A. Funds collected from transportation impact fees shall be used for the purpose of capital improvements to transportation facilities associated with the “Regional Transportation Facilities List.” Such improvements shall be of the type as are made necessary by the new development. No funds shall be used for periodic or routine maintenance. Funds shall be used exclusively for capital improvements within the city or for projects outside the city but within the Bakersfield Metropolitan General Plan area which are a direct benefit to the city.

B. In the event that bonds or similar debt instruments are issued for advanced provision of road capital improvements for which transportation impact fee may be expended, impact fees may be used to pay debt service on such bonds or similar debt instruments to the extent that the facilities provided are of the type described in subsection A above.

C. Each fiscal year, the administrator shall present to the city council a proposed update to the capital improvement plan for road construction projects as set forth in Section 15.84.030(C). Such plan shall indicate the approximate location, size, time of availability and estimates of cost for all improvements to be financed with transportation impact fees. Such plan shall be updated by the city council at a noticed public hearing as required by Government Code Section 66002. (Ord. 4150 § 1, 2003; Ord. 3736 § 1, 1996; Ord. 3513 § 1, 1993; Ord. 3429 § 1, 1992)