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HomeMy WebLinkAbout1996-007-03/05/1996-AFFORDABLE HOUSING DEVELOPMENT IMPACT FEE REBATE OUT-OF-CITY REBATE PHASING CRITERIA RESOLUTION 96-7 OF THE COUNCIL OF THE CITY OF FORT COLLINS AMENDING THE ADMINISTRATIVE REGULATIONS OF THE DEVELOPMENT IMPACT FEE REBATE PROGRAM FOR AFFORDABLE HOUSING BY ADDING CRITERIA FOR COUNCIL APPROVAL OF OUT-OF-CITY REBATE REQUESTS WHEREAS, on October 4, 1994, the City Council passed Ordinance No. 145, 1994, amending Chapter 5 of the City Code by the addition of a new Article IX permitting the rebate of City development impact fees for the purpose of promoting affordable housing; and WHEREAS, Section 5-356 of the City Code authorizes the City Manager to develop administrative regulations for the rebate program; and WHEREAS, on October 4, 1994, the Council also passed Resolution 94-167 adopting the administrative regulations for the Rebate Program; and WHEREAS, the administrative regulations of the Rebate Program include a Program Requirement that "all units must be located within the City limits of Fort Collins unless otherwise authored by the Council'% and WHEREAS, the Council has determined that it is in the best interest of the City that the administrative regulations be amended by the establishment of criteria under which out-of-city rebate requests will be evaluated. NOW,THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS that the following criteria be added to the administrative regulations for the development impact fee rebate program for affordable housing for the purpose of evaluating out-of-city rebate requests: 1. Located within the UGA: The project must be located within the boundaries of the Fort Collins Urban Growth Area. 2. Received City Water and/or Sewer Utilities and Paid Appropriate Plant Investment and Tap Fees: The project must have received City water and/or sewer utilities, and must have paid the appropriate plant investment and tap fees. The project must also have signed an annexation agreement allowing the City to annexed the project site when it becomes eligible for annexation according the State's annexation laws. 3. Conforms to City Phasing Criteria: The project must comply with all City phasing criteria in effect at the time of the rebate request. 4. Proportional Rebate Based on What the Project Actually Paid to the City in Terms of Development Fees and the Amount the Project Would Have Paid Had the Project Been Located Within the City Limits: The amount of the rebate granted by the City will be proportional based on the amount of development fees the project actually paid to the City and the amount of development fees the project would have paid had the project been located inside the city limits. Passed and adopted at a regular meeting of the City Co cil Id this 5th d f rch,A.D. 1996. ' 6- ayor ATTEST: IML �.� City Clerk