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<br />D. The fmance department shall maintain and keep financial records for impact fees, wrnch shall <br />show the source and disbursement of all fees collected in or expended from each account. The <br />records of the accounts into which impact fees are deposited shall be open for public inspection <br />and copying during ordinary business hours. <br /> <br />E. The finance department shall maintain and keep financial records for these accounts which <br />shall show the source and disbursement of all funds placed in or expended from the accounts. <br /> <br />Section 12. Use of Proceeds ofImpact Fee Accounts. <br /> <br />A. The impact fees collected under this ordinance may be used to finance or to recoup the costs <br />of any capital improvements or facility expansion identified in the capital improvements plan <br />for the applicable category of capital improvements, including but not limited to the <br />construction contract price, surveying and engineering costs, and land acquisition costs <br />(including purchase price, court awards and costs, attorney's fees, and expert witness fees). <br />Impact fees may also be used to pay the principal sum and interest and other finance costs on <br />bonds, notes or other obligations issued by or on behalf of the City to finance capital <br />improvements or facility expansions. Impact fees also may be used to pay fees paid to an <br />independent qualified engineer or financial consultant for preparing or updating the capital <br />improvements plan. <br /> <br />B. Impact fees collected under this ordinance shall not be used to pay for any of the following <br />expenses: <br /> <br />1. Construction, acquisition or expansion of capital improvements or assets other than those <br />identified in the capital improvements plan for the applicable category of capital improvements; <br /> <br />2. Repair, operation, or maintenance of existing or new capital improvements or facility <br />expanSIOns; <br /> <br />3. Upgrade, expansion or replacement of existing capital improvements to serve existing <br />development in order to meet stricter safety, efficiency, environmental or regulatory standm'ds; <br /> <br />4. Upgrade, expansion, or replacement of existing capital improvements to provide better <br />service to existing development; provided, however, that impact fees may be used to pay the <br />costs of upgrading, expanding or replacing existing capital improvements in order to meet the <br />need for capital improvements generated by new development; or <br /> <br />5. Administrative and operating costs of the city. <br /> <br />Section 13. Appeals <br /> <br />A. The property owner or applicant for new development may appeal the following <br />administrative decisions to the city council: <br /> <br />10 <br />