§ 27-3.6. Use of Development Impact Fee.

Development impact fee revenues shall be deposited in segregated accounts and all interest earned on deposited fee revenues shall be used solely to:

a.

Pay for the cost of providing the specified projects listed in Appendix B to the Nexus Study. The projects are divided into four (4) categories: transportation; parks and recreation; general public facilities; and public safety.

b.

Reimburse the City for such projects if funds were advanced by City for such projects from other sources to pay new development's share of such costs.

c.

Fund reimbursement or refund under subsections 27-3.7 or 27-3.9.

d.

Fund loans or transfers made in conformance with Government Code Section 66006(b)(1)(G).

e.

The use of each component of the development impact fee is more specifically set forth in the resolution or ordinance referenced in subsection 27-3.5e establishing the amount of the fee and making certain findings.

(Ord. No. 3098 N.S., 7-15-2014)