707-99 Transportation Impact Fees

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• OR BK 4-100 PG 1 4 '1 8 of 11 Impact fees shall be based on the rates in effect at the time of payment.: B. Should any payment not be made at the required time, said delinquency shall constitute a special assessment against the property upon which the development occurred. The City shall be entitled to file a lien upon the real property; and may enforce same in the manner as. actions for foreclosure. In any action to foreclose a lien pursuant to this Ordinance the City shall, in addition to damages, be entitled to reasonable attorney fees. This provision shall apply retroactively as well as prospectively. SECTION VII, Use of Funds Collected. • A. The funds collected by reason of establishment of a road impact fee in accordance with this Ordinance shall be used solely for the purpose of constructing or improving roads, streets, highways and bridges on the major road network system including but not limited to: 1. design and construction plan preparation, 2. right-of-way acquisition; 3. construction of new through lanes,. 4. construction of new turn lanes, 5. construction of new bridges, 6. construction of drainage facilities in conjunction with new roadway construction, 7. purchase and installation of traffic signalization, 8. construction of new curbs, medians and shoulders, - - 9. relocating utilities to accommodate new roadway construction. Funds shall be used for capital improvements or expansion within the City of Zephyrhills or for projects within Pasco County traffic impact fee zone 6 that are of direct benefit tot .. e development from which the funds were collected. Said funds shall not be used to maintain the existing major"road network'system. - SECTION VIII. Trust Funds Established. - A. There is,hereby established a trust funds for transportation improvements. B. Funds may be withdrawn from this account for use solely in accordance with the provisions of Section VII of this Ordinance; provided, that the disbursement of such funds shall require approval of the City Manager. C. : Any funds on deposit not immediately necessary for expenditure shall beinvested in interest bearing sources. All income derived shall be deposited in the trust fund. D. The fees collected pursuant to this Ordinance may be returned to the present owner if the land development activity generating traffic is cancelled due to non-commencement of construction beforethe funds have been committed or spent pursuant to Section VI. Refunds may be made in accordance with Sections VIII. D. 2. and VIII. D. 3. provided the then-present own-r petitions City Council for the refund within six (6) months from the date of issuance of a construction or building permit.