Fees assessed and collected pursuant to the provisions of this chapter shall be deposited in a bridge or major thoroughfare fund. Such a fund shall be established for each bridge or major thoroughfare. Money deposited in such a fund shall be expended solely for the construction or reimbursement for acquisition or construction of the improvement serving the applicable area of benefit and from which fees comprising such fund were collected. If such fees are to be utilized in whole or in part to reimburse the costs of acquisition or construction of an improvement financed from the proceeds of bonds issued for an assessment district or community facilities district, the City Council may, in the resolution order a specified portion of the proceeds of the fees collected be utilized to prepay assessment installments or special taxes or to redeem such bonds prior to redemption. (Ord. 2511 § 1, 1992).