A. The River District infrastructure fund is established. The city shall deposit all revenues generated by the River District impact fee, and any interest earned on the fund balance, into the fund.
B. The city shall use the River District infrastructure fund to:
1. Finance the design, construction, installation, improvement, and acquisition of the River District facilities.
2. Reimburse the city for the costs of administering the River District impact fee, the River District infrastructure fund, and this article.
3. Reimburse landowners and holders of development credits consistent with section 18.56.640 and the updated River District finance plan. (Ord. 2017-0015 § 1)