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Trust funds established.

Cape Coral Code of Ordinances § 2-24.11
in effect
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§ 2-24.11 - Trust funds established. (a) (1) There are hereby established three separate and distinct trust funds for monies collected by imposition of the City of Cape Coral public safety impact fees. (2) There shall be a fire and rescue impact fee trust fund, a police protection impact fee trust fund and an ALS impact fee trust fund. (3) The money from these trust funds shall be used solely for payment for the cost of the capital expansion of the city's public safety equipment and facilities, and may not be used for the costs of operation, maintenance, repair, replacement, rehabilitation, renewal or upgrading of any existing facility to meet the service needs of existing users. (b) Any interest earned on monies deposited in these trust funds shall be credited to the applicable fund. (Ord. 47-06, 6-5-2006) (Ord. 16-87, § 1, 5-27-1987; Ord. 81-01, 10-9-2001; Ord. 47-06, 6-5-2006)
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_S2-24.11TRFUESFetched: 11/4/2026

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2-24.11 | Corpus