City Council Minutes 1999 11 16 - Laserfiche WebLink

Home Browse Search

City Hall/Police Station Recreation Center/Senior Center Expansion Library Expansion Police Communications Center $1,557,800 1,500,000 625,000 750,000 Total $4,432,800 At the 2000 Goal Setting Session the City Council discussed a fee to ensure that new development assisted in this funding. A Community Investment Fee is an impact fee, or scheduled charge, that applies to new development to generate revenue for the construction or expansion of public facilities that are necessitated by and benefit the contributing development. This is a way to require new development to assist in financing these construction or expansion projects. The Community Investment Fee targets building or other capital facility projects that meet one of the following criteria: The replacement of existing facilities that no longer are adequate to meet needs anticipated by growth. The maintenance of service levels through facility usage. The expansion of facilities in response to growth. As an impact fee, the Community Investment Fee cannot be used for operation, maintenance, or repair of City facilities. Impact fees are imposed for a particular purpose, as a condition for approval in order to proceed with development. The fee is considered regulatory in nature, and not a tax. New fees are not subject to voter approval according to the TABOR amendment. The public facilities that are constructed or expanded with the Community Investment Fees are those that do not have a revenue source tied specifically to their operations. This would exempt facilities associated with the City's enterprise funds: water, sewer and golf. In order to determine the calculation it must first be determined who is charged. The fee must be equitable and applied fairly. 'In order to accomplish this the fee should be applied to both residential and non-residential development, since the ultimate goal of the fee generation is to construct or expand facilities that will benefit all. The Community Investment Fee shall be required for new construction and for alterations or additions to an existing structure of twenty-five percent or more. The fee shall not apply to the construction of any accessory structure. In addition, no fee shall be charged when a structure replaces an existing comparable structure on the site. The fee does not apply to public or nonprofit structures. 4