A. Fees paid pursuant to this chapter shall be deposited in a planned bridge facility or major thoroughfare fund. A separate fund shall be established for each planned bridge facility project or major thoroughfare project. If the benefit area is one in which more than one bridge is required to be constructed, a fund may be so established covering all of the bridge projects in the benefit area.
B. Moneys in such funds shall be expended solely for the construction or reimbursement for construction of the improvement serving the area to be benefitted and from which the fees comprising the fund were collected, or to reimburse the city for the cost of constructing the improvement.
C. A resolution adopted pursuant to this chapter may provide for the dedication of land or construction of improvements in lieu of the payment of fees. (Ord. 2017-0009 § 15)