HomeMy WebLinkAbout032 - 03/02/1999 - REPEALING SECTION 24-113(B) OF THE CITY CODE IN ORDER TO TERMINATE THE STREET OVERSIZING EXEMPTION P ORDINANCE NO. 32, 1999
OF THE COUNCIL OF THE CITY OF FORT COLLINS
REPEALING SECTION 24-113(b) OF THE CITY CODE,
IN ORDER TO TERMINATE THE STREET OV FRSIZING EXEMPTION PROGRAM
WHEREAS, the City Council established by Ordinance No. 91, 1989 a program for
exemption from the City's Street Oversizing Fee for contribution to economic development,codified
at Section 24-113(b) of the Code of the City of Fort Collins (the "Street Oversizing Exemption
Program"); and
WHEREAS, the Street Oversizing Exemption Program, as modified by the adoption of
Ordinance No. 38, 1998, has continued in place to date; and
WHEREAS,in June, 1998,the City Council adopted Ordinance No. l 10, 1998, suspending
indefinitely the operation of the Street Oversizing Exemption Program, in order to allow for the
review and evaluation of the City's incentive programs for economic development, including the
Street Oversizing Exemption Program,along with other components of the City's Economic Policy,
with a concern for tax and fee fairness and effectiveness of economic development incentive policies
and programs; and
WHEREAS, staff has completed this evaluation, and has presented for City Council
consideration a modified and comprehensive economic pol icy that refocuses the City's efforts away
from the use of financial incentives as a tool to stimulate economic activity; and
WHEREAS, Council has determined that termination of the Street Oversizing Exemption
Program would be in the best interests of the citizens of Fort Collins; and
WHEREAS,City Council will reconsider the termination of the Street Oversizing Exemption
Program if economic and community conditions decline, or circumstances otherwise change in a
manner that results in significant growth in unemployment,reduction in sales and use tax collections,
or negative changes in other economic, fiscal, and community indicators.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that Section 24-113(b) of the Code of the City of Fort Collins is hereby repealed,
terminating the Street Oversizing Exemption Program,and,that no further exemption from the Street
Oversizing Impact Fee for contribution to economic development shall be granted pursuant to such
section.
Introduced, considered favorably on first reading, and ordered published this 16th day of
February, A.D. 1999, and to be presented for final passage on the of March, A.D 1999.
- ayor i
ATTEST:
City Clerk
Passed and adopted on final reading this 2nd day of March; A.D� 999.
i
. . ayor
ATTEST:
City Clerk