3.878 Dedicated Accounts and Appropriate Use of Accounts.
(1) All monies derived from Improvement Fee SDCs shall be placed in SDC Improvement Fee accounts and shall be used solely for the purpose of providing capacity-increasing capital improvements and the City’s adopted capital improvement plans, and for eligible compliance and administrative costs. In this regard, these SDC revenues may be used for purposes that include, but are not limited to:
(a) design and construction plan preparation;
(b) permitting;
(c) land and materials acquisition, including any costs of acquisition or condemnation;
(d) construction of capital improvements;
(e) design and construction of new drainage facilities required by the construction of capital improvements and structures;
(f) relocating utilities required by the construction of improvements;
(g) landscaping;
(h) construction management and inspection;
(i) surveying, soils and material testing;
(j) acquisition of capital equipment that is an intrinsic part of a facility;
(k) demolition that is part of the construction of any of the improvements on this list;
(l) payment of principal and interest, necessary reserves and costs of issuance under any bonds or other indebtedness issued by the City to provide money to construct or acquire facilities;
(m) direct costs of complying with the provisions of ORS 223.297 to 223.314, including the consulting, legal, and administrative costs required for developing and updating master plans, the system development charges methodology, and capital improvement plan; and the costs of collecting and accounting for system development charges revenues and expenditures.
(2) All monies derived from Reimbursement Fee SDCs shall be placed in SDC Reimbursement Fee accounts and shall be used solely for the purpose of providing capital improvements identified in the City’s adopted capital improvements plans, and for eligible compliance and administrative costs.
(a) Money on deposit in any SDC Account shall not be used for:
(i) any expenditure that would be classified as a maintenance or repair expense; or
(ii) costs associated with the construction of administrative office facilities that are more than an incidental part of other capital improvements; or
(iii) costs associated with acquisition or maintenance of rolling stock.