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library capital facilitit transportation capital facilitics, and parks and trails capital <br />facilities. each category of capital facility. Based on this recommendation, the <br />city council shall approve an annual impact fee capital facilities budget and assign <br />monies from the trust accounts for the specific capital facilities identified. Any <br />monies, including any accrued interest, not assigned to specific capital facility <br />projects and not expended shall be retained in the same impact fee trust account <br />until the next fiscal year. <br />Sec. 3.18.080. - Benefit districts. <br />A. Establishment. <br />1. rani capital ►itieslaecause_all new impact_g�ating development <br />win-benefitfrom the library capital facilities f ended by the library foot the r ity shall <br />e <br />contain one library capital facilities benefit district. The district boundaries arc <br />coterminous with the city's boundaries. <br />2. Transportation capital facilities. Because all new impact generating <br />development will bcncfit from thc transportation capital facilitics funded by thc <br />transportation -fee -sr the city shall contain one transportation capital facilities benefit <br />2. Parksand trails cape iities.Becca so all new impact generating <br />development will benefit from the parks and trails capital facilities f ender! b„ the <br />parks and trails fees, the city shall contain one parks and trails capital facilities <br />Capital facilities benefit districts. All new impact -generating development <br />will benefit from each category of capital facilities defined Section 3.18.030 <br />C. to the extent determined by the most recent impact fee study. Because <br />fees fund each category of capital facilities, the city shall contain one capital <br />facilities benefit district for each category of capital facilities. The district <br />boundaries are coterminous with the citv's boundaries. <br />B. Expenditure. <br />1. Library fees. Library fees collected shall only be spent within the librar„ capital <br />facilities benefit district. The expenditure of library fees shall be limited to library <br />capital facilitics. <br />2. Transportation fcoo. Trancportaton fees ooriected-shall only be pent within the <br />transportation capital facilities benefit district. The expenditure of tranoportation <br />fees shall be limited to transportation capital facilities <br />Resolution No. 64, Series 2025 <br />Page 9 of 10 <br />