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ORDINANCE NO. 1169 SERIES 1994 AN ORDINANCE AMENDING FEE REQUIREMENTS PERTAINING TO WATER SERVICE AND CAPITAL IMPROVEMENTS TO ASSIST IN MEETING GROWTH RELATED NEEDS OF THE CITY OF LOUISVILLE, COLORADO. WHEREAS, the City of Louisville, Colorado, has experienced substantial population growth in recent years, WHEREAS, such population growth has placed and will continue to place a burden on the ability of the City to provide public services in a timely fashion to accommodate the growth; and WHEREAS, the City will need additional resources in order to provide necessary water services to its additional population, as described in the Comprehensive Plan; and WHEREAS, there is a demonstrated need to provide additional capital improvements to serve the City's growing population; and WHEREAS, the City has incurred bonded debt in order to construct new facilities necessary to provide a water supply to serve the present and future population of the City and new development should pay its fair share of such costs; and WHEREAS, increases in certain water tap fees will assist in defraying the costs of providing or expanding City services made necessary by new development within the City; and WHEREAS, the City Council of the City of Louisville hereby determines that the increases in fees set forth herein are reasonably designed to defray the overall costs of the services or facilities for which the fees are imposed, and that the increases reasonably relate to the needs created or contributed to by new development. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO: Section 1. Section 13.12.040 of the Louisville Municipal Code, entitled "Tap fee - Table B," only the following portion of Subsection A is amended to add the following new Table B effective January 1, 1995, after the Table B effective February 15, 1994, to read as follows: 1