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(1) Intent. Any "fair share roadway improvement fees" collected pursuant to the terms of this article <br />are expressly designated for accommodation of impacts reasonably attributable to the proposed land <br />development activity generating traffic as hereinafter provided in this section. <br />(2) Establishment of fair share roadway improvement trust fund and trust accounts. There is hereby <br />established the "fair share roadway improvements trust fund" (trust fund) for the purpose of ensuring that <br />the fees collected pursuant to this chapter are designated for the accommodation of impacts reasonably <br />attributable to the proposed land development activity generating traffic and are consistent with the Indian <br />River County Comprehensive Plan. The trust fund shall be divided into three Pine (39) separate trust <br />accounts, one for each district as shown on the Current Impact Fee Benefit District Map which is attached <br />hereto and incorporated herein by reference. Impact fees collected and deposited into the orijzinal nine trust <br />accounts prior to the effective date of this ordinance shall be expended in the original district in which they <br />were collected until all funds within said districts have been expended accordin to o the provisions of this <br />ordinance. The original impact fee district boundaries are shown on the Interim Impact Fee Benefit District <br />Map which is attached hereto and incorporated herein by reference. <br />(3) Payment of fair share fees into trust accounts. "Fair share roadway improvement fees" collected <br />pursuant to this chapter shall be paid into the trust accounts established for the district in which the new land <br />development activity is proposed. <br />(4) Expenditure of fair share fees in trust accounts. <br />(a) Proceeds from the trust accounts shall be used exclusively for capital expansion of the <br />county's major road network system as identified on the county's and/or other municipalities' <br />Thoroughfare Plan Maps, in the district from which the monies have come, and in a manner <br />consistent with the Indian River County Comprehensive Plan. , except that, until the trust <br />fund accounts of the nine original benefit districts have been expended, the following <br />percent of proceeds from the nine (9) trust accounts may be used outside the district <br />boundaries for capacity expansion of bridge facilities and their access roads connecting <br />Orchid Island and the mainland: District I --thirty-one (3 1) percent; District II --nineteen (19) <br />percent; District III --eight (8) percent; District IV --nine (9) percent; District V --ten (10) <br />percent; District VI --four (4) percent; District VII --four (4) percent; District VIII --ten (10) <br />percent; and District IX --five (5) percent. <br />(b) Any funds in each of the trust accounts on deposit, not immediately necessary for <br />expenditure, shall be invested in interest-bearing assets. All income derived from these <br />investments shall be retained in the applicable trust account. <br />(c) Each year, at the time the annual county budget is reviewed, the county administrator or his <br />designee shall propose appropriations to be spent from the trust accounts. Any amounts not <br />appropriated from the trust accounts by the county administrator or his designee, together <br />with any interest earnings shall be carried over in the specific trust account to the following <br />fiscal period. <br />Section <br />953.12. <br />Use of funds collected <br />and trust funds. <br />(1) Intent. Any "fair share roadway improvement fees" collected pursuant to the terms of this article <br />are expressly designated for accommodation of impacts reasonably attributable to the proposed land <br />development activity generating traffic as hereinafter provided in this section. <br />(2) Establishment of fair share roadway improvement trust fund and trust accounts. There is hereby <br />established the "fair share roadway improvements trust fund" (trust fund) for the purpose of ensuring that <br />the fees collected pursuant to this chapter are designated for the accommodation of impacts reasonably <br />attributable to the proposed land development activity generating traffic and are consistent with the Indian <br />River County Comprehensive Plan. The trust fund shall be divided into three Pine (39) separate trust <br />accounts, one for each district as shown on the Current Impact Fee Benefit District Map which is attached <br />hereto and incorporated herein by reference. Impact fees collected and deposited into the orijzinal nine trust <br />accounts prior to the effective date of this ordinance shall be expended in the original district in which they <br />were collected until all funds within said districts have been expended accordin to o the provisions of this <br />ordinance. The original impact fee district boundaries are shown on the Interim Impact Fee Benefit District <br />Map which is attached hereto and incorporated herein by reference. <br />(3) Payment of fair share fees into trust accounts. "Fair share roadway improvement fees" collected <br />pursuant to this chapter shall be paid into the trust accounts established for the district in which the new land <br />development activity is proposed. <br />(4) Expenditure of fair share fees in trust accounts. <br />(a) Proceeds from the trust accounts shall be used exclusively for capital expansion of the <br />county's major road network system as identified on the county's and/or other municipalities' <br />Thoroughfare Plan Maps, in the district from which the monies have come, and in a manner <br />consistent with the Indian River County Comprehensive Plan. , except that, until the trust <br />fund accounts of the nine original benefit districts have been expended, the following <br />percent of proceeds from the nine (9) trust accounts may be used outside the district <br />boundaries for capacity expansion of bridge facilities and their access roads connecting <br />Orchid Island and the mainland: District I --thirty-one (3 1) percent; District II --nineteen (19) <br />percent; District III --eight (8) percent; District IV --nine (9) percent; District V --ten (10) <br />percent; District VI --four (4) percent; District VII --four (4) percent; District VIII --ten (10) <br />percent; and District IX --five (5) percent. <br />(b) Any funds in each of the trust accounts on deposit, not immediately necessary for <br />expenditure, shall be invested in interest-bearing assets. All income derived from these <br />investments shall be retained in the applicable trust account. <br />(c) Each year, at the time the annual county budget is reviewed, the county administrator or his <br />designee shall propose appropriations to be spent from the trust accounts. Any amounts not <br />appropriated from the trust accounts by the county administrator or his designee, together <br />with any interest earnings shall be carried over in the specific trust account to the following <br />fiscal period. <br />Coding: <br />words <br />in th-rou <br />type deletions <br />from <br />law. Words <br />strike <br />are existing <br />underlined are <br />additions. <br />13 <br />