A. The 65th Street area infrastructure fund is established. The city shall deposit all revenues generated by the 65th Street area impact fee, and any interest earned on the fund balance, into the fund.
B. The city shall use the 65th Street area infrastructure fund to:
1. Finance the design, construction, installation, improvement, and acquisition of the 65th Street area facilities.
2. Reimburse the city for administrative costs identified in the 65th Street area finance plan.
3. Reimburse landowners and holders of development credits consistent with section 18.56.540 and the 65th Street area finance plan. (Ord. 2017-0014 § 1)