§ 1360-090. USE OF FEE

The purpose of this fee is to finance streets, parks, recreation facilities, community centers, general government services, courts and criminal justice facilities and services, law enforcement services and facilities, health and social services and facilities, library facilities, levees, and fire services and facilities and equipment to reduce the impacts of growth, including, but not limited to, increased use of County facilities such as park and recreation facilities, streets, libraries, courts, criminal justice, law enforcement, general county government services, levees, and fire services by new development within the County, as more fully described in the General Plan and the STUDY. The development impact fees collected pursuant to this ordinance shall be used to finance only the public facilities described or identified in the STUDY.

(1)

The County, in receiving the fee, shall deposit the fee with other fees for the improvement in a separate capital facilities account or fund in a manner to avoid any comingling of the fees with other revenues and funds of the local agency, except for temporary investments, and expend those fees solely for the purpose for which the fee was collected. Any interest income earned by monies in the capital facilities account or fund shall also be deposited in that account or fund and shall be expended only for the purpose for which the fee was originally collected. The fees may also be used to reimburse developers who have been required or permitted by section 1360-100 to install such listed facilities which are oversized with supplemental size, length, or capacity or pay for the County's future construction of facilities described herein or reimburse the County for those described or listed facilities constructed by the County with ones advanced by the County from other sources.

(2)

Notwithstanding the provisions of paragraph (a) above, the Board may authorize an interfund loan from any such revenues to be used for any other public facility described in the STUDY provided the Board sets a date on which the loan will be repaid and sets the rate of interest to be paid on the borrowed funds.

([1070] Ord. 1568, Sec. 1, March 20, 2012)