HomeMy WebLinkAboutMemo - Mail Packet - 8/8/2017 - Memorandum From Lance Smith Re: Council Follow Up: Stormwater Payments In Lieu Of Taxes (Pilots)Utilities
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Fort Collins, CO 80522
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V/TDD 711
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M E M O R A N D U M
DATE: July 31, 2017
TO: Mayor Troxell and Councilmembers
FROM: Lance Smith, Utilities Strategic Finance Director
THROUGH: Darin Atteberry, City Manager
Kevin R. Gertig, Utilities Executive Director
RE: Council Follow-up: Stormwater Payments in Lieu of Taxes (PILOTs)
Request:
During the July 31, 2017 Leadership Planning Team meeting staff was asked to explain why
PILOTs are not charged by the stormwater utility.
Response:
PILOTs are intended to recognize the revenue that would have been received by the General
Fund had the utility service been provided by a utility other than the municipal
utility. Stormwater is not a service area that investor owned utilities operate in so there is no
revenue loss to the General Fund by having the municipal stormwater utility. Thus, PILOTs
have not been charged on stormwater charges historically. Staff will discuss findings related to
collecting PILOTs from the neighboring districts for water and wastewater services at the
September Council Finance Committee meeting.
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