The chief financial officer shall establish a separate account for each type of facility listed in Section 16.50.030. All impact fees collected by the city shall be deposited in the account established for the specific type of facility for which the fee is collected. Any interest earned on funds deposited in a fund or account shall be deposited in that fund or account. Funds deposited in those accounts shall be used only to pay for facilities resulting from new development within the urban growth boundary, as identified in the resolution adopted by City Council setting the rate of the fee. (Ord. 2017-01 (part), 2017: Ord. 2005-04 (part), 2005)