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HomeMy WebLinkAbout066 - 06/20/2000 - AMENDING THE CITY CODE RELATING TO FEES FOR RAW WATER REQUIREMENTS FOR THE WATER UTILITY ORDINANCE NO. 66, 2000 OF THE COUNCIL OF THE CITY OF FORT COLLINS AMENDING CHAPTER 26 OF THE CODE OF THE CITY OF FORT COLLINS RELATING TO FEES FOR RAW WATER REQUIREMENTS FOR THE WATER UTILITY WHEREAS, in order to satisfy the City's raw water requirements, developers have the option of paying a cash fee to satisfy those requirements or to provide the City with equivalent water rights; and WHEREAS, this cash fee, paid in-lieu-of water rights, is periodically adjusted to reflect the market price of water rights; and WHEREAS, the last adjustment in this fee was in January of 2000, when it was adjusted from $2,700 to $3,500 per acre foot; and WHEREAS, the City Code also provides that non-residential customers pay a surcharge on water use in excess of their annual allotment, which charge is based upon this cash fee; and WHEREAS, since the fee is increasing, the surcharge for non-residential customers must also be increased; and WHEREAS, both of these increases are required due to the recent rapid increase in water prices for Colorado-Big Thompson units of water, which units were selling for approximately $8,000 per unit in January 2000 but in more recent sales have been sold for as much as $15,000 per unit. NOW THEREFORE BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS that subparagraphs (c)(1) and (c)(2) of Section 26-129 of the Code of the City of Fort Collins be amended to read as follows: (c) The fees and requirements for raw water shall be as follows: (1) To satisfy raw water requirements with in-lieu cash payments, the rate per acre-foot of RWR is forty-five hundred dollars ($4,500). (2) The surcharge for water used in excess of applicable annual allotment shall be two dollars and twelve cents ($2.12)per one thousand (1,000) gallons. Section 2. That the amendments recited herein shall become effective for all building permits issued by the City of Fort Collins and for all billings rendered by the Fort Collins Water Utility on or after August 1, 2000. Introduced, considered favorably on first reading, and ordered published this 6th day of June, A.D. 2000, and to be presented for final passage on the 20th day of June, A.D. 2000. Mayor ATTEST: City Clerk Passed and adopted on final reading this 20th day of June, A.D. 2000. C/ 1t) Mayor Pro Tem ATTEST: City Clerk