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ORDINANCE NO. 2012 - 002 percent; District VII --four (4) percent; District VIII --ten (10) percent; and District IX --five (5) percent. (B) Any funds in each of the trust accounts on deposit, not immediately necessary for expenditure, shall be invested in interest-bearing assets. All income derived from these investments shall be retained in the applicable trust account. (C) Each year, at the time the annual county budget is reviewed, the county administrator or his designee shall propose appropriations to be spent from the trust accounts. Any amounts not appropriated from the trust accounts by the county administrator or his designee, together with any interest earning shall be carried over in the specific trust account to the following fiscal period. (D) Refund of Certain Traffic Impact Fees Collected in Original Traffic Impact Fee District II Notwithstanding any other provision of this Code and based upon the Board's findingthat hat special and unique circumstances exist a one-time refund shall be made of certain traffic impact fees plus accumulated interest on such fees collected and paid into the original traffic impact fee District II trust account -("District II Account"). The total amount eligible for refund shall be the total amount held in the District II Account as of February 21, 2012, which amount is $1,115,696.67 ("Total Refund Amount") The refund shall be made in accordance with the following_ procedure: (a) starting with the last impact fee paid into the District II Account, and moving backward in time staff shall (i) identify each impact fee which was paid into the account and (ii) calculate simple interest on such fee from the date of payment of the fee until Februapy 21 2012 at the rate of six percent 6%) per annum ("calculated interest"), and repeat this process until the total amount of identified impact fees and calculated interest equals the Total Refund Amount, (b) staff shall then identi� the specific real property for which each identified impact fee was paid ("eligible property") (c) staff shall then identify the owner of each eligible property ("eligible owner") as of February 21, 2012, (d) staff shall then notify each eligible owner in writing no later than March 21 2012 that he/she is eligible for a refund in accordance with this section, upon submission of the application materials (as defined below) If staff has not received a response from the eligible owner within thirty (30) days of the first written notice, staff shall send a second written notice by hand delivery, certified mail return receipt requested or other form of overnight or express delivery which includes written confirmation with respect to delivery or non delivery Such notices shall be sent to each eligible owner at the address shown for the owner on the Property Appraiser's records relating to the eligible property or, if the Property Appraiser's records do not show an address at any other address determined by staff to be 3