(A) The City and the District shall maintain a separate account for all land dedications and fee payments received pursuant to this chapter and shall prepare an annual report for each account. The annual reports shall be prepared no later than ninety (90) days after the fiscal year in which the City and the District ends. The reports shall include each of the following:
1. The land dedications and fee payments received, the balance of the account, and the facilities purchased, leased or constructed during the fiscal year;
2. Documentation in support of and justification for the land dedications, fee payments, fee expenditures and any change in the fee account balance;
3. Information describing any changes in boundaries, service area, plan goals, policies, standards, as well as, any changes in park and recreation facility inventory; and
4. A schedule of how, when and where the City or District intends to use the land dedicated or fees paid, or both, to develop park or recreational facilities to serve the residents of the subdivisions and the anticipated starting dates for the development of the park and recreation facilities. The starting dates shall be reasonable with respect to the need for such parks and facilities, weather constraints, the need to minimize the disruption of the neighborhood, the amount of land and fees received, and the anticipated availability of funds for the operation and maintenance of the parks and facilities which are constructed. (Ord. 839-20, 10-20-2020)