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city library capital facilities, transportation capital facilities, and parks and trails <br />capitol facilities capital facilities defined in Sec. 3.18.030 C. used in the most <br />recent impact fee study, and shall document the relevant methodologies and <br />assumptions used. <br />Sec. 3.18.050. - Credits. <br />A. Standards. <br />1. General. Any person causing the commencement of impact -generating <br />development may apply for credit against impact fees otherwise due, up to but not <br />exceeding the full obligation of impact fees proposed to be paid pursuant to the <br />provisions of this chapter, for any contributions, construction, or dedication of land <br />(where appropriate) accepted by the city for city library capital facilities, <br />capital <br />facilities defined in Sec. 3.18.030 C. Credits against library fees shall be provided <br />only for library capital facilities. Credits against transportation foes shall be <br />facilities. Credits against a category of capital facility defined in Section <br />3.18.030 C. shall be provided only for the same category of capital facility. <br />For example, credits against library fees shall be provided only for library <br />capital facilities. <br />Sec. 3.18.060. Impact fee trust fund. <br />A. Establishment of trust fund and trust accounts. <br />1. Establishment of accounts. The trust fund shall be divided into three (3) <br />Accounts: a library capital facilities account, a—trans-porttion c-a ital cilit es <br />account, and a parks and trails capital facilities account. Separate capital <br />facilities accounts for each of the capital facility categories defined in <br />Section 3.18.030 C. <br />B. Deposit and management of accounts and trust fund. <br />2. Managed in conformance with CRS § 29-1-801 et seq. The impact fee trust <br />fund and the five twelve accounts shall be maintained as an interest bearing <br />account and shall be managed in conformance with CRS § 29-1-801 et seq. <br />3. Immediate deposit of fees in appropriate account in trust fund. All impact <br />fees collected by the city pursuant to this chapter shall be promptly deposited into <br />the appropriate account in the trust fund. The library fees shall be deposited into <br />thethe—transpartatien—c-ap-ital facilities account. The parks and trails foes shall be <br />deposited into the parks and trails capital facilities account. The fees for each <br />Ordinance No. 1902, Series 2025 <br />Page 5 of 9 <br />