A. There shall be paid to the City of Sierra Vista a recreational facility development fee in an amount established by separate Council Resolution, at a scheduled public hearing, per dwelling unit and/or mobile home pad and/or RV pad in the subdivision or development.
B. This recreational facility development fee shall be paid when the construction permits for the dwelling units, and/or mobile home pad, and/or RV pad are issued. In the case of mobile homes or recreational vehicles the development fee shall be paid at the time sewer utility connection permits are issued.
C. Payments made under the requirements of this section shall be made payable to the City of Sierra Vista and shall be deposited to special interest bearing escrow accounts. The status of these accounts shall be reported annually to the City Council and the report shall be available to all City Departments and the general public. Funds may be withdrawn from the special accounts by the City Council for the specific purposes of acquiring lands for park and recreation sites or to improve existing parks in areas that serve the subdivision from which the development fees were collected.
D. If any portion of a recreational facility development fee is not spent within ten years of the date of its receipt, it shall be refunded or returned to the subdivider or developer.
(Ord. 743, passed 4-10-86; Am. Ord. 1012, passed 7-25-96; Am. Ord. 1049, passed 11-13-97; Am. Ord. 2003-004, passed 2-13-03)