A. The City Council shall require that any individual, partnership, joint venture or corporation receiving approval of a tentative subdivision map or any other discretionary approvals for any development project shall assure all funds necessary to meet public service and facility element needs and assure developer’s participation in the timely construction and financing of facilities.

B. Assurance of construction and financing is defined as any acceptable financing method including but not limited to bonding, reimbursement agreement, development agreements, assessment districts, community facilities districts that provides assurance to the City that the required funds or improvements shall become available for the timely renovation or expansion of impacted public services and facilities.

C. The City Council shall expend all funds collected under Section 19.80.040A solely for the purpose for which they were advanced. (Ord. 2309, 1989).