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HomeMy WebLinkAbout016 - 02/21/2006 - AMENDING CHAPTER 8 OF THE CITY CODE RELATING TO THE CREATION OF THE STORM DRAINAGE FUND ORDINANCE NO. 016, 2006 OF THE COUNCIL OF THE CITY OF FORT COLLINS AMENDING CHAPTER 8 OF THE CODE OF THE CITY OF FORT COLLINS RELATING TO THE CREATION OF THE STORM DRAINAGE FUND WHEREAS,the Council has adopted stormwater basin master plans identifying stormwater facilities that are necessary to provide for the proper drainage and control of flood and surface waters within the City; and WHEREAS, the Council has also adopted Ordinance No. 168, 1998 determining that all developed lands within the City benefit by the installation of such stormwater facilities, and Ordinance No. 136, 2005,which revised Section 26-512 of the City Code to impose a uniform and city-wide stormwater plant investment fees; and WHEREAS, Section 8-86 of the City Code creating the Storm Drainage Fund placed restrictions on the use of fees for capital improvements to the basin in which they are collected; and WHEREAS, the restriction included in Section 8 of the City Code is no longer consistent with Council's policy that improvements should be prioritized and funded city-wide; and WHEREAS, for the foregoing reasons, the City Council wishes to amend the City Code in order to allow all stormwater fees collected to be used for purposes in connection with construction of stormwater facilities throughout the city. NOW,THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS that Section 8-86 of the Code of the City of Fort Collins is hereby amended to read as follows: Sec. 8-86. Storm drainage fund. There is hereby created a fund to account for stormwater drainage known as the storm drainage fund. Revenues for the fund shall include stormwater plant investment fees and stormwater utility fees and other monies as might be available for stormwater drainage purposes. Expenditures shall be made for approved purposes in connection with construction ofstormwater facilities and operation,administration and maintenance of stormwater facilities. Introduced, considered favorably on first reading, and ordered published this 7th day of February,A.D. 2006, and to be presented for final passage on th 1 st day of February,A.D. 2006. May ATTEST: City Clerk Passed and adopted on final reading on the 21st day of F bruary, A.D. 2006. Mayor ATTEST: (p City Clerk