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HomeMy WebLinkAboutR90-019A RESOLUTION APPROVING THE FUNDING OF PLAN WATER AND SEWER LINES TO SERVE PROPERTY TO BE DEVELOPED BY FOOD LION, INC., IN ACCORDANCE WITH THE APPROVED GUIDELINES FOR FUNDING AND SELECTING DEVELOPMENT PLAN WATER AND SEWER LINES; PROVIDING FOR THE WAIVER OF PRO RATA CHARGES; AND PROVIDING FOR AN EFFECTIVE DATE WHEREAS, Food Lion, Inc. is proposing to construct a distribution facility within the City of Denton and has requested that the City grant incentives to it in accordance with the economic development policies of the Denton Development Plan, WHEREAS, the City Council has adopted Guidelines for Funding and Selecting Development Plan Candidate Water and Sewer Lines to carry out the balanced growth and economic development policies of the Denton Development Plan; and WHEREAS, the Public Utilities Board and Planning and Zoning Commission have considered and recommended that the request for City funding of sewer and water lines to serve the Food Lion site and the waiver of pro rata charges for connections made to those lines be granted; and WHEREAS, the City Council has determined that the request by Food Lion meets the requirements and qualifications of the Guidelines for providing industrial development Infrastructure assistance; NOW, THEREFORE; BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON S~¢TION I, That the request of Food Lion, Inc. for City funding of water and sewer lines to serve its property to be developed as a distribution facility, is approved to the following extent: A) To serve Food Lion's proposed site, the City of Denton will extend, at its cost, a sixteen inch (16") water line approximately two thousand three hundred feet (2300'). B) To serve Food Lion's proposed site, the City of Denton will extend, at 1ts cost, a ten inch (10") sewer line extending approximately twenty-three hundred feet (2300') C) The utility lines shall only be funded and constructed by the City if Food Lion develops the property for a food distribution facility. SECTION II. That, as permitted by the Denton Development Code, Food Lion, Inc. shall be entitled to a waiver of the payment of water and sewer pro rata charges for connecting to the lines authorized to be constructed, if, at the time of the requested connection, the lot to be served ~s belng or has been developed by Food Lion for the particular use for which industrial development infrastructure assistance has been approved. SECTION III. That the cost of funding the approved water and sewer lines shall be paid from the funds currently budgeted for ndustrial development purposes. PASSED AND APPROVED this the /~-- day of ~, 1990. ATTEST: JENNIFER WALTERS, CITY SECRETARY APPROVED AS TO LEGAL FORM: DEBRA ADAMI DRAYOVITCH, CITY ATTORNEY BY: .... ) 49054.2 PAGE 2