Ordinance 2017-1737 - Laserfiche WebLink

Home Browse Search

against transportation fees shall be provided only for transportation capital facilities on the city's road system. Credits against parks and trails fees shall be provided only for parks and trails capital facilities. _ . - - • - Section 8. Subsection A 2 of Section 3 18 060 of the Louisville Municipal Code is hereby amended to read as follows (words deleted are seen --thigh; words added are underlined) Sec. 3.18.060 Impact Fee Trust Fund. 2. Establishment of Accounts. The trust fund shall be divided into three (3) five (5) Accounts: . - •• - - • • , a library capital facilities account, a transportation capital facilities account, and a parks and trails capital facilities account; Section 9. Subsection B 2 of Section 3.18.060 of the Louisville Municipal Code is hereby amended to read as follows (words deleted are stpielen—tlifeugh; words added are underlined): Sec. 3.18.060 Impact Fee Trust Fund. 2. Immediate Deposit of Fees' in Appropriate Account in Trust Fund All impact fees collected by the city pursuant to this chapter shall be promptly deposited into the appropriate account in the trust Fund - . • = = - - - .. The library fees shall be deposited into the library pollee capital facilities account. The transportation fees shall be deposited into the transportation capital facilities account The parks and trails fees shall be deposited into the parks and trails capital facilities account Section 10. Section 3 18.070 of the Louisville Municipal Code is hereby amended to read as follows (words deleted are stn hrough; words added are underlined): Sec. 3.18.070 Expenditure of impact fees. AB. Library capital facilities fee. The monies collected from the library fee shall be used only to acquire or construct library capital facilities within the city. Ordinance No 1737, Senes 2017 Page 6 of 10