|WHAT ARE CEF's?
At issue is the $2,984,620 removed from the City of
Loveland Fire Department Capital Expansion Fund
(CEF). The funds were collected as fees on new
development during Loveland's building boom and are
required by state law (29-20-104.5) to be used only for
the purpose for which they were collected.
Loveland has relied on CEF's since the early 1980's to
fund the capital improvements needed to provide city
services to a growing population. Loveland's Fire CEF's
were accumulated from fees that were established as the
result of studies conducted each year (per state law) to
determine the value of capital assets, equipment, fixtures
and life saving equipment needed to expand the fire service
commensurate with Loveland's growing population.
However, not all developers have paid these fees. Local
developer McWhinney received an initial waiver for
Centerra construction and more recently was permitted to
construct a 300 unit multi-family housing development only
paying a percentage of the CEF's required in the past to
other residential developers. Future residents of
McWhinney's 300 unit apartment complex will expect full
city emergency services so existing infrastructure will need
to be stretched even further to accommodate more
Centerra residents who have not contributed their "fair
share" in funding local emergency services.
|Has Council Land Speculation Created A
Safety Hazard For Loveland Residents?
|City of Loveland Definition:
Capital Expansion Fees
"The City of Loveland has utilized Capital Expansion
Fees as a method to meet the capital needs of our
growing community since the mid-1980s. The fees
are set based on studies that indicate the impacts
that result from different types of construction, the
major categories being residential, commercial, and
industrial. Capital Expansion Fees for Fire, Police,
General Government, Library, Museum, Parks,
Recreation, Open Lands, and Trails are based on the
value of capital assets, equipment, fixtures, and
furniture and unspent prior years’ CEF contributions"
|Loveland's Rural Fire Protection District Truck
"Incident Investigation Report"
"On Saturday April 17, 2010, at approx. 2327 hrs,
Loveland Fire and Rescue (LFR) Engine 5 (E5) was
dispatched to an outside smoke investigation in an
area of 41st and Boxelder. Initial dispatch reports
indicated a large amount of white smoke coming
from the residence at the corner of 41st Street and
Boxelder Drive. After numerous calls and reports
that a specific structure was involved, dispatch
upgraded to a structure fire response. LFR Engine 5
(E5) and Squad 2 (SQ2) were the first fire supression
crews. Battalion Chief Greg WARD (BAT1) was the
Incident Commander of the fire scene. LPD
Detective Scott HIGHLAND was the lead
investigator from the Loveland Police Department."
The response times listed show the first three units
arriving at "2333 hrs."
Oct. 2007 letter to council explaining the way the
property purchase is going to be funded (final
numbers from the November '07 meeting differ
slightly due to staff adjustments between meeitngs)
"The City will internally finance the 402 property purchase.
The city council capital reserve will provide $1.6 million
upfront and the money will be advanced from the
accumulated capital expansion fees for fire ($3.2 million)
and recreation ($2 million). The city council capital reserve
will repay the capital expansion fees at the average interest
rate being earned on the City’s investment portfolio for the
preceding twelve months, adjusted annually. The City is
using the same interest criteria prescribed by the City
Charter Section 13-3 (b) for inter-fund loans from the
utility funds. The loan is structured with a ten year term,
loading the principal repayment in the last five years of the