HomeMy WebLinkAbout156 - 12/18/1979 - PROVIDING FOR THE COLLECTION OF A STORM DRAINAGE PLANT INVESTMENT FEE (10/16/1979 ADOPTED 1ST READIN ORDINANCE NO 156 , 1979
OF THE COUNCIL OF THE CITY OF FORT COLLINS
PROVIDING FOR THE COLLECTION OF A STOPM DRAINACE
PLANT INVEST1ti,ENT FEE
WHEREAS, new development within the City should provide for the
construction of drainage facilities necessary for the drainage and control
of flood and surface waters within the drainage basins within which that
new development is located and should also provide the facilities required
to convey such waters from said drainage basins to major drainageways,
and
WHEREAS, in the considered opinion of the Council of the City of
Fort Collins, the most practical means of insuring that said development
provides required storm drainage facilities is to attach a storm drainage
plant investment fee to the issuance of buildinq permits
N Mt, THEREFORE, BE IT GRDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS AS FOLLOWS
Section 1 That there is hereby imposed a Storm Drainage Plant
Investment Fee for the purpose of providing for the acquisition, upgrading,
design, and construction of storm drainage facilities r,ithin newly develOU-
ing areas of the City
Section 2 Pending the completion of the storm drainage basin studies
contemplated by Chapter 93 of the Code of the City of Fort Collins, the
Storm Drainage Plant Investment Fee S -all be determined as follows
A fee calculated at the rate of 1 G545 per square foot
net lot area Tor all uses
At such time as the specific storm drainage basin studies referred to above
have been completed, the fees set forth above shall be adjusted in accord-
ance with said studies to reflect the true cost for providing the necessary
storm drainage improvements To the extent, if any, wrich the fees set
fortn above exceed those fees determined by the storm Grainage basin
studies, then, in that event, the difference shall be refunded to the
property owner of record at the time the storm drainage basin studies are
completed Fortner, when a basin plan is completed and approved and when
in some cases on site subdivision inorovt�,rents have been made, credit may
be granted or a basin basis predicated on the previous improvement which
reduces overall basin iriprovenent costs
Section 3 The Storm Drainage Plant Investment Fee shall be in
addition to all other storm drainage utility fees
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