Any and all fees collected pursuant to the provisions of this subchapter may be utilized only for the following purposes by the town, acting by and through its Town Council, which for the purposes of this subchapter is identified as the infrastructure agency contemplated by I.C. 36-7-4-1317:
(A) Providing funds to be utilized by the Department of Public Works for the provision of new infrastructure that is necessary to serve new development in the Impact Zone from which the fee is collected and that is identified in the Zone Improvement Plan;
(B) An amount not to exceed 5% of the annual collections of the fee to be utilized for expenses incurred by the town for the consulting services used to establish this subchapter;
(C) To pay any refund due pursuant to the terms of this subchapter; and
(D) To pay the debt service cost of an obligation issued to provide new intersection and roadway infrastructure described in division (A) above.
(Ord. 2023-23, passed 11-6-2023)