9-2-19: EXPENDITURE OF IMPACT FEES:

   A.   Permitted Expenditures: Except as otherwise provided, impact fees, including accrued interest, shall only be expended on public facilities identified in the CIP for the relevant service area. Impact fees may be expended for, but not limited to, the construction contract price, surveying and engineering fees, and land acquisition costs for public facilities. Impact fees may also be used to pay the principal and interest payments (including sinking fund payments) on bonds or other borrowed revenues used to acquire, expand or improve public facilities. Expenditures may be made to purchase additional land from a fee payer where such purchase is consistent with the purpose of this chapter.

   B.   Prohibited Expenditures: Impact fees collected pursuant to this chapter shall not be used to pay for any of the following:

      1.   Construction, acquisition or expansion of projects or assets other than capital improvements or facility expansions identified in the CIP(s);

      2.   Repair, operation or maintenance of existing or new capital improvements or facility expansion;

      3.   Upgrade, update, expansion or replacement of existing capital improvements to provide better service to existing development;

      4.   Upgrade, update, expansion or replacement of existing capital improvements to serve existing development in order to meet stricter safety, efficiency, environmental or regulatory standards; and

      5.   Administrative and operating costs incurred by the City. (Ord. 43-16, 12-13-2016, eff. 1-1-2017)