HomeMy WebLinkAbout108 - 11/03/2009 - AMENDING CHAPTER 14 OF THE CITY CODE RELATING TO THE LANDMARK REHABILITATION LOAN PROGRAM ORDINANCE NO. 108, 2009
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AMENDING CHAPTER 14 OF THE CODE OF THE CITY
OF FORT COLLINS RELATING TO THE
LANDMARK REHABILITATION LOAN PROGRAM
WHEREAS, Chapter 14 of the City Code contains provisions pertaining to the Landmark
Rehabilitation Loan program (the "Program"); and
WHEREAS, due to the rising cost of rehabilitation construction projects, City staff has
recommended to the Council that the maximum loan amount for landmark rehabilitation loans be
changed from $5,000 to $7,500; and
WHEREAS, staff has also proposed that the City Code be amended to repeal Section 14-84,
which currently provides for an annual process for the administration of loans, since a semi-annual
application review process is recommended for the year 2010 and beyond and Section 14-82 already
authorizes the City Manager to promulgate rules for the efficient administration of the Program;and
WHEREAS,the Landmark Preservation Commission has recommended that the City Council
approve the proposed changes; and
WHEREAS, the City Council has determined that the proposed changes are in the best
interests of the City.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That Section 14-82 of the Code of the City of Fort Collins is hereby amended
to read as follows:
Sec. 14-82. Establishment; funding.
The City Manager shall administer the program for awarding zero-interest loans
for the rehabilitation of Fort Collins landmark structures and/or contributing
structures in Fort Collins landmark districts. The City Manager may promulgate
procedural rules and regulations for the efficient administration of the program. No
such loan shall exceed the sum of seven thousand five hundred dollars ($7,500.)
unless the City Council, by ordinance or resolution, authorizes a larger loan. All
loans shall be funded solely from those funds held by the City for financial support
of the program in the General Fund,and all loans shall be expressly contingent upon
the availability of sufficient funds to support the loan. Loan recipients shall, as a
condition of obtaining the loan, agree to repay the loan in full upon sale or transfer
of the property. All loan repayments shall be returned to the landmark rehabilitation
loan program.
Section 2. That Section 14-84 of the Code of the City of Fort Collins is hereby deleted
in its entirety:
Introduced, considered favorably on first reading, and ordered published this 20th day of
October, A.D. 2009, and to be presented for final passage on thegay of November, A.D. 2009.
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May
ATTEST:.
City Clerk
Passed and adopted on final reading on the 3rd day of November, A.D. 2009.
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Mayo
ATTEST: -
City-Clerk