HomeMy WebLinkAboutHEARTHFIRE WAY ANNEXATION & ZONING - 38-99 - CORRESPONDENCE - CITY STAFFUtilil:A s
light & power • stormwater • wastewater • water
City of Fort Collins
April 25, 2000
Hearthfire, Inc.
William A Yunker., Vice President
11941 West 48 h Avenue
Wheatridge, CO 80033
Dear Property Owner:
RE: Electric Service to the Proposed Hearthfire Way Annexation
The City of Fort Collins Utilities has received a copy of the proposed Hearthfire Way Annexation from
the City's Current Planning Department. Poudre Valley Rural Electric Association (PVREA) currently
provides electric service to this area. The City of Fort Collins Utilities will assume responsibility for
providing the electric service following annexation. In most cases, the transfer of electric service territory
will take place within one-year of annexation.
To compensate PVREA for the loss of territory, Colorado State law requires a payment of service rights
fees to PVREA. The fee is equal to 25% of the City's revenue for electric service for all customers within
the annexation at the time the territory is transferred to Fort Collins Utilities. A 5% service rights fee is
applicable to new customers added within the annexation boundaries after the transfer of the service
territory. All service rights fees terminate ten years after the electric customers and facilities are
transferred to the City.
It is important you know that service rights fees will apply to this annexation because the fees are
collected from annexed customers through the City's electric rates. However, the City's electric rates are
among the lowest in the State and will help mitigate the impact of the service rights fee.
If you would like additional information on the cost of electric service following annexation, please call
me at 221-6714.
Sincerely,
Ellen Switzer,
Finance and Budget Manager
cc: Current Planning Dept.
7001Nood St. • PO. Box 580 • Fort Collins, CO 80522-0580 • (970) 221-6700 • FAX (970) 221-6619 • FAX (9711) 221-65O3 • -I DD (97II) 221-6011
e-mail: utilities(,ci.fort-collins.co.us • www.ci.fort-collins.cn.uslUIILIT] ES