HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 12/15/2015 - SECOND READING OF ORDINANCE NO. 152, 2015, APPROPRAgenda Item 4
Item # 4 Page 1
AGENDA ITEM SUMMARY December 15, 2015
City Council
STAFF
Matt Baker, Street Oversizing Program Manager
SUBJECT
Second Reading of Ordinance No. 152, 2015, Appropriating Prior Year Reserves in the Street Oversizing Fund
for the Reimbursement of the Construction of Roadway Improvements.
EXECUTIVE SUMMARY
This Ordinance, unanimously adopted on First Reading on December 1, 2015, appropriates $1,250,000 from
the Street Oversizing Fund Prior Year Reserves to cover anticipated reimbursements for the construction by
developers of oversized portions of arterial and collector roadway improvements for 2015.
STAFF RECOMMENDATION
Staff recommends adoption of the Ordinance on Second Reading.
ATTACHMENTS
1. First Reading Agenda Item Summary, December 1, 2015 (w/o attachments) (PDF)
2. Ordinance No. 152, 2015 (PDF)
Agenda Item 6
Item # 6 Page 1
AGENDA ITEM SUMMARY December 1, 2015
City Council
STAFF
Matt Baker, Street Oversizing Program Manager
SUBJECT
First Reading of Ordinance No. 152, 2015, Appropriating Prior Year Reserves in the Street Oversizing Fund for
the Reimbursement of the Construction of Roadway Improvements.
EXECUTIVE SUMMARY
The purpose of this item is to appropriate $1,250,000 from the Street Oversizing Fund Prior Year Reserves to
cover anticipated reimbursements for the construction by developers of oversized portions of arterial and
collector roadway improvements for 2015.
STAFF RECOMMENDATION
Staff recommends adoption of the Ordinance on First Reading.
BACKGROUND / DISCUSSION
Development has increased in the city and developments have been constructing arterial and collector
roadway segments. In accordance with the City Code, the oversized portion of arterial and collector streets
are reimbursed through the Street Oversizing Program.
City policy requires new developments to pay their fair share of the street network needed to handle the added
traffic they create. All projects impacting traffic pay a Transportation Impact Fee called the Street Oversizing
Fee when they receive a City of Fort Collins building permit.
The Street Oversizing Program collects Street Oversizing Fees from new developments and allocates these
funds for construction of the “oversized” portion of collector and arterial streets in newly developing areas.
Street Oversizing Fees are one-time impact fees used for capital expansion of the transportation network.
In 2015, several larger projects have been completed with development, including:
Timberline Road at Crowne
Trilby Road at Kechter Farm
Suniga Road at Aspen Heights
This appropriation is needed to cover the expense of reimbursing developers for constructing oversized
portions of arterial and collector roadway improvements for 2015.
CITY FINANCIAL IMPACTS
There are sufficient reserves in the Street Oversizing Program to fund these reimbursements.
ATTACHMENT 1
ORDINANCE NO. 152, 2015
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE STREET
OVERSIZING FUND FOR THE REIMBURSEMENT OF THE
CONSTRUCTION OF ROADWAY IMPROVEMENTS
WHEREAS, new developments are required to pay their share of the street network
needed to handle the added traffic created by the development; and
WHEREAS, the Street Oversizing Program collects fees from new developments and
allocates these amounts for construction of the oversized portion of collector and arterial streets
in newly developing areas; and
WHEREAS, all projects impacting traffic pay a Transportation Impact Fee called the
Street Oversizing Fee when they receive a City of Fort Collins building permit; and
WHEREAS, Street Oversizing Fees are one-time impact fees used for capital expansion
of the transportation network; and
WHEREAS, depending upon the circumstances, the City may choose to build the
required oversized collector and arterial streets or choose to have developers build such streets
with the City reimbursement for certain construction costs; and
WHEREAS, this appropriation is needed to reimburse developers for construction costs
incurred for oversized arterial and collector roadway segments for 2015; and
WHEREAS, Article V, Section 9 of the City Charter permits the City Council to
appropriate by ordinance at any time during the fiscal year such funds for expenditure as may be
available from reserves accumulated in prior years, notwithstanding that such reserves were not
previously appropriated.
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 there is hereby appropriated for expenditure from prior year reserves
in the Street Oversizing Fund the total sum of ONE MILLION TWO HUNDRED FIFTY
THOUSAND DOLLARS ($1,250,000) for the reimbursement of street oversizing fees for 2015
to developers who have constructed qualifying oversized portions of collector and arterial streets.
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 this 15th day of December, A.D. 2015.
__________________________________
Mayor
ATTEST:
_____________________________
City Clerk