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HomeMy WebLinkAbout189 - 12/15/1987 - AMENDING CITY CODE RELATING TO THE COLLECTION OF STREET OVERSIZING FEES ORDINANCE NO. 189, 1987 OF THE COUNCIL OF THE CITY OF FORT COLLINS BEING AN ORDINANCE AMENDING CHAPTER 24 OF THE CODE OF THE CITY OF FORT COLLINS RELATING TO THE COLLECTION OF STREET OVERSIZING FEES WHEREAS, Section 24-116 of the Code of the City of Fort Collins provides for an annual review and/or adjustment of oversizing fees to be made by the Director of Engineering; and WHEREAS, City staff has recommended that to provide for a more equitable apportionment of development costs, the oversizing fees should be adjusted as follows: FROM TO Residential $ 598/Dwelling Unit $ 622/Dwelling Unit Industrial 7, 176/Gross Acre 7,463/Gross Acre Commercial 14,352/Gross Acre 14,926/Gross Acre and WHEREAS, the Council finds that the adjustments of street oversizing fees as set forth below are necessary in the public interest to fairly allocate the increased costs of street oversizing among developers of real property within the City and to offset the impacts of such development upon the City streets; and WHEREAS, the Council of the City of Fort Collins has determined that it is in the best interests of the citizens of the City that the aforesaid fees be established accordingly. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS AS FOLLOWS: Section 1 . That Section 24-112 of the Code of the City of Fort Collins be, and it hereby is, amended by deleting the words and figures "five hundred ninety-eight dollars ($598) " and substituting therefor the words and figures "six hundred twenty-two dollars ($622) . " Section 3. That Section 24-113 of the Code of the City of Fort Collins be, and hereby is, amended by deleting the words and figures "seven thousand one hundred seventy-six dollars ($7, 176) " and by substituting therefor the words and figures "seven thousand four hundred sixty-three dollars ($7,463) . " Section 4. That Section 24-114 of the Code of the City of Fort Collins be, and hereby is, amended by deleting the words and figures "fourteen thousand three hundred fifty-two dollars ($14,352)" and by substituting therefor the words and figures "fourteen thousand nine hundred twenty-six dollars ($14,926) . " Introduced, considered favorably on first reading, and ordered Published this 1st day of December, A.D. 1987, and to be presented for final passage on the 15th day of December, A.D. 1987. M r ATTEST: -1-"1 City Clerk 1987.Passed and adopted on final reading this 15th day of December, A.D. May — ATTEST: City Clerk