A. Funds collected from the Infrastructure Fees shall be used for the purpose of causing the acquisition, construction and installation of the Right-of-Way Improvements and/ or Public Improvements within the Verdemont Area, as more specifically described in the Engineer's Report.
B. No funds collected pursuant to this Chapter shall be used for periodic or routine maintenance.
C. Funds may also be used to pay debt service on bonds or similar debt instruments issued in order to provide financing for the acquisition, construction and installation of the Right-of-Way Improvements and/or the Public Improvements for which the Infrastructure Fee may be expended.
(Ord. MC-707, 3-19-90)