Skip to main content
Loading…
This section is included in your selections.

A. Fees paid pursuant to this chapter shall be paid to the city treasurer and shall be deposited in a special fund. Money in said fund, including accrued interest, shall be expended solely for the purposes enumerated in this chapter.

B. Collected fees shall be committed by the city council within five years after receipt of such fees or within five years after the issuance of building permits on one-half of the lots created by the subdivision, whichever occurs later; provided, however, that if such fees have not been so committed, the city council shall, without any deductions, distribute and pay unused fees to the then record owners of the subdivision in the same proportion that the size of their lot bears to the total area of all lots within the subdivision.

C. The finance director shall render reports to the city council annually by including in the fiscal year budget or other annual report the amount of fees received, the commitment of fees and fund balance. (Ord. 3646 § 1, 1995; Ord. 3317 § 1, 1990)