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2008-076ORDINANCE NO. 2008- D 7 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, PERTAINING TO THE CITY'S APPROVAL OF DEVELOPMENT PLAN LINE ASSISTANCE FOR THE EXTENSION OF SEWER LINES FOR THE CONSTRUCTION OF A NEW DIVISIONAL OFFICE AND DISTRIBUTION CENTER AS REQUESTED BY ALDI, INC. EJ THE AMOUNT OF $80,000, REPRESENTING THE COST OF THE PLANNING LEVEL CONSTRUCTION COST OF THE PROPOSED GRINDER PUMP SEWER SYSTEM; AUTHORIZING THE CITY MANAGER TO EXPEND FUNDS THEREFOR; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City Council of the City of Denton, Texas, through Resolution Infrastructure Financing, as set forth in Resolution No. R91-008 (hereafter the "Resolution"), passed and approved by the City Council on the 19`h day of February, 1991, desires to create the proper economic environment to induce the investment of private resources in productive business enterprises located in severely distressed areas of the city and to provide employment to residents of such area; and WHEREAS, Aldi, Inc. has applied for Development Plan Line assistance, for its new Divisional Office and Distribution Center (the "Facility"), and has submitted the required financial information and other data as required by the Resolution; no assistance is necessary in the area of extension of water lines to the Facility. However, the sewer line is an 8 inch line located off of Sky Lane. This sewer line is uphill from the Facility and will require construction of a Grinder Pump Station and a pressure main to discharge into the 8 inch sewer line. The planning level construction cost of the proposed Grinder Pump sewer system is $80,000; and WHEREAS, city staff has performed the cost/benefit analysis that is required by the Resolution and has concluded that the estimated economic net benefit to the city, by construction of the proposed facility by Aldi, Inc., is $446,818 over afive-yeaz period, with the net benefit, after subtracting the off-site sewer project costs of $80,000, is $360,818; and WHEREAS, the Public Utilities Board considered this item at its meeting of February 25, 2008, and recommended approval of this item by a vote of 4-0 (4 members present); and WHEREAS, the Planning & Zoning Commission considered this item at its meeting of March 12, 2008, and recommended approval by a vote of 7-0; and WHEREAS, the City Council finds that the application of Aldi, lnc. for Development Plan Line assistance should be granted; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS: SECTION 1. The recitations and findings stated in the preamble hereinabove shall be incorporated by reference and shall be a part of this ordinance. SECTION 2. The application to the city by Aldi, Inc. for Development Plan Line assistance pursuant to Resolution No. R91-008, in the amount of $80,000 for the above- described off-site sewer line construction expenses to the proposed Facility, has been duly considered and is hereby approved by the City Council. SECTION 3. The City Manager is hereby authorized to expend the funds that are authorized by this ordinance. SECTION 4. This ordinance shall take effect from and after the date of its passage and approval. ` PASSED AND APPROVED this the / S~ day of , 2008. C ~~ PERRY R. McNEILL, MAYOR ATTEST: JENNIFER WALTERS, CITY SECRETARY By: APPR VEDA O LEGAL FORM: EDWIN M. SNYDER, CITY ATTORNEY ~ ~ (~ By: Page 2