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(1) The revenues from fire impact fees collected within the service area and accrued interest on such revenues shall be used to finance project costs of qualifying fire improvements located within the same service area.

(2) Qualifying fire improvements are limited to capital improvements with a useful life of ten years or more that are identified in the adopted Capital Facilities Plan for fire impact fees.

(3) Fire impact fee revenues may be used to pay for the acquisition or construction of buildings and associated land used to house the City’ s fire and emergency medical service equipment and personnel, including the principal, interest, and other financing costs of bonds, notes, or other obligations issued by or in behalf of the City to finance qualifying improvements.

(4) Monies collected as fire impact fees shall not be used to pay for any of the following:

a. Construction, acquisition, or expansion of public facilities other than qualifying fire improvements; or

b. Replacement, repair, operation, or maintenance of existing fire facilities or capital equipment.

(Ord. No. 97-30 Enacted 07/01/1997)