§ 24-64. Use of monies.

(a)

The board hereby creates the "Osceola County Fire Rescue Impact Fee Special Revenue Fund" which shall be maintained separate and apart from all other county accounts.

(b)

Fire rescue impact fees shall be deposited into the Osceola County fire rescue impact fee special revenue fund immediately upon receipt.

(c)

Funds on deposit in the Osceola County fire rescue impact fee special revenue fund, as established in paragraph (1) above, shall be used solely for the purpose of providing growth-necessitated capital facilities and capital equipment for the fire rescue system including, but not limited to:

(1)

Land acquisition, including any cost of acquisition or condemnation;

(2)

Fees for professional services, including but not limited to architecture, engineering, surveying, landscaping, soils and material testing, legal, appraisals, and construction management;

(3)

Design and construction plan preparation;

(4)

Site development and on-site and off-site improvements incidental to the construction thereto;

(5)

Any permitting or application fees necessary for the construction;

(6)

Design and construction of new fire rescue capital facilities;

(7)

Design and construction of new drainage facilities required by the construction of fire rescue facilities or improvements thereto;

(8)

Relocating utilities required by the construction of fire rescue facilities or improvements or additions thereto;

(9)

Landscaping;

(10)

Construction management and inspection;

(11)

Surveying, soils, and materials testing;

(12)

Acquisition of capital equipment for the fire rescue system;

(13)

Repayment of monies borrowed from any budgetary fund of the county which was used to fund growth necessitated capital improvements to the fire rescue system as provided herein;

(14)

Payment of principal and interest, necessary reserves and costs of issuance under any bonds or other indebtedness issued by the county to fund growth-necessitated improvements and additions to the fire rescue system subsequent to the effective date of this article; and

(15)

Costs related to the administration, collection, and implementation of the fire rescue impact fees.

(d)

The monies deposited into the Osceola County fire rescue impact fee special revenue fund shall be used solely to provide capital facilities and capital equipment for the fire rescue system as necessitated by growth as projected in the fire rescue impact fee study and shall not be used for any expenditure that would be classified as a maintenance or repair expense. A report will be prepared annually by the county reflecting the collection and expenditures of fire rescue impact fees by the county during the previous year.

(e)

Any funds on deposit in the Osceola County fire rescue impact fee special revenue fund which are not immediately necessary for expenditure shall be invested by the county. All income derived from such investments shall be deposited in the Osceola County fire rescue impact fee special revenue fund and used as provided herein.

(f)

The county may retain administrative fees from the fire rescue impact fees collected in accordance with section 24-10 of this Code.

(Ord. No. 2017-96, § 8, 12-11-17)