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Home My WebLink AboutCOUNCIL - AGENDA ITEM - 11/19/2002 - SECOND READING OF ORDINANCE NO. 165, 2002, AMENDIN AGENDA ITEM SUMMARY ITEM NUMBER: 34 FORT COLLINS CITY COUNCIL DATE: November 19, 2002FROM Alan Krcmarik SUBJECT : Second Reading of Ordinance No. 165, 2002, Amending the City Code to Adjust the Capital Improvement Expansion and Neighborhood Parkland Fees to Reflect Inflation in Associated Costs of Services. RECOMMENDATION: Staff recommends adoption of the Ordinance on Second Reading. EXECUTIVE SUMMARY: Ordinance No. 165,2002,which was unanimously adopted on First Reading on November 5, 2002, increases the fee schedules for the Capital Improvement Expansion Fees and Neighborhood Parkland Fee based upon the projected change in the 2002 Denver-Boulder-Greeley Consumer Price Index. AGENDA ITEM SUMMARY ITEM NUMBER: 31 FORT COLLINS CITY COUNCIL_ DATE: November 5, 2002 STAFF: Alan Krcmarik SUBJECT: First Reading of Ordinance No. 165, 2002, Amending the City Code to Adjust the Capital Improvement Expansion and Neighborhood Parkland Fees to Reflect Inflation in Associated Costs of Services. RECOMMENDATION: Staff recommends adoption o e OrdioceoPtReodY FINANCIAL IMPACT: The Capital Improvement Expansion Fee section of the Code requires annual adjustments for inflation. Assuming construction activity remains the same, the proposed Neighborhood Parkland Fees will increase total revenue f�ox' ly$- 0 d the proposed changes to the Capital Improvement Expan n Feds ill i e r en approximately $68,000. The 10 proposed fees will increase t cost o build g it app ximately $64 for an average size house, and $89 for larger hom EXECUTIVE SUMMARY: Ordinance No. 165, 2002,increases the fee schedules for the Capital Improvement Expansion Fees and Neighborhood Parkland Fee based upon the ro'ected change in the 2002 Denver-Boulder- Greeley Consumer Price Inde ost e t v e xpansion Fees ("CIEF") Study and the fee schedule for the ghborh d Paz wIrinance alculated using costs from 1995. The relevant governing provi ns o t Cit e call fcreases to keep up with annual inflation, and the fees were last a lusted in ate 2 . This increases the CIEF and the Neighborhood Parkland Fees by the projected increase in the CPI-U of 2.10%. BACKGROUND: In May of 1996, Council adopted Ordinance No. 51, 1996, which established Capital Improvement Expansion Fees for library,community parkland,police,fire,and general government services.The purpose of the fees is to have new development pay a proportionate share of the capital improvements and equipment that will be necessary to provide services to the development. The Code provisions approved by that Ordinance provide for the annual adjustment of the fees to keep up with inflation,using the Denver-Boulder(now Denver-Boulder-Greeley)Consumer Price Index. November 5, 2002 2 31 The City has imposed an impact fee for neighborhood parks since 1968. In August of 1996,Council adopted Ordinance No. 105, 1996,which conformed the Neighborhood Parkland Fee to the housing size differentials in the Capital Improvement Expansion Fee ordinance,and updated the fee schedule f to reflect pre-1996 inflation. The Neighborhood Parkland Fees were adjusted for inflation in 1997- 2001,along with the Capital Improvement Expansion Fees. Based on the Denver-Boulder-Greeley Consumer Price Index for all urban consumers, the inflation level since the last annual adjustment is an increase of 2.10%. This Ordinance adjusts the fee schedules in Chapter 7.5 and Chapter 23 of the Code to this level of inflation In the Ordinance, all amounts for the Capital Improvement Expansion Fees have been rounded to the nearest dollar. C 0 P COPY .