The city manager is hereby directed to establish and maintain the following special funds, into which all fees of each type described in Section 16.58.020, and any interest thereon, shall be deposited. Each fund shall be maintained as a separate capital facilities account in a manner to avoid any commingling of the fees with other revenues, funds or accounts of the city. Upon receipt and entry into the accounting records for each fund such monies shall be considered committed to the uses described in Section 16.58.020.
The special funds established by this section are:
(a) Park development fee fund;
(b) Community center development fee fund;
(c) Library development fee fund.
(Ord. 4742 § 2 (part), 2002)