HomeMy WebLinkAboutO-0674 - Amends Sec. 5.05, sewer system code (Repealed by 1434)An ordinance of the City of,H~~ysville amending Section 5.05
of the sewer s yscem 'code of 'the Combined ~.jater and Sevler
3ystem of the City of Marysville.,
l;ffi,:m.i£AS~the city council of the City of i>1arysville haa entered;and
may continue to enter'~into contracts t-lith certain developers of
real estate'out~ide the corporate limits whereby the city ,furnishes,
sanitary sewer servicQ by running trUnk lines to serve ,newly
platt~d areas~a:nd ''
'VJFIZRlA.:S ~as Part of the consideratic)n'for the city's bearing the initial
cost of running said 'lines ~the developers guarantee,to pay certain
sums calculated on an ag~eed,number of liVing units;in said plats ,,_
for the purpose of providing a,sufficis1;1t amount to defray the'interest
on outstanding warrants,if any,'andths annual interest with an
additional 40%as a reserve,upon revenue bonds issued 'by the city to,
finance the cost of construction of the set1Yer tines,and '
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['JH~R::AS ~this guaranteed Lncome from developers ,is based on rural
rateS for sewer service,and ',
t'JHER8AS,rUr~l -ratf;3s ar~'highei;chan city rates,and
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\rJH:iR~AS,upon annexa tLon of these deve l.opmentrs ,containing the newly
platted areas,ci,ty rates',would normally apply,and
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H'H<1:RSAS ~thei interest char-ges as outlined above would still have to
be provided for;,and
\1HEREAS,according to R ..C.t-J..Ohapeer-s 35.67,and 35.92 the'city may,
in its di~cretion,make different charges for the same ~ervice where
a reasonable,ground for distinctio,n exf.s t s ,nm'>}'therefore,
rH~CITY COUNCIL OF THE CITY OF MhRYSYILLE DO ORDAIN AS FOLLOWsi
Section 1:That upon annexation of specific areas covered by such
contracts with developers the rural rates for sanitary.sewer service
shall continue to apply-until city rates will produce theamotint
naceas ar-y to satisfy the reqUired interest 'payments.,
Section,2 &'That this,ordinance shall take effect'and be -in force
from and after its passage,approval and ,five days follOWing its
publication as required by law.
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PAS5:ED by.·the Council'of-th0.City of l'Iarysville 'i:his "28th.
CiTY Or:'H~1YSVILL~
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