§ 56.19. Use of Funds Collected.

A.

The funds collected by reason of establishment of the transportation impact fee in accordance with this Chapter shall be used solely for the purpose of administering, planning, acquisition, expansion and development of non-site related transportation improvements to the City's Multimodal Transportation network, within the City of Orlando, determined to be needed to serve new land uses, including, but not limited to:

(1)

corridor studies and environmental assessments.

(2)

design and construction plan preparation.

(3)

right-of-way acquisition.

(4)

construction of new through lanes.

(5)

construction of new turn lanes.

(6)

construction of new bridges.

(7)

construction of new drainage facilities in conjunction with new roadway construction.

(8)

design, purchase and installation of traffic signalization, signage and marking.

(9)

construction of new curbs, medians and shoulders,

(10)

construction of mass-transit projects,

(11)

construction of multi-use bicycle trails.

(12)

pedestrian improvements that are integrally related to transportation improvements and serve to separate pedestrians from vehicles, thus enhancing the carrying capacity of the transportation system.

(13)

other improvements, as determined by the City's Transportation Planning Division Manager, that add to the pedestrian or vehicle carrying capacity of the transportation system.

B.

All funds shall be used exclusively within the Transportation Benefit Areas (See Exhibit B) from which they were collected and in a manner consistent with the principles set forth in State ease and Statutes law, and otherwise consistent with all requirements of the Constitution of the United States and the State of Florida and all applicable laws. Said funds shall not be used to maintain or repair any roads or other transportation improvements.

C.

Interest on Funds. Any funds on deposit not immediately necessary for expenditure shall be invested in interest-bearing accounts. All income derived shall be deposited in the applicable trust account.

D.

City of Orlando shall be entitled to retain an amount of $150,000 or three percent (3%), whichever is greater, of the aggregate of annual, collected impact fees. The retained funds shall be utilized to offset the actual administrative costs associated with the collection and use of said funds that year pursuant to this Ordinance.

(Ord. of 8-25-1986, Doc. #20552; Ord. of 1-11-1988, Doc. #21784; Ord. of 7-16-1990, Doc. #24073; Ord. of 9-11-2006, § 1, Doc. #0609111005; Ord. of 8-30-2010, § 10, Doc.#1008301103; Ord. No. 2012-40, § 1, 10-22-2012, Doc. #1210221201; Ord. No. 2017-73, § 10, 1-8-2018, Doc. #1801081209)