(A) There is hereby created and established a special revenue fund to be known as the Redevelopment Fees Fund.
(B) For current redevelopment fees, see § 158.04, Redevelopment Permits and Fees.
(1) All redevelopment fees shall be deposited in the Redevelopment Fees Fund.
(2) For each property tax abatement application for CF-1 Form approved, each property tax statement recipient shall pay a participation fee in the amount of 10% of its annual property tax savings attributed to the property tax abatement deduction.
(C) Expenditures may be made from the Redevelopment Fees Fund by appropriation of the Redevelopment Commission.
(Ord. G-03-59, passed 9-18-2003; Ord. G-08-16, passed 5-15-2008)