(A) The Town Council hereby establishes the Park and Recreation Impact Fee Fund ("Fund") for the town. This Fund shall be a non-reverting fund and shall receive any and all sums collected pursuant to this subchapter to be utilized in connection with the purposes set forth herein. The Fund shall consist initially of one account, based upon the current existence of one impact zone. In the event, and only in the event, an additional impact zone is created hereafter, a separate account shall be maintained for each separate impact zone established within the town. Interest earned on the Fund, or on any account with the Fund, shall be deposited and maintained within the Fund or the separate account. The Zionsville Department of Finance and Records shall maintain records of the status of the Fund, or any account established therein, and shall make an annual report of the Fund to the Zionsville Plan Commission and to the Zionsville Town Council, which report shall be available to the public, in general, and fee payers, upon request.
(B) Pursuant to I.C. 36-7-4-1332(e), the Zionsville Chief Financial Officer is designated as the town official responsible for accepting, rejecting and paying on refund requests. In order to facilitate refunds when they may be due, the Zionsville Chief Financial Officer is directed to identify the purpose of any impact fee paid in order that a refund, if any, may be paid from the Fund or account into which the impact fee was originally deposited.
(Ord. 2011-14, passed 12-5-2011; Ord. 2022-02, passed 3-7-2022)