§ 4-348. Fee in lieu of dedication.

The city council may require or accept, in lieu of a dedication or conveyance by written instrument or document, a dedication fee to be used for the expansion of the specific public improvements for which dedication was required. Such fees shall be established by resolution in a just and equitable manner based upon the factors set forth in this Land Development Code, and upon city public improvement policies related to the need for property or fees in lieu of dedication, as established by the city council and in accordance with the following:

(1)

Fees accepted in lieu of dedication shall be deposited by the city in separate trust funds or accounts established for specific categories of public improvements, including roads, utilities, schools, and parks. Thereafter, money in said funds or accounts shall be expended solely for acquisition or construction in connection with the expansion of the public improvement program for which the fee was collected.

(2)

Money appropriated from the above-referenced funds shall be allocated, as practicably as possible, to serve those projects and areas generating said monies.

(Ord. No. 05-536, § 303.15G, 12-20-2005)