HomeMy WebLinkAbout032 - 03/04/1980 - AMENDING CHAPTER 16 OF THE CITY CODE AND PROVIDING FOR REIMBURSEMENT FOR STORM SEWER IMPROVEMENTS -- J
OPDINAHCE NO .32, 1980
OF THE COUNCIL OF fhE CITY OF FORT COLLIi,;
X ENDIP�G CHA°TLP 16 OF THE CODE OF THE CITY
OF FOPT COLLIP ' AND PROVIDI \G FOR PLIhBIIkSEi ENT
FOR STOW SE4rEP Ii Pf '(AEhEiNT)
BE IT ORDAINED EY THE COUNCIL OF THE CITY OF FOnT COLLIiIS
Section 1 That Chapter 16 of the Code of the City of Fort Collins
be, and the same hereby is, amended by the addition of a new Section 16-37
to read as follows
"b16-37 Reimbursement for Storm Sever Improvements
then an improvement district is created for the
purpose of installing storm sewer improvements, the
City may enter into an agreement with the district
which provides that at such time as properties, which
were not included witnin the district but reed to
utilize such storm crainaoe facilities for develop-
ment, receir,e final oevelopment approval from the City
Council , the City may collect a charge based upon
contributing acreage, and if so collectea, shall
reimburse the aistrict to the extent of tie collection
so made The amount collecteg shall be in proportion
to the amount assesses a4ainst property within the
district at the time the inprovements Wert constructed
plus any ancunt na-'cled pu sudirt Lo the aq E-cment wi Lh
the district to recognize the effects of inflation
Any rronies received pursuant to this Section snall be
distributed on the basis of original contributing
acreage to the property owners of properties original-
ly included within the district Sdid rrnnies shall Le
utilized first to pay any remaining portion of the
improvement district assessment with the remainder, if
any, to be reinbursed directly to the oricinal proper-
ty owner The rignt to reimburserrent pursuant to this
Section shall net exceed a period of ten (10) years
from the execution of the agreement The City Council
may approve an extension to the agreement exceeding
ten (10) years "
Passage of Ordinance That the immediate adontion of the foregoinc
neasures are necessary to preserve, protect, and advance the general
welfare and safety of the residents of the City of Fort Collins Tnere-
fore, the City Council hereby determines that an emergency does exist
requiring the imrediate passaae of this Ordinance, and this Ordinance
is, therefore, enacted pursuant to Section 6 of Article II of the Charter
of the City of Fort Collins as an Frier rency Crainanr_e and shall become
effective upon its passage
Introduced, considereo fa%orably by 7 menbers of Lne City Council
uoon reading, finally passed as an Frlergency Ordindrice and orcered pub-
lished this 4th oay of March A D 1960
i
ors `
ATTEST
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City Clerk
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