(A) Funds collected from development impact fees shall be used for the purpose of paying:
(1) The actual or estimated costs of constructing and/or improving the public facilities within the city to which the specific fee or fees relate, including any required acquisition of land or rights-of- way therefor;
(2) Reimbursement to the city for the development’s share of those public facilities already constructed by the city or to reimburse the city for costs advanced; including without limitation administrative costs incurred with respect to a specific public facility project;
(3) Reimbursement to other developers, or their assignees, who have constructed public facilities as described in the resolution adopted pursuant to § 17.2, where those facilities were beyond that needed to mitigate the impact of the developer’s project or projects and where reimbursement agreements between the developer and the city have been executed; or
(4) To add needed equipment and training.
(B) In the event that bonds or similar debt instruments are issued for advanced provision of public facilities for which development impact fees may be expended, impact fees may be used to pay debt service on the bonds or similar debt instruments to the extent that the facilities provided are of the type to which the fees involved relate.
(C) (1) At least once each fiscal period, the City Manager or his or her duly authorized designee shall present to the City Council a proposed five-year capital improvement program for the various public facilities referenced in the ordinance or resolution adopted pursuant to § 17.2 assigning moneys, including any accrued interest, from the funds referenced in § 17.6 to specific improvement projects and related expenses.
(2) Moneys, including any accrued interest not assigned in any fiscal period shall be retained in the same fund until the next fiscal period, except as provided by the refund provisions of § 17.11.
(D) Funds may be used to provide refunds as described in § 17.11.
(Ord. 965, passed 7-18-2006)