which municipal services impact fees may be expended, police services impact fees may be used to pay debt service on such bonds or similar debt instruments to the extent that the proceeds of the bonds (and a pro rata share of the cost of issuance) are expended upon police services capital facilities.
(C) Funds collected for the fire/rescue services impact fees, or lands dedicated pursuant to § 151.021 for that purpose, shall be used solely for the purpose of acquiring or expanding fire/rescue services capital facilities under the jurisdiction of the city. In the event that bonds or similar debt instruments are issued for advance provision of fire/rescue services capital facilities for which municipal services impact fees may be expended, fire/rescue services impact fees may be used to pay debt service on such bonds or similar debt instruments to the extent that the proceeds of the bonds (and a pro rata share of the cost of issuance) are expended upon fire/rescue services capital facilities.
(D) At least once each fiscal year, the City Administrator shall present to the City Council a proposed capital improvement program for recreational services, police services and fire/rescue services facilities, assigning funds, including any accrued interest, from the applicable Impact Fee Trust Fund to specific recreational services, police services or fire/rescue services improvements projects and related expenses. Monies, including any accrued interest, not assigned in any fiscal year shall be retained in the same Impact Fee Trust Fund until, the next fiscal year.
(E) Funds may be used to provide refunds in the manner set forth in § 151.025.
(F) All administrative costs associated with providing municipal services capital improvements shall be eligible for the appropriation of impact fees collected by the city; however, administrative costs shall not exceed 5% of the total amount expended or encumbered by the city.
(Ord. 483, passed 3-8-2005)