HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 05/06/1999 - SECOND READING OF ORDINANCE NO. 51, 1999, APPROPRI t q am� y
I
AGENDA ITEM SUMMARY ITEM NUMBER: 10
DATE: May 4, 1999
FORT COLLINS CITY COUNCIL STAFF Frank Bruno/
Sherrie Temple
SUBJECT:
Second Reading of Ordinance No.51, 1999,Appropriating Prior Year Reserves in the General Fund
for a Rebate of Development Fees to Advanced Energy Industries, Inc.
RECOMMENDATION:
Staff recommends adoption of the Ordinance on Second Reading. '
i
EXECUTIVE SUMMARY: j
Ordinance No. 51, 1999, was unanimously adopted on First Reading on April 20, 1999, (�
appropriating $61,701 from reserves in the General Fund for rebate to Advanced Energy.
i
1
AGENDA ITEM SUMMARY ITEM NUMBER: 15
DATE: April20, 1999
FORT COLLINS CITY COUNCIL STAFF: Frank Bruno/
Sherrie Temple
SUBJECT:
First Reading of Ordinance No. 51, 1999, Appropriating Prior Year Reserves in the General Fund
for a Rebate of Development Fees to Advanced Energy Industries, Inc.
RECOMMENDATION:
JI
Staff recommends adoption of& Ordinance on First Reading
FINANCIAL IMPACT:
Funds for the purpose of this rebate have been reserved in the General Fund since adoption of
Ordinance No. 102, 1995.
F
r< „
EXECUTIVE SUMMARY:
On July 18, 1995, Council adopted Ordinance No. 102, 1995 approving and authorizing the rebate
of development fees associated with the construction of a 55,000 square foot manufacturing facility
for Advanced Energies,Inc. F s^wvere estimated to be.$6 f*7,01. -Council approved a rebate not to
exceed $135,000.
On October 20, 1998, Council adopted O dind e-Nb: 189, 1$'8 which amended Ordinance 102,
1995 to exclude the rebate of building permit and plan review fees,and to reduce the total maximum
rebate payment to Advanced Energy. 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 terminating 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.
The purpose of this Ordinance is to appropriate $61,701 from reserves in the General Fund for
Rebate to Advanced Energy.
DATE: Apri120, 1999 2 ITEM NUMBER: 15
The fees that were originally estimated,actually paid and that are now eligible for rebate are shown
below:
Estimated Actual Fee Amount Eligible
Type of Fee Fee Fee For Rebate
Building Permit Fee $ 9,863 $ 10,170 None
Plan Check Fee 5,059 4,302 None
Street Oversizing Fee 24,443 23,634 $ 23,634
Water Plant Investment Fee 20 300 12 700 _ Y 12,700
Sewer Plan Investmenf Fee ' 15;4 Oo-! ""i 9 00 ,r 9,100
Water Rights Requirement 1 14 400€-- 9,000' 9,000
Storm Drainage Fee , _ Ion 7,243_ 7,243
Electrical Development Fee 41,893 None None
Construction Water Charge None 24 24
Total Fees $131,058 $76,173 $61,701