HomeMy WebLinkAbout0195_84-04 1984AN AMENDMENT TO THE CAPITAL RECOVERY FEES ORDINANCE
PASSED BY THE CITY COUNCIL OF THE CITY OF GEORGEr04N
ON JANUARY 10, 1984, .BY ADDING'THERETO PROVISIONS
ESTABLISHING CAPITAL RECOVERY FEE CREDITS AND
OVERSIZING REIMBURSEMENTS,' SETTING S`PANDARDS,
REQUIREMENTS AND SPECIFICATIONS -AND CONTAINING
SEVERABILITY AND EMERGENCY CLAUSES
WHEREAS, The City Council of,the•City of Georgetown has
passed an Ordinance providing for Capital Recovery Fees (C.. R.
F.) for water and waste water service and,
WHEREAS, the City Council intends to allow a Capital
Recovery Fee credit under certain circumstances,.
THEREFORE BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
GEORGETOWN as follows:
Capital Recovery Fees credits are hereby' authorized under
the terms, conditions and requirements hereinafter appearing:
1. No Capital Recovery Fees 'credit shall qualify unless the
Applicant has either an approved plat or Site Plan. Such Plat or
Plan and the construction of utility improvements for which a `
credit is sought must be covered by Georgetown',s Comprehensive
Plan including, but not limited to, its Master Utility Plan and
its Development Plan.
2. To qualify for a Capi.t4l .Recovery Fees credit the
Applicant shall first, prior to any construction, file a written
application and containing such information as the City Council
shall direct. Such application shall be considered by the City
Council for approval .or disapproval No credits shall be allowed
after five (5) years from date of the application. The
responsibility for requesting such credit shall be solely that of
Applicant and not of City.
3. Credits will be computed based on the oversizing of the
line or facility to accomodate future growth over and above what
the Applicant would be required to provide.to meet his
development needs, with 8" being the minimum size line acceptable
by City.
4. No Capital Recovery Fees credit shall be allowed except
relative to the particular utility that has been installed by
Applicant. If the construction qualifying as application for