HomeMy WebLinkAbout145 - 10/04/1994 - AMENDING CITY CODE TO ADD AN ARTICLE PERMITTING THE REBATE OF IMPACT FEES FOR THE PURPOSE OF PROMOTI ORDINANCE NO. 145, 1994
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AMENDING CHAPTER 5 OF THE CITY CODE TO ADD AN
ARTICLE PERMITTING THE REBATE OF IMPACT FEES FOR
THE PURPOSE OF PROMOTING AFFORDABLE HOUSING
WHEREAS, on October 6, 1992, the City Council passed Resolution 92-155
adopting an affordable housing policy, the purpose of which was to strengthen the
City's commitment to the provision of affordable housing for low and moderate
income citizens ofthe City-;- and-
WHEREAS, in furtherance of the foregoing policy, the City Council has
established an Affordable Housing Trust Fund and has appropriated monies therein
and has, by the adoption of Resolution 94-134, directed City staff to develop a
method for distributing the monies from said fund based upon an impact fee
rebate/reimbursement program; and
WHEREAS, City staff, in consultation with the Affordable Housing Board
("the Board") , has developed such a program for low income housing, and both the
Board and City staff have recommended the same to the City Council for adoption;
and
WHEREAS, the City Council wishes to adopt said program and to amend the
provisions of the City Code so as to authorize the same.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS
that Chapter 5 of the Code of the City is hereby amended by the addition of an
Article IX to read as follows:
ARTICLE IX.
REBATE OF IMPACT FEES FOR AFFORDABLE HOUSING
Sec. 5-355. Purpose.
The general purpose of this Article is to encourage the provision
of affordable housing for low income citizens of the City.
Sec. 5-356. Administrative regulations.
The City Manager is hereby authorized to develop administrative
regulations, to be approved by the City Council by resolution, for
the possible rebate of any impact fees, required to be paid under
the provisions of this Code, for affordable housing units as defined
in Section 5-357 below. For the purposes of this Article, impact
fees shall mean any fees imposed by the city to defray the cost of
the infrastructure and/or resources which may be necessary to serve
the affordable housing unit.
Sec. 5-357. Eligible units.
For the purposes of this Article, affordable housing units shall
mean units which are available for rent or purchase on terms which
would be affordable to individuals earning eighty (80) percent or
less of the median income of city residents as adjusted for family
size.
Sec. 5-358. No entitlement established.
The provisions of this Article shall not be construed as
establishing any right or entitlement to a rebate of any impact fees
on the part of any applicant. The approval of any rebate plan shall
be entirely discretionary with the City Council , and the actual
rebate of fees under an approved plan shall be subject to annual
appropriation.
Introduced, considered favorably on first reading, and ordered published
this 20th day of September, A.D. 1994, and to be presented for final passage on
the 4th day of October, A.D. 1994.
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Passed and adopted on final reading this 4th OctobeV94.
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