A. The Jacinto Creek infrastructure fund is established. The city shall deposit all revenues generated by the Jacinto Creek impact fee, and any interest earned on the fund balance, into the fund.
B. The city shall use the Jacinto Creek infrastructure fund to:
1. Finance the design, construction, installation, improvement, and acquisition of the infrastructure identified in the Jacinto Creek finance plan.
2. Reimburse the city for the costs of administering the Jacinto Creek impact fee, the Jacinto Creek infrastructure fund, and this article.
3. Reimburse landowners and holders of development credits consistent with Section 18.56.740 and the Jacinto Creek finance plan. (Ord. 2017-0016 § 2)