Ordinance 2006-1506 - Laserfiche WebLink

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ORDINANCE NO. 1506 SERIES 2006 AN ORDINANCE REPEALING AND REENACTING CHAPTER 3.18 OF THE LOUISVILLE MUNICIPAL CODE REGARDING DEVELOPMENT IMPACT FEES FOR MUNICIPAL CAPITAL FACILITIES, TRANSPORTATION CAPITAL FACILITIES, LIBRARY CAPITAL FACILITIES, PARKS AND TRAILS CAPITAL FACILITIES AND RECREATION CAPITAL FACILITIES. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO: Section 1. Legislative Findings: The City Council of the City of Louisville, Colorado fmds that: 1. New Development Placing Demand on City's Municipal Capital Facilities, Library Capital Facilities, Transportation Capital Facilities, Parks and Trails Capital Improvements, and Recreation Capital Facilities. New development in the City is placing and is projected to place an increased demand upon the City's Municipal Capital Facilities, Library Capital Facilities, Transportation Capital Facilities, Parks and Trails Capital Improvements, and Recreation Capital Facilities. 2. Need for Expansion of these Capital Facilities to Protect Health, Safety and Welfare. The protection of the health, safety, and general welfare of the citizens of the City requires that these Capital Facilities be expanded to accommodate and serve this continuing growth within the City from new development. 3. Revenue Shortfall. The tax and other revenues generated from new development does not generate sufficient funds to provide the necessary City Municipal Capital Facilities, Library Capital Facilities, Transportation Capital Facilities, Parks and Trails Capital Improvements, or Recreation Capital Facilities to accommodate and serve new development. 4. Impact Fees Preferred Method. The adoption of an equitable Impact Fee system consistent with the requirements of applicable law is one of the preferred methods of the City for regulating land 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. 5. Impact Fee Study to Support Impact Fees. In order to implement an equitable Impact Fee system, the City prepared an impact fee study entitled City of Louisville, Colorado Impad Fees dated November 9, 2006 (hereinafter "Impad Fee Stu4J"). 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 Impad Fee Stu4J 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. 1