Funds collected from transportation impact mitigation fees shall be used for the purpose
of (1) paying the actual or estimated costs of constructing and/or improving the pertinent
transportation and transit facilities within the county necessary to serve development
projects and subdivisions, including any required acquisition of land or rights of
way; (2) reimbursing the county for the development's or subdivision's share of those
transportation or transit facilities already constructed by the county, or to reimburse
the county for costs advanced; or (3) reimbursing other developers or subdividers
who have constructed transportation or transit facilities that were beyond those needed
to mitigate the impact of their own project or subdivision and which benefit the newly
proposed project or subdivision.
(b)
In the event that bonds or similar debt instruments are issued for advanced provision
of transportation or transit facilities which benefit a proposed project or subdivision,
the transportation impact mitigation fees paid by the project or subdivision may be
used for debt service on such bonds or similar debt instruments.
(c)
Funds may be used to provide refunds, as provided herein.
(Ord. No. 4270)
var val = document.getElementById('citecontent').innerHTML;
art.dialog.defaults.title = window.location.href;
art.dialog.data('cite', val);
art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');
