HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 01/18/2000 - SECOND READING OF ORDINANCE NO. 1, 2000, APPROPRIA AGENDA ITEM SUMMARY ITEM NUMBER: 32
DATE: January 18, 2000
FORT COLLINS CITY COUNCIL Frank Bruno/
STAFF: Sherrie Temple
SUBJECT:
Second Reading of Ordinance No. 1,2000,Appropriating Use Tax Carryover Reserves in the Sales
and Use Tax Fund for a Rebate of Impact Fees to Symbios Logic, Inc.
RECOMMENDATION:
Staff recommends adoption of the Ordinance on Second Reading.
EXECUTIVE SUMMARY:
On February 16, 1999, Council adopted Ordinance No. 31, 1999 that terminated the Development
Impact Fee Rebate Program. However, rebates that had been previously approved for Advanced
Energy and Symbios Logic were considered to be"in process" and thus remain eligible for rebate.
Ordinance No. 1,2000,which was adopted 5-0(Councilmember Kastein withdrew from discussion
due to a conflict of interest) on First Reading on January 4, 2000 appropriates $139,400 from
reserves in the Sales and Use Tax Fund for Rebate to Symbios Logic. An additional $35,875 will
also be appropriated for transfer from the Sales and Use Tax Fund to the Capital Expansion Fund
to cover fees that were undercharged to Symbios.
i
AGENDA ITEM SUMMARY ITEM NUMBER: 19
DATE: January 4, 2000
• FORT COLLINS CITY COUNCIL STAFF: Frank Bruno/
Sherrie Temple
SUBJECT:
First Reading of Ordinance No. 1,2000,Appropriating Use Tax Carryover Reserves in the Sales and
Use Tax Fund for a Rebate of Impact Fees to Symbios Logic,Inc. f
r
i
RECOMMENDATION:
Staff recommends adoption o CeOrli
ce o irs eadin
FINANCIAL IMPACT:
Funds for this rebate have been reserved in the Sales and Use Tax Fund since adoption of Ordinance
No. 112, 1996.
0 COPY
EXECUTIVE SUMMARY:
On July 18, 1995, Council adopted Ordinance No. 112, 1996 approving and authorizing the rebate
of impact fees associated with the construction of a 100,000 square foot office building for Symbios
Logic, Inc. Fees were estimated a $4 000 ounc' pr ved a rebate not to exceed that
amount. The Ordinance also - vid t th b t ymbios Logic only after a sum
equaling twice the amount of a cost t ain lic i cture surrounding the facility
over a twenty-year period be 'd t , Ci se infras cture costs were estimated to be
approximately$40,000. Symbios as well exceede s amount ough payments of sales and use
taxes and property taxes.
On October 20, 1998, Council adopted Ordinance No. 189, 1998 which amended Ordinance No.
102, 1995. The purpose of the amendment was to correct previous ordinances, which allowed the
rebate of building permit fees and plan review fees. Section 5-326 of the City Code specifically
limited the rebate of fees to impact fees and should not have included building permit or plan check
fees.
. On February 16, 1999, Council adopted Ordinance No. 31, 1999 that terminated the Development
Impact Fee Rebate Program. However, rebates that had been previously approved for Advanced
Energy and Symbios Logic were considered to be"in process" and thus remain eligible for rebate.
DATE: January 4,2000 2 ITEM NUMBER: 19
The purpose of this Ordinance is to appropriate $339,400 from reserves in the Sales and Use Tax
Fund for Rebate to Symbios Logic. An additional $35,875 will also be appropriated for transfer
from the Sales and Use Tax Fund to the Capital Expansion Fund to cover fees that were
undercharged to Symbios. The undercharge occurred when the City's Building Inspection
Department calculated the fees for a manufacturing facility instead of an office building. This
transfer will alleviate the need for Symbios to pay the fees that were undercharged but that qualify
for rebate under this Ordinance.
The fees that were originally estimated,actually paid and that are now eligible for rebate are shown
below:
stim&d Actual Fee Amount Eligible
Type of Fee Fee For Rebate
Building Permit Fee $ 29,453 None
$ 30,194
Plan Check Fee 19,144 14,419 None
Street Oversizing Fee 156,510 207,749 $ 207,749
Water Plant Investment Fee 20,300 20,055 20,055
Sewer Plan Investment Fee 15,100 15,100 15,100
Water Rights Requirement 14,400 25,920 25,920
StormWater Fee 7,099 43 517 43,517
Electrical Developm "Fee 5 P
neNone
Construction Water arge 44
Water Repay o13,5 13,521
Fire Capital 7,84,TZ7- 4,827
General Gov't Capital 20,247 5,376 5,376
Police Capital Expansion 11,910 3,291 3,291
Total Fees $439,899 $384,899 $339,400
The Capital Expansion ImprTho!
ee r ' apital Expansion Fund by
the Sales and Use Tax Fundlow:
Fees Actual Amount to be
Type of Fee Charged Fees Due Transferred
Fire Capital Expansion 4,827 17,865 12,726
General Gov't Capital 5,376 20,247 14,262
Police Capital Expansion 3,291 12,178 8,887
Total Fees $13,494 $49,370 $35,875