HomeMy WebLinkAbout1977-007NO i% -
AN ORDINANCE AMENDING CHAPTER 25, ARTICLE V "EXTENSIONS OF WATER
AND SEWER MAINS" OF THE CODE OF ORDINANCES BY PLACING A LIMIT ON
THE LENGTH OF LINE THE CITY WILL EXTEND AND PROVIDING THAT NO EX-
TENSIONS BE MADE BY CITY TO NEW CONSTRUCTION, PROVIDING A SEVER -
ABILITY CLAUSE, AND PROVIDING AN EFFECTIVE DATE
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS
That Chapter 25, Article V
Mains" is hereby amended as follows
"Extensions of Water and Sewer
(1) That Section 25-74(a) is amended to hereinafter read
as follows
"Section 25-74 EXTENSIONS REQUIRED TO SERVE SUBDIVISIONS
AND OTHER DEVELOPMENTS
(a) Developers (including individuals, subdividers, and
owners of multi -family dwelling units) shall pay the
actual cost of water and sewer main extensions re-
quired to serve that development, as determined by
the city manager of the City of Denton For pur-
poses of this section, a water main in excess of
eight (8) inches and a sanitary sewer main in excess
of ten (10) inches inside diameter may be considered
oversize and the city may participate in any costs of
oversize water or sewer mains, at its option, pro-
vided the oversize capacity is not required to serve
the development Any water and sewer main extensions
to new construction will not be made by the City un-
less prior approv���}�� k the City Council is obtained
However, the CityA`�ia�y° extend water and sewer mains
to an existing dwelling if such extension does not
exceed six hundred feet
(2) That Section 25-79(a) is amended to hereinafter read
as follows
(a) Average current cost shall mean the cost per foot
determined periodically, but no less than annually,
by the public utility board of the City based upon
actual construction costs of water and, separately,
sewer mains in the City of Denton, considering all
appurtenances thereto and needed therefor, during
the period preceding such determination, and mathe-
matically averaging same and dividing by the number
of feet constructed under such contracts for water
and for sanitary sewer "
PART II
That if any section, subsection, paragraph, sentence, clause,
phrase or word in this ordinance, or application thereof to any
person or circumstances is held invalid by any court of competent
jurisdiction, such holding shall not affect the validity of the
remaining portions of this ordinance, and the City Council of the
City of Denton, Texas, hereby declares it would have enacted such
remaining portions despite any such invalidity
PART III
That this ordinance shall become effective fourteen (14) days
from the date of its passage, and the City Secretary is hereby
directed to cause the caption of this ordinance to be published
twice in the Denton Record -Chronicle, the official newspaper of
the City of Denton, Texas, within ten (10) days of the date of
its passage
PASSED AND APPROVED This the I Sr day of
1977
ATTEST,-)
CITY OF DENTON, TEXAS
APPROVED AS TO LEGAL FORM
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CITY OF DENTON, TEXAS
CITY OF DENTON, TEXAS
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$ 3,000,000
CITY OF DENTON, TEXAS
GENERAL OBLIGATION.BONDS
DATED:
6/01/77
FIRST CPN
DUE: 6/01/78
PRINCIPAL DUE: 6/01
INTEREST DUE:
6/01 & 12/01
YEAR
END
PRESENT
THIS
$ 3,000,000
ISSUE
GRAND TOTAL
9 30
REQUIREMENTS
PRINCIPAL
INTEREST*
TOTAL
REQUIREMENTS
1977
$ 1,064,414
$
$ 0
$ 0
$ 1,064,414
1978
1,098,812
165,000
165,000
1,263,812
1979
1,065,538
150,000
165,000
315,000
1,380,538
1980
1,053,935
150,000
156,750
306,750
1,360,685
1981
1,022,802
150,000
148,500
298,500
1,321,302.
1982
989,656
150,000
140,250
290,250
1,279,906
1983
883,104
150,000
1321000
282,000
1,165,104
1984
855,493
150,000
123,750
273,750
1,129,243
1985
827,638
150,000
115,500
265,500
1,093,138
1986
774,525
150,000
107,250
257,250
1,031,775
1987
688,095
150,000
99,000
249,000
937,095
1988
667,168
150,000
90,750
240,750
907,918
1989
547,715
150,000
82,500
232,500
780,215
1990
424,900
1501000
74,250
224,250
649,150
1991
407,300
150,000
66,000
216,000
623,300
1992
365,850
150,000
57,750
207,750
573,600
1993
349,050
150,000
49,500
199,500
548,550
1994
331,950
1501000
41,250
191,250
523,200
1995
164,850
200,000
33,000
233,000
397,850
1996
156,750
200,000
22,000
222,000
378,750
1997
0
200,000
11,000
211,000
211,000
$ 13,739,545
$ 3,000,000
$ 1,881,000
$ 4,881,000
$ 18,620,545
1977 ESTIMATED ASSESSED
VALUATION
$150,000,000
1978 PRINCIPAL
AND INTEREST
REQUIREMENTS
$ 1,263,812
$0.887
TAX RATE AT 95%
COLLECTIONS PRODUCES
$ 1,263,975
*NOTE:
INTEREST HAS BEEN
CALCULATED
AT A RATE OF
5.50 % FOR PURPOSES
OF ILLUSTRATION.
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