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Dirks end tr�ilc fe�Q Porky anal trails foes collected oholl be spent within the <br />parks and trails capital facilities benefit district. The expenditure of parks and trails <br />feces ohcll 'c limited to parks and trails oapital facilities. <br />Capital facilities fees. Fees collected for each category of capital facilities <br />shall only be spent within the benefit district for that category. The <br />expenditure of fees for that category shall be limited to capital facilities of <br />the same cateaorv. For example, library fees collected shall only be spent <br />within the library capital facilities benefit district. The expenditure of library <br />fees shall be limited to library capital facilities. <br />Sec. 3.18.100. Review Update every five years. <br />A. Impact fee study. The impact fees described in this chapter and the <br />administrative procedures of this chapter shall be reviewed updated in an impact <br />fee study produced by an independent entity and guided by an Impact Fee <br />Liaison Committee at least once every five years beginning no later than <br />June 1, 2026. at I st once every five y4ero. by the city manager or the managers <br />designee The study will to ensure that (1) the demand and cost assumptions <br />underlying the impact fees are still valid, (2) the resulting impact fees do not exceed <br />the actual costs of constructing capital facilities that are of the type for which the <br />fees are paid and that are required to serve new impact- generating development, <br />(3) the monies collected or to be collected in each impact fee trust account have <br />been and are expected to be spent for capital facilities for which the fees were paid, <br />and (4) the capital facilities for which the fees are to be used will benefit the new <br />development paying the fees. <br />B. Impact fee liaison committee. The Impact Fee Liaison Committee will be <br />formed every 5 years beginning January 1, 2026 to advise city staff and <br />consultants during the development of a new impact fee study by providing <br />stakeholder input, reviewing key materials, and promoting transparency <br />throughout the process. The committee will be formed from representatives <br />from each of the advisory boards and commissions that provide input on the <br />capital facilities defined in Section 3.18.030 C. <br />Resolution No. 64, Series 2025 <br />Page 10 of 10 <br />