A separate and dedicated fund shall be created effective October 1, 2018, to be known as the Street Maintenance Fund. All fees collected by the City for the purpose of construction and maintenance of the transportation system shall be deposited in the Street Maintenance Fund. It shall not be necessary or required for the expenditures from the fund to specifically relate to any particular property from which the fees were collected.
Billing will begin for commercial and residential accounts on January 1, 2019.
A report of the Street Maintenance Fund and the street maintenance fee program will be provided to the City Council on an annual basis.