§ 157.12. USE OF IMPACT FEES COLLECTED PURSUANT TO THIS CHAPTER.

Any and all fees collected pursuant to the provisions of this chapter may be utilized for the following purposes only by the Town of Cicero, acting by and through the Cicero Town Council which, for the purposes of this chapter, is identified as the "infrastructure agency" contemplated by I.C. 36-7-4-1317:

(A) Providing funds to be utilized by the town for the purpose of paying the capital costs of new park and recreational infrastructure that is necessary to serve the new development within the corporate limits of the town and that is identified in the Plan;

(B) An amount not to exceed 5% of the annual collections of the fee to be utilized for expenses incurred by the town for the consulting services used to establish this chapter;

(C) To pay any refund due pursuant to the terms of this chapter; and

(D) To pay the debt service cost on an obligation issued to provide new park and recreational infrastructure described in division (A) above.

(Ord. 10-16-2007-3, passed 12-18-07; Am. Ord. 12-18-2012-3, passed 12-18-12)