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HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 12/01/2015 - FIRST READING OF ORDINANCE NO. 154, 2015, ADOPTINGAgenda Item 8 Item # 8 Page 1 AGENDA ITEM SUMMARY December 1, 2015 City Council STAFF Tiana Smith, Revenue and Project Manager Laurie Kadrich, Director of PDT SUBJECT First Reading of Ordinance No. 154, 2015, Adopting the 2015 Larimer County Transportation Capital Expansion Fee Schedule. EXECUTIVE SUMMARY The purpose of this item is to adopt the 2015 Larimer County Transportation Capital Expansion Fee Schedule (Regional Road Fee) as determined by the Intergovernmental Agreement with Larimer County. STAFF RECOMMENDATION Staff recommends adoption of the Ordinance on First Reading. BACKGROUND / DISCUSSION In 2000, the City and Larimer County entered into an IGA agreeing that the City would collect a Regional Road Fee on behalf of Larimer County. The fee is collected at the time a building permit is issued. The Regional Road Fee helps generate revenue for road improvements that are necessitated by new development. The fees are only used on capacity related improvements that are of mutual benefit to both the City and Larimer County. The Larimer County Land Use Code specifies that its Regional Transportation Capital Expansion Fees must be updated to reflect changes in road construction costs during the previous year. The methodology for adjustments is based on a two-year moving average calculated from the Colorado Construction Cost Index data compiled by Colorado Department of Transportation. Larimer County’s procedure for fee adjustments is to update the two-year moving average using the most recent prior year construction cost index data and calculate new adjusted fees. If the change is less than 5% the new fees become effective without further action by the Board of County Commissioners (BCC). If the increase exceeds 5%, the County’s Land Use Code specifies that the BCC review and approve the fee change. The County typically adjusts and adopts new fees in July of each year. The 2015 Fee Table is included as Exhibit A to the Ordinance. Part of the operational changes agreed to in 2014 was for the City to bring the Regional Road Fee changes along with the City fee changes that are customarily brought to Council in December. The County is aware of the lag time in this process. The change in fee for a regional single family detached home will be an $18 increase (6%). Under the City Code, changes in the amount of the County fee do not take effect in the City until the City Council approves a new fee schedule. Council is asked to adopt the latest Regional Road Impact Fee schedule. Agenda Item 8 Item # 8 Page 2 FINANCIAL / ECONOMIC IMPACTS The fees are collected on behalf of Larimer County and the program. Revenues from the fees will pass through City accounts and will not affect City revenue limits under Article X, Section 20. The City does retain a 2% administration fee. Adoption will result in an increase to development fee payers. ORDINANCE NO. 154, 2015 OF THE COUNCIL OF THE CITY OF FORT COLLINS ADOPTING THE 2015 LARIMER COUNTY TRANSPORTATION CAPITAL EXPANSION FEE SCHEDULE WHEREAS, the City and Larimer County (the “County”) have heretofore entered into an intergovernmental agreement whereby the City collects a transportation capital expansion fee on behalf of Larimer County at the time of issuance of building permits, which fee is to be utilized to general revenue for road improvements that are necessitated by such new development; and WHEREAS, the City and the County have established a procedure for the City Council to consider the Larimer County Transportation Capital Expansion Fee changes to reflect increases in construction costs, along with the City fee changes in December; and WHEREAS, the proposed change in the Larimer County Transportation Capital Expansion Fee for a single family detached home in the new fee schedule is an increase of $18.00; and WHEREAS, pursuant to City Code Section 7.5-82(c)(1), the new Larimer County Transportation Capital Expansion Fee schedule must be adopted by the City Council by ordinance; and WHEREAS, the City Council has determined that it is in the best interests of the City that the 2015 Larimer County Transportation Capital Expansion Fee Schedule be adopted. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That the City Council hereby makes and adopts the determinations and findings contained in the recitals set forth above. Section 2. That the 2015 Larimer County Transportation Capital Expansion Fee Schedule (also known as the Regional Road Fee Schedule) attached hereto as Exhibit “A” and incorporated herein by reference is hereby adopted and approved, and shall go into effect in Fort Collins upon the effective date of this Ordinance. Introduced, considered favorably on first reading, and ordered published this 1st day of December, A.D. 2015, and to be presented for final passage on the 15th day of December, A.D. 2015. __________________________________ Mayor ATTEST: _______________________________ City Clerk Passed and adopted on final reading on the 15th day of December, A.D. 2015. __________________________________ Mayor ATTEST: _______________________________ City Clerk