(A) (1) There is hereby established the Town Park and Recreational Fund. This Fund shall be a non-reverting fund and shall receive any and all sums collected pursuant to this subchapter to be utilized in connection with the purposes set forth herein. The Fund shall consist initially of one account based upon the current existence of one impact zone. In the event, and only in the event, that an additional impact zone is created hereafter, a separate account shall be maintained for each separate impact zone established within the town. Interest earned on the Fund or on any account within the Fund, shall be deposited and maintained within the Fund or the separate account. The Clerk-Treasurer of the town shall maintain records of the status of the Fund or any account which may be established therein, and shall make an annual report of said fund and accounts which shall be available to the public in general and fee payers, upon request, in particular.
(2) The annual report shall include:
(a) The amount of money in accounts established for the impact zone; and
(b) The total receipts and disbursements of the accounts established for the impact zone.
(B) Pursuant to I.C. 36-7-4-1332(e), the Clerk-Treasurer is designated as the town official responsible for acting upon refund requests. In order to facilitate refunds when they may be due, the Clerk-Treasurer is directed to identify the purpose of any impact fee paid in order that a refund, if any, may be paid from the Fund or account into which the fee was originally deposited.
(Ord. 30-2022, passed 6-27-2022)