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HomeMy WebLinkAbout1229 Home Building Incentive Program BILL NO. 2013 -052 ORDINANCE NO. /,;?a 9 AN ORDINANCE ESTABLISHING THE HOME BUILDING INCENTIVE PROGRAM WHEREAS, the Riverside Comprehensive Master Plan identifies a key goal of the community is to provide a quality home for every resident and that the most likely solution will come from the development of new housing opportunities; and WHEREAS, the construction of single - family residential structures contributes to the well being of the City and its residents by providing increased jobs, business opportunities, and housing options for current and prospective new residents; and WHEREAS, some businesses located in the City supply and /or support the construction industry (directly or indirectly) and are impacted by residential construction; and WHEREAS, residential construction contributes to the economic well being of the City and its taxpayers by generating increased revenues through taxes, user fees, and other charges enabling the City to spread the cost of providing services to the public over a larger base; and WHEREAS, for these reasons, the Board of Aldermen desires to establish and implement a program to stimulate single - family residential construction in the City by temporarily reducing costs incurred by builders associated with the construction of new single - family residential structures on currently platted but undeveloped lots in the City, and remodels of existing single - family residential structures through the provision of a credit on the building permit charges imposed by the City. NOW, THEREFORE, BE IT ORDAINED, by the Board of Aldermen of the City of Riverside, Missouri, as follows: Section 1. That the Home Building Incentive Program (the "Program ") is hereby established pursuant to the terms specified in this Ordinance Section 2. That the following guidelines and applicability standards for the Program are hereby established: 1. The Program shall apply only to the first fifteen (15) building permits obtained after the effective date of this Ordinance for new single - family residential structures to be constructed on currently platted and undeveloped lots in the City, provided that the Program shall apply to no more than five (5) building permits in Ward I, five (5) building permits in Ward II, and five (5) building permits in Ward III. 2. Construction work related to each building permit obtained pursuant to the Program must proceed in a manner such that a foundation inspection can be made by the City within sixty (60) days of the issuance of the building permit and must be completed and have either a temporary certificate of occupancy or certificate of occupancy within one (1) year of the date of the issuance of the building permit. 3. In order to help further the City's goals and objectives of this Program, builders are strongly encouraged to use local suppliers and contractors and patronize local businesses to the extent possible in the construction of the new residential structures. 4. Except as modified in this Ordinance, all other applicable City codes, regulations, ordinances, procedures and requirements shall continue to apply to all aspects of the construction of structures in the City. Section 3. That eligible builders participating in the Program with regard to obtaining a building permit for new single - family residential structures shall receive a one hundred percent (100 %) credit to the applicable building permit fee as calculated and imposed pursuant to the City's Schedule of Fees. Section 4. Applicants for remodeling permits to existing single - family residential structures shall receive a one hundred percent (100 %) credit to the applicable building permit fee as calculated and imposed pursuant to the City's Schedule of Fees, with no geographical limit as to the number of remodel permit credits. In the event a permittee under a remodel permit participating in the Program at any time fails to comply with the requirements of the Program, the remodel permit shall be revoked and no additional remodel work shall occur unless and until a new remodel permit has first been obtained and the full amount of all applicable fees, charges and taxes has been paid. Section 5. In the event a builder participating in the Program at any time fails to comply with the requirements of the Program, the building permit shall be revoked and no additional construction shall occur unless and until a new building permit has first been obtained and the full amount of all applicable fees, charges and taxes has been paid. Section 6. That the Board of Aldermen shall review and evaluate the effectiveness of the Program on or before December 31, 2013. Section 7. That this Ordinance shall be in full force and effect from and after its passage by the Board of Aldermen and approval by the Mayor according to law. The Program shall terminate on December 31, 2013, subject to the permit limitations contained in Section 2. BE IT REMBERED that the above was read two times by heading only, PASSED AND APPROVED by a majority of t e Bo rd of Aldermen and APPROVED by the Mayor of the City of Riverside thisaN2 day of _ 2013. , KiiSk dgied - Mayor Kathleen L. Rose Q N ATTEST:- A ny / c L, Robin Littrell,.City Clerk