A. Commencing with the fifth fiscal year following the first year of receipt of any revenues from the fees established and imposed pursuant to the provisions of this chapter, and in each fiscal year thereafter, the city treasurer, or his or her designee, shall provide the city council with a report which sets forth the total amount of all such fee revenues that were received and deposited in the appropriate special fund established under Section 18.24.350 of this chapter in each fiscal year prior to the date of such report, but which remain unexpended or unappropriated as of the date of the report; provided, however, that no report shall be required in any year in which there were no unspent or unappropriated fee revenues in such fund which were received and deposited in the fund more than five years prior to the date of the report.
B. Upon review of each report described in subsection A of this section, the city council shall take one of the following actions with respect to any unexpended or unappropriated fee revenue in the appropriate special fund established under Section 18.24.350 of this chapter which was received and deposited in such fund five or more years prior to the date of such report:
1. Appropriate all or any part of such unexpended or unappropriated fee revenue for the acquisition of public land or regional park land for which the fee was imposed;
2. Make findings with respect to all or any part of such unexpended or unappropriated fee revenue which identify the purposes to which the revenue are to be put; or
3. Provide for the refund of all or any part of such unexpended or unappropriated fee revenue, together with any actual interest accrued thereon to the current record owner of any property for which a fee was paid; provided, however, that if the administrative costs of refunding such fee revenue exceed the amount to be refunded, the city council, after considering the matter at a noticed public hearing, may appropriate such revenue for the acquisition of public land or regional park land in the North Natomas finance plan area, or to make reimbursements required by this chapter or shall appropriate it for any other public improvement, facility, or property for which fees are charged or otherwise imposed pursuant to this chapter and which the city council determines will benefit the properties for which such fees were charged or otherwise imposed; and provided further that the portion of any fee revenue received by the city as reimbursement of its costs in administering the provisions of this chapter shall not be refunded, but shall be applied to reduce the amount of the fee charged for administrative purposes. (Prior code § 84.03.312)