(A) Reimbursement fees shall be applied only to capital improvements associated with the systems for which the fees are assessed, including expenditures relating to repayment of indebtedness.
(B) (1) Improvement fees shall be spent only on capacity increasing capital improvements, including expenditures relating to repayment of debt for such improvements. An increase in system capacity occurs if a capital improvement increases the level of performance or service provided by existing facilities or provides new facilities. The portion of the improvements funded by improvement fees must be related to demands created by current or projected development.
(2) A capital improvement being funded wholly or in part from revenues derived from the improvement fee shall be included in the systems development charge funding project plan adopted by the city pursuant to § 34.027 of this chapter.
(C) Notwithstanding divisions (A) and (B) above, system development charge revenues may be expended on the direct costs of complying with the provisions of this subchapter, including the costs of developing system development charge methodologies and providing an annual accounting of system development charge funds.
(Prior Code, § 2.15.060) (Ord. 228, passed 3-7-1994; Ord. 379, passed 12-1-2008)