Use of proceeds.
Cape Coral Code of Ordinances § 2-24.12
in effect§ 2-24.12 - Use of proceeds.
(a) The funds accumulated by reason of the collection of Fire and Rescue impact fees shall be used only for the purchase of fire capital improvements consisting of infrastructure as defined in F.S. § 163.31801(3) and vehicles for fire fighting and fire protection services necessary for the protection of the public.
(b) The funds accumulated by reason of the collection of police protection impact fees shall be used only for the purchase of capital improvements consisting of infrastructure as defined in F.S. § 163.31801(3) and vehicles for police protection services to benefit the public.
(c) The funds accumulated by reason of the collection of ALS impact fees shall be used only for the purchase of capital improvements consisting of infrastructure as defined in F.S. § 163.31801(3) and vehicles for ALS services to benefit the public.
(d) Disbursement of funds and investments. Monies may be disbursed from the trust funds established by this section in the customary manner in accordance with law. Any funds on deposit in any of the trust funds which are not reasonably contemplated to be immediately needed for the purposes intended, may be invested by the city's financial services department from time to time in investments in accordance with the city's investment policies. Any interest or proceeds received from the investment of the funds shall become part of the fund and may not be used for any other purpose.
(Ord. 16-87, § 1, 5-27-1987; Ord. 52-97, 8-15-1997; Ord. 81-01, 10-9-2001; Ord. 47-06, 6-5-2006; Ord. 12-26, § 1, 3-25-2026, eff. 7-1-2026)
Source: City of Cape Coral, Florida, Code of Ordinances, City Charter and Land Development Code (Municode Library, library.municode.com)URL: https://library.municode.com/fl/cape_coral/codes/code_of_ordinances?nodeId=CH2AD_ARTIIFE_DIV3PUSAIMFE_S2-24.12USPRFetched: 11/4/2026