1. Funds collected from impact fees shall be used solely for the purpose of acquiring and/or making capital improvements and their related costs to public facilities under the jurisdiction of Lindon City.

2. Funds shall be used exclusively for acquisitions, expansions, or capital improvements within the impact fee districts as identified in the Written Analysis, from which funds were collected or for projects in other impact fee districts which are of benefit to the impact fee district from which the funds were collected (e.g. The Main City Park). Funds shall be expended in the order in which they are collected.

3. In the event that bonds or similar debt instruments are issued for advanced provision of capital facilities for which impact fees may be expended, impact fees may be used to pay debt service on such bonds or similar debt instruments to the extent that the facilities provided are of the type described in paragraph 1 above and are located within the appropriate impact fee districts created by section 080 of this ordinance or as provided in paragraph 2 of this section.

4. At least once each fiscal period the Mayor shall present to the City Council a proposed capital improvements program for public facilities, assigning funds, including any accrued interest, from the several impact trust funds to specific public improvement projects and related expenses. Monies, including any accrued interest, not assigned in any fiscal period shall be retained in the impact fee trust funds until the next fiscal period, except as provided by the refund provisions of this ordinance.

5. Funds may be used to provide refunds as described in section 110.

6. The City shall be entitled to retain not more than twenty percent (20%) of the funds collected as compensation for the expense of collecting the fee and administering this ordinance. (Ord. 97-11, adopted, 2000)