27.13.120 ACCUMULATION AND USE OF FUNDS.

(a) Transportation Improvement Fee Fund. The City shall deposit the fees collected under this chapter in a special fund, the Transportation Improvement Fee Fund, designated solely for transportation improvements.

(b) Use of Funds. The fees and interest earned on accumulated funds shall be used only to:

(1) Complete the transportation improvement projects specified in the Transportation Improvement Fee Technical Report, or to reimburse the City for such construction if funds were advanced by the City from other sources; or

(2) Reimburse developers who have been required or permitted to install improvements identified in the Transportation Improvement Fee Technical Report which are oversized in width, length, or capacity, relative to demand generated by the subject project; or

(3) Pay costs required for the administration of this ordinance.