HomeMy WebLinkAbout069 - 05/20/1997 - AMENDING THE CITY CODE RELATING TO PAYMENTS IN LIEU OF TAXES FOR THE WATER AND WASTEWATER UTILITIES ORDINANCE NO. 69, 1997
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AMENDING SECTIONS 26-118(c)AND 26-277(c) OF THE CODE OF THE
CITY OF FORT COLLINS RELATING TO PAYMENTS IN LIEU OF TAXES FOR THE
WATER AND WASTEWATER UTILITIES
WHEREAS, on November 5, 1996, City Council adopted Ordinance No. 137, 1996,
increasing the percentage of Water Fund and Wastewater Fund operating revenues paid into the
City's General Fund in lieu of the payment of taxes; and
WHEREAS,while Ordinance No. 137, 1996, increased payments in lieu of taxes (PILOT),
from five percent to six percent as of January 1, 1997, the sections of the City Code that establish
user rates were not revised to take into account this increase; and
WHEREAS,the purpose of this Ordinance is to amend Sections 260118(c) and 26-277(c),
the applicable Code sections relating to the determination of water and wastewater utility user rates,
to reflect this PILOT increase and make them consistent with the City's current operational practices;
and
WHEREAS,this Ordinance also makes the PILOT increase retroactive to January 1, 1997,
consistent with Ordinance No. 137, 1996.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS, as follows:
Section 1. That Section 26-118(c)of the City Code is hereby amended to read as follows:
Sec. 26-118. Determination of user rates.
(c) The monthly service charges set forth in §§ 26-126 and 26-127 shall include
a percentage for payments in lieu of taxes. The percentage shall be six and
zero-tenths (6.0)percent of said monthly service charges billed.
Section 2. That Section 26-277(c)of the City Code is hereby amended to read as follows:
Sec. 26-277. Determination of user rates; annual adjustment.
(c) The monthly service charges set forth in§§ 26-279, 26-280 and 26-282 shall
include a percentage for payments in lieu of taxes. The percentage shall be six and
zero-tenths (6.0)percent of said monthly service charges billed.
Section 3. That the amendments to Code Sections 26-118(c) and 26-277(c) set forth
above, shall be retroactive to January 1, 1997.
Introduced,considered favorably on first reading!and hed thi day f May,
A.D. 1997, and to be presented for final passage on theA. . 1997.
Mayor
ATTEST:
�L" A .j
City Clerk
Passed and adopted on final reading this 20th day of Ma 997.
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Clerk