Ordinance 2006-1506 - Laserfiche WebLink

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J. Impact Fee(s). The Municipal Capital Facilities Impact Fee (Municipal Fee), Library Capital Facilities Impact Fee (Library Fee), Transportation Capital Facilities Impact Fee (Transportation Fee), Parks and Trails Capital Facilities Impact Fee (parks and Trails Fee), and Recreation Capital Facilities Impact Fee (Recreation Fee), established by this Chapter. K. Impact Fee Trust Fund. The trust fund established by Section 3.18.060 of this Chapter, which includes a Municipal Capital Facilities Account, Library Capital Facilities Account, Transportation Capital Facilities Account, Parks and Trails Facilities Account, and Recreation Facilities Account. The Impact Fee Trust Fund is also called the Trust Fund. L. Fee Payer. A person commencing Impact-Generating Development who is obligated to pay an Impact Fee in accordance with the terms of this Chapter. M. Fee Schedule or Impact Fee Schedule. The Impact Fees for Municipal Capital Facilities, Library Capital Facilities, Transportation Capital Facilities, Parks and Trails Capital Facilities, and Recreation Capital Facilities established by this Chapter. The Impact Fee Schedule is set forth in Appendix A to this Chapter and is incorporated herein by reference. N. Impact Fee Study. The study entitled City of Louisville, Colorado Impact Fees, prepared by TischlerBise dated November 9, 2006. O. Independent Fee Calculation Study. A study prepared by a Fee Payer, calculating the cost of Municipal Capital Facilities, Library Capital Facilities, Transportation Capital Facilities, Parks and Trails Capital Facilities, or Recreation Capital Facilities recluired to serve the Fee Payer's proposed development, that is performed on an average cost (not marginal cost) methodology, uses the level of service standards, service units and unit construction costs stated in The Impact Fee Stug, and is performed in compliance witl1 any criteria for such studies established by this Chapter. P. Level of Service (LOS). A measure of the relationship between service capacity and service demand for Capital Facilities (in this Chapter Municipal Capital Facilities, Library Capital Facilities, Transportation Capital Facilities, Parks and Trails Capital Facilities, and/or Recreation Capital Facilities). Q. Low-Income Housing. A residential dwelling unit which is required, by binding legal instrument acceptable to the City and duly recorded with the County Clerk and Recorder, to be occupied by and affordable to low-income households for at least twenty (20) years, and which is either a dwelling unit which is available for rent on terms that would be affordable to households earning eighty (80) percent or less of the median income of City residents, as adjusted for family size, and paying less than thirty (30) percent of their gross income for housing, including rent and utilities, or a dwelling unit which is available for purchase on terms that would be affordable to households earning eighty (80) percent or less of the median income of City residents, as adjusted for family size, and paying less than thirty-eight (38) percent of 5