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HomeMy WebLinkAbout1984-091-06/05/1984-ADOPTING SPECIAL IMPROVEMENT DISTRICT POLICIES FOR THE CITY RESOLUTION 84- 91 OF THE COUNCIL OF THE CITY OF FORT COLLINS ADOPTING SPECIAL IMPROVEMENT DISTRICT POLICIES FOR THE CITY WHEREAS, the staff of the City has, after discussions with developers, lenders, appraisers, and their attorneys, prepared Special Improvement District Policies for the City; and WHEREAS, the Council has examined said policies and does hereby find that said policies are in the best interest of the citizens of the City. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS that the Special Improvement District Policies, a copy of which is attached hereto and incorporated herein by this reference, are hereby adopted and established as official policies of the City, which policies shall be followed by the City staff with respect to Special Improvement Districts. Passed and adopted at a regular meeting of the Council of the City of Fort Collins held this 5th day of June, 1984. )1� 1 v o Mayor ATTEST: City Clerk EXHIBIT "A" Policies 1. All public improvements as described in Chapter 16 of the City Code shall be eligible for inclusion in an improvement district. However, the City may exclude certain improvements when it deems such improvements are not in the best interests of the City. 2. The City reserves the right to deny, for cause, the creation of any district. 3. The proposed district should be consistent with the Master Street Plan and other planning documents of the City. The district should have an approved master plan. An approved preliminary plan may be required if local street or utility improvements are to be included within the dis- trict. The City may also require a storm drainage plan to be submitted. 4. The total cost of the district should not exceed the appraised value of the improvements and the land to be included in the district. 5. The amount of encumbrances on the land in the district including the assessments of the district should not exceed 90% of the value of the land including the improvements without being acknowledged by subordinate lien holders, or the posting of a surety from a recognized company for 100% of the principal and interest of the construction cost of the district. 6 . The cost to be borne by the City in a district must be currently available or minimized and/or deferred through credits or other mechanisms. 7. The City has the option to require property owners within the district to manage construction of the improvements themselves or through profes- sional engineers where it is to the City's advantage to do so and the proposed managers can demonstrate experience and competence. 8. The City has the option to require privately-managed districts to bid and award contracts for construction of the public improvements when pro- vided for in the district's master agreement and performed in conformance with the City Charter. 9. Construction activities of district improvements should not cause extraordinary inconvenience to properties choosing not to be a party to the district. 10. Should a default in the assessment payments of a district occur, the City shall have the right to immediately proceed with all legal remedies including a tax deed and sale of the affected land. 11. The City Manager may establish administrative policies and procedures for the improvement district process and may recommend appropriate fees to the City Council . 12. Proposed improvements should be of benefit to the City within a reasonable timeframe.