Ordinance 3880-22 - Laserfiche WebLink

Version: May 19, 2022 4. Defines the applicable area served by each regional stormwater facility. 5. Provides for administration of the Payment-In-Lieu-of-Construction Program established in subsection B of this section, including definition of methods for calculating the regional stormwater facility system development charge and maintenance surcharge. B. Payment-In-Lieu-of-Construction Program 1. Purpose. Upon completion of the Regional Stormwater Facility Plan, the Director will establish and commence a Payment-In-Lieu-Of Construction Program ("Program") as provided in this section. Participation in the Program is voluntary and not mandatory. This Program shall be available for qualified new development and redevelopment projects required to mitigate for stormwater impacts under the city's stormwater standards. Property owners, or persons authorized to act on their behalf, may apply under this Program to pay a regional stormwater facility system development charge in lieu of constructing stormwater treatment and/or flow control best management practices on the project site. Mitigation capacity will be allocated to qualifying benefitted premises under this Program. All applications for the Program must be reviewed and approved by the Director or designee. The regional stormwater facility system development charge will be assessed to reimburse the city for the historic capital costs to construct or expand regional stormwater facilities to provide mitigation capacity for projects approved under the Program and to promote the expansion of the Program through the construction of additional facilities. A maintenance surcharge may also be applicable to offset the additional maintenance costs resulting from the new or expanded regional stormwater facilities benefitting such properties. 2. Payment Agreement. A payment agreement signed by the city and applicant is required for participation in the Program. 3. Regional Stormwater Facility System Development Charge. An applicant qualified and approved under this Program shall be assessed a regional stormwater facility system development charge (the"RSFSD Charge") as established by ordinance of the City Council. The RSFSD Charge may be different for each regional stormwater facility in the Program or group of facilities. The methodology for calculating the RSFSD will be developed by the Director and will be based on the present worth of capital costs for each facility and/or other equitable factors, including per-unit cost(such as per square foot of hard surface) or required detention volume. All RSFSD Charges collected shall be held in a fund specifically for the benefit of stormwater in the city's separated stormwater area. The funds may be used to pay for regional stormwater facility capital projects 8