12.10.150 Segregation and Use of Revenue.
A. All SDC proceeds must be segregated by accounting practices from all other funds of the City. SDC proceeds must be used only for capital improvement of the type for which they were collected and authorized costs and overhead.
B. The City Manager is directed to provide the City Council with an annual accounting, based on the City’s fiscal year, for SDCs showing the total amount of SDC revenues collected for each type of facility and the projects funded from each account in the previous fiscal year. A list of the amounts spent on each project funded in whole or in part with SDC revenues must be included in the annual accounting.
C. The monies deposited into each SDC account must be used solely as allowed by this chapter and State law, including, but not limited to:
1. Design and construction plan preparation;
2. Permitting and fees;
3. Land, easements, and materials acquisition, including any cost of acquisition or condemnation, including financing, legal and other costs;
4. Construction of capital improvements;
5. Design and construction of new utility facilities required by the construction of capital improvements and structures;
6. Relocating utilities required by the construction of improvements;
7. Landscaping;
8. Construction management and inspection;
9. Surveys, soils, and materials testing;
10. Acquisition of capital equipment;
11. Repayment of monies transferred or borrowed from any budgetary fund of the City which were used to fund any of the capital improvements as herein provided; and
12. Payment of principal and interest, necessary reserves and cost of issuance under bonds or other indebtedness issued by the City to fund capital improvements. [Ord. NS-2491, 2024; Ord. NS-2161, 2011]