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SECTION VI . Phased Implementation. The provisions of this Ordinance will be implemented during a three year period as follows: Building or construction permits issued by the Building Official, October 1 , 1988 through September 30, 1989 will require payment of 1/3 of the calculated impact fee. Building or construction permits issued by the Building Official, October 1, 1989 through September 30 , 1990 will require payment 11/of 2/3 of the calculated impact fee. Building or construction permits issued by the Building Official, October 1, 1990 through September 30 , 1991 will require payment of the full calculated impact fee. SECTION VII . Time of Payment. A. The "Fair Share Fee" shall be due and paid upon the issuance of any building or development permits for any new or additional land development activity generating traffic except single family and duplex dwellings. The fee for each single family or duplex dwelling is due prior to issuance of a Certificate of Occupancy for the dwelling. Impact fees paid shall be based on the rates in effect at the time of payment. All funds collected shall be properly identified and promptly deposited in an appropriate trust fund to be held in a separate account as determined in Section IX of this Ordinance and used solely for the purpose as established by this Ordinance. B. The City of Zephyrhills as Collecting Agency shall be entitled to retain one percent ( 1%) of the total funds collected to offset the costs associated of these funds. This collection cost shall be retained before calculating any division of fees with Pasco County or FDOT as established by separate agreement. SECTION VIII. Use of Funds Collected. A. The funds collected by reason of the 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 new 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 to the development from which the funds were collected. Said funds shall not be used to maintain the existing major road network system. O.R. 1742 PG 0173 '