§ 70-515. Establishment of mobility fee funds.

There are hereby-established separate mobility fee fund accounts, one for each of the mobility fee districts established in Section 70-507 hereof. For accounting purposes, the mobility fee funds shall be considered special revenue funds. Mobility fees collected from property located in each mobility fee district shall be deposited into the corresponding mobility fee fund. If a parcel of property is located in more than one mobility fee districts, the mobility fee paid in respect thereof shall be allocated between the mobility fee districts, based on the percentage of developable property acreage located within each mobility fee district. Funds withdrawn from these accounts shall be used solely in accordance with the provision of Section 70-516.

(Ord. No. 2015-051, § 1, 9-8-2015)