HomeMy WebLinkAboutCLYDESDALE PARK FIRST & SECOND ANNEXATIONS ..... 10/21/14 CITY COUNCIL HEARING - ANX140002 - REPORTS - SECOND READINGAgenda Item 6
approximately $85,500.00, but may be adjusted based on final accrued interest and expenses. The refunds
could likely be distributed to the owners of record by a mailed refund, with a letter from the City explaining the
details of the refund. Some variations in the refund amounts should be expected, as the payments are
determined by the assessed value of each property and the mill levy for the PID. Once the PID balance is
expended, the City can work with the County to dissolve the PID.
ATTACHMENTS
1. First Reading Agenda Item Summary, October 7, 2014 (w/o attachments) (PDF)
Item # 6 Page 2
Agenda Item 6
STAFF
Jason Holland, City Planner
SUBJECT
Items Relating to the Clydesdale Park First and Second Annexations.
EXECUTIVE SUMMARY
A. Second Reading of Ordinance No. 131, 2014, Annexing Property Known as the Clydesdale Park First
Annexation.
B. Second Reading of Ordinance No. 132, 2014, Amending the Zoning Map and Classifying for Zoning
Purposes the Property included in the Clydesdale Park First Annexation.
C. Second Reading of Ordinance No. 133, 2014, Annexing Property Known as the Clydesdale Park Second
Annexation.
D. Second Reading of Ordinance No. 134, 2014, Amending the Zoning Map and Classifying for Zoning
Purposes the Property included in the Clydesdale Park Second Annexation.
These Ordinances, unanimously adopted on First Reading on October 7, 2014, annex and zone the existing
Clydesdale Park subdivision located east of Interstate 25, south of the intersection of East Mulberry Street and
Carriage Parkway. Clydesdale Park includes 217 single-family residential lots on approximately 75 acres.
Residents of the Clydesdale Park neighborhood have requested annexation. The requested zoning for these
annexations is the Low Density Mixed -Use Neighborhood District (L-M-N), which is in compliance with the City
of Fort Collins Structure Plan.
STAFF RECOMMENDATION
Staff recommends adoption of the Ordinances on Second Reading
BACKGROUND / DISCUSSION
Refunding the Public Improvement District #50 (PID) balance to the Clydesdale Park property owners
Ordinance No. 131, 2014 and Ordinance No. 133, 2014, have been revised between first and second reading
to include direction to City staff to work with Larimer County staff to accomplish the fair and equitable refunding
to the property owners in the property of all funds presently held in the County's Public Improvement District
No. 50.
City staff is working with County staff to provide the City with the option of refunding the PID balance to the
Clydesdale Park property owners. After discussions with County staff, the County does believe that the City
can provide refunds to the owners, once the City automatically becomes the governing body for the P.I.D.
upon completion of the annexation.
Once the annexation is final, County staff will then determine the final account balance for the PID and can
work with City staff to issue refunds to the 217 lot owners that are part of the PID. The current balance is
Item # 6 Page 1