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HomeMy WebLinkAbout1984 1 ~ J SE'WERLINE PRO RATA AGREEMENT THE STATE OF TEXAS } } KNOW ALL MEN BY THESE PRESENTS: COU14TY OF DENTON } i THAT THIS AGREEMENT is made this ''ffaof between the City of r,~rIiton, a Municipal corporation of y 19by and the County and i Denton and the State of Texas, hereinafter referred to as 'City' ` STCRER HOMES r and ~ C., hereinafter referred to as 'Owner'. WITNESSETH: WHEREAS, Owner will install an offsite sewer line from the City of Denton's Hickory creek existing line approximately to Owner's development on the south side of rush aCreek 9Road and the east side of State Highway 377 (near City of Argyle); and WHEREAS, in order to serve this development with sewer services, Cwner will be required to pay the cost of a " pproximately 91000 feet of sewer line and will extend such -ewer line as descriAed above ~ pursuant to the provisions in effect on the date of this Agreement of the Denton Development Code, Appendix A to the Code of Ordinances of the City of Denton Texas, as heretofore amended; and WHEREAS, the Owner desires to receive reimbursement for such cost under the provisions of said Denton Development Code of the City of Denton, Texas; NOW THEREFORE, in cu,.sideration of the premises and the I mutual covenants and agreements hereinafter provided, the parties hereto agree as follows: That for and in consideration of the construction of such sewer line extension for the benefit of Owner and the City, the City agrees to reimburse Owner not to exceed his cost of construction only of such main extension the estimated sum of 1891000 (9000' offsite x $21 per foot for 10' size line) under the provisions in r effect on the date of this Agreement of the Denton Development Code 6 of the City of Denton, Texas, as heretofore amended with toe following limitations: A. Reimbursement costs will be verified by the Director of Utilities or his designee based on actual costs of offsite sewer line construction as presented by the Owners. Y B. After the expiration of twenty date of the completion of the sewer main extensions which will be completed about November 1984, no further reimbursement shall be made to Uwner. C. The reimbursement shall not apply to main extensions constricted by the City of Denton or under its directions from any main construction under the terms i of this Agreement. D. Reimbursement payments shall be made to the Owner or their assigns it written, and to no other person(s), STORER HOMES, INC., SEWERLINE PRO RATA AGREEMENT - PAGE ONE V ( E• The reimbursement aforesaid shall be payable only from funds received by '•he City pursuant to said Denton Development Code. i F. There shall be a maximum of twenty (20) years as the ! period of eligibility wherein the original irstaller of the main may request reimbursement of pro rata payments under this Agreement. The period of eligibility shall 'begin as the date of final inspection and acceptance of the extension by the City. G. All pro rata fees incurred under the provisions of the Denton Development Code shall be paid directly to the city and the city shall transfer amounts due to owner within thirty (30) days of receipt. That for and in consideration of the Agreements to be performed by the City as aforesaid, Owner hereby transfers to the ` City all of its rights, title and interest in and to the main extension described above, and any and all easements and right of way agreements secured by them for the purpose of locating said main j extensions. i y WITNESSETH the hands of the Parties hereto on the day and year first above written. i STORER HOMES, INC. j BY ~ v 1 CITY OF DENTON, TEXAS IC RD O. STEWA , MAYOR ATTEST: q y CHARLOTTE ALLEN, CITY SECRETARY CITY OF DENTON, TEXAS APPROVED AS TO LEGAL FORM: ry~- ROBERT B. HU14TER ASSISTANT CITY ATTORNEY c ?r .a4rtia STORER,HOMES, INC., SEWERLINE PRO RATA AGREEMENT - PAGE TWO u , 1 F 5 ~11 i ~1 ~ I~+n 1 rlb.~$ _ _ _t uu ooy: cw•e • / ' ~ ' / ~ , ; - err r. Idol 111111 x1 1 s~ I SCLEII'IL'100' ~ `fie Fv2} 1 ~ ~ • ~ 11Z. Z-i .4 ~ti~.~M,~N ~ _ : ti J 1 I 3joRtR .Yen7ES IIJC ~ ~.-.I ~ . 1 r r j 1 1 r ~ I y1 5 } S ri Pp:^ 'J1 I Lo E r.