Chapter 3.25
TRANSPORTATION ENHANCEMENT FUND
Sections:
3.25.020 Expenditure – Capacity-increasing capital improvements.
3.25.030 Expenditure – Systems-related capital improvements.
3.25.040 Expenditure – Costs of state statute compliance.
3.25.060 Remaining funds to be placed in street fund.
3.25.010 Established.
A separate transportation fund shall be established for the purpose of collecting improvement, reimbursement and administrative fees. [Ord. 437 § 1, 2006].
3.25.020 Expenditure – Capacity-increasing capital improvements.
Improvement fee revenue may be spent only on capacity-increasing capital improvements or debt related to such improvements. [Ord. 437 § 2, 2006].
3.25.030 Expenditure – Systems-related capital improvements.
Reimbursement fee revenue may be spent only on capital improvements associated with the systems for which the fees are assessed and debt related to such improvements. [Ord. 437 § 3, 2006].
3.25.040 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. 437 § 4, 2006].
3.25.050 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. 437 § 5, 2006].
3.25.060 Remaining funds to be placed in street fund.
Any remaining funds upon termination shall be placed in the city’s street fund. [Ord. 437 § 6, 2006].