§ 98-348. Timely utilization of fees; refund.

It is intended that the fees collected by this article will be utilized in a timely manner to provide additional capacity of general benefit facilities. For purposes of this article, timely utilization of fees is determined to mean the encumbrance of funds for general benefit contracts within five years from the date of the receipt of a fee. In the event that such proceeds are not encumbered within five years of date of receipt, such fees will be refunded to the present property owner upon written request.

(Code 1973, § 21-158; Ord. No. 1360, § 8, 6-22-87)