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HomeMy WebLinkAbout020 - 02/16/1999 - REPEALING ARTICLE IX OF CHAPTER 5 OF OF THE CITY CODE REGARDING THE OFFSET OF IMPACT FEES FOR AFFORD ORDINANCE NO. 20, 1999 OF THE COUNCIL OF THE CITY OF FORT COLLINS REPEALING ARTICLE IX OF CHAPTER 5 OF THE CODE OF THE CITY REGARDING THE OFFSET OF IMPACT FEES FOR AFFORDABLE HOUSING WHEREAS,Article IX of Chapter 5 of the Code of the City of Fort Collins provides for the offset of impact fees for affordable housing; and WHEREAS, the staff, and the Affordable Housing Board, have recommended to the City Council that the City's program for the offset of impact fees for affordable housing(the "Program") be eliminated for all projects except those eleven (l l) projects which have received preliminary planning approval and have financially relied upon receiving an offset of fees under the Program; and WHEREAS, staff and Affordable Housing Board anticipate recommending to the Council at some future time that the Program be replaced with a competitive process which would allocate all City funds related to affordable housing issues; and WHEREAS, the Council has determined that it is in the best interest of the City that the Program be eliminated. NOW, THEREFORE, BE 1T ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS that Article IX of Chapter 5 of the Code of the City of Fort Collins pertaining to the offset of impact fees for affordable housing be and hereby is repealed, together with all administrative regulations pertaining thereto; provided, however, that said Article IX and its associated administrative regulations shall remain in effect for those eleven(11)projects which have received preliminary planning approval and have financially relied upon receiving an offset of fees under the Program,which eleven(11)projects are more particularly described on"Exhibit A" attached hereto and incorporated herein by this reference. Introduced, considered favorably on first reading, and ordered published this 2nd day of February, A.D. 1999, and to be presented for final passage on the 16th day of Februar�.D. 1999. Mayor ATTEST: City Clerk Passed and adopted on final reading this 16th day of February, A.D. 1999. �i --`1GIa}'or � i ATTEST: City Clerk EXHIBIT A DEVELOPMENT PROJECTS TO WHICH THE OFFSET OF IMPACT FEES FOR AFFORDABLE HOUSING PROGRAM REMAINS IN EFFECT CARE Eagle Tree (17 rental units cr 50% AMI, 5 @ 45% & 14 @ 40%) FCHA, Parkway Townhomes (12 homeownership units @ 50% AMI) C&A Scenic Views, Saddle Ridge (27 homeownership units @ 80% AMI) Brandt, Willow Wood(14 homeownership units @ 80% AMI) Brisben, Buffalo Run (13 rental units @ 400/o AMI & 73 @ 50%) Brisben, Bull Run (35 rental units cr 50% AMI & 141 @ 60%) FCHA, Via Lopez (33 homeownership units lu) 50% AMI) Habitat for Humanity, Albion Way (1 homeownership unit @ 50% AMI) Habitat for Humanity, Albion Way (1 homeownership unit ��a, 50% AMI) Brisben, Country Ranch (118 rental units n 60% AMI) CARE, Windtrail (50 rental units cr 55% AMI ) ------------------------------------------------------------ ----------------------------------------------------------------