13.21.060 Annual review.
A. Each year, during the budget review process, the city council will review the status of compliance with this chapter and the degree to which fees collected pursuant to this chapter are mitigating the impacts of new industrial, commercial and residential development projects and new development entitlements.
B. For each of the accounts established by this chapter, the city shall, within sixty days after the close of each fiscal year, make available to the public all of the following information:
1. The beginning and ending balance for the fiscal year in that account;
2. The fee, interest and other income to that account for the fiscal year;
3. The amount of expenditure by line item category from that account during the fiscal year;
4. The amount of refunds made pursuant to Section 66001(e) of the Government Code out of that account during the fiscal year.
C. The city council shall review the information described in subsection B of this section, at the next regularly scheduled public meeting of the council, not less than fifteen days after the information required by that subsection is made available to the public.
D. Five years after the effective date of the ordinance which adopted this chapter, the city council will consider a report by the city manager reviewing the fee formulae established to implement the provisions of this chapter to determine whether any adjustments in the formulae are warranted.
E. Once all of the benefited properties have developed and the fees associated with them have been paid, the city council will determine whether there is any further need for this chapter. If there is none, the council may rescind the ordinance codified in this chapter and provide a final accounting of the reserve accounts created pursuant to the ordinance codified in this chapter. (Ord. 493 §1 (Exh. A), 2004).