(A) Pursuant to Government Code section 66006, the City Council directs that all fees collected hereunder shall be maintained in a fund separate from the City's General Fund and shall be separated into two (2) special accounts, one for fees generated from residential development, and the other for fees generated from commercial and industrial development. The City shall utilize the fees in these accounts, along with any interest earnings, only for the costs of public facilities as specified herein.
(B) If a fee paid by a developer for a particular development has been retained by the City for five (5) or more years, and the City has not committed that fee to costs for public facilities, then the City Council shall make findings describing the continuing need to retain the fee each fiscal year after the first five (5) years.
(C) If the City Council does not make such findings, then the City Council shall refund the collected fees as appropriate. (Ord. 931, 6-4-1990)