Resolution 2025-64 - Laserfiche WebLink

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city library oapital facilitics, transportation oapital facilitics, and parks and trails oapital facilities capital facilities defined in Sec. 3.18.030 C. used in the most recent impact fee study, and shall document the relevant methodologies and assumptions used. Sec. 3.18.050. - Credits. A. Standards. 1. General. Any person causing the commencement of impact -generating development may apply for credit against impact fees otherwise due, up to but not exceeding the full obligation of impact fees proposed to be paid pursuant to the provisions of this chapter, for any contributions, construction, or dedication of land (where appropriate) accepted by the city for city library oapital fa^i's transportation oapital facThties, and parks and trailc capital facilities capital facilities defined in Sec. 3.18.030 C. Credits against library feces ohall ho provided odor library capital facilities. Credits againot tranoportation fcoo ohall be provided only for tranoportation oapital facili+ies on +he ^i+.,s road system Credits againot parko and trails fca^ shall be provided only for parks and trailo capital facilities. Credits against a category of capital facility defined in Section 3.18.030 C. shall be provided only for the same category of capital facility. For example, credits against library fees shall be provided only for library capital facilities. Sec. 3.18.060. Impact fee trust fund. A. Establishment of trust fund and trust accounts. 1. Establishment of accounts. The trust fund shall be divided into three (3) Accountc: o library capital facilities account, a transportation capital facilities account, and a parks and trailo capital facilities account. Separate capital facilities accounts for each of the capital facility categories defined in Section 3.18.030 C. B. Deposit and management of accounts and trust fund. 2. Managed in conformance with CRS § 29-1-801 et seq. The impact fee trust fund and the fivc twelve accounts shall be maintained as an interest bearing account and shall be managed in conformance with CRS § 29-1-801 et seq. 3. 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. T-ho library fees shall -be deposited into tI4o library-oapita; facilities account. The transportation foto ohall Ico deposited into Resolution No. 64, Series 2025 Page 7 of 10