HomeMy WebLinkAbout07441ORDINANCE NO. 7441
AN ORDINANCE AMENDING ORDINANCE NOS. 6083 AND 6099 RELATING TO FUNDS ON
DEPOSIT FOR IMPROVEMENTS TO OUTLOOK BOULEVARD
WHEREAS, Ordinance No. 6083 approving the Plat of Hillcrest Estates Subdivision V
Filing and Ordinance No. 6099 approving the Plat of Two Pines at Outlook Subdivision
(collectively, the "Subdivisions') provided that $500.00 per dwelling unit in the Subdivisions
( "Payment') be collected at the time a building permit was issued for each such dwelling unit and
deposited in an interest - bearing account ( "Account'), and
WHEREAS, Ordinance Nos. 6083 and 6099 further provided that funds in the Account
would be used for improvements to Outlook Boulevard from the Subdivisions north to Eagleridge
Boulevard ( "Improvements ") and, if not so used by May 1, 2006, the funds in the Account are to be
refunded to the owners who made the Payments, and
WHEREAS, the Improvements will confer a benefit on the dwelling units within the
Subdivisions, and
WHEREAS, based on pending subdivisions of land in the near vicinity of the Subdivisions, it
is reasonably anticipated that the Improvements will be completed within thirty -six (36) months, and
WHEREAS, it would be in the best interest of the City and the owners of dwelling units in
the Subdivisions and be in furtherance of the public health, safety and welfare to extend the time to
refund the funds in the Account to May 1, 2009; NOW, THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that: (brackets indicate matter
deleted, underscoring indicates matter added)
SECTION 1
The last sentence of subsection (d) of Section 3 of Ordinance No. 6083 and Ordinance No
6099 is amended to read as follows:
All funds remaining in said account on May 1, 200[6]9 shall be refunded pro rata to the then
owners of the dwelling units for which the amounts required by (c) above were paid.
SECTION 2
This Ordinance shall become effective upon final passage and approval.
INTRODUCED February 13, 2006
BY Jeff Chostner
Councilperson
APPROVED: — ,
President of City Council
ATTESTED BY:
CITY CLERK
PASSED AND APPROVED February 27, 2006
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Background Paper for Proposed
ORDINANCE
AGENDA ITEM #
DATE: February 13, 2006
DEPARTMENT: Law Department
TITLE
AN ORDINANCE AMENDING ORDINANCE NOS. 6083 AND 6099 RELATING TO
FUNDS ON DEPOSIT FOR IMPROVEMENTS TO OUTLOOK BOULEVARD
ISSUE
Should City Council amend Ordinance Nos. 6083 and 6099 extending the time to
refund deposits made for improvements to Outlook Boulevard?
RECOMMENDATION
Approve the Ordinance.
BACKGROUND
Ordinance Nos. 6083 and 6099 adopted in April and May 1996 imposed a $500.00
fee for each dwelling unit ( "Fee ") for construction of improvements to Outlook
Boulevard from Hillcrest Estates Subdivision 1" Filing and Two Pines at Outlook
Subdivision ( "Subdivisions ") north to Eagleridge Boulevard ('Improvements ") and
provided that if the fees were not used to construct the Improvements by May 1,
2006, the fees were to be refunded. The Improvements have not been constructed
but, based on pending subdivision of land in the near vicinity of the Subdivisions,
it is reasonably anticipated the Improvements will be completed within 36 months.
Fees on deposit with the City in the amount of $43,338 will be used for the
Improvements. This Ordinance extends the time of refund from May 1, 2006 to May
1, 2009.
FINANCIAL IMPACT
See Background.