Ordinance 2006-1506 - Laserfiche WebLink

Home Browse Search

Sec. 3.18.010 Short Title, Authority and Applicability. A. Title. This Chapter shall be known and may be cited as the "Louisville, Colorado Impact Fee Ordinance" or "Impact Fee Ordinance." B. Authority. The City has the authority to adopt this Chapter pursuant to Article XX ~ 6 of the Colorado State Constitution, the City's home rule charter, the City's general police powers, and other relevant laws of the State of Colorado. C. Application. This Chapter shall apply to all development within the territorial limits of the City, except development exempted pursuant to Section 3.18.040.B, Exemptions. Sec. 3.18.020 Intent. A. Development Bears Proportionate Share of Costs of Capital Facilities. The intent of this Chapter is to ensure that new development bears a proportionate share of the cost of City Municipal Capital Facilities, Library Capital Facilities, Transportation Capital Facilities, Parks and Trails Capital Facilities, and Recreation Capital Facilities. B. Bear Proportionate Share of Costs Through Impact Fees. It is the further intent of this Chapter that new development pay for its fair share of the costs of these Municipal Capital Facilities, Library Capital Facilities, Transportation Capital Facilities, Parks and Trails Capital Facilities, and Recreation Capital Facilities through Impact Fees. e. Not Intent to Charge More than Proportionate Cost. It is the intent of this Chapter that the Impact Fees imposed on new development are no greater than necessary to defray the impacts directly related to proposed new development (the costs of City Municipal Capital Facilities, Library Capital Facilities, Transportation Capital Facilities, Parks and Trails Capital Facilities, and Recreation Capital Facilities to accommodate new development). D. Not Intent to Remedy Existing Deficiency. It is not the intent of this Chapter that Impact Fees be used to remedy any eXlstmg deficiency in Municipal Capital Facilities, Library Capital Facilities, Transportation Capital Facilities, Parks and Trails Capital Facilities, or Recreation Capital Facilities. E. Not Intent to Commingle Funds. It is not the intent of this Chapter that any monies collected from any Impact Fee deposited in an Impact Fee Trust Account ever be commingled with monies from a different Trust Account, or ever be used for Capital Facilities that are different from that for which the Fee was paid, or ever be used to replace or rehabilitate existing City Municipal Capital Facilities, Library Capital Facilities, Transportation Capital Facilities, Parks and Trails Capital Facilities, or Recreation Capital Facilities. 3.18.030 Definitions. For the purposes of this Chapter, the following terms shall have the following meanings: 3