Chapter 3.10
PARKS DEVELOPMENT FUND
Sections:
3.10.020 Expenditure – Capacity-increasing capital improvements.
3.10.030 Expenditure – Costs of state statute compliance.
3.10.050 Remaining funds to be placed in general fund.
3.10.010 Established.
A separate parks fund shall be established for the purpose of collecting improvement and administrative fees. [Ord. 436 § 1, 2006].
3.10.020 Expenditure – Capacity-increasing capital improvements.
Improvement fee revenue may be spent only on capacity-increasing capital improvements or debt related to such improvements. [Ord. 436 § 2, 2006].
3.10.030 Expenditure – Costs of state statute compliance.
Revenue from both improvement and reimbursement fees may be expended on direct costs of complying with related state statutes. [Ord. 436 § 3, 2006].
3.10.040 Administrative fees.
Administrative fees are the amount charged to each development to cover the cost of developing the methodologies, providing an annual accounting of system development charge expenditures, implementation, and operational costs associated with the system development charge program. [Ord. 436 § 4, 2006].
3.10.050 Remaining funds to be placed in general fund.
Any remaining funds upon termination shall be placed in the city’s general fund. [Ord. 436 § 5, 2006].