Bill > H3828

This bill authorizes the city of Everett to create a special account called the "Linkage Fee Revolving Fund," which will be managed separately by the City Treasurer. This fund will hold all "linkage fees" collected by the city, which are typically fees imposed on new development to help fund public infrastructure and services. The money in this fund is specifically designated for the upkeep of streets, parks, and public recreational areas within Everett, and the Mayor will oversee its use for these purposes. The Treasurer will also have the authority to invest the funds in accordance with existing state laws regarding municipal investments.