Ordinance 2011-1602 - Laserfiche WebLink

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• development to ensure new development pays a proportionate and fair share of the costs of the needed Capital Facilities, allowing the City to make the necessary Capital Facility expenditures to serve new development; H. As part of its five-year review under Section 3.18.100 of the Code, and in order to implement an equitable impact fee system, the City has prepared an impact fee study entitled City of Louisville, Colorado Impact Fees dated August 25, 2011 (hereinafter "Impact Fee Study"). Based on reasonable methodologies and analyses for determining the impacts of new development on the City's Municipal Capital Facilities, Library Capital Facilities, Transportation Capital Facilities, Parks and Trails Capital Facilities, and Recreation Capital Facilities, the Impact Fee Study quantifies the reasonable impacts of new development on these Capital Facilities, and establishes an Impact Fee no greater than is necessary to defray the projected impacts on these Capital Facilities directly related to proposed new development; I. The City hereby establishes as City standards the assumptions and Level of Service (LOS) standards referenced in the Impact Fee Study as part of its current plans for future expansions to the City's Municipal Capital Facilities, Library Capital Facilities, Transportation Capital Facilities, Parks and Trails Capital Facilities, and Recreation Capital Facilities, and the Impact Fee system codified in Chapter 3.18 of the Code; • J. The Impact Fees imposed on new development pursuant to this Ordinance and Chapter 3.18 of the Code are based on the Impact Fee Study and assumptions and LOS standards referenced in the Impact Fee Study. The Impact Fees are no greater than necessary to defray the projected impacts directly related to proposed new development; K. This Ordinance and Chapter 3.18 of the Code create a system under which Impact Fees shall not be used to remedy any existing deficiency in Municipal Capital Facilities, Library Capital Facilities, Transportation Capital Facilities, Parks and Trails Capital Facilities, or Recreation Capital Facilities; L. This Ordinance and Chapter 3.18 of the Code create a system under which Impact Fees paid by new development will be used to finance or defray all or a portion of the costs incurred by the City to construct City Municipal Capital Facilities, Library Capital Facilities, Transportation Capital Facilities, Parks and Trails Capital Facilities, and Recreation Capital Facilities to serve new development in ways that benefit the development that paid each Fee within a reasonable period of time after the Fee is paid; and WHEREAS, the City Council by this Ordinance desires to adopt an updated schedule of development Impact Fees consistent with the findings of the Impact Fee Study and amend certain other provisions of the Chapter 3.18 of the Code in connection with the City's five-year review • of the Impact Fee system; Ordinance No.1602,Series 2011 Page 2 of 7