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HomeMy Public PortalAboutOrdinance 424 Amending CH. 18 Art. 18-6 Subsection 18-6-40(b) updating Emergancy Service Impact Fees for Land DevelopmentTOWN OF FRASER ORDINANCE NO. 424 Series 2014 AN ORDINANCE AMENDING CHAPTER 18, ARTICLE 18-6, SUBSECTION 18-6-40(b) OF THE CODE OF THE TOWN OF FRASER BY ADOPTING UPDATED EMERGENCY SERVICES IMPACT FEES FOR LAND DEVELOPMENT ACTIVITY REQUIRING ADDITIONAL EMERGENCY SERVICES NOW THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE TOWN OF FRASER, COLORADO, THAT: PART 1: AMENDMENT OF TOWN CODE. Chapter 18, Article 18-6, Subsection 18-6-40(b) of the Code of the Town of Fraser, Colorado (herein sometimes referred to as the "Town Code") is hereby amended in its entirety to read as follows: Section 18-8-40. Impact Fee Amount. (b) Pursuant to the East Grand Fire Protection Study of Fiscal Impact, prepared June 30`h 2014 by Economic & Planning Systems Inc., the Impact Fees and formulas are as follows: Residential Impact Fee: Present cost of future expenditures: $2,466,000' Multiplied by the share attributed to new growth: 33%' Equals the net cost (allocation) to new growth: $816,000 Plus the projected construction cost of a new station: $ 1,200,000' Equals new growth's share of net capital costs: $2,016,000 Divided by expected residential units of new growth: 3,498' Plus commercial square footage converted to "Single Family Equivalents" 2: 674 4,172 Equals the Impact Fee: $483 Commercial Impact Fee: The impact fee for commercial development is determined by multiplying the total square footage of a proposed development by $0.268 2 [proposed building square footage x $0.268 = Commercial Impact Fee] 'Determined in the Fiscal Impact Study 2 A Single Family Equivalent Unit is arrived at by dividing the Impact Fee by the average residential unit size which in the study was determined to be 1,800 square feet. PART 2: REPEAL. Any and all existing ordinances or parts of ordinances of the Town of Fraser covering the same matters as embraced in this Ordinance are hereby repealed and all ordinances or parts of ordinances inconsistent with the provisions of this ordinance are hereby repealed; provided, however, that such repeal shall not affect or prevent the prosecution or punishment of any person for any act done or committed in violation of any ordinance hereby repealed prior to the taking effect of this Ordinance. PART 3: SEVERABILITY. If any section, subsection, sentence, clause or phrase of this Ordinance is, for any reason, held to be invalid or unconstitutional, such decision shall not affect the validity or constitutionality of the remaining portions of this Ordinance. The Town of Fraser hereby declares that it would have adopted this Ordinance, and each section, subsection, clause or phrase thereof, irrespective of the fact that any one or more sections, subsections, sentences, clauses and phrases thereof be declared invalid or unconstitutional. PART 4: EFFECTIVE DATE. This Ordinance shall take effect thirty (30) days after passage, adoption and publication thereof as provided by law. READ, PASSED, ADOPTED AND ORDERED PUBLISHED BY THE BOARD OF TRUSTEES AFTER PUBLIC HEARING AND SIGNED THIS 19th DAY OF NOVEMBER, 2014. Votes in favor: BOARD OF TRUSTEES OF THE Votes opposed: TOW F FRA , COLORADO Votes abstained: Peggy ayor ATTEST: 27, 2014.