§ 18-6. Impact fee revenues.
(a)
Revenues from impact fees established by this chapter shall be placed in a segregated interest-bearing account and shall be accounted for separately from the other funds of the town. Impact fee revenues and interest earned on impact fee revenues may be expended only for the particular capital costs for which the impact fee is imposed, unless the impact fees are refunded as provided below.
(b)
All impact fees that are imposed and collected by the town shall be expended for a permitted capital cost allowed under the terms of this chapter within the maximum retention period allowed by Wis. Stats. § 66.0617(9), including any extensions allowed thereby and, if not expended within such time, shall be refunded to the current owner of the property with respect to which the impact fee was imposed, together with any accumulated interest.
(Ord. of 9-8-2017, § 12-12-6)