HomeMy WebLinkAbout200 - 02/05/1985 - AMENDING CHAPTER 95 OF THE CITY CODE TO PROVIDE FOR THE REIMBURSEMENT OF CITY EXPENSES IN CONSTRUCTI 0
ORDINANCE NO. 200, 1984
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AMENDING CHAPTER 95 OF THE CODE
OF THE CITY OF FORT COLLINS TO PROVIDE FOR THE
REIMBURSEMENT OF CITY EXPENSES IN CONSTRUCTING THE LOCAL
PORTION OF STREETS ADJACENT TO UNDEVELOPED LAND
WHEREAS, it is in the best interest of the citizens of the City of
Fort Collins to have a contiguous improved street system; and
WHEREAS, it is in the established policy of the City that owners of
adjacent properties bear the cost of constructing local street portions of
public streets at the time the adjacent properties are improved or devel-
oped; and
WHEREAS, the City Council may from time to time deem it necessary to
construct certain public streets before adjacent properties are improved or,
developed; and
WHEREAS, the City Council may desire to use available public funds to
pay for the construction of the local street portion in anticipation that
said funds may be recovered from the owners of adjacent properties normally
having that obligation, upon improvement or development thereof.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that Chapter 95 of the Code of the City of Fort Collins be amended
by the addition of the following:
ARTICLE XVI
Street Repayment Obligation
Section 95-98 Street Repayment Obligation.
A. The construction of the local portion of a public street
adjacent to undeveloped real property is hereby declared to be
the obligation of the owner of the adjacent property at the time
said property is developed or redeveloped. The timing of said
construction shall be as specified in the Development Agreement
for such property, or, if not specified, it shall be required at
the time of issuance of the first building permit upon such
property.
B . The local portion of such street shall include, without
limitation , the construction of curb, gutter, pavement and
sidewalk all meeting the engineering standards and criteria of
the City.
C. In the event that the City has constructed such local portion
of a public street adjacent to undeveloped property, or property
that may be redeveloped, the City may require, as a condition of
development or redevelopment approval , that the owner of such
adjacent property repay to the City its cost in constructing
such local portion of such street. The amount of such reimburse-
ment to the City may be the original cost of the improvements
plus any mutually agreed upon amount to reflect the effects of
inflation, if any, but in no case shall reimbursement be less
than the original cost. These adjustments may be based on the
construction cost index for Denver, Colorado, as published
monthly by the Engineering News Record.
Introduced, considered favorably on first reading, and ordered pub-
lished this 18th day of December, A.D . 1984, and to be presented for
final passage on the 5th day of February,
A.D. 1985.)
Mayor
ATTEST:
ity Uerk Q�
1985.Passed and adopted on final reading this 5th day of February, A.D.
`P V
Mayor 64
ATTEST:
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