HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 04/17/2001 - SECOND READING OF ORDINANCE NO. 44, 2001, APPROPRI AGENDA ITEM SUMMARY ITEM NUMBER: 9
FORT COLLINS CITY COUNCIL DATE: April 17, 2001FROM•
Alan Krcmarik
SUBJECT:
Second Reading of Ordinance No. 44, 2001, Appropriating Unanticipated Revenue in the
General Fund.
RECOMMENDATION:
Staff recommends adoption of the Ordinance on Second Reading.
EXECUTIVE SUMMARY:
The Fort Collins Housing Authority (the "Authority") made a payment to the City from its 2001
budget for the sum of $14,823 as a 'Payment in Lieu of Taxes" ('PILOT") for public services
and facilities. In the past the Authority has requested that the City refund the money "...to fund
sorely needed affordable housing related activities, to attend the low-income housing needs of
Fort Collins residents." This Ordinance, which was unanimously adopted on First Reading on
March 20, 2001, appropriates the funds to be returned to the Housing Authority to be used for
affordable housing-related activities and upgrades.
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AGENDA ITEM SUMMARY ITEM NUMBER: 14
DATE:
FORT COLLINS CITY COUNCIL March 20, 2001
STAFF:
Alan Krcmarik
, SUBJECT:
i
First Reading of Ordinance No. 44, 2001, Appropriating Unanticipated Revenue in the General
Fund.
44(
' RECOMMENDATION:
Staff recommends adoption of the Ordinance on First Reading.
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FINANCIAL IMPACT:
The City received a check from the Fort Collins A city in the amount of$14,823 as
a 2000 payment for public services and facilities. ue has been deposited in the City's
General Fund. This Ordinance a i the funds umed to the Housing Authority to
be used for affordable housin d upgra
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} EXECUTIVE SUMMA
The Fo I ollins Housing Au e "Autho i made a payment to the City from its 2001
bud g or the sum of $14,823 a el,i to Lieu of Taxes" ("PILOT") for public services
and ilities. In the past the Authority has requested that the City refund the money "...to fund
sor ' ceded affordable housing, related activities, to attend the low-income housing needs of
Fo ollins residents."
Resolu o' a 93 reinstated the,requirement by the City of the Authority to make the annual
PILOT pay ure is to the Ci I he purpose of the Resolution was to clarify that these funds are
the prope�y� 7 not excess Housing and Urban Development (,HUD") funds. The
City may spen t OT revenue as it deems appropriate in accordance with law, including
remitting the funds to the Authority if the Council determines that such remittal serves a valid
public purpose. The Council has remitted the PILOT to the Authority since 1992.
CKGROUND:
On December 16, 1971, the City and the Authority entered into a Cooperative Agreement which
provided that the Authority must make annual PILOT payments to the City for the public
services and facilities furnished by the City. In 1986, upon request of the Authority, the City
DATE: March 20. 2001 1 2 t ITEM NUMBER: 14
Council adopted a resolution which relieved the Authority of its obligation to make the PILOT
payments. Based on that resolution, the Authority did not make PILOT payments from 1987
through 1990. The Authority also received a refund from the City of PILOT payments for the
years 1984, 1985 and 1986.
In 1992, the City Council approved a change in the Cooperative Agreement to reinstate the
requirement for the Authority to pay the annual PILOT. The change was done"to clarify that
such a payment was due to the City and to avoid the possibility that HUD, mmight require the
PILOT to be returned to the federal government. ;
Since 1992, when the Authority has requested, the City has refunded PILOT payments. Staff
recommends that the 2001 PILOT payment of $14,813 W ilarly be appropriated as
unanticipated revenue in the General Fund and remitt Authority with the
recommendation that the Authority use the funds in the mariner ":„, guidelines.
The intended use for the funds is affordable housing and related activities.
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