(1) On or before April 15th of each year commencing on April 15, 2013, the District shall prepare and submit to the City a report on the impact fees and the impact fee account, showing the source and amount of all moneys collected, earned, or received, and the public improvements that were financed in whole or in part by the school impact fees, and such additional information as may be required under the interlocal agreement.

(2) At least once every two years, commencing April 15, 2014, the City Council shall review and consider the District-submitted capital facilities plan update as part of its consideration of the capital facilities element of the City’s Comprehensive Land Use Plan. The City Council may also at this time determine if an adjustment to the amount of the impact fee is necessary; provided, that any school impact fee adjustment shall require the submittal of a written request for the adjustment from the District concurrent with the submittal of its updated capital facilities plan. In making its decision to adjust the school impact fees, the City Council will take into consideration the quality and completeness of the information provided in the District’s capital facilities plan and may decide to enact a fee less than the amount supported by the capital facilities plan. [Ord. 4046, 2012; Code 1970 § 3.133.100.]