Ordinance 1985-874 - Laserfiche WebLink

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E. "Floor area" means the area included within the surrounding exterior walls of a building or portion thereof, measured form the inside of all exterior walls which is finished for living purposes and does not include garages and unfinished subgrade levels. F . "Capital Improvement Fee" means the fee determined by this Chapter, and any subsequent thereto, to be used for the creation of the capital improvement fund. G. "Capital Improvement Fund" means a special fund, for accounting purposes created by this Chapter for the purpose of constructing and maintaining capital improvements within the City of Louisville including the acquisition of real estate on which said improvements may be constructed. H. "Public structures" means any structure which shall be used by the general population and which is owned by a governmental entity. I. "Treasurer" means the duly appointed treasurer of the city. 3.16.020 Fee Designated. Any contractor applying for a building permit for a residential dwelling unit in accordance wi th Chapter 15.04 shall, as a condition of obtaining such building permit, pay to the City a capital improvement fee, as follows: said fee shall be paid to the Building Official in the amount of $1,650 per unit, wi th an additional fee of $2.25 per square foot floor area as defined in Section 3.16.010, as the same may be determined from the plans and specifications submitted to the Building Official as part of the application for a building permit. 3.16.030 Capital Improvemen t Fund-Created. There is hereby created a capital improvement fund in the City. All capital improvement fees collected in accordance wi th Section 3.16.020 shall be paid into a special and segregated fund. The Treasurer shall account separately for all receipts and disbursments to and from the fund and shall not co-mingle any part of said fund wi th other funds of the City. 3.16.040 Applicability. Capital Improvemen t fee shall apply to only new construction and shall not apply to alterations or additions to an existing structure. The fee shall not apply to the construction of an accessory structure or to remodeling, improvements or additions to a structure subsequent to the issuance of the original certificate of occupancy for said structure. In addition, no fee shall be charged under this Chapter when the new residential unit to be constructed replaces an existing residential unit on the site. -2-